# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-002583
**Filing Date:** 2026-2
**Character Count:** 40543
**Document Hash:** b61da67a29e50667a76c0283c91c7c09
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002583.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001099263-26-002583

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**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:** 26686629

**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 Health Care ETF (Series ID: S000092023)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000259933 | T. Rowe Price Health Care ETF | TMED            |

## 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 Health Care ETF

- **b. EDGAR series identifier (if any):** S000092023

- **c. LEI of Series:** 254900CNTFK0LMKYHJ19

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $16374721.72

**Total Liabilities:** $51890.29

**Net Assets:** $16322831.43

**Cash Not Reported:** $80.14

**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 C000259933 | 7.35%                | 6.18%                | -1.81%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $278145.60               | $733042.40                                 |
| Month 2  | $602780.21               | $290253.35                                 |
| Month 3  | $489758.41               | $-722695.34                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBOTT LABORATORIES               | ABBOTT LABORATORIES COMMON STOCK                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      6024 | NS      | $754746.96    | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                        | ABBVIE INC COMMON STOCK USD.01                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2652 | NS      | $605955.48    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIVAX SA-ADR                     | ABIVAX SA ADR ADR EUR.01                                   | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |       452 | NS      | $60954.46     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAPTIVE BIOTECHNOLOGIES          | ADAPTIVE BIOTECHNOLOGIES COMMON STOCK USD.0001             | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |      3128 | NS      | $50798.72     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES INC          | AGILENT TECHNOLOGIES INC COMMON STOCK USD.01               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      1466 | NS      | $199478.62    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AGIOS PHARMACEUTICALS INC         | AGIOS PHARMACEUTICALS INC COMMON STOCK USD.001             | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |       892 | NS      | $24280.24     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                         | ALCON INC COMMON STOCK CHF.04                              | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |       721 | NS      | $56822.01     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY INC              | ALIGN TECHNOLOGY INC COMMON STOCK USD.0001                 | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       394 | NS      | $61523.10     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGNMENT HEALTHCARE INC          | ALIGNMENT HEALTHCARE INC COMMON STOCK USD.001              | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3041 | NS      | $60059.75     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKERMES PLC                      | ALKERMES PLC COMMON STOCK USD.01                           | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      2079 | NS      | $58170.42     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AMYLYX PHARMACEUTICALS INC        | AMYLYX PHARMACEUTICALS INC COMMON STOCK USD.0001           | CUSIP: 03237H101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4156 | NS      | $50204.48     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| APELLIS PHARMACEUTICALS INC       | APELLIS PHARMACEUTICALS INC COMMON STOCK USD.0001          | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      1974 | NS      | $49586.88     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE THERAPEUTICS INC           | APOGEE THERAPEUTICS INC COMMON STOCK USD.00001             | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1295 | NS      | $97746.60     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED THERAPEUTICS INC          | APPLIED THERAPEUTICS INC COMMON STOCK USD.0001             | CUSIP: 03828A101<br>LEI: 549300KL3IJPHZM2GR04 | Long             | EC               | CORP              | US        |    153622 | NS      | $15362.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCELLX INC                       | ARCELLX INC COMMON STOCK USD.001                           | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3489 | NS      | $227482.80    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCUS BIOSCIENCES INC             | ARCUS BIOSCIENCES INC COMMON STOCK USD.0001                | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1625 | NS      | $38723.75     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S - ADR         | ASCENDIS PHARMA A/S   ADR ADR DKK1.0                       | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |       923 | NS      | $196820.52    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR         | ASTRAZENECA PLC SPONS ADR ADR                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       694 | NS      | $63799.42     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Atai Beckley NV                   | ATAIBECKLEY INC COMMON STOCK EUR.16                        | CUSIP: N0731H103<br>LEI: 391200Z8UWPJSNBNCA11 | Long             | EC               | CORP              | NL        |      3070 | NS      | $12556.30     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALO THERAPEUTICS INC            | AVALO THERAPEUTICS INC COMMON STOCK USD.001                | CUSIP: 05338F306<br>LEI: 549300GPK6FPJ3X8SZ39 | Long             | EC               | CORP              | US        |      3386 | NS      | $61489.76     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON AND CO           | BECTON DICKINSON AND CO COMMON STOCK USD1.0                | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2189 | NS      | $424819.23    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BICARA THERAPEUTICS INC           | BICARA THERAPEUTICS INC COMMON STOCK USD.0001              | CUSIP: 055477103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3129 | NS      | $52661.07     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BILLIONTOONE INC CL A             | BILLIONTOONE INC CL A COMMON STOCK USD.00001               | CUSIP: 090168105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       142 | NS      | $11621.28     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC                        | BIOGEN INC COMMON STOCK USD.0005                           | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      1358 | NS      | $238994.42    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BIONTECH SE-ADR                   | BIONTECH SE ADR ADR                                        | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |      1686 | NS      | $160507.20    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK DIAMOND THERAPEUTICS I      | BLACK DIAMOND THERAPEUTICS I COMMON STOCK                  | CUSIP: 09203E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13151 | NS      | $31956.93     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUKER CORP                       | BRUKER CORP COMMON STOCK USD.01                            | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |      1439 | NS      | $67791.29     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CABALETTA BIO INC                 | CABALETTA BIO INC COMMON STOCK USD.00001                   | CUSIP: 12674W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37423 | NS      | $81956.37     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CARIS LIFE SCIENCES INC           | CARIS LIFE SCIENCES INC COMMON STOCK USD.001               | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |      2097 | NS      | $56577.06     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                       | CENCORA INC COMMON STOCK USD.01                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       801 | NS      | $270537.75    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTESSA PHARMACEUTICALS-ADR      | CENTESSA PHARMACEUTICALS ADR ADR USD.0001                  | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |      1526 | NS      | $38165.26     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CG ONCOLOGY INC                   | CG ONCOLOGY INC COMMON STOCK                               | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1242 | NS      | $51567.84     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | CONTRA 89BIO INC COMMON STOCK                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2477 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| METSERA INC CVR                   | CONTRA METSERA INC COMMON STOCK                            | CUSIP: 592CVR013<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1892 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COOPER COS INC/THE                | COOPER COS INC/THE COMMON STOCK USD.1                      | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      2120 | NS      | $173755.20    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR THERAPEUTICS AG            | CRISPR THERAPEUTICS AG COMMON STOCK CHF.03                 | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |      1034 | NS      | $54222.96     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                   | CVS HEALTH CORP COMMON STOCK USD.01                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3034 | NS      | $240778.24    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBIN INC                         | CYBIN INC COMMON STOCK                                     | CUSIP: 23256X407<br>LEI: 549300NTYWN4CVYSCN32 | Long             | EC               | CORP              | CA        |      1469 | NS      | $12016.42     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS INC                  | CYTOKINETICS INC COMMON STOCK USD.001                      | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      6343 | NS      | $403034.22    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                      | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2226 | NS      | $509575.92    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DENALI THERAPEUTICS INC           | DENALI THERAPEUTICS INC COMMON STOCK USD.01                | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |      4723 | NS      | $77976.73     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC                        | DEXCOM INC COMMON STOCK USD.001                            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      2645 | NS      | $175548.65    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNE THERAPEUTICS INC             | DYNE THERAPEUTICS INC COMMON STOCK USD.0001                | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11549 | NS      | $225898.44    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EDWARDS LIFESCIENCES CORP         | EDWARDS LIFESCIENCES CORP COMMON STOCK USD1.0              | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      1929 | NS      | $164447.25    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC          | ELANCO ANIMAL HEALTH INC COMMON STOCK                      | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     17214 | NS      | $389552.82    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                    | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2253 | NS      | $2421254.04   | 14.83%            |  |  |  | No            |                  1 | On Loan: No      |
| ERASCA INC                        | ERASCA INC COMMON STOCK USD.0001                           | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24274 | NS      | $90299.28     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC    | GE HEALTHCARE TECHNOLOGY COMMON STOCK USD.01               | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |       549 | NS      | $45028.98     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GENEDX HOLDINGS CORP              | GENEDX HOLDINGS CORP COMMON STOCK USD.0001                 | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       189 | NS      | $24581.34     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC               | GILEAD SCIENCES INC COMMON STOCK USD.001                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      5152 | NS      | $632356.48    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                        | HUMANA INC COMMON STOCK USD.1666666                        | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       739 | NS      | $189280.07    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMATICS NV                       | IMMATICS NV COMMON STOCK                                   | CUSIP: N44445109<br>LEI: 984500DC691EZ96AF394 | Long             | EC               | CORP              | NL        |     14885 | NS      | $156292.50    | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| IMMUNOCORE HOLDINGS PLC-ADR       | IMMUNOCORE HOLDINGS PLC ADR ADR GBP.0001                   | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             | EC               | CORP              | GB        |      2047 | NS      | $71051.37     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMUNOME INC                      | IMMUNOME INC COMMON STOCK USD.0001                         | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6409 | NS      | $137665.32    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMUNOVANT INC                    | IMMUNOVANT INC COMMON STOCK USD.0001                       | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2263 | NS      | $57525.46     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORP                       | INCYTE CORP COMMON STOCK USD.001                           | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       652 | NS      | $64398.04     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORP                      | INSULET CORP COMMON STOCK USD.001                          | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       313 | NS      | $88967.12     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC            | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1079 | NS      | $611102.44    | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS INC         | IONIS PHARMACEUTICALS INC COMMON STOCK USD.001             | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      1342 | NS      | $106165.62    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JANUX THERAPEUTICS INC            | JANUX THERAPEUTICS INC COMMON STOCK USD.001                | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1726 | NS      | $23818.80     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | JASPER THERA WTS 3/30 TC8U3IZJ8                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5370 | NS      | $5510.16      | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| JASPER THERAPEUTICS INC           | JASPER THERAPEUTICS INC COMMON STOCK                       | CUSIP: 471871202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4635 | NS      | $8482.05      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KARYOPHARM THERAPEUTICS INC       | KARYOPHARM THERAPEUTICS INC COMMON STOCK USD.0001          | CUSIP: 48576U205<br>LEI: 549300J1VANRCNTYST87 | Long             | EC               | CORP              | US        |      7190 | NS      | $52918.40     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | KARYOPHARM WTS 10.28 TC4ZZLSW8                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3159 | NS      | $11114.94     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KODIAK SCIENCES INC               | KODIAK SCIENCES INC COMMON STOCK USD.0001                  | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |      2146 | NS      | $60002.16     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KYMERA THERAPEUTICS INC           | KYMERA THERAPEUTICS INC COMMON STOCK USD.0001              | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       146 | NS      | $11360.26     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLIGHT THERAPEUTICS INC         | MAPLIGHT THERAPEUTICS INC COMMON STOCK USD.0001            | CUSIP: 56565P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4294 | NS      | $75424.11     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MASIMO CORP                       | MASIMO CORP COMMON STOCK USD.001                           | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |       439 | NS      | $57096.34     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                     | MCKESSON CORP COMMON STOCK USD.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       215 | NS      | $176362.35    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE INC-CL A                  | MEDLINE INC CL A COMMON STOCK USD.0001                     | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |      1045 | NS      | $43890.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                     | MEDTRONIC PLC COMMON STOCK USD.1                           | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      3112 | NS      | $298938.72    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL      | METTLER TOLEDO INTERNATIONAL COMMON STOCK USD.01           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       125 | NS      | $174273.75    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA THERAPEUTICS INC          | MODERNA INC COMMON STOCK USD.0001                          | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |       980 | NS      | $28900.20     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC             | MOLINA HEALTHCARE INC COMMON STOCK USD.001                 | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       890 | NS      | $154450.60    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MOONLAKE IMMUNOTHERAPEUTICS       | MOONLAKE IMMUNOTHERAPEUTICS COMMON STOCK USD.0001          | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3557 | NS      | $46881.26     | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| NOVO-NORDISK A/S-SPONS ADR        | NOVO NORDISK A/S SPONS ADR ADR                             | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |       802 | NS      | $40805.76     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVOCURE LTD                      | NOVOCURE LTD COMMON STOCK                                  | CUSIP: G6674U108<br>LEI: 213800YPP55UMHWA4826 | Long             | EC               | CORP              | JE        |      3143 | NS      | $40638.99     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NURIX THERAPEUTICS INC            | NURIX THERAPEUTICS INC COMMON STOCK                        | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       508 | NS      | $9636.76      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OSCAR HEALTH INC - CLASS A        | OSCAR HEALTH INC   CLASS A COMMON STOCK USD.00001          | CUSIP: 687793109<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | EC               | CORP              | US        |      2484 | NS      | $35695.08     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA INC                      | PENUMBRA INC COMMON STOCK USD.001                          | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       199 | NS      | $61871.09     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIME MEDICINE INC                | PRIME MEDICINE INC COMMON STOCK USD.00001                  | CUSIP: 74168J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11459 | NS      | $39762.73     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BIOROBOTICS CORP          | PROCEPT BIOROBOTICS CORP COMMON STOCK USD.00001            | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       901 | NS      | $28345.46     | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| RAPPORT THERAPEUTICS INC          | RAPPORT THERAPEUTICS INC COMMON STOCK USD.001              | CUSIP: 75383L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1821 | NS      | $55249.14     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORP                     | REPLIGEN CORP COMMON STOCK USD.01                          | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |       566 | NS      | $92744.76     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION MEDICINES INC          | REVOLUTION MEDICINES INC COMMON STOCK                      | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |       212 | NS      | $16885.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ROIVANT SCIENCES LTD              | ROIVANT SCIENCES LTD COMMON STOCK USD.0000001              | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |      1982 | NS      | $43009.40     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI ADR                        | SANOFI ADR ADR                                             | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      3108 | NS      | $150613.68    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SAREPTA THERAPEUTICS INC          | SAREPTA THERAPEUTICS INC COMMON STOCK USD.0001             | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      3464 | NS      | $74545.28     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SARTORIUS AG-VORZUG PREF          | SARTORIUS AG VORZUG PREFERENCE                             | CUSIP: DE5843327<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |        58 | NS      | $16701.93     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHRODINGER INC                   | SCHRODINGER INC COMMON STOCK USD.01                        | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |      1033 | NS      | $18470.04     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SHATTUCK LABS INC                 | SHATTUCK LABS INC COMMON STOCK USD.0001                    | CUSIP: 82024L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18643 | NS      | $68046.95     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLENO THERAPEUTICS INC           | SOLENO THERAPEUTICS INC COMMON STOCK USD.001               | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |       484 | NS      | $22409.20     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORP                    | SOLVENTUM CORP COMMON STOCK                                | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |       511 | NS      | $40491.64     | 0.25%             |  |  |  | No            |                  1 | 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        |     32230 | NS      | $32230.37     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                        | STERIS PLC COMMON STOCK USD75.0                            | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       232 | NS      | $58816.64     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| STEVANATO GROUP SPA               | STEVANATO GROUP SPA COMMON STOCK                           | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |      3184 | NS      | $64062.08     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                      | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       924 | NS      | $324758.28    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT THERAPEUTICS INC           | SUMMIT THERAPEUTICS INC COMMON STOCK USD.01                | CUSIP: 86627T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1873 | NS      | $32758.77     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TANGO THERAPEUTICS INC            | TANGO THERAPEUTICS INC COMMON STOCK USD.0001               | CUSIP: 87583X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       865 | NS      | $7663.90      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC      | THERMO FISHER SCIENTIFIC INC COMMON STOCK USD1.0           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1039 | NS      | $602048.55    | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GRS - SECURITY LENDING COLLATERAL | TREASURY RESERVE FUND - Collateral                         | CUSIP: 76105YYY9<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | STIV             | RF                | US        |     45820 | NS      | $45820.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC            | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3611 | NS      | $1192027.21   | 7.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VAXCYTE INC                       | VAXCYTE INC COMMON STOCK USD.001                           | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |      3203 | NS      | $147786.42    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WATERS CORP                       | WATERS CORP COMMON STOCK USD.01                            | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       411 | NS      | $156110.13    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST PHARMACEUTICAL SERVICES      | WEST PHARMACEUTICAL SERVICES COMMON STOCK USD.25           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       556 | NS      | $152977.84    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| XENON PHARMACEUTICALS INC         | XENON PHARMACEUTICALS INC COMMON STOCK                     | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |      1333 | NS      | $59745.06     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| YPSOMED HOLDING AG-REG            | YPSOMED HOLDING AG REG COMMON STOCK CHF14.15               | CUSIP: CH02SWN84<br>LEI: 391200QLIOTTBNPNSI14 | Long             | EC               | CORP              | CH        |       120 | NS      | $49368.80     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-04

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President