# EDGAR Filing Document

**Accession Number:** 0000889519
**File Stem:** 0001752724-23-050269
**Filing Date:** 2023-3
**Character Count:** 15699
**Document Hash:** 3df94d5a875a3e8ce75e7e1b4ea4cd79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050269.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050269

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD VALLEY FORGE FUNDS
- **CENTRAL INDEX KEY:** 0000889519
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-58431
- **FILM NUMBER:** 23693848

**BUSINESS ADDRESS:**
- **STREET 1:** P O BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD BALANCED INDEX FUNDS
- **DATE OF NAME CHANGE:** 20070223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD BALANCED INDEX FUND
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD BALANCED INDEX FUND INC
- **DATE OF NAME CHANGE:** 19920715

## Series and Classes Contracts Data

### Vanguard Baillie Gifford Global Positive Impact Stock Fund (Series ID: S000075775)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000235057 | Investor Shares | VBPIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VANGUARD VALLEY FORGE FUNDS

- **b. Investment Company Act file number:** 811-58431

- **c. CIK number of Registrant:** 0000889519

- **d. LEI of Registrant:** 549300FUTH8HHBEZCJ03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** VANGUARD BAILLIE GIFFORD GLOBAL POSITIVE IMPACT STOCK FUND

- **b. EDGAR series identifier (if any):** S000075775

- **c. LEI of Series:** 549300H2IF21UEITQ770

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $164052671.43

**Total Liabilities:** $3989639.31

**Net Assets:** $160063032.12

**Cash Not Reported:** $705636.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235057 | 9.75%                | 9.59%                | -4.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5280901.70             | $18395503.60                               |
| Month 2  | $-2502.69                | $14294343.42                               |
| Month 3  | $976548.84               | $-8976715.93                               |

### Schedule of Portfolio Investments

| Name                                              | Title                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FDM Group Holdings PLC                            | FDM GROUP HOLDIN                  | CUSIP: N/A<br>LEI: 213800YR62D7GUZLMZ71       | Long             | EC               | CORP              | GB        |    115526 | NS      | $1036449.92   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| ABIOMED Inc                                       | ABIOMED INC CVR RIGHTS (DEC 2022) | CUSIP: N/A<br>LEI: 5493001EZN4ZTB4Z5887       | Long             | EC               | CORP              | US        |     16638 | NS      | $16970.76     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Duolingo Inc                                      | DUOLINGO                          | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27735 | NS      | $1972790.55   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                                      | COURSERA                          | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |    135391 | NS      | $1601675.53   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Housing Development Finance Corp Ltd              | HOUSING DEV-CW20                  | CUSIP: N/A<br>LEI: 335800OX2H9AP7NHLT64       | Long             | EC               | CORP              | IN        |    206401 | NS      | $6531128.47   | 4.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | TSMC                              | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    506000 | NS      | $7348872.43   | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Deere & Co                                        | DEERE & CO                        | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     21159 | NS      | $9072132.84   | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc                           | PELOTON INTERA-A                  | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |     39600 | NS      | $314424.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                      | XYLEM INC                         | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     58095 | NS      | $6423564.15   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                      | ILLUMINA INC                      | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     27251 | NS      | $5510152.20   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                      | AUTODESK INC                      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     17856 | NS      | $3336750.72   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                                         | ORSTED A/S                        | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |     64916 | NS      | $5868772.80   | 3.67%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nibe Industrier AB                                | NIBE INDUSTRIE-B                  | CUSIP: N/A<br>LEI: 549300ZQH0FIF1P0MX67       | Long             | EC               | CORP              | SE        |    375078 | NS      | $3500896.14   | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| 10X Genomics Inc                                  | 10X GENOMICS I-A                  | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |     60627 | NS      | $2209247.88   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                         | TESLA INC                         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     27847 | NS      | $3430193.46   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| M3 Inc                                            | M3 INC                            | CUSIP: J4697J108<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |    137900 | NS      | $3745822.65   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Ltd                                     | DISCOVERY LTD                     | CUSIP: S2192Y109<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |    468648 | NS      | $3389891.61   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Chr Hansen Holding A/S                            | CHR HANSEN HOLDI                  | CUSIP: N/A<br>LEI: 549300MKPW8ZF3E8MW37       | Long             | EC               | CORP              | DK        |     59608 | NS      | $4287770.11   | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Safaricom PLC                                     | SAFARICOM PLC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KE        |   4299300 | NS      | $842085.81    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Teladoc Health Inc                                | TELADOC HEALTH I                  | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |     54834 | NS      | $1296824.10   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Umicore SA                                        | UMICORE                           | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |    148054 | NS      | $5445393.65   | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund    | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |  10351352 | NS      | $10350316.56  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                    | NU HOLDINGS LT-A                  | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | US        |    697952 | NS      | $2840664.64   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Remitly Global Inc                                | REMIT GLOBAL INC                  | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30415 | NS      | $348251.75    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AbCellera Biologics Inc                           | ABCELLERA BIOLOG                  | CUSIP: 00288U106<br>LEI: 9845000861BC95FF9F73 | Long             | EC               | CORP              | US        |    200438 | NS      | $2030436.94   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                        | DEXCOM                            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     67840 | NS      | $7682201.60   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Novozymes A/S                                     | NOVOZYMES-B SHS                   | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     95478 | NS      | $4843953.06   | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT              | BANK RAKYAT INDO                  | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |  20689317 | NS      | $6559553.40   | 4.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                                      | SARTORIUS AG-PFD                  | CUSIP: D6705R119<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |     10984 | NS      | $4337316.08   | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                  | MERCADOLIBRE INC                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     10601 | NS      | $8970990.24   | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                       | SHOPIFY INC - A                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |    167441 | NS      | $5811877.11   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                       | ALNYLAM PHARMACE                  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     36062 | NS      | $8570134.30   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                        | ECOLAB INC                        | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     22695 | NS      | $3303484.20   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                   | ASML HOLDING NV                   | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     18185 | NS      | $9915404.93   | 6.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Moderna Inc                                       | MODERNA INC                       | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     58049 | NS      | $10426761.38  | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** VANGUARD VALLEY FORGE FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer