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:    811-58431

NAME OF REGISTRANT:                    VANGUARD VALLEY FORGE 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:               DECEMBER 31

DATE OF REPORTING PERIOD:              JULY 1, 2022 - JUNE 30, 2023




******************************* FORM N-Px REPORT *******************************
ICA File Number: 81158431C
Reporting Period: 07/01/2022 - 06/30/2023
VANGUARD VALLEY FORGE FUNDS

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




========= VANGUARD BAILLIE GIFFORD GLOBAL POSITIVE IMPACT STOCK FUND  ==========
=========                      - BAILLIE GIFFORD                      ==========


10X GENOMICS INC CLASS A

Ticker:       TXG            Security ID:  US88025U1097
Meeting Date: JUN 14, 2023   Meeting Type: Annual
Record Date:  APR 19, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director(s)                       For       For          Management
1.2   Elect Director(s)                       For       For          Management
1.3   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       Against      Management


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ABCELLERA BIOLOGICS INC

Ticker:       ABCL           Security ID:  CA00288U1066
Meeting Date: JUN 15, 2023   Meeting Type: Annual
Record Date:  APR 17, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       For          Management


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ALIBABA GROUP HOLDING

Ticker:       9988           Security ID:  KYG017191142
Meeting Date: SEP 30, 2022   Meeting Type: Annual General Meeting
Record Date:  AUG 03, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director(s)                       For       For          Management
1.2   Elect Director(s)                       For       For          Management
1.3   Elect Director(s)                       For       For          Management
1.4   Elect Director(s)                       For       For          Management
1.5   Elect Director(s)                       For       For          Management
1.6   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management


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ALNYLAM PHARMACEUTICALS

Ticker:       ALNY           Security ID:  US02043Q1076
Meeting Date: MAY 18, 2023   Meeting Type: Annual
Record Date:  MAR 24, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
1c.   Elect Director(s)                       For       For          Management
1d.   Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Say on Pay Frequency                    One Year  1 Year       Management
4     Appoint/Pay Auditors                    For       For          Management


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ASML

Ticker:       ASML           Security ID:  NL0010273215
Meeting Date: APR 26, 2023   Meeting Type: AGM
Record Date:  MAR 29, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
3.a.  Remuneration                            For       For          Management
3.b.  Annual Report                           For       For          Management
3.d.  Annual Report                           For       For          Management
4.a.  Discharge of Board                      For       For          Management
4.b.  Discharge of Board                      For       For          Management
5     Remuneration                            For       For          Management
6.a.  Non-Executive Remuneration              For       For          Management
6.b.  Non-Executive Remuneration              For       For          Management
8.a.  Elect Director(s)                       For       For          Management
8.b.  Elect Director(s)                       For       For          Management
9     Appoint/Pay Auditors                    For       For          Management
10.a. Amendment of Share Capital              For       For          Management
10.b. Amendment of Share Capital              For       For          Management
11    Share Repurchase                        For       For          Management
12    Share Repurchase                        For       For          Management


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AUTODESK

Ticker:       ASDK           Security ID:  US0527691069
Meeting Date: JUN 21, 2023   Meeting Type: Annual
Record Date:  APR 24, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
1c.   Elect Director(s)                       For       For          Management
1d.   Elect Director(s)                       For       For          Management
1e.   Elect Director(s)                       For       For          Management
1f.   Elect Director(s)                       For       For          Management
1g.   Elect Director(s)                       For       For          Management
1h.   Elect Director(s)                       For       For          Management
1i.   Elect Director(s)                       For       For          Management
1j.   Elect Director(s)                       For       For          Management
1k.   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       For          Management
4     Say on Pay Frequency                    One Year  1 Year       Management


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BANK RAKYAT INDONESIA

Ticker:       BBRI           Security ID:  ID1000118201
Meeting Date: MAR 13, 2023   Meeting Type: AGM
Record Date:  FEB 16, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Annual Report                           For       For          Management
2     Allocation of Income                    For       For          Management
3     Remuneration                            For       Against      Management
4     Appoint/Pay Auditors                    For       For          Management
5     Report - Other                          For       For          Management
6     Report - Other                          For       For          Management
7     Share Repurchase                        For       For          Management
8     Elect Director(s)                       For       Against      Management


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CHR HANSEN HOLDING A/S

Ticker:       CHR            Security ID:  DK0060227585
Meeting Date: NOV 23, 2022   Meeting Type: Annual General Meeting
Record Date:  NOV 16, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
2     Annual Report                           For       For          Management
3     Allocation of Income                    For       For          Management
4     Remuneration                            For       For          Management
5     Non-Executive Remuneration              For       For          Management
6.A   Amendment of Share Capital              For       For          Management
6.B   Share Repurchase                        For       For          Management
6.C   Articles of Association                 For       For          Management
7.A.A Elect Director(s)                       For       For          Management
7.B.A Elect Director(s)                       For       For          Management
7.B.B Elect Director(s)                       For       For          Management
7.B.C Elect Director(s)                       For       For          Management
7.B.D Elect Director(s)                       For       For          Management
7.B.E Elect Director(s)                       For       For          Management
8.A   Appoint/Pay Auditors                    For       For          Management
9     Routine Business                        For       For          Management


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CHR HANSEN HOLDING A/S

Ticker:       CHR            Security ID:  DK0060227585
Meeting Date: MAR 30, 2023   Meeting Type: EGM
Record Date:  MAR 23, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     M&A Activity                            For       For          Management
2     M&A Activity                            For       For          Management
3     M&A Activity                            For       For          Management
4     M&A Activity                            For       For          Management
5     Routine Business                        For       For          Management


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COURSERA INC

Ticker:       COUR           Security ID:  US22266M1045
Meeting Date: MAY 23, 2023   Meeting Type: Annual
Record Date:  MAR 27, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.001 Elect Director(s)                       For       For          Management
1.002 Elect Director(s)                       For       For          Management
1.003 Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Say on Pay Frequency                    For       1 Year       Management
4     Appoint/Pay Auditors                    For       For          Management


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DEERE & CO

Ticker:       DE             Security ID:  US2441991054
Meeting Date: FEB 22, 2023   Meeting Type: Annual
Record Date:  DEC 27, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
1c.   Elect Director(s)                       For       For          Management
1d.   Elect Director(s)                       For       For          Management
1e.   Elect Director(s)                       For       For          Management
1f.   Elect Director(s)                       For       For          Management
1g.   Elect Director(s)                       For       For          Management
1h.   Elect Director(s)                       For       For          Management
1i.   Elect Director(s)                       For       For          Management
1j.   Elect Director(s)                       For       For          Management
1k.   Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Say on Pay Frequency                    One Year  1 Year       Management
4     Appoint/Pay Auditors                    For       For          Management
5     Shareholder Resolution - Governance     Against   Against      Shareholder


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DEXCOM INC

Ticker:       DXCM           Security ID:  US2521311074
Meeting Date: MAY 18, 2023   Meeting Type: Annual
Record Date:  MAR 29, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director(s)                       For       For          Management
1.2   Elect Director(s)                       For       For          Management
1.3   Elect Director(s)                       For       For          Management
1.4   Elect Director(s)                       For       For          Management
1.5   Elect Director(s)                       For       For          Management
1.6   Elect Director(s)                       For       For          Management
1.7   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       For          Management
4     Say on Pay Frequency                    One Year  1 Year       Management
5     Shareholder Resolution - Social         Against   Against      Shareholder


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DISCOVERY LTD

Ticker:       DSY            Security ID:  ZAE000022331
Meeting Date: DEC 01, 2022   Meeting Type: Annual General Meeting
Record Date:  NOV 25, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
O.1.1 Appoint/Pay Auditors                    For       For          Management
O.1.2 Appoint/Pay Auditors                    For       For          Management
O.1.3 Appoint/Pay Auditors                    For       For          Management
O.2.1 Elect Director(s)                       For       For          Management
O.2.2 Elect Director(s)                       For       For          Management
O.2.3 Elect Director(s)                       For       For          Management
O.2.4 Elect Director(s)                       For       For          Management
O.3.1 Elect Director(s)                       For       For          Management
O.3.2 Elect Director(s)                       For       For          Management
O.3.3 Elect Director(s)                       For       For          Management
O.4.1 Amendment of Share Capital              For       For          Management
O.4.2 Amendment of Share Capital              For       For          Management
O.4.3 Amendment of Share Capital              For       For          Management
O.5   Routine Business                        For       For          Management
NB1.1 Remuneration                            For       Against      Management
NB1.2 Remuneration                            For       Against      Management
S.1   Non-Executive Remuneration              For       For          Management
S.2   Amendment of Share Capital              For       For          Management
S.3   Routine Business                        For       For          Management


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DUOLINGO INC

Ticker:       DUOL           Security ID:  US26603R1068
Meeting Date: JUN 15, 2023   Meeting Type: Annual
Record Date:  APR 18, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.001 Elect Director(s)                       For       For          Management
1.002 Elect Director(s)                       For       For          Management
1.003 Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       1 Year       Management


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ECOLAB

Ticker:       ECL            Security ID:  US2788651006
Meeting Date: MAY 04, 2023   Meeting Type: Annual
Record Date:  MAR 07, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
1c.   Elect Director(s)                       For       For          Management
1d.   Elect Director(s)                       For       For          Management
1e.   Elect Director(s)                       For       For          Management
1f.   Elect Director(s)                       For       For          Management
1g.   Elect Director(s)                       For       For          Management
1h.   Elect Director(s)                       For       For          Management
1i.   Elect Director(s)                       For       For          Management
1j.   Elect Director(s)                       For       For          Management
1k.   Elect Director(s)                       For       For          Management
1l.   Elect Director(s)                       For       For          Management
1m.   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       Against      Management
3     Incentive Plan                          For       For          Management
4     Employee Equity Plan                    For       For          Management
5     Remuneration                            For       For          Management
6     Say on Pay Frequency                    One Year  1 Year       Management
7     Shareholder Resolution - Governance     Against   Against      Shareholder


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FDM GROUP

Ticker:       FDM            Security ID:  GB00BLWDVP51
Meeting Date: MAY 16, 2023   Meeting Type: AGM
Record Date:  APR 04, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Annual Report                           For       For          Management
2     Remuneration                            For       For          Management
3     Allocation of Income                    For       For          Management
4     Elect Director(s)                       For       For          Management
5     Elect Director(s)                       For       For          Management
6     Elect Director(s)                       For       For          Management
7     Elect Director(s)                       For       For          Management
8     Elect Director(s)                       For       For          Management
9     Elect Director(s)                       For       For          Management
10    Elect Director(s)                       For       For          Management
11    Elect Director(s)                       For       For          Management
12    Elect Director(s)                       For       For          Management
13    Appoint/Pay Auditors                    For       For          Management
14    Appoint/Pay Auditors                    For       For          Management
15    Amendment of Share Capital              For       For          Management
16    Amendment of Share Capital              For       For          Management
17    Amendment of Share Capital              For       Against      Management
18    Share Repurchase                        For       For          Management
19    Routine Business                        For       For          Management


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ILLUMINA

Ticker:       ILMN           Security ID:  US4523271090
Meeting Date: MAY 25, 2023   Meeting Type: AGM
Record Date:  MAY 03, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director(s)                       For       No Vote      Shareholder
1.2   Elect Director(s)                       For       No Vote      Shareholder
1.3   Elect Director(s)                       For       No Vote      Shareholder
1.4   Elect Director(s)                       For       No Vote      Management
1.5   Elect Director(s)                       For       No Vote      Management
1.6   Elect Director(s)                       For       No Vote      Management
1.7   Elect Director(s)                       For       No Vote      Management
1.8   Elect Director(s)                       For       No Vote      Management
1.9   Elect Director(s)                       For       No Vote      Management
1.1   Elect Director(s)                       For       No Vote      Management
1.11  Elect Director(s)                       For       No Vote      Management
1.12  Elect Director(s)                       For       No Vote      Management
1A    Elect Director(s)                       For       For          Management
1B    Elect Director(s)                       For       For          Management
1C    Elect Director(s)                       For       For          Management
1D    Elect Director(s)                       For       For          Management
1E    Elect Director(s)                       For       For          Management
1F    Elect Director(s)                       For       For          Management
1G    Elect Director(s)                       For       For          Management
1H    Elect Director(s)                       For       For          Management
1I    Elect Director(s)                       For       For          Management
1J    Elect Director(s)                       For       Against      Shareholder
1K    Elect Director(s)                       Against   Against      Shareholder
1L    Elect Director(s)                       Against   Against      Shareholder
2     Appoint/Pay Auditors                    For       For          Management
2     Appoint/Pay Auditors                    For       No Vote      Management
3     Remuneration                            For       Against      Management
3     Remuneration                            For       No Vote      Management
4     Say on Pay Frequency                    For       1 Year       Management
4     Say on Pay Frequency                    For       No Vote      Management
5     Employee Equity Plan                    For       For          Management
5     Incentive Plan                          For       No Vote      Management


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M3

Ticker:       2413           Security ID:  JP3435750009
Meeting Date: JUN 28, 2023   Meeting Type: AGM
Record Date:  MAR 31, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director(s)                       For       For          Management
1.2   Elect Director(s)                       For       For          Management
1.3   Elect Director(s)                       For       For          Management
1.4   Elect Director(s)                       For       For          Management
1.5   Elect Director(s)                       For       For          Management
1.6   Elect Director(s)                       For       For          Management
1.7   Elect Director(s)                       For       For          Management
1.8   Elect Director(s)                       For       For          Management
1.9   Elect Director(s)                       For       For          Management


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MERCADOLIBRE

Ticker:       MELI           Security ID:  US58733R1023
Meeting Date: JUN 07, 2023   Meeting Type: Annual
Record Date:  APR 11, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.001 Elect Director(s)                       For       For          Management
1.002 Elect Director(s)                       For       For          Management
1.003 Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Say on Pay Frequency                    For       1 Year       Management
4     Appoint/Pay Auditors                    For       For          Management


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MODERNA INC

Ticker:       MRNA           Security ID:  US60770K1079
Meeting Date: MAY 03, 2023   Meeting Type: Annual
Record Date:  MAR 08, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.001 Elect Director(s)                       For       For          Management
1.002 Elect Director(s)                       For       For          Management
1.003 Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Appoint/Pay Auditors                    For       For          Management
4     Shareholder Resolution - Social         Against   Against      Shareholder


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NIBE INDUSTRIER AB 'B' SHARES

Ticker:       NIBEB          Security ID:  SE0015988019
Meeting Date: MAY 16, 2023   Meeting Type: AGM
Record Date:  MAY 08, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
2     Routine Business                        For       For          Management
3     Routine Business                        For       For          Management
4     Routine Business                        For       For          Management
5     Routine Business                        For       For          Management
6     Routine Business                        For       For          Management
9.A   Annual Report                           For       For          Management
9.B   Allocation of Income                    For       For          Management
9.C   Discharge of Board                      For       For          Management
10    Director Related                        For       For          Management
11    Appoint/Pay Auditors                    For       For          Management
12    Remuneration                            For       For          Management
13    Elect Director(s)                       For       For          Management
14    Appoint/Pay Auditors                    For       For          Management
15    Remuneration                            For       For          Management
16    Amendment of Share Capital              For       For          Management
17    Remuneration                            For       For          Management


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NOVOZYMES

Ticker:       NZYMB          Security ID:  DK0060336014
Meeting Date: MAR 02, 2023   Meeting Type: AGM
Record Date:  FEB 23, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
2     Annual Report                           For       For          Management
3     Allocation of Income                    For       For          Management
4     Remuneration                            For       For          Management
5     Remuneration                            For       For          Management
6     Elect Director(s)                       For       For          Management
7     Elect Director(s)                       For       For          Management
8.A   Elect Director(s)                       For       For          Management
8.B   Elect Director(s)                       For       For          Management
8.C   Elect Director(s)                       For       For          Management
8.D   Elect Director(s)                       For       For          Management
9     Appoint/Pay Auditors                    For       For          Management
10.A  Amendment of Share Capital              For       For          Management
10.B  Share Repurchase                        For       For          Management
10.C  Allocation of Income                    For       For          Management
10.D  Incentive Plan                          For       For          Management
10.E  Remuneration                            For       For          Management
10.F  Articles of Association                 For       For          Management


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NOVOZYMES

Ticker:       NZYMB          Security ID:  DK0060336014
Meeting Date: MAR 30, 2023   Meeting Type: EGM
Record Date:  MAR 23, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     M&A Activity                            For       For          Management
2     M&A Activity                            For       For          Management
3.A   M&A Activity                            For       For          Management
3.B   M&A Activity                            For       For          Management
3.C   M&A Activity                            For       For          Management
4     Routine Business                        For       For          Management


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NU HOLDINGS LTD.

Ticker:       NU             Security ID:  KYG6683N1034
Meeting Date: SEP 21, 2022   Meeting Type: Annual General Meeting
Record Date:  AUG 12, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.    Annual Report                           For       For          Management
2.    Elect Director(s)                       For       For          Management


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ORSTED

Ticker:       ORSTED         Security ID:  DK0060094928
Meeting Date: MAR 07, 2023   Meeting Type: AGM
Record Date:  FEB 28, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
2     Annual Report                           For       For          Management
3     Remuneration                            For       For          Management
4     Discharge of Board                      For       For          Management
5     Allocation of Income                    For       For          Management
6.1   Elect Director(s)                       For       For          Management
6.2.1 Elect Director(s)                       For       For          Management
6.3.1 Elect Director(s)                       For       For          Management
6.4.1 Elect Director(s)                       For       For          Management
6.4.2 Elect Director(s)                       For       For          Management
6.4.3 Elect Director(s)                       For       For          Management
6.4.4 Elect Director(s)                       For       For          Management
6.4.5 Elect Director(s)                       For       For          Management
6.4.6 Elect Director(s)                       For       For          Management
7     Remuneration                            For       For          Management
8     Appoint/Pay Auditors                    For       For          Management
9     Routine Business                        For       For          Management


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PELOTON INTERACTIVE INC

Ticker:       PTON           Security ID:  US70614W1009
Meeting Date: DEC 06, 2022   Meeting Type: Annual General Meeting
Record Date:  OCT 10, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.    Elect Director(s)                       For       For          Management
2.    Appoint/Pay Auditors                    For       For          Management


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REMITLY GLOBAL INC

Ticker:       RELY           Security ID:  US75960P1049
Meeting Date: JUN 14, 2023   Meeting Type: Annual
Record Date:  APR 17, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.001 Elect Director(s)                       For       For          Management
1.002 Elect Director(s)                       For       For          Management
1.003 Elect Director(s)                       For       For          Management
2     Remuneration                            One Year  1 Year       Management
3     Appoint/Pay Auditors                    For       For          Management


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SAFARICOM LTD

Ticker:       SAFCOM         Security ID:  KE1000001402
Meeting Date: JUL 29, 2022   Meeting Type: Annual General Meeting
Record Date:  JUL 28, 2022

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Annual Report                           For       No Vote      Management
2     Allocation of Income                    For       No Vote      Management
3     Elect Director(s)                       For       No Vote      Management
4     Elect Committee Member                  For       No Vote      Management
5     Remuneration                            For       No Vote      Management
6     Appoint/Pay Auditors                    For       No Vote      Management


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SHOPIFY 'A'

Ticker:       SHOP           Security ID:  CA82509L1076
Meeting Date: JUN 27, 2023   Meeting Type: Annual
Record Date:  MAY 16, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1A    Elect Director(s)                       For       For          Management
1B    Elect Director(s)                       For       For          Management
1C    Elect Director(s)                       For       For          Management
1D    Elect Director(s)                       For       For          Management
1E    Elect Director(s)                       For       For          Management
1F    Elect Director(s)                       For       For          Management
1G    Elect Director(s)                       For       For          Management
1H    Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       For          Management


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TELADOC

Ticker:       TDOC           Security ID:  US87918A1051
Meeting Date: MAY 25, 2023   Meeting Type: Annual
Record Date:  MAR 31, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
1c.   Elect Director(s)                       For       For          Management
1d.   Elect Director(s)                       For       For          Management
1e.   Elect Director(s)                       For       For          Management
1f.   Elect Director(s)                       For       For          Management
1g.   Elect Director(s)                       For       For          Management
1h.   Elect Director(s)                       For       For          Management
1i.   Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Incentive Plan                          For       For          Management
4     Employee Equity Plan                    For       For          Management
5     Appoint/Pay Auditors                    For       For          Management
6     Shareholder Resolution - Governance     Against   Against      Management


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TESLA INC

Ticker:       TSLA           Security ID:  US88160R1014
Meeting Date: MAY 16, 2023   Meeting Type: Annual
Record Date:  MAR 20, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director(s)                       For       For          Management
1.2   Elect Director(s)                       For       For          Management
1.3   Elect Director(s)                       For       For          Management
2     Remuneration                            For       For          Management
3     Say on Pay Frequency                    Three     3 Years      Management
                                              Years
4     Appoint/Pay Auditors                    For       For          Management
5     Shareholder Resolution - Governance     Against   Against      Shareholder


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TSMC

Ticker:       2330           Security ID:  TW0002330008
Meeting Date: JUN 06, 2023   Meeting Type: AGM
Record Date:  APR 07, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Annual Report                           For       For          Management
2     Employee Equity Plan                    For       For          Management
3     Articles of Association                 For       For          Management
4     Articles of Association                 For       For          Management


--------------------------------------------------------------------------------

UMICORE

Ticker:       UMI            Security ID:  BE0974320526
Meeting Date: APR 27, 2023   Meeting Type: MIX
Record Date:  APR 13, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
A.2.  Remuneration                            For       For          Management
A.3.  Annual Report                           For       For          Management
A.5.  Discharge of Board                      For       For          Management
A.6.  Discharge of Board                      For       For          Management
A.7.a Elect Director(s)                       For       For          Management
A.7.b Elect Director(s)                       For       For          Management
A.8.  Discharge of Board                      For       For          Management
B.1.  Other                                   For       For          Management


--------------------------------------------------------------------------------

XYLEM

Ticker:       XYL            Security ID:  US98419M1009
Meeting Date: MAY 11, 2023   Meeting Type: Special
Record Date:  APR 05, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     M&A Activity                            For       For          Management
2     Routine Business                        For       For          Management


--------------------------------------------------------------------------------

XYLEM

Ticker:       XYL            Security ID:  US98419M1009
Meeting Date: MAY 18, 2023   Meeting Type: Annual
Record Date:  MAR 20, 2023

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.   Elect Director(s)                       For       For          Management
1b.   Elect Director(s)                       For       For          Management
1c.   Elect Director(s)                       For       For          Management
1d.   Elect Director(s)                       For       For          Management
1e.   Elect Director(s)                       For       For          Management
1f.   Elect Director(s)                       For       For          Management
1g.   Elect Director(s)                       For       For          Management
1h.   Elect Director(s)                       For       For          Management
1i.   Elect Director(s)                       For       For          Management
1j.   Elect Director(s)                       For       For          Management
2     Appoint/Pay Auditors                    For       For          Management
3     Remuneration                            For       Against      Management
4     Shareholder Resolution - Governance     Against   Against      Shareholder

========== 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 VALLEY FORGE FUNDS

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

Date:   August 28, 2023
*By:    /s/Anne E. Robinson

Anne E. Robinson, pursuant to a Power of Attorney filed on July 21, 2023 (see
File Number 33-53683) and to a Power of Attorney filed on March 29, 2023 (see
File Number 2-11444), Incorporated by Reference.