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: 81102687E
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 MUNICIPAL MONEY MARKET FUND =====================
BLACKROCK MARYLAND MUNICIPAL BOND TRUST
Ticker: BZM Security ID: 09249L303
Meeting Date: JUL 27, 2020 Meeting Type: Annual
Record Date: MAY 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Castellano For For Management
1.2 Elect Director R. Glenn Hubbard For For Management
1.3 Elect Director John M. Perlowski For For Management
1.4 Elect Director W. Carl Kester For For Management
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BLACKROCK MUNIYIELD CALIFORNIA FUND, INC.
Ticker: MYC Security ID: 09254M600
Meeting Date: JUL 27, 2020 Meeting Type: Annual
Record Date: MAY 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Castellano For For Management
1.2 Elect Director Richard E. Cavanagh For For Management
1.3 Elect Director Cynthia L. Egan For For Management
1.4 Elect Director Robert Fairbairn For For Management
1.5 Elect Director R. Glenn Hubbard For For Management
1.6 Elect Director Catherine A. Lynch For For Management
1.7 Elect Director John M. Perlowski For For Management
1.8 Elect Director Karen P. Robards For For Management
1.9 Elect Director Frank J. Fabozzi For For Management
1.10 Elect Director W. Carl Kester For For Management
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BLACKROCK MUNIYIELD INVESTMENT FUND
Ticker: MYF Security ID: 09254R500
Meeting Date: JUL 27, 2020 Meeting Type: Annual
Record Date: MAY 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Castellano For For Management
1.2 Elect Director Richard E. Cavanagh For For Management
1.3 Elect Director Cynthia L. Egan For For Management
1.4 Elect Director Robert Fairbairn For For Management
1.5 Elect Director R. Glenn Hubbard For For Management
1.6 Elect Director Catherine A. Lynch For For Management
1.7 Elect Director John M. Perlowski For For Management
1.8 Elect Director Karen P. Robards For For Management
1.9 Elect Director Frank J. Fabozzi For For Management
1.10 Elect Director W. Carl Kester For For Management
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BLACKROCK MUNIYIELD INVESTMENT FUND
Ticker: MYF Security ID: 09254R500
Meeting Date: DEC 15, 2020 Meeting Type: Special
Record Date: OCT 16, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1G Approve Reorganization of Funds For For Management
between BlackRock MuniYield Investment
Fund and BlackRock MuniYield Quality
Fund, Inc.
1H Approve Reorganization of Funds For For Management
between BlackRock MuniYield Investment
Fund and BlackRock MuniYield Quality
Fund, Inc.
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BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC.
Ticker: MIY Security ID: 09254V600
Meeting Date: JUL 27, 2020 Meeting Type: Annual
Record Date: MAY 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Castellano For For Management
1.2 Elect Director Richard E. Cavanagh For For Management
1.3 Elect Director Cynthia L. Egan For For Management
1.4 Elect Director Robert Fairbairn For For Management
1.5 Elect Director R. Glenn Hubbard For For Management
1.6 Elect Director Catherine A. Lynch For For Management
1.7 Elect Director John M. Perlowski For For Management
1.8 Elect Director Karen P. Robards For For Management
1.9 Elect Director Frank J. Fabozzi For For Management
1.10 Elect Director W. Carl Kester For For Management
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BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.
Ticker: MYN Security ID: 09255E805
Meeting Date: JUL 27, 2020 Meeting Type: Annual
Record Date: MAY 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Castellano For For Management
1.2 Elect Director Richard E. Cavanagh For For Management
1.3 Elect Director Cynthia L. Egan For For Management
1.4 Elect Director Robert Fairbairn For For Management
1.5 Elect Director R. Glenn Hubbard For For Management
1.6 Elect Director Catherine A. Lynch For For Management
1.7 Elect Director John M. Perlowski For For Management
1.8 Elect Director Karen P. Robards For For Management
1.9 Elect Director Frank J. Fabozzi For For Management
1.10 Elect Director W. Carl Kester For For Management
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BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Ticker: MYI Security ID: 09254E863
Meeting Date: JUL 27, 2020 Meeting Type: Annual
Record Date: MAY 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Castellano For For Management
1.2 Elect Director Richard E. Cavanagh For For Management
1.3 Elect Director Cynthia L. Egan For For Management
1.4 Elect Director Robert Fairbairn For For Management
1.5 Elect Director R. Glenn Hubbard For For Management
1.6 Elect Director Catherine A. Lynch For For Management
1.7 Elect Director John M. Perlowski For For Management
1.8 Elect Director Karen P. Robards For For Management
1.9 Elect Director Frank J. Fabozzi For For Management
1.10 Elect Director W. Carl Kester For For Management
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NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND
Ticker: NVG Security ID: 67071L700
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
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NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND
Ticker: NVG Security ID: 67071L809
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
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NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND
Ticker: NVG Security ID: 67071L841
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
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NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND
Ticker: NVG Security ID: 67071L858
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
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NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NEA Security ID: 670657808
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
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NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NEA Security ID: 670657832
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
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NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NEA Security ID: 670657865
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
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NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NEA Security ID: 670657808
Meeting Date: DEC 07, 2020 Meeting Type: Special
Record Date: SEP 08, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Reorganization of Funds For For Management
between Nuveen Michigan Quality
Municipal Income Fund and Nuveen
AMT-Free Quality Municipal Income Fund
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NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NEA Security ID: 670657832
Meeting Date: DEC 07, 2020 Meeting Type: Special
Record Date: SEP 08, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Reorganization of Funds For For Management
between Nuveen Michigan Quality
Municipal Income Fund and Nuveen
AMT-Free Quality Municipal Income Fund
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NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NEA Security ID: 670657865
Meeting Date: DEC 07, 2020 Meeting Type: Special
Record Date: SEP 08, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Reorganization of Funds For For Management
between Nuveen Michigan Quality
Municipal Income Fund and Nuveen
AMT-Free Quality Municipal Income Fund
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NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND
Ticker: NAC Security ID: 67066Y808
Meeting Date: NOV 16, 2020 Meeting Type: Annual
Record Date: SEP 18, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John K. Nelson For For Management
1.3 Elect Director Terence J. Toth For For Management
1.4 Elect Director Robert L. Young For For Management
1.5 Elect Director William C. Hunter For For Management
1.6 Elect Director Albin F. Moschner For For Management
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NUVEEN MUNICIPAL CREDIT INCOME FUND
Ticker: NZF Security ID: 67070X861
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
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NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND
Ticker: NMCO Security ID: 670663202
Meeting Date: APR 20, 2021 Meeting Type: Annual
Record Date: JAN 29, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a.1 Elect Director Jack B. Evans For For Management
1a.2 Elect Director Matthew Thornton, III For For Management
1a.3 Elect Director William C. Hunter For For Management
1a.4 Elect Director Albin F. Moschner For For Management
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NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND
Ticker: NRK Security ID: 670656875
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
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NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND
Ticker: NAN Security ID: 67066X701
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
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WESTERN ASSET INTERMEDIATE MUNI FUND INC.
Ticker: SBI Security ID: 958435307
Meeting Date: JUL 06, 2020 Meeting Type: Special
Record Date: MAR 09, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve New Management Agreement with For For Management
Legg Mason Partners Fund Advisor, LLC
2 Approve Subadvisory Agreement with For For Management
Western Asset Management Company, LLC
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WESTERN ASSET INTERMEDIATE MUNI FUND INC.
Ticker: SBI Security ID: 958435307
Meeting Date: APR 09, 2021 Meeting Type: Annual
Record Date: FEB 08, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Eileen A. Kamerick For For Management
1.2 Elect Director Jane E. Trust For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
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WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Ticker: MMU Security ID: 95766M709
Meeting Date: JUL 06, 2020 Meeting Type: Special
Record Date: MAR 09, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve New Management Agreement with For For Management
Legg Mason Partners Fund Advisor, LLC
2C Approve Subadvisory Agreement with For For Management
Western Asset Management Company, LLC
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WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Ticker: MMU Security ID: 95766M709
Meeting Date: OCT 23, 2020 Meeting Type: Annual
Record Date: SEP 01, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert D. Agdern For For Management
1.2 Elect Director William R. Hutchinson For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
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WESTERN ASSET MUNICIPAL PARTNERS FUND INC.
Ticker: MNP Security ID: 95766P306
Meeting Date: JUL 06, 2020 Meeting Type: Special
Record Date: MAR 09, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve New Management Agreement with For For Management
Legg Mason Partners Fund Advisor, LLC
2C Approve Subadvisory Agreement with For For Management
Western Asset Management Company, LLC
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WESTERN ASSET MUNICIPAL PARTNERS FUND INC.
Ticker: MNP Security ID: 95766P306
Meeting Date: APR 09, 2021 Meeting Type: Annual
Record Date: FEB 08, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Carol L. Colman For For Management
1.2 Elect Director Nisha Kumar For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
========== 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.