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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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.