VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF - Документы SEC, Годовой отчет, Доверенное заявление

May 8, 2025

NUMBER [001] CAPITAL STOCK ETF Shares VANGUARD LONG-TERM TAX-EXEMPT BOND ETF a Series of the VANGUARD MUNICIPAL BOND FUNDS (A Delaware Statutory Trust) THIS CERTIFIES that CEDE & CO.

AMENDMENT NO. 9

AMENDMENT NO. 9 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF VANGUARD MUNICIPAL BOND FUNDS This Amendment No. 9 (the “Amendment”) to the Amended and Restated Agreement and Declaration of Trust of Vanguard Municipal Bond Funds (the “Trust”) amends, the Amended and Restated Agreement and Declaration of Trust of the Trust dated as of November 19, 2008, as amended (the “Agreement”). B

UNITED STATES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 VANGUARD MUNICIPAL BOND FUNDS (Exact name of registrant as specified in its charter) STATE OF DELAWARE SEE BELOW - - (State or other jurisdiction of incorporation or organization) (I.R.S. Employer

AMENDED AND RESTATED

AMENDED AND RESTATED BY-LAWS OF VANGUARD MUNICIPAL BOND FUNDS These Amended and Restated By-Laws (“By-Laws”) of Vanguard Municipal Bond Funds, a Delaware statutory trust, are subject to the Amended and Restated Declaration of Trust of the Trust dated as of November 19, 2008, as from time to time amended, supplemented or restated (the “Declaration of Trust”).

Schedule 14A Information

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]Definitive Additional Materials [ ] Solici

Vote Online

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]Definitive Additional Materials [ ] Solici

Schedule 14A Information

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]Definitive Additional Materials [ ] Solici

YEAR BORN

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]Definitive Additional Materials [ ] Solici

25 November

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]Definitive Additional Materials [ ] Solici

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Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ]Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [X]Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Solicit

Schedule 14A Information

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]Definitive Additional Materials [ ] Solici

AMENDED AND RESTATED

AMENDED AND RESTATED BY-LAWS OF VANGUARD MUNICIPAL BOND FUNDS These Amended and Restated By-Laws (“By-Laws”) of Vanguard Municipal Bond Funds, a Delaware statutory trust, are subject to the Amended and Restated Declaration of Trust of the Trust dated as of November 19, 2008, as from time to time amended, supplemented or restated (the “Declaration of Trust”).

CAPITAL STOCK

NUMBER [001] CAPITAL STOCK ETF Shares VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF a Series of the VANGUARD MUNICIPAL BOND FUNDS (A Delaware Statutory Trust) THIS CERTIFIES that CEDE & CO.

CAPITAL STOCK

NUMBER [001] CAPITAL STOCK ETF Shares VANGUARD CORE TAX-EXEMPT BOND ETF a Series of the VANGUARD MUNICIPAL BOND FUNDS (A Delaware Statutory Trust) THIS CERTIFIES that CEDE & CO.

AMENDMENT NO. 8

AMENDMENT NO. 8 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF VANGUARD MUNICIPAL BOND FUNDS This Amendment No. 8 (the “Amendment”) to the Amended and Restated Agreement and Declaration of Trust of Vanguard Municipal Bond Funds (the “Trust”) amends, the Amended and Restated Agreement and Declaration of Trust of the Trust dated as of November 19, 2008, as amended (the “Agreement”). B

AMENDED AND RESTATED

AMENDED AND RESTATED BY-LAWS OF VANGUARD MUNICIPAL BOND FUNDS These Amended and Restated By-Laws (“By-Laws”) of Vanguard Municipal Bond Funds, a Delaware statutory trust, are subject to the Amended and Restated Declaration of Trust of the Trust dated as of November 19, 2008, as from time to time amended, supplemented or restated (the “Declaration of Trust”).

AMENDMENT NO. 8

AMENDMENT NO. 8 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF VANGUARD MUNICIPAL BOND FUNDS This Amendment No. 8 (the “Amendment”) to the Amended and Restated Agreement and Declaration of Trust of Vanguard Municipal Bond Funds (the “Trust”) amends, the Amended and Restated Agreement and Declaration of Trust of the Trust dated as of November 19, 2008, as amended (the “Agreement”). B

UNITED STATES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 VANGUARD MUNICIPAL BOND FUNDS (Exact name of registrant as specified in its charter) STATE OF DELAWARE SEE BELOW - - (State or other jurisdiction of incorporation or organization) (I.R.S. Employer

UNITED STATES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 VANGUARD MUNICIPAL BOND FUNDS (Exact name of registrant as specified in its charter) STATE OF DELAWARE SEE BELOW - - (State or other jurisdiction of incorporation or organization) (I.R.S. Employer

P.O. Box 2600

P.O. Box 2600 Valley Forge, PA 19482 [email protected] November 13, 2024 Lisa N. Larkin, Esq. via electronic filing U.S. Securities & Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re: Vanguard Municipal Bond Funds (The “Trust”) File No. 2‐57689 Post‐Effective Amendment No. 110 – Vanguard Core Tax‐Exempt Bond ETF and Vanguard Short Duration Tax‐Exempt Bond ETF Dear Ms. Larkin

CAPITAL STOCK

NUMBER [001] CAPITAL STOCK ETF Shares VANGUARD INTERMEDIATE-TERM TAX-EXEMPT BOND ETF a Series of the VANGUARD MUNICIPAL BOND FUNDS (A Delaware Statutory Trust) THIS CERTIFIES that CEDE & CO.

AMENDMENT NO. 7

AMENDMENT NO. 7 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF VANGUARD MUNICIPAL BOND FUNDS This Amendment No. 7 (the "Amendment") to the Amended and Restated Agreement and Declaration of Trust of Vanguard Municipal Bond Funds (the "Trust") amends, the Amended and Restated Agreement and Declaration of Trust of the Trust dated as of November 19, 2008, as amended (the "Agreement"). B

AMENDED AND RESTATED

AMENDED AND RESTATED BY-LAWS OF VANGUARD MUNICIPAL BOND FUNDS These By-Laws of Vanguard Municipal Bond Funds, a Delaware statutory trust, are subject to the Amended and Restated Declaration of Trust of the Trust dated as of November 19, 2008, as from time to time amended, supplemented or restated (the "Declaration of Trust").

FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 VANGUARD MUNICIPAL BOND FUNDS (Exact name of registrant as specified in its charter) STATE OF DELAWARE SEE BELOW - (State or other jurisdiction of incorporation or organization) - (I.R.S. Employer

P.O. Box 2600

P.O. Box 2600 Valley Forge, PA 19482 [email protected] via electronic filing January 16, 2024 Lisa N. Larkin, Esq. U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re: Vanguard Municipal Bond Funds (the "Trust") File No. 2-57689 Post-Effective Amendment No. 107 ("PEA No. 107") Dear Ms. Larkin, This letter responds to your comments provided on December 12, 20

Long-Term Tax-Exempt Fund

NPORT-EX 2 vglongtermtaxexempt.htm Vanguard® Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website

High-Yield Tax-Exempt Fund

Vanguard® High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Limited-Term Tax-Exempt Fund

NPORT-EX 2 vglmtdtrmtaxexempt.htm Vanguard® Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s websit

Tax-Exempt Bond Index Fund

NPORT-EX 2 vgtaxexemptbondindex.htm Vanguard® Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of July 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s websit

Intermediate-Term Tax-Exempt Fund

Vanguard® Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Short-Term Tax-Exempt Fund

NPORT-EX 2 vgshorttrmtaxexempt.htm Vanguard® Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website

Short-Term Tax-Exempt Fund

Vanguard® Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Limited-Term Tax-Exempt Fund

Vanguard® Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Long-Term Tax-Exempt Fund

Vanguard® Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Tax-Exempt Bond Index Fund

NPORT-EX 2 vgtaxexemptbondindx.htm Vanguard® Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of January 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s webs

Intermediate-Term Tax-Exempt Fund

Vanguard® Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

High-Yield Tax-Exempt Fund

Vanguard® High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2022 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Limited-Term Tax-Exempt Fund

Vanguard® Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Tax-Exempt Bond Index Fund

Vanguard® Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of July 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Long-Term Tax-Exempt Fund

Vanguard® Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

High-Yield Tax-Exempt Fund

Vanguard® High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Short-Term Tax-Exempt Fund

Vanguard® Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Intermediate-Term Tax-Exempt Fund

Vanguard® Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Short-Term Tax-Exempt Fund

Vanguard® Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Tax-Exempt Bond Index Fund

Vanguard® Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of January 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Intermediate-Term Tax-Exempt Fund

Vanguard® Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

High-Yield Tax-Exempt Fund

Vanguard® High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Long-Term Tax-Exempt Fund

Vanguard® Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Limited-Term Tax-Exempt Fund

Vanguard® Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2021 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard High-Yield Tax-Exempt Fund

Vanguard High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2020 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard Intermediate-Term Tax-Exempt Fund

Vanguard Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2020 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard Long-Term Tax-Exempt Fund

Vanguard Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2020 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard Limited-Term Tax-Exempt Fund

Vanguard Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2020 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard Tax-Exempt Bond Index Fund

Vanguard Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of July 31, 2020 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard Short-Term Tax-Exempt Fund

Vanguard Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2020 The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.

Vanguard Limited-Term Tax-Exempt Fund

limitedtermtaxexfnd013120.htm - Generated by SEC Publisher for SEC Filing Vanguard Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2020 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (98.4%) Alabama (2.1%) Alabama 21st Century Authority Tobacco Settlement Revenue 5.000% 6/1/20 1,500 1,518 Alabama Federal Aid Highway Finance

Vanguard Intermediate-Term Tax-Exempt Fund

Vanguard Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2020 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (98.

Vanguard Short-Term Tax-Exempt Fund

vgshrttrmtaxexemptfnd013120.htm - Generated by SEC Publisher for SEC Filing Vanguard Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2020 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (96.5%) Alabama (1.0%) Alabama 21st Century Authority Tobacco Settlement Revenue 5.000% 6/1/20 1,500 1,518 1 Alabama Federal Aid Highway Finan

Vanguard Long-Term Tax-Exempt Fund

vglttaxexfund01312020.htm - Generated by SEC Publisher for SEC Filing Vanguard Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2020 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (96.0%) Alabama (1.2%) Alabama GO 4.000% 11/1/30 6,195 7,122 Alabama GO 4.000% 11/1/31 6,445 7,376 Alabama Incentives Financing Authority Special Obl

Vanguard Tax-Exempt Bond Index Fund

vngtaxexbndidxfnd01312020.htm - Generated by SEC Publisher for SEC Filing Vanguard Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of January 31, 2020 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (98.6%) Alabama (0.4%) Alabama Federal Aid Highway Finance Authority GAN 5.000% 9/1/21 195 207 Alabama Federal Aid Highway Finance Authority GAN

Vanguard High-Yield Tax-Exempt Fund

vghghyldtxexmptbndfnd013120.htm - Generated by SEC Publisher for SEC Filing Vanguard High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of January 31, 2020 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (95.8%) Alabama (1.1%) Alabama Port Authority Docks Facilities Revenue 6.000% 10/1/20 (Prere.) 3,000 3,100 Birmingham AL GO 5.000% 3/1/37 2,50

Vanguard Municipal Bond Funds NPORT-EX - -

vgittaxexemptfnd073119.htm - Generated by SEC Publisher for SEC Filing Vanguard Intermediate-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2019 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (99.0%) Alabama (1.2%) Alabama 21st Century Authority Tobacco Settlement Revenue 5.000% 6/1/20 1,000 1,028 Alabama 21st Century Authority Tobac

Vanguard Municipal Bond Funds NPORT-EX - -

Vanguard Tax-Exempt Bond Index Fund Schedule of Investments (unaudited) As of July 31, 2019 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (98.

Vanguard Municipal Bond Funds NPORT-EX - -

vglngtrmtxexemptfund073119.htm - Generated by SEC Publisher for SEC Filing Vanguard Long-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2019 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (96.7%) Alabama (1.3%) Alabama GO 4.000% 11/1/30 6,195 7,013 Alabama GO 4.000% 11/1/31 6,445 7,247 Alabama Incentives Financing Authority Special O

Vanguard Municipal Bond Funds NPORT-EX - -

NPORT-EX 1 limited-termtaxexemptquarter.htm Vanguard Limited-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2019 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (99.5%) Alabama (2.1%) Alabama 21st Century Authority Tobacco Settlement Revenue 5.000% 6/1/20 1,500 1,543 Alabama Federal Aid Highway Finance Authority Special Obligation Rev

Vanguard Municipal Bond Funds NPORT-EX - -

Vanguard Short-Term Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2019 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (99.

Vanguard Municipal Bond Funds NPORT-EX - -

vghghyldtxexempt073119.htm - Generated by SEC Publisher for SEC Filing Vanguard High-Yield Tax-Exempt Fund Schedule of Investments (unaudited) As of July 31, 2019 Face Market Maturity Amount Value Coupon Date ($000) ($000) Tax-Exempt Municipal Bonds (95.4%) Alabama (1.2%) Alabama Port Authority Docks Facilities Revenue 6.000% 10/1/20 (Prere.) 3,000 3,171 Birmingham AL GO 5.000% 3/1/37 2,500 2,766

Vanguard Municipal Bond Funds N-Q (Quarterly Schedule of Portfolio Holdings)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Anne E. Robinson, Esquire P.O. Box 876 Valley Forg

/s/ Mortimer J. Buckley

EXHIBIT 99.CERT CERTIFICATIONS I, Mortimer J. Buckley, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading wit

Vanguard Municipal Bond Funds N-Q (Quarterly Schedule of Portfolio Holdings)

municipalbondfinal.htm - Generated by SEC Publisher for SEC Filing UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of ag

CERTIFICATIONS

certifications.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, Mortimer J. Buckley, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under whic

Vanguard Municipal Bond Funds N-Q (Quarterly Schedule of Portfolio Holdings)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Anne E. Robinson, Esquire P.O. Box 876 Valley Forg

CERTIFICATIONS CERTIFICATIONS

EX-99.CERT 2 municipalbondcerts.htm CERTIFICATIONS I, Mortimer J. Buckley, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made

VCR / Vanguard Consumer Discretionary ETF CORRESP

CORRESP 1 filename1.htm P.O. Box 2600 Valley Forge, PA 19482-2600 March 16, 2018 via electronic filing Lauren Hamilton U.S. Securities & Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re: Vanguard World Funds, File No. 811-01027 Vanguard Scottsdale Funds, File No. 811-07803 Vanguard Admiral Funds, File No. 811-07043 Vanguard Money Market Reserves, File No. 811-02554 Vanguard Explorer

IVOG / Vanguard S&P Mid-Cap 400 Growth ETF DEFINITIVE MATERIALS

definitivematerials.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Defi

Vanguard S&P Mid-Cap 400 Growth ETF DEFINITIVE ADDITIONAL MATERIALS

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Solic

Vanguard S&P Mid-Cap 400 Growth ETF DEFINITIVE ADDITIONAL MATERIALS

DEFA14A 1 defa14afinal.htm DEFINITIVE ADDITIONAL MATERIALS Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Pr

Vanguard S&P Mid-Cap 400 Growth ETF DEFINITIVE ADDITIONAL MATERIALS

defa14afinal102017.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Defin

Vanguard S&P Mid-Cap 400 Growth ETF DEFINITIVE PROXY MATERIALS

defa14afinal.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive

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defa14a9.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Prox

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N-Q 1 municipalbondsfinal.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Anne E. Robinson, Es

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municipalbondcerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances unde

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definitivematerials8.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Def

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mergedproxymaterial.htm - Generated by SEC Publisher for SEC Filing Managing Director Martha King encourages shareholders to vote in Vanguard?s 2017 proxy campaign. Every shareholder can make a difference by helping elect trustees of the Vanguard funds and voting on fund policy changes. Subject: Update: Your vote is needed Preheader: Please vote your ballot for your new account Update: Your vote i

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DEFA14A 1 file5.htm DEFINITIVE PROXY MATERIALS Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ]Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement

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file4.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ]Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy St

Vanguard S&P Mid-Cap 400 Growth ETF DEFINITIVE PROXY MATERIALS

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Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ]Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Solici

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def14a.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ]Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [X] Definitive Proxy S

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DEFA14A 1 defa14a.htm DEFINITIVE MATERIALS Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ]Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X]

IVOG / Vanguard S&P Mid-Cap 400 Growth ETF ESP

pre14acorrespondence.htm - Generated by SEC Publisher for SEC Filing P.O. Box 2600 Valley Forge, PA 19482-2600 610-669-1538 [email protected] July 28, 2017 Lisa Larkin, Esq. U.S. Securities and Exchange Commission via electronic filing 100 F Street, N.E. Washington, DC 20549 RE: Vanguard Admiral Funds; File Nos. 33-49023; 811-7043 Vanguard Bond Index Funds; File Nos. 33-6001; 811-4681 Vangu

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DEF 14A 1 def14afinal2.htm PROXY SOLICITATION MATERIALS Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy

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def14afinal.htm - Generated by SEC Publisher for SEC Filing Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive P

July 13, 2017

pre14aattnyletter2017.htm - Generated by SEC Publisher for SEC Filing July 13, 2017 Division of Investment Management U.S. Securities & Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re:Vanguard Admiral Funds; File Nos. 33-49023; 811-7043 Vanguard Bond Index Funds; File Nos. 33-6001; 811-4681 Vanguard CMT Funds; File Nos. 333-111362; 811-21478 Vanguard California Tax-Free Funds; File

PART C VANGUARD MUNICIPAL BOND FUNDS OTHER INFORMATION

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT (NO. 2-57689) UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. Post-Effective Amendment No. 97 and REGISTRATION STATEMENT (811-02687) UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 101 VANGUARD MUNICIPAL BOND FUNDS (Exact Name of Registrant as Specified in Declaration of Trust) P.O. Box 2

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ]

Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ X ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Sol

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EX-99.B BYLAWS 2 elby-lawsmunicipalbondfunds.htm BY LAWS AMENDED AND RESTATED BY-LAWS OF VANGUARD MUNICIPAL BOND FUNDS These By-Laws of Vanguard Municipal Bond Funds, a Delaware statutory trust, are subject to the Amended and Restated Declaration of Trust of the Trust dated as of November 19, 2008, as from time to time amended, supplemented or restated (the “Declaration of Trust”). In the event of

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municipalbondcerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances unde

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

N-Q 1 munifinal.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Anne E. Robinson, Esquire P.O.

TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST VANGUARD MUNICIPAL BOND FUNDS SCHEDULE A VANGUARD MUNICIPAL BOND FUNDS SERIES AND CLASSES OF THE TRUST

EX-99.A CHARTER 2 declarationoftrustmunicipalb.htm DECLARATION OF TRUST AMENDMENT NO. 4 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF VANGUARD MUNICIPAL BOND FUNDS This Amendment No. 4 (the "Amendment") to the Amended and Restated Agreement and Declaration ofTrust ofVanguard Municipal Bond Funds (the "Trust") amends, effective February 23, 2017, the Amended and Restated Agreement a

Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT (NO. 2-57689) UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. Post-Effective Amendment No. 95 REGISTRATION STATEMENT (811-02687) UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment N

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT (NO. 2-57689) UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. Post-Effective Amendment No. 95 and REGISTRATION STATEMENT (811-02687) UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 99 VANGUARD MUNICIPAL BOND FUNDS (Exact Name of Registrant as Specified in Declaration of Trust) P.O. Box 26

Vanguard Municipal Bond Funds

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA

CERTIFICATIONS

municipalbondcerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances unde

Vanguard Municipal Bond Funds

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA

CERTIFICATIONS CERTIFICATIONS

municipalbondfundscerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA

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certifications.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under wh

ETF Shares VANGUARD TAX-EXEMPT BOND ETF a Class of VANGUARD TAX-EXEMPT BOND INDEX FUND a Series of the VANGUARD MUNICIPAL BOND FUNDS (A Delaware Statutory Trust)

etfglobalcertificateforvangu.htm - Generated by SEC Publisher for SEC Filing NUMBER [001] CAPITAL STOCK ETF Shares VANGUARD TAX-EXEMPT BOND ETF a Class of VANGUARD TAX-EXEMPT BOND INDEX FUND a Series of the VANGUARD MUNICIPAL BOND FUNDS (A Delaware Statutory Trust) THIS CERTIFIES that CEDE & CO. is the holder of the current outstanding number of Vanguard Tax-Exempt Bond ETF shares issued by Vangua

UNITED STATES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 VANGUARD MUNICIPAL BOND FUNDS (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) STATE OF DELAWARE SEE BELOW - - (STATE OF INCORPORATION OF ORGANIZATION) (IRS EMPLOYER IDENTIFICATION NO.) C/O

COVER

municipalbondfunds485bcoverl.htm - Generated by SEC Publisher for SEC Filing August 17, 2015 U.S. Securities & Exchange Commission 100 F. Street, N.E. Washington, DC 20549 RE: Vanguard Municipal Bond Funds (the Trust) File No. 2 57689 Commissioners: Enclosed is the 90th Post Effective Amendment to the Trust’s Registration Statement on Form N 1A, which we are filing pursuant to Rule 485(b) under th

P.O. Box 2600

P.O. Box 2600 Valley Forge, PA 19482-2600 610-669-1605 [email protected] June 9, 2015 Mr. Jeffrey Long U.S. Securities & Exchange Commission via electronic filing 100 F Street, N.E. Washington, DC 20549 RE: (Fund Name - File Number; Fiscal Year-End) Vanguard Bond Index Funds - 811-04681; 12/31/14 Vanguard California Tax-Free Funds - 811-04474; 11/30/14 Vanguard CMT Funds - 811-21478; 8/31/

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P.O. Box 2600 Valley Forge, PA 19482-2600 610-669-1605 [email protected] May 28, 2015 Asen Parachkevov, Esq. U.S. Securities and Exchange Commission via electronic filing 100 F Street, N.E. Washington, DC 20549 RE: Vanguard Municipal Bond Funds File No. 2-57689 Post-Effective Amendment No. 81 ? Vanguard Tax-Exempt Bond Index Fund (the ?Fund?) Dear Mr. Parachkevov, As requested, this letter

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certs.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such

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N-Q 1 municipalbondsfinal.htm VANGUARD MUNICIPAL BOND FUNDS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for

March 18, 2015

March 18, 2015 Asen Parachkevov, Esq. U.S. Securities and Exchange Commission via electronic filing 100 F Street, N.E. Washington, DC 20549 RE: Vanguard Municipal Bond Funds File No. 2-57689 Post-Effective Amendment No. 81 ? Vanguard Tax-Exempt Bond Index Fund (the ?Fund?) Dear Mr. Parachkevov, This letter responds to your comments provided on February 24, 2015 on the above referenced post-effecti

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municipalbondfunds485acoverl.htm - Generated by SEC Publisher for SEC Filing January 6, 2015 U.S. Securities & Exchange Commission 100 F. Street, N.E. Washington, DC 20549 RE: Vanguard Municipal Bond Funds (the Trust) File No. 2 57689 Commissioners: Enclosed is the 81st Post Effective Amendment to the Trust’s Registration Statement on Form N 1A, which we are filing pursuant to Rule 485(a)(2) under

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municipalbondfinal.htm - Generated by SEC Publisher for SEC Filing UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of ag

CERTIFICATIONS CERTIFICATIONS

municipalbondcerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances unde

Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA

CERTIFICATIONS CERTIFICATIONS

munibondcert.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under whic

CERTIFICATIONS CERTIFICATIONS

munibondcertifications.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances

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N-Q 1 municipalbondsfinal.htm VANGUARD MUNICIPAL BOND FUNDS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for

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finaldocument.htm - Generated by SEC Publisher for SEC Filing June 2013 VANGUARD FLORIDA FOCUSED LONG-TERM TAX-EXEMPT FUND SPECIAL MEETING OF SHAREHOLDERS SCHEDULED FOR JULY 22, 2013 PLEASE VOTE NOW Recently we distributed proxy material regarding the Special Meeting of Shareholders of Vanguard Florida Focused Long-Term Tax-Exempt Fund. Our records indicate that we have not received voting instruc

- PROXY DOCUMENTS

finaldocument.htm - Generated by SEC Publisher for SEC Filing Florida Focused Long-Term Tax-Exempt Fund owners: Vote your fund's proxy You're now able to review the proxy statement that asks you and other Vanguard Florida Focused Long-Term Tax-Exempt Fund shareholders to vote on a reorganization proposed by the fund's trustees. After you read this entire message, please read the official proxy sta

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floridan-14responselettermay.htm - Generated by SEC Publisher for SEC Filing P.O. Box 2600, Mail Stop V26 Valley Forge, PA 19482-2600 610-669-7310 [email protected] May 10, 2013 Amy Miller, Esq. via electronic filing U.S. Securities & Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re: Vanguard Municipal Bond Funds (the “Trust”) Registration Statement on Form N-14 File No. 333-1878

[Letterhead of The Vanguard Group, Inc.]

exhibit11part6.htm - Generated by SEC Publisher for SEC Filing Exhibit 11 LEGALITY OF SECURITIES OPINION [Letterhead of The Vanguard Group, Inc.] April 9, 2013 Board of Trustees Vanguard Municipal Bond Funds Post Office Box 2600 Valley Forge, PA 19482-2600 Ladies and Gentlemen: I have acted as counsel to Vanguard Municipal Bond Funds, a Delaware statutory trust (the “Trust”), in connection with th

-

[Letterhead of The Vanguard Group, Inc.] April 9, 2013 U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Vanguard Municipal Bond Funds (811-02687) Registration Statement on Form N-14 via electronic filing Commissioners: On behalf of Vanguard Long-Term Tax-Exempt Fund (the “National Fund”), a series of Vanguard Municipal Bond Funds, we are hereby filing a Registr

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mergerfinal.htm - Generated by SEC Publisher for SEC Filing AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON April 9 2013 FILE NO. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-14 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 o Pre-Effective Amendment No. o Post-Effective Amendment No. VANGUARD MUNICIPAL BOND FUNDS (Exact Name of Registrant as Specified in Decla

FORM OF PROXY CARD

EX-99.17 (AS APPROP) 5 proxycardpart9.htm PROXY CARD Exhibit 17 FORM OF PROXY CARD [SHIP LOGO VANGUARD (R)] PROXY VANGUARD FLORIDA FOCUSED LONG-TERM TAX-EXEMPT FUND PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS TO BE HELD JULY 22, 2013 THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND The undersigned hereby appoint(s) F. William McNabb III, Heidi Stam, Natalie Bej, or any of the

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consentpart8.htm - Generated by SEC Publisher for SEC Filing Exhibit 14 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-14 of: (i) our report dated January 14, 2013, which appears in the November 30, 2012 Annual Report to Shareholders of Van

Based upon the foregoing, we are of the opinion that for U.S. federal income tax purposes: • the acquisition by Acquiring Fund of substantially all of the assets of Acquired Fund in exchange solely for Acquiring Fund Shares and the assumption of all

exhibit12part7.htm - Generated by SEC Publisher for SEC Filing Exhibit 12 FORM OF TAX OPINION [], 2013 Vanguard Florida Focused Long-Term Tax-Exempt Fund a series of Vanguard Florida Tax-Free Funds 100 Vanguard Blvd. Malvern, PA 19355 Vanguard Long-Term Tax-Exempt Fund a series of Vanguard Municipal Bond Funds 100 Vanguard Blvd. Malvern, PA 19355 Ladies and Gentlemen: You have asked us for our opi

CERTIFICATIONS CERTIFICATIONS

municertifications.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances unde

Quarterly Schedule of Portfolio Holdings - VANGUARD MUNICIPAL BOND FUNDS

municipalbondsfinal.htm - Generated by SEC Publisher for SEC Filing UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of a

Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-02687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA

CERTIFICATIONS CERTIFICATIONS

municerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which s

Quarterly Schedule of Portfolio Holdings - VANGUARD MUNICIPAL BOND FUNDS

N-Q 1 municipalbondfinal.htm VANGUARD MUNICIPAL BOND FUNDS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for s

CERTIFICATIONS CERTIFICATIONS

certs.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such

CERTIFICATIONS CERTIFICATIONS

municipalcertifications.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

municipalbondsfinal.htm - Generated by SEC Publisher for SEC Filing UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of ag

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

municipalbondfundsfinal.htm - Generated by SEC Publisher for SEC Filing UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address o

CERTIFICATIONS CERTIFICATIONS

certs.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such

January 13, 2011

January 13, 2011 U.S. Securities & Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re: Vanguard Municipal Bond Funds (the Trust) Registration No. 2-57689 File No. 811-2687 - Request for Withdrawal Commissioners: Pursuant to Rule 477(a) under the Securities Act of 1933, the Trust requests the withdrawal of Post- Effective Amendment Nos. 67, 68, 69, 70, 71, and 72. By way of further back

CERTIFICATIONS CERTIFICATIONS

munibondcerts.htm - Generated by SEC Publisher for SEC Filing CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under whi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

CERTIFICATIONS

EX-99.CERT 2 municipalcerts.htm CERTIFICATIONS CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such stateme

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

municipalbondfundfinal.htm - Generated by SEC Publisher for SEC Filing UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of

Comment 7: Tandy Requirements

February 11, 2010 Christian Sandoe, Esq. U.S. Securities & Exchange Commission via electronic filing 100 F Street, N.E. Washington, DC 20549 RE: Vanguard Municipal Bond Funds; File No. 2-57689 Dear Mr. Sandoe, The following responds to your comments of February 9, 2010 on the post-effective amendment of the registration statement of the above-referenced registrant. You commented on Post-Effective

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

/s/ F. William McNabb III

CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to t

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Definitive Proxy State

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

/s/ F. WILLIAM MCNABB III

CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to t

/s/ F. William McNabb III

CERTIFICATIONS I, F. William McNabb III, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to t

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2684 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Vanguard Limited-Term Tax-Exempt Fund Schedule of Investments July 31, 2007 Vanguard Short-Term Tax-Exempt Fund Schedule of Investments July 31, 2007 Vanguard Intermediate-Term Tax-Exempt Fund Schedule of Investments July 31, 2007 Vanguard Long-Term

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

CERTIFICATIONS CERTIFICATIONS

EX-99.CERT 2 certification.htm CERTIFICATION CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were

Vanguard Limited-Term Tax-Exempt Fund Schedule of Investments January 31, 2007 Vanguard Short-Term Tax-Exempt Fund Schedule of Investments January 31, 2007 Vanguard Intermediate-Term Tax-Exempt Fund Schedule of Investments January 31, 2007 Vanguard L

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Vanguard Limited-Term Tax-Exempt Fund Schedule of Investments July 31, 2006 KEY TO ABBREVIATIONS Vanguard Short-Term Tax-Exempt Fund Schedule of Investments July 31, 2006 KEY TO ABBREVIATIONS Vanguard Intermediate-Term Tax-Exempt Fund Schedule of Inv

N-Q 1 municipalbondsfinal.htm VANGUARD MUNICIPAL BOND FUNDS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

KEY TO ABBREVIATIONS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

KEY TO ABBREVIATIONS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Heidi Stam, Esquire P.O. Box 876 Valley Forge, PA 1

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

N-Q 1 insuredlongtermtaxexfund58.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Bar

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

CERTIFICATIONS CERTIFICATIONS

EX-99.CERT 2 certification.htm CERTIFICATION CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

CERTIFICATIONS CERTIFICATIONS

EX-99.CERT 2 certification.htm CERT FOR MUNI42 CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements we

CERTIFICATIONS CERTIFICATIONS

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

N-Q 1 limitedtermtaxexemptfund31.htm NQ FORM MUNI31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service:

CERTIFICATIONS CERTIFICATIONS

EX-99.CERT 2 certification.htm MUNI 41 CERTIFICATION CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such stateme

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: Vanguard Municipal Bond Funds Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-2687 Name of Registrant: VANGUARD MUNICIPAL BOND FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: R. Gregory Barton, Esquire P.O. Box 876 Valley Forg

Chief Executive Officer

CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the per

Chief Executive Officer

EX-99.CERT 2 munibondscerts.htm MUNICIPAL BOND FUNDS CERTIFICATIONS CERTIFICATIONS I, John J. Brennan, certify that: 1. I have reviewed this report on Form N-Q of Vanguard Municipal Bond Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under whi