UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM N-PX

                      ANNUAL REPORT OF PROXY VOTING RECORD
                                       OF
                   REGISTERED MANAGEMENT INVESTMENT COMPANIES

INVESTMENT COMPANY ACT FILE NUMBER:      811-2687

NAME OF REGISTRANT:                      VANGUARD MUNICIPAL BOND FUNDS

ADDRESS OF REGISTRANT:                   PO BOX 2600, VALLEY FORGE, PA 19482

NAME AND ADDRESS OF AGENT FOR SERVICE:   ANNE E. ROBINSON
                                         PO BOX 876
                                         VALLEY FORGE, PA 19482

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000

DATE OF FISCAL YEAR END:                 OCTOBER 31

DATE OF REPORTING PERIOD:                JULY 1, 2020 - JUNE 30, 2021




******************************* FORM N-Px REPORT *******************************
ICA File Number: 81102687A
Reporting Period: 07/01/2020 - 06/30/2021
VANGUARD MUNICIPAL BOND FUNDS 

Each investment advisor's votes cast are shown separately below. Sections 
without an investment advisor listed reflect votes cast at the discretion of 
the Fund. The votes reported do not reflect any votes cast pursuant to a 
regulatory requirement.
                                                



===================== VANGUARD HIGH-YIELD TAX-EXEMPT FUND ======================


NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND                                    

Ticker:       NVG            Security ID:  67071L825                            
Meeting Date: AUG 05, 2020   Meeting Type: Annual                               
Record Date:  JUN 08, 2020                                                      

#     Proposal                                Mgt Rec   Vote Cast    Sponsor    
1c.1  Elect Director John K. Nelson           For       For          Management 
1c.2  Elect Director Terence J. Toth          For       For          Management 
1c.3  Elect Director Robert L. Young          For       For          Management 
1c.4  Elect Director William C. Hunter        For       For          Management 
1c.5  Elect Director Albin F. Moschner        For       For          Management 

========== END NPX REPORT
 


                                  SIGNATURES

Pursuant  to  the  requirements  of  the  Investment  Company  Act  of 1940, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned, thereunto duly authorized.

VANGUARD MUNICIPAL BOND FUNDS

By:   /s/Mortimer J. Buckley
         Mortimer J. Buckley*
         Chief Executive Officer, President, and Trustee

Date: August 24, 2021
*By:  /s/Anne E. Robinson

Anne E. Robinson, pursuant to a Power of Attorney filed on October 23, 2020, see
File Number 2-52698. Incorporated by Reference.