# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-25-005065
**Filing Date:** 2025-12
**Character Count:** 66822
**Document Hash:** 5e11336e0ce190ca53f71628420a6f5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-005065.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001099263-25-005065

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Exchange-Traded Funds, Inc.
- **CENTRAL INDEX KEY:** 0001795351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 251591462

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### T. Rowe Price International Equity ETF (Series ID: S000079836)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000241224 | T. Rowe Price International Equity ETF | TOUS            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. Rowe Price Exchange-Traded Funds, Inc.

- **b. Investment Company Act file number:** 811-23494

- **c. CIK number of Registrant:** 0001795351

- **d. LEI of Registrant:** 549300XZPUK24E1UMH17

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price International Equity ETF

- **b. EDGAR series identifier (if any):** S000079836

- **c. LEI of Series:** 254900HUJKWN0KWIF237

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1034316691.31

**Total Liabilities:** $42512459.87

**Net Assets:** $991804231.44

**Cash Not Reported:** $122977.55

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241224 | 4.53%                | 1.91%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-82123.29               | $33389333.58                               |
| Month 2  | $9037690.50              | $7667169.17                                |
| Month 3  | $-2164063.46             | $-372379.78                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 3I GROUP PLC                          | 3I GROUP PLC COMMON STOCK GBP.738636                       | CUSIP: 885GB9996<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     56577 | NS      | $3274144.22   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV-CVA GDR              | ABN AMRO BANK NV CVA DUTCH CERT EUR1.0                     | CUSIP: TC6CYF076<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |    105304 | NS      | $3146342.60   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ADIDAS AG                             | ADIDAS AG COMMON STOCK                                     | CUSIP: 00687P997<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      8951 | NS      | $1692476.35   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ADYEN BV                              | ADYEN NV COMMON STOCK EUR.01                               | CUSIP: TC43C38Q9<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      3876 | NS      | $6641464.70   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP HOLDINGS NV                    | AERCAP HOLDINGS NV COMMON STOCK EUR.01                     | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     28926 | NS      | $3767322.24   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA GROUP LTD                         | AIA GROUP LTD COMMON STOCK                                 | CUSIP: HK4TX8S16<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    405200 | NS      | $3942891.69   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LIQUIDE SA                        | AIR LIQUIDE SA COMMON STOCK EUR5.5                         | CUSIP: FR1YXBJ75<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     14388 | NS      | $2784637.23   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRBUS SE                             | AIRBUS SE COMMON STOCK EUR1.0                              | CUSIP: 2987FR985<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     40744 | NS      | $10046289.99  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AJINOMOTO CO INC                      | AJINOMOTO CO INC COMMON STOCK                              | CUSIP: 009707308<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |    174500 | NS      | $4949221.38   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| AKZO NOBEL N.V.                       | AKZO NOBEL N.V. COMMON STOCK EUR.5                         | CUSIP: 010199396<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     39219 | NS      | $2591793.04   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ALCON INC                             | ALCON INC COMMON STOCK CHF.04                              | CUSIP: TC7B4DXO2<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     29823 | NS      | $2222856.92   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD             | ALIBABA GROUP HOLDING LTD COMMON STOCK USD.000003125       | CUSIP: TC6A7A8Z1<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    277868 | NS      | $5912679.88   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANZ SE-REG                        | ALLIANZ SE REG COMMON STOCK                                | CUSIP: 018999987<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      6876 | NS      | $2763062.82   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ALSTOM                                | ALSTOM COMMON STOCK EUR7.0                                 | CUSIP: FR0DJ8Q51<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |    129483 | NS      | $3238056.16   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| AMADEUS IT GROUP SA-A SHS             | AMADEUS IT GROUP SA COMMON STOCK EUR.01                    | CUSIP: ES3MSM286<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     66183 | NS      | $5059074.45   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| AMCOR PLC                             | AMCOR PLC COMMON STOCK USD.01                              | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |    326786 | NS      | $2581609.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ GROUP HOLDINGS LTD                | ANZ GROUP HOLDINGS LTD COMMON STOCK                        | CUSIP: TC4QS1J83<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     83527 | NS      | $2000613.72   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENX SE - ADR                       | ARGENX SE   ADR ADR                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      4850 | NS      | $3969725.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ASAHI GROUP HOLDINGS LTD              | ASAHI GROUP HOLDINGS LTD COMMON STOCK                      | CUSIP: 043JP9994<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |    423800 | NS      | $4569335.46   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ASICS CORP                            | ASICS CORP COMMON STOCK                                    | CUSIP: JP6057371<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |    109700 | NS      | $2793418.98   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM INTERNATIONAL NV                  | ASM INTERNATIONAL NV COMMON STOCK EUR.04                   | CUSIP: N070NL999<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      6530 | NS      | $4236955.11   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV                       | ASML HOLDING NV COMMON STOCK EUR.09                        | CUSIP: N07059988<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     25881 | NS      | $27364223.33  | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR NEDERLAND NV                      | ASR NEDERLAND NV COMMON STOCK EUR.16                       | CUSIP: TC3V5ZYG8<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     43355 | NS      | $2893453.64   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSA ABLOY AB-B                       | ASSA ABLOY AB B COMMON STOCK SEK1.0                        | CUSIP: 045999992<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     96492 | NS      | $3636258.45   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR             | ASTRAZENECA PLC SPONS ADR ADR                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    285716 | NS      | $23542998.40  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIVA PLC                             | AVIVA PLC COMMON STOCK GBP.3289474                         | CUSIP: 125GB9996<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    538710 | NS      | $4734877.95   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                | AXA SA COMMON STOCK EUR2.29                                | CUSIP: 054998992<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |    253736 | NS      | $11009200.34  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTA          | BANCO BILBAO VIZCAYA ARGENTA COMMON STOCK EUR.49           | CUSIP: 059458992<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    268157 | NS      | $5402310.20   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO COMERCIAL PORTUGUES-R           | BANCO COMERCIAL PORTUGUES R COMMON STOCK                   | CUSIP: 0593PT996<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | EC               | CORP              | PT        |   3761245 | NS      | $3320057.43   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                          | BARCLAYS PLC COMMON STOCK GBP.25                           | CUSIP: 06738E998<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |   2039491 | NS      | $10939055.21  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                               | BASF SE COMMON STOCK                                       | CUSIP: 055262992<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |     79547 | NS      | $3924993.90   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG GROUP AG                        | BAWAG GROUP AG COMMON STOCK                                | CUSIP: TC3AMXKE0<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     67537 | NS      | $8727890.88   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP GROUP LTD                         | BHP GROUP LTD COMMON STOCK                                 | CUSIP: 112169990<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    284337 | NS      | $8095999.17   | 0.82%             |  |  |  | No            |                  2 | On Loan: —       |
| BNP PARIBAS                           | BNP PARIBAS COMMON STOCK EUR2.0                            | CUSIP: 024999997<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     91104 | NS      | $7056729.41   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                | BP PLC COMMON STOCK USD.25                                 | CUSIP: 055622997<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    908605 | NS      | $5323341.79   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAMBLES LTD                          | BRAMBLES LTD COMMON STOCK                                  | CUSIP: AU1FJ0C06<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    181917 | NS      | $2956072.24   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC          | BRITISH AMERICAN TOBACCO PLC COMMON STOCK GBP.25           | CUSIP: 110GB6999<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    108722 | NS      | $5568250.94   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| BT GROUP PLC                          | BT GROUP PLC COMMON STOCK GBP.05                           | CUSIP: GB3091351<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |   2379747 | NS      | $5807945.86   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| BUNZL PLC                             | BUNZL PLC COMMON STOCK GBP.3214286                         | CUSIP: 120GB9991<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    117325 | NS      | $3566410.33   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| CALBEE INC                            | CALBEE INC COMMON STOCK                                    | CUSIP: JP3TBRZ83<br>LEI: 529900CIHZID6O8LJH81 | Long             | EC               | CORP              | JP        |    112498 | NS      | $2093670.76   | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| CANADIAN NATL RAILWAY CO              | CANADIAN NATL RAILWAY CO COMMON STOCK                      | CUSIP: CA2180631<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     77644 | NS      | $7445254.40   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                    | CENOVUS ENERGY INC COMMON STOCK                            | CUSIP: CA57FG046<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    194955 | NS      | $3294309.29   | 0.33%             |  |  |  | No            |                  2 | On Loan: —       |
| CHUGAI PHARMACEUTICAL CO LTD          | CHUGAI PHARMACEUTICAL CO LTD COMMON STOCK                  | CUSIP: 171JP9998<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |    101300 | NS      | $4636270.90   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CIE FINANCIERE RICHEMONT UTS A        | CIE FINANCIERE RICHEMO A REG COMMON STOCK CHF1.0           | CUSIP: 125489997<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     27418 | NS      | $5423433.20   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE DE SAINT GOBAIN             | COMPAGNIE DE SAINT GOBAIN COMMON STOCK EUR4.0              | CUSIP: 125997FR2<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     37342 | NS      | $3624489.28   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS GROUP PLC                     | COMPASS GROUP PLC COMMON STOCK GBP.1105                    | CUSIP: 203GB5999<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    178878 | NS      | $5920829.86   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE INC            | CONSTELLATION SOFTWARE INC COMMON STOCK                    | CUSIP: CA15C4L66<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      1180 | NS      | $3105396.88   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| COVESTRO AG-TEND                      | COVESTRO AG TEND COMMON STOCK                              | CUSIP: TC2HCUYP3<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |     28257 | NS      | $1973630.05   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC CAPITAL PARTNERS PLC              | CVC CAPITAL PARTNERS PLC COMMON STOCK                      | CUSIP: TC4317YW0<br>LEI: 213800E8UQS1KA32YD39 | Long             | EC               | CORP              | JE        |    196302 | NS      | $3278557.19   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK HOLDING AG              | DAIMLER TRUCK HOLDING AG COMMON STOCK                      | CUSIP: TC8AUC3B7<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |     80992 | NS      | $3246374.71   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| DASSAULT AVIATION SA                  | DASSAULT AVIATION SA COMMON STOCK EUR.8                    | CUSIP: FR4067166<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |     23928 | NS      | $7710681.79   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                | DBS GROUP HOLDINGS LTD COMMON STOCK                        | CUSIP: 251SG9983<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     95950 | NS      | $3972570.17   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| DESCARTES SYSTEMS GRP/THE             | DESCARTES SYSTEMS GRP/THE COMMON STOCK                     | CUSIP: CA2141948<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     39825 | NS      | $3517252.68   | 0.35%             |  |  |  | No            |                  2 | On Loan: —       |
| DEUTSCHE TELEKOM AG-REG               | DEUTSCHE TELEKOM AG REG COMMON STOCK                       | CUSIP: 251566998<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    366075 | NS      | $11339235.64  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DHL GROUP                             | DHL GROUP COMMON STOCK                                     | CUSIP: 251DE7990<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     85090 | NS      | $3909574.91   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORP                            | DISCO CORP COMMON STOCK                                    | CUSIP: 0024JP997<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8890 | NS      | $2952217.33   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| DOWNER EDI LTD                        | DOWNER EDI LTD COMMON STOCK                                | CUSIP: 2610AU981<br>LEI: 254900DIW3F7OMWAO951 | Long             | EC               | CORP              | AU        |   1315294 | NS      | $6643578.48   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT CORP         | ELEMENT FLEET MANAGEMENT COR COMMON STOCK                  | CUSIP: CA7FNMQ20<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    190010 | NS      | $5125006.81   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL SPA                              | ENEL SPA COMMON STOCK EUR1.0                               | CUSIP: 29265W991<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |   1035096 | NS      | $10470779.80  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE                                 | ENGIE COMMON STOCK EUR1.0                                  | CUSIP: FR0V2CQ35<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |    191553 | NS      | $4484821.17   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ERICSSON LM-B SHS                     | ERICSSON LM B SHS COMMON STOCK SEK5.0                      | CUSIP: 294821988<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    631450 | NS      | $6406603.67   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| ERSTE GROUP BANK AG                   | ERSTE GROUP BANK AG COMMON STOCK                           | CUSIP: 2969AT992<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |     27484 | NS      | $2847036.29   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ESSILORLUXOTTICA                      | ESSILORLUXOTTICA COMMON STOCK EUR.18                       | CUSIP: 297FR9993<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      4051 | NS      | $1483551.68   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ESSITY AKTIEBOLAG-B SHS               | ESSITY AKTIEBOLAG B COMMON STOCK SEK3.35                   | CUSIP: TC7DEEAD4<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |    318556 | NS      | $8749976.94   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROFINS SCIENTIFIC                   | EUROFINS SCIENTIFIC COMMON STOCK EUR.1                     | CUSIP: FR5972646<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     49803 | NS      | $3512579.35   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| FERRARI NV                            | FERRARI NV COMMON STOCK EUR.01                             | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |     11326 | NS      | $4535614.75   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| FOOD & LIFE COMPANIES LTD             | FOOD + LIFE COMPANIES LTD COMMON STOCK                     | CUSIP: TC0FDLV71<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |     62600 | NS      | $3053213.52   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJITSU LIMITED                       | FUJITSU LIMITED COMMON STOCK                               | CUSIP: 359590999<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |    181000 | NS      | $4716939.14   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| GALAXY ENTERTAINMENT GROUP LTD        | GALAXY ENTERTAINMENT GROUP L COMMON STOCK                  | CUSIP: HK6465874<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    399000 | NS      | $1987948.98   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| GALP ENERGIA SGPS SA                  | GALP ENERGIA SGPS SA COMMON STOCK EUR1.0                   | CUSIP: PT1FW7519<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    388582 | NS      | $7807028.05   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERALI                              | GENERALI COMMON STOCK                                      | CUSIP: 045429982<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |    235582 | NS      | $9068938.13   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| GREAT-WEST LIFECO INC                 | GREAT WEST LIFECO INC COMMON STOCK                         | CUSIP: CA2384951<br>LEI: 549300X81X4VZEESFU46 | Long             | EC               | CORP              | CA        |     74079 | NS      | $3140520.72   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC-SPON ADR                      | GSK PLC SPON ADR ADR                                       | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    102240 | NS      | $4790966.40   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| HEIDELBERG MATERIALS AG               | HEIDELBERG MATERIALS AG COMMON STOCK                       | CUSIP: 422DE9990<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     29152 | NS      | $6839161.37   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| HEINEKEN NV                           | HEINEKEN NV COMMON STOCK EUR1.6                            | CUSIP: 423012962<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     21467 | NS      | $1662239.24   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| HERMES INTERNATIONAL                  | HERMES INTERNATIONAL COMMON STOCK                          | CUSIP: 427FR9996<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      1185 | NS      | $2932233.85   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| HIKARI TSUSHIN INC                    | HIKARI TSUSHIN INC COMMON STOCK                            | CUSIP: 430JP9995<br>LEI: 3538001SOIIV8U3OXH94 | Long             | EC               | CORP              | JP        |      8500 | NS      | $2251533.35   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI LTD                           | HITACHI LTD COMMON STOCK                                   | CUSIP: 433578994<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    316700 | NS      | $10818148.82  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT TRUST & HKT SHARE STAPLED LTD     | HKT TRUST AND HKT LTD SS STAPLED SECURITY HKD.0005         | CUSIP: HK4TXDZ33<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    769000 | NS      | $1122872.02   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                     | HSBC HOLDINGS PLC COMMON STOCK USD.5                       | CUSIP: 404278988<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    746234 | NS      | $10446859.36  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR CO                      | HYUNDAI MOTOR CO COMMON STOCK KRW5000.0                    | CUSIP: 4491KR998<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |     10556 | NS      | $2140644.18   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LTD-SPON ADR               | ICICI BANK LTD SPON ADR ADR                                | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     91072 | NS      | $2759481.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                   | IMPERIAL BRANDS PLC COMMON STOCK GBP.1                     | CUSIP: 453142994<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |    291068 | NS      | $11565379.49  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG              | INFINEON TECHNOLOGIES AG COMMON STOCK                      | CUSIP: 456DE9981<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     77293 | NS      | $3067983.01   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| INFORMA PLC                           | INFORMA PLC COMMON STOCK GBP.001                           | CUSIP: 456GB8997<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |    197975 | NS      | $2520877.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV CVA NLG1                 | ING GROEP NV COMMON STOCK EUR.01                           | CUSIP: 449999994<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    429051 | NS      | $10713259.54  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ISETAN MITSUKOSHI HOLDINGS L          | ISETAN MITSUKOSHI HOLDINGS L COMMON STOCK                  | CUSIP: JP2Q4CL45<br>LEI: 529900SY5RZO92EFG035 | Long             | EC               | CORP              | JP        |    223600 | NS      | $3509197.84   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| JERONIMO MARTINS                      | JERONIMO MARTINS COMMON STOCK EUR1.0                       | CUSIP: 476PT9992<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |    216496 | NS      | $5575858.14   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| JULIUS BAER GROUP LTD                 | JULIUS BAER GROUP LTD COMMON STOCK CHF.02                  | CUSIP: CH4R2R501<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     71908 | NS      | $4854402.35   | 0.49%             |  |  |  | No            |                  2 | On Loan: —       |
| KAJIMA CORP                           | KAJIMA CORP COMMON STOCK                                   | CUSIP: 483JP8993<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     72700 | NS      | $2343685.91   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI CORP                             | KDDI CORP COMMON STOCK                                     | CUSIP: 233JPY999<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |    362800 | NS      | $5783158.55   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYENCE CORP                          | KEYENCE CORP COMMON STOCK                                  | CUSIP: 4930JP991<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      9400 | NS      | $3488664.30   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGSPAN GROUP PLC                    | KINGSPAN GROUP PLC COMMON STOCK EUR.13                     | CUSIP: IE4491230<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     31831 | NS      | $2383450.50   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| KION GROUP AG                         | KION GROUP AG COMMON STOCK                                 | CUSIP: TC7KY3GH5<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     58588 | NS      | $4162936.56   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| KOMATSU LTD                           | KOMATSU LTD COMMON STOCK                                   | CUSIP: 500458997<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |    108200 | NS      | $3619392.56   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZE NV         | KONINKLIJKE AHOLD DELHAIZE N COMMON STOCK EUR.01           | CUSIP: NL5252605<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     51672 | NS      | $2114409.85   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE KPN NV                    | KONINKLIJKE KPN NV COMMON STOCK EUR.04                     | CUSIP: 500NL9995<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    696228 | NS      | $3221768.05   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE PHILIPS NV                | KONINKLIJKE PHILIPS NV COMMON STOCK EUR.2                  | CUSIP: 718NL9985<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    185217 | NS      | $5074054.61   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| KT CORP-SP ADR                        | KT CORP SP ADR ADR                                         | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |    190256 | NS      | $3529248.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KYUSHU RAILWAY COMPANY                | KYUSHU RAILWAY COMPANY COMMON STOCK                        | CUSIP: TC8QEDDL5<br>LEI: 5299002CCI6HLWAN3K50 | Long             | EC               | CORP              | JP        |    134700 | NS      | $3416102.24   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                            | LEGRAND SA COMMON STOCK EUR4.0                             | CUSIP: FR11ZRK94<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     20279 | NS      | $3501934.08   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| LEONARDO SPA                          | LEONARDO SPA COMMON STOCK                                  | CUSIP: 3180IT997<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |    109208 | NS      | $6425217.74   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC              | LLOYDS BANKING GROUP PLC COMMON STOCK GBP.1                | CUSIP: 539GB9996<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |   3723677 | NS      | $4365964.55   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP           | LONDON STOCK EXCHANGE GROUP COMMON STOCK GBP.06918605      | CUSIP: GB0952985<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     17053 | NS      | $2125251.82   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE   | LVMH MOET HENNESSY LOUIS VUI COMMON STOCK EUR.3            | CUSIP: FR4061417<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      7724 | NS      | $5459497.68   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| MATSUKIYOCOCOKARA & CO                | MATSUKIYOCOCOKARA + CO COMMON STOCK                        | CUSIP: JP249GC08<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    190900 | NS      | $3458650.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                      | MERCADOLIBRE INC COMMON STOCK USD.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2287 | NS      | $5322443.62   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI ELECTRIC CORP              | MITSUBISHI ELECTRIC CORP COMMON STOCK                      | CUSIP: 606776995<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |    225400 | NS      | $6399689.27   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI ESTATE CO LTD              | MITSUBISHI ESTATE CO LTD COMMON STOCK                      | CUSIP: 606783991<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    357000 | NS      | $7565499.86   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GRO          | MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK                  | CUSIP: 6070JP994<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    828700 | NS      | $12517734.83  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUI FUDOSAN CO LTD                 | MITSUI FUDOSAN CO LTD COMMON STOCK                         | CUSIP: 606827988<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    382500 | NS      | $3982742.98   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| MUENCHENER RUECKVER AG-REG            | MUENCHENER RUECKVER AG REG COMMON STOCK                    | CUSIP: 624DE9996<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      5313 | NS      | $3287120.60   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA               | NATIONAL BANK OF CANADA COMMON STOCK                       | CUSIP: CA2077308<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     18260 | NS      | $2040099.82   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                     | NATIONAL GRID PLC COMMON STOCK GBP.1243129                 | CUSIP: 636274995<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    354103 | NS      | $5309456.33   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE SA-REG                         | NESTLE SA REG COMMON STOCK CHF.1                           | CUSIP: 641069976<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     45198 | NS      | $4318598.45   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| NINTENDO CO LTD                       | NINTENDO CO LTD COMMON STOCK                               | CUSIP: 654JP9994<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     18300 | NS      | $1560804.95   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON SANSO HOLDINGS CORP            | NIPPON SANSO HOLDINGS CORP COMMON STOCK                    | CUSIP: 653JP9995<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |    163400 | NS      | $5426809.91   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON STEEL CORP                     | NIPPON STEEL CORP COMMON STOCK                             | CUSIP: 653JP6991<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |   1103500 | NS      | $4548657.29   | 0.46%             |  |  |  | No            |                  2 | On Loan: —       |
| NOVARTIS AG-REG                       | NOVARTIS AG REG COMMON STOCK CHF.49                        | CUSIP: 6699999Z9<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     61763 | NS      | $7643891.18   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVO NORDISK A/S-B                    | NOVO NORDISK A/S B COMMON STOCK DKK.1                      | CUSIP: 670100973<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     99901 | NS      | $4918293.15   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| OLYMPUS CORP                          | OLYMPUS CORP COMMON STOCK                                  | CUSIP: 681JP9991<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    231622 | NS      | $2850563.37   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                | OMV AG COMMON STOCK                                        | CUSIP: 670875996<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     85829 | NS      | $4698805.39   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX CORP                             | ORIX CORP COMMON STOCK                                     | CUSIP: 686999996<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    227600 | NS      | $5567558.38   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP BANK PLC                          | OTP BANK PLC COMMON STOCK HUF100.0                         | CUSIP: 6710HU996<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     48273 | NS      | $4607918.92   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| PARTNERS GROUP HOLDING AG             | PARTNERS GROUP HOLDING AG COMMON STOCK CHF.01              | CUSIP: CH119QG04<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      1885 | NS      | $2308402.45   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| PROSUS                                | PROSUS NV COMMON STOCK EUR.05                              | CUSIP: TC33K9NH1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    187362 | NS      | $12950171.42  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL PLC                        | PRUDENTIAL PLC COMMON STOCK GBP.05                         | CUSIP: 744GB9997<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    430203 | NS      | $5983297.92   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| QANTAS AIRWAYS LTD                    | QANTAS AIRWAYS LTD COMMON STOCK                            | CUSIP: 74726M992<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    324179 | NS      | $2159725.82   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN N.V.                           | QIAGEN N.V. COMMON STOCK EUR.01                            | CUSIP: N72482206<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |     81471 | NS      | $3834844.89   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD               | RECRUIT HOLDINGS CO LTD COMMON STOCK                       | CUSIP: TC3Z2O7W2<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    123000 | NS      | $6099315.79   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                              | RELX PLC COMMON STOCK GBP.00144397                         | CUSIP: 758GB9990<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     77098 | NS      | $3407452.18   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP              | RENESAS ELECTRONICS CORP COMMON STOCK                      | CUSIP: 639999978<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    949400 | NS      | $11724678.19  | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| RESONA HOLDINGS INC                   | RESONA HOLDINGS INC COMMON STOCK                           | CUSIP: 2349JP996<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    417100 | NS      | $4021292.39   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDING AG-GENUSSCHEIN          | ROCHE HOLDING AG GENUSSCHEIN COMMON STOCK                  | CUSIP: 771195997<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     36508 | NS      | $11825677.66  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC              | ROLLS ROYCE HOLDINGS PLC COMMON STOCK GBP.2                | CUSIP: 775781990<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |   1344537 | NS      | $20690803.81  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RYANAIR HOLDINGS PLC                  | RYANAIR HOLDINGS PLC COMMON STOCK EUR.006                  | CUSIP: 7835IE995<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    165493 | NS      | $5010401.74   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFRAN SA                             | SAFRAN SA COMMON STOCK EUR.2                               | CUSIP: 786FR9991<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     18884 | NS      | $6709831.08   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMPO OYJ-A SHS                       | SAMPO OYJ A SHS COMMON STOCK                               | CUSIP: 795FI9990<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    403289 | NS      | $4495191.39   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD            | SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW100.0           | CUSIP: 796050979<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     92761 | NS      | $6982693.90   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI                                | SANOFI COMMON STOCK EUR2.0                                 | CUSIP: 801106980<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     99711 | NS      | $10087041.91  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                | SAP SE COMMON STOCK                                        | CUSIP: 803054998<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     47696 | NS      | $12404411.05  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SARTORIUS STEDIM BIOTECH              | SARTORIUS STEDIM BIOTECH COMMON STOCK EUR.2                | CUSIP: FR0BQFY52<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     20538 | NS      | $4912061.62   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                 | SCHNEIDER ELECTRIC SE COMMON STOCK EUR4.0                  | CUSIP: 806999983<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     15539 | NS      | $4427523.88   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD ADR                           | SEA LTD ADR ADR USD.0005                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     32754 | NS      | $5117812.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SEGRO PLC                             | SEGRO PLC REIT GBP.1                                       | CUSIP: 831GB9991<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    582810 | NS      | $5348076.05   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SEVEN & I HOLDINGS CO LTD             | SEVEN + I HOLDINGS CO LTD COMMON STOCK                     | CUSIP: JP0FS5D64<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |    527900 | NS      | $6714779.36   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                             | SHELL PLC COMMON STOCK EUR.07                              | CUSIP: TC9XVQT42<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    185341 | NS      | $6948324.18   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIMIZU CORP                          | SHIMIZU CORP COMMON STOCK                                  | CUSIP: 824JP8991<br>LEI: 353800BRAE0QFP3ZLY22 | Long             | EC               | CORP              | JP        |    216000 | NS      | $2899400.60   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIN-ETSU CHEMICAL CO LTD             | SHIN ETSU CHEMICAL CO LTD COMMON STOCK                     | CUSIP: 824999999<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |    182218 | NS      | $5477277.70   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC - CLASS A                 | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: TC4NOTA17<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     29468 | NS      | $5123572.41   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG-REG                        | SIEMENS AG REG COMMON STOCK                                | CUSIP: 82619R994<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     48505 | NS      | $13746181.28  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS HEALTHINEERS AG               | SIEMENS HEALTHINEERS AG COMMON STOCK                       | CUSIP: TC9YZQKU7<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |    126357 | NS      | $7082302.08   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| SMITHS GROUP PLC                      | SMITHS GROUP PLC COMMON STOCK GBP.375                      | CUSIP: 833GB9999<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     64714 | NS      | $2142942.81   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                   | SOCIETE GENERALE SA COMMON STOCK EUR1.25                   | CUSIP: FR5966515<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |    133535 | NS      | $8468870.70   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY GROUP CORP                       | SONY GROUP CORP COMMON STOCK                               | CUSIP: 835699992<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    453000 | NS      | $12615859.45  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                 | SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      8317 | NS      | $5450296.44   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                               | SSE PLC COMMON STOCK GBP.5                                 | CUSIP: 810GB7990<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    108021 | NS      | $2721349.88   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                | STANDARD CHARTERED PLC COMMON STOCK USD.5                  | CUSIP: 853GB9994<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    330030 | NS      | $6774604.66   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET INS US GO MM FD-IS       | STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   8646723 | NS      | $8646723.10   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| STORA ENSO OYJ-R SHS                  | STORA ENSO OYJ R SHS COMMON STOCK EUR1.7                   | CUSIP: 86210M999<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |    167149 | NS      | $1946308.29   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO CORP                         | SUMITOMO CORP COMMON STOCK                                 | CUSIP: 865JP8991<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |    165400 | NS      | $4811641.97   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST GROUP INC       | SUMITOMO MITSUI TRUST GROUP COMMON STOCK                   | CUSIP: JP6432897<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |    106500 | NS      | $2925187.63   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SWEDBANK AB - A SHARES                | SWEDBANK AB   A SHARES COMMON STOCK                        | CUSIP: 3454SE998<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |     80375 | NS      | $2440247.73   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| T. Rowe Price Government Reserve Fund | T. Rowe Price Government Reserve Fund - Collateral         | CUSIP: 76105YYY8<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |  21688245 | NS      | $21688244.86  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIHEIYO CEMENT CORP                  | TAIHEIYO CEMENT CORP COMMON STOCK                          | CUSIP: 874JP6994<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    171600 | NS      | $4655764.85   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFAC          | TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0          | CUSIP: 874039993<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    138000 | NS      | $6673633.94   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL CO LTD          | TAKEDA PHARMACEUTICAL CO LTD COMMON STOCK                  | CUSIP: 874099997<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |    250700 | NS      | $6765764.61   | 0.68%             |  |  |  | No            |                  2 | On Loan: —       |
| TAYLOR WIMPEY PLC                     | TAYLOR WIMPEY PLC COMMON STOCK GBP.01                      | CUSIP: 877GB9996<br>LEI: 21380089BTRXTD8S3R66 | Long             | EC               | CORP              | GB        |   1309052 | NS      | $1810733.54   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES CO LTD          | TECHTRONIC INDUSTRIES CO LTD COMMON STOCK                  | CUSIP: 8790HK998<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    136500 | NS      | $1592136.82   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TELSTRA GROUP LTD                     | TELSTRA GROUP LTD COMMON STOCK                             | CUSIP: TC3TVW524<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    483484 | NS      | $1544651.84   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                  | TENCENT HOLDINGS LTD COMMON STOCK HKD.00002                | CUSIP: CN01CT306<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     29300 | NS      | $2379971.55   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO ELECTRON LTD                    | TOKYO ELECTRON LTD COMMON STOCK                            | CUSIP: 889998993<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     21500 | NS      | $4740109.39   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE                      | TOTALENERGIES SE COMMON STOCK EUR2.5                       | CUSIP: 89150A991<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    163957 | NS      | $10236658.65  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                     | TOYOTA MOTOR CORP COMMON STOCK                             | CUSIP: 892331315<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |    474600 | NS      | $9675729.24   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICHARM CORP                         | UNICHARM CORP COMMON STOCK                                 | CUSIP: 904998101<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |    387400 | NS      | $2396912.05   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                         | UNICREDIT SPA COMMON STOCK                                 | CUSIP: 904IT9990<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    242876 | NS      | $17984149.14  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| UNILEVER PLC                          | UNILEVER PLC COMMON STOCK GBP.00031111                     | CUSIP: 904767993<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    234712 | NS      | $14083734.76  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD              | UNITED OVERSEAS BANK LTD COMMON STOCK                      | CUSIP: 9112SG991<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    199793 | NS      | $5313984.65   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| VINCI SA                              | VINCI SA COMMON STOCK EUR2.5                               | CUSIP: 927FR9991<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     50589 | NS      | $6764571.31   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| WAREHOUSES DE PAUW SCA                | WAREHOUSES DE PAUW SCA REIT                                | CUSIP: BE5710361<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |    108713 | NS      | $2760731.73   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                  | WESTPAC BANKING CORP COMMON STOCK                          | CUSIP: 955999990<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |     99354 | NS      | $2514099.73   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| WISE PLC - A                          | WISE PLC   A COMMON STOCK GBP.01                           | CUSIP: TC3QWY4P5<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    169757 | NS      | $2158634.78   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-04

**Name of Applicant:** T. Rowe Price Exchange-Traded Funds, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President