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        <name>Coursera Inc</name>
        <lei>984500573CA1QB7DAC30</lei>
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        <cusip>22266M104</cusip>
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          <isin value="US22266M1045"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deere &amp; Co</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>DEERE &amp; CO</title>
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          <isin value="US2441991054"/>
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        <balance>23881.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dexcom Inc</name>
        <lei>549300YSK3QDSFR5EU59</lei>
        <title>DEXCOM</title>
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          <isin value="US2521311074"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duolingo Inc</name>
        <lei>N/A</lei>
        <title>DUOLINGO</title>
        <cusip>26603R106</cusip>
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          <isin value="US26603R1068"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ecolab Inc</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>ECOLAB INC</title>
        <cusip>278865100</cusip>
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          <isin value="US2788651006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illumina Inc</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>ILLUMINA INC</title>
        <cusip>452327109</cusip>
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          <isin value="US4523271090"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Insulet Corp</name>
        <lei>549300TZTYD2PYN92D43</lei>
        <title>INSULET CORP</title>
        <cusip>45784P101</cusip>
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          <isin value="US45784P1012"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>SCHNEIDER ELECTR</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000121972"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MercadoLibre Inc</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC</title>
        <cusip>58733R102</cusip>
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          <isin value="US58733R1023"/>
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        <balance>6860.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Microsoft Corp</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>MICROSOFT CORP</title>
        <cusip>594918104</cusip>
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          <isin value="US5949181045"/>
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        <balance>27539.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Times Co/The</name>
        <lei>529900J1WEMMIW7BOH57</lei>
        <title>NEW YORK TIMES-A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank Rakyat Indonesia Persero Tbk PT</name>
        <lei>254900HB6S4B12GBNP64</lei>
        <title>BANK RAKYAT INDO</title>
        <cusip>Y0697U112</cusip>
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        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co Ltd</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TSMC</title>
        <cusip>N/A</cusip>
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        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PROCEPT BioRobotics Corp</name>
        <lei>N/A</lei>
        <title>PROCEPT BIOROBOT</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Remitly Global Inc</name>
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        <name>Rivian Automotive Inc</name>
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        <name>Savers Value Village Inc</name>
        <lei>N/A</lei>
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        <cusip>80517M109</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Shopify Inc</name>
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        <title>SHOPIFY INC - A</title>
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        <name>Vertex Pharmaceuticals Inc</name>
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        <title>VERTEX PHARM</title>
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        <name>Prysmian SpA</name>
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        <invCountry>IT</invCountry>

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        <name>Novonesis (Novozymes) B</name>
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        <title>NOVONESIS (NOVOZ</title>
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        <invCountry>DK</invCountry>

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        <name>ASML Holding NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV</title>
        <cusip>N07059202</cusip>
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        <invCountry>NL</invCountry>

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        <name>Kaspi.KZ JSC</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>JSC KASPI.KZ</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>HDFC Bank Ltd</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC BANK LTD</title>
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        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sandoz Group AG</name>
        <lei>5493000JWK6XWFEUD320</lei>
        <title>SANDOZ GROUP AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH1243598427"/>
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        <balance>116216.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="1.25620200"/>
        <valUSD>6931431.15000000</valUSD>
        <pctVal>2.406566679250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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        <name>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015658117"/>
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        <balance>297758.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="0.10622000"/>
        <valUSD>5633120.41000000</valUSD>
        <pctVal>1.955798100787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARM Holdings PLC</name>
        <lei>2138001E66EELTE7Y904</lei>
        <title>ARM HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0420682058"/>
        </identifiers>
        <balance>29097.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4116934.53000000</valUSD>
        <pctVal>1.429384097763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sea Ltd</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD-ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
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        <balance>59525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10638903.25000000</valUSD>
        <pctVal>3.693786969984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOITEC</name>
        <lei>969500ZR92SQCU9TST26</lei>
        <title>SOITEC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013227113"/>
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        <balance>23453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.17405100"/>
        <valUSD>1076591.41000000</valUSD>
        <pctVal>0.373788465672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Cmt Funds-Vanguard Market Liquidity Fund</name>
        <lei>1I6HV0TLSTR3A4XQ6L78</lei>
        <title>Vanguard Market Liquidity Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FAID" value="CMT001142"/>
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        <balance>4415517.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4415517.00000000</valUSD>
        <pctVal>1.533050802050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grab Holdings Ltd</name>
        <lei>549300N4VQX83VPJF439</lei>
        <title>GRAB HOLDINGS LTD - CL A</title>
        <cusip>G4124C109</cusip>
        <identifiers>
          <isin value="KYG4124C1096"/>
        </identifiers>
        <balance>1872117.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11270144.34000000</valUSD>
        <pctVal>3.912951488955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joby Aviation Inc</name>
        <lei>N/A</lei>
        <title>JOBY AVIATION IN</title>
        <cusip>G65163100</cusip>
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          <isin value="KYG651631007"/>
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        <balance>209866.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3387237.24000000</valUSD>
        <pctVal>1.176035958533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NU Holdings Ltd/Cayman Islands</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU HOLDINGS LT-A</title>
        <cusip>G6683N103</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
        </identifiers>
        <balance>647339.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10363897.39000000</valUSD>
        <pctVal>3.598305975518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-11-25</ncom:dateSigned>
      <ncom:nameOfApplicant>VANGUARD VALLEY FORGE FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Ashley Grim</ncom:signature>
      <ncom:signerName>Ashley Grim</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
