# EDGAR Filing Document

**Accession Number:** 0001019286
**File Stem:** 0001099263-25-003650
**Filing Date:** 2025-11
**Character Count:** 40147
**Document Hash:** cbdaa384e5683b272ca2f1ec1603edaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-003650.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001099263-25-003650

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Financial Services Fund, Inc.
- **CENTRAL INDEX KEY:** 0001019286

**ORGANIZATION NAME:**
- **EIN:** 522024849
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07749
- **FILM NUMBER:** 251521963

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE FINANCIAL SERVICES FUND INC
- **DATE OF NAME CHANGE:** 19960720

## Series and Classes Contracts Data

### T. Rowe Price Financial Services Fund, Inc. (Series ID: S000002084)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000005450 | T. Rowe Price Financial Services Fund, Inc.    | PRISX           |
| C000177205 | T. Rowe Price Financial Services Fund--I Class | TFIFX           |

## 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 FINANCIAL SERVICES FUND, INC.

- **b. Investment Company Act file number:** 811-07749

- **c. CIK number of Registrant:** 0001019286

- **d. LEI of Registrant:** 549300G1KHUY9LO6U864

- **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 Financial Services Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002084

- **c. LEI of Series:** OT887USWRRG6914YF055

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $2120187065.18

**Total Liabilities:** $5157761.55

**Net Assets:** $2115029303.63

**Assets Attributable to Miscellaneous Securities:** $15862858.42

**Cash Not Reported:** $93374.16

**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 C000005450 | 0.54%                | 3.77%                | -0.47%               |
| Class ID C000177205 | 0.56%                | 3.77%                | -0.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5868083.08              | $4641433.05                                |
| Month 2  | $16760647.54             | $57537681.41                               |
| Month 3  | $14379418.15             | $-26587607.96                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AFFILIATED MANAGERS GROUP                   | AFFILIATED MANAGERS GROUP INC                      | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     74300 | NS      | $17715349.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                               | ALLSTATE CORP/THE                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    178621 | NS      | $38340997.65  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                         | AMERICAN EXPRESS CO                                | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     81700 | NS      | $27137472.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP                | AMERICAN INTERNATIONAL GROUP INC                   | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    405617 | NS      | $31857159.18  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL INC                    | AMERIPRISE FINANCIAL INC                           | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     34100 | NS      | $16751625.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                | APOLLO GLOBAL MANAGEMENT INC                       | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    188300 | NS      | $25094741.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                      | ARCH CAPITAL GROUP LTD                             | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     63143 | NS      | $5728964.39   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                        | ARES MANAGEMENT CORP                               | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     79500 | NS      | $12711255.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ATEGRITY SPECIALTY HOLDINGS                 | ATEGRITY SPECIALTY HOLDINGS LLC                    | CUSIP: 04681Y103<br>LEI: 549300KMIVG4HUBDUF07 | Long             | EC               | CORP              | US        |    178129 | NS      | $3521610.33   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LTD                   | AXIS CAPITAL HOLDINGS LTD                          | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |    210552 | NS      | $20170881.60  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                        | BANK OF AMERICA CORP                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   2206300 | NS      | $113823017.00 | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG GROUP AG                              | BAWAG GROUP AG                                     | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     62802 | NS      | $8279379.25   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY INC-CL B                 | BERKSHIRE HATHAWAY INC                             | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     90497 | NS      | $45496461.78  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                               | BLACKROCK INC                                      | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     10273 | NS      | $11976982.51  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                   | BLOCK INC                                          | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    153200 | NS      | $11071764.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                  | CAPITAL ONE FINANCIAL CORP                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    336718 | NS      | $71579512.44  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC                     | CBOE GLOBAL MARKETS INC                            | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     19306 | NS      | $4734796.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP                       | CHARLES SCHWAB CORP/THE                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    850144 | NS      | $81163247.68  | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIME FINANCIAL INC-CL A                    | CHIME FINANCIAL INC                                | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82029 | NS      | $1654524.93   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                                   | CHUBB LTD                                          | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    185907 | NS      | $52472250.75  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                               | CITIGROUP INC                                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    827500 | NS      | $83991250.00  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                               | CME GROUP INC                                      | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     25954 | NS      | $7012511.26   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COALITION SER E CVT PFD STOCK PP            | COALITION SER E CVT PFD STOCK PP                   | CUSIP: TC8G0GXC3<br>LEI: 894500FW05DWOXSEQ527 | Long             | EP               | CORP              | US        |    133551 | NS      | $977593.32    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COLUMBIA BANKING SYSTEM INC                 | COLUMBIA BANKING SYSTEM INC                        | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    404329 | NS      | $10407428.46  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                    | COREBRIDGE FINANCIAL INC                           | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    446288 | NS      | $14303530.40  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                                  | CORPAY INC                                         | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     28100 | NS      | $8094486.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DEFINITY FINANCIAL CORP LOCKUP SHS          | DEFINITY FINANCIAL CORP                            | CUSIP: 24477T407<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |     14643 | NS      | $714983.90    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EAST WEST BANCORP INC                       | EAST WEST BANCORP INC                              | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |    251500 | NS      | $26772175.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                                 | EQUIFAX INC                                        | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     27400 | NS      | $7028922.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                      | EQUITABLE HOLDINGS INC                             | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    397550 | NS      | $20187589.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENT GROUP LTD                            | ESSENT GROUP LTD                                   | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |     63500 | NS      | $4036060.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ETORO GROUP LTD-A                           | ETORO GROUP LTD                                    | CUSIP: 000000000<br>LEI: 213800XPRPJK2X5QRG86 | Long             | EC               | CORP              | VG        |    107952 | NS      | $4455179.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                           | EVEREST GROUP LTD                                  | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     20941 | NS      | $7334166.43   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERQUOTE INC - CLASS A                     | EVERQUOTE INC                                      | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180000 | NS      | $4116600.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                                  | FISERV INC                                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    154500 | NS      | $19919685.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR FINANCIAL INC                      | FLAGSTAR BANK NA                                   | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    345666 | NS      | $3992442.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FULTON FINANCIAL CORP                       | FULTON FINANCIAL CORP                              | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    540900 | NS      | $10076967.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | GLOBAL PAYMENTS INC                                | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    126000 | NS      | $10468080.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | GOLDMAN SACHS GROUP INC/THE                        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     97200 | NS      | $77405220.00  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallop Holdings LP - Ascot Group PP         | Gallop Holdings LP - Ascot Group PP                | CUSIP: TC4AKPAK5<br>LEI: 213800DJV7WRJBE2II28 | Long             | EC               | CORP              | US        |  12263172 | NS      | $14347911.24  | 0.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HANOVER INSURANCE GROUP INC/                | HANOVER INSURANCE GROUP INC/THE                    | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     28167 | NS      | $5115972.21   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC/T              | HARTFORD INSURANCE GROUP INC/THE                   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    183679 | NS      | $24500941.81  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                   | HUNTINGTON BANCSHARES INC/OH                       | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    152399 | NS      | $2631930.73   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iCapital Inc Common Stock PP                | ICAPITAL INC COMMON STOCK PP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    662238 | NS      | $9271133.33   | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC               | INTERCONTINENTAL EXCHANGE INC                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    228181 | NS      | $38443934.88  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO LTD                                 | INVESCO LTD                                        | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |    774500 | NS      | $17767030.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES RIVER GROUP HOLDINGS LTD              | JAMES RIVER GROUP HOLDINGS LTD                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    962286 | NS      | $5340687.30   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN CHASE & CO.                     | JPMORGAN CHASE & CO                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    316100 | NS      | $99707423.00  | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORP                                 | KEMPER CORP                                        | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     60681 | NS      | $3128105.55   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                                | KKR & CO INC                                       | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    211100 | NS      | $27432445.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FINANCE TRUS                | KKR REAL ESTATE FINANCE TRUST INC                  | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    437000 | NS      | $3933000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KLARNA GROUP PLC                            | KLARNA GROUP PLC                                   | CUSIP: 000000000<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |     30121 | NS      | $1103934.65   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LENDINGCLUB CORP                            | LENDINGCLUB CORP                                   | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |    778200 | NS      | $11820858.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS                        | MARSH & MCLENNAN COS INC                           | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    196964 | NS      | $39694154.92  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A                          | MASTERCARD INC                                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    143982 | NS      | $81898401.42  | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                 | METLIFE INC                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    424528 | NS      | $34968371.36  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MIAMI INTERNATIONAL HOLDINGS                | MIAMI INTERNATIONAL HOLDINGS INC                   | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |    116371 | NS      | $4685096.46   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                              | MORGAN STANLEY                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    290213 | NS      | $46132258.48  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MR COOPER GROUP INC                         | MR COOPER GROUP INC                                | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     75300 | NS      | $15872487.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                         | NORTHERN TRUST CORP                                | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     80600 | NS      | $10848760.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR FINANCIAL INC WTS 3/31 PP          | New York Community Bancorp Wts 03/31               | CUSIP: 000000000<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |       622 | NS      | $1402230.28   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ONEMAIN HOLDINGS INC                        | ONEMAIN HOLDINGS INC                               | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     90100 | NS      | $5087046.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC                         | PAYPAL HOLDINGS INC                                | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    197600 | NS      | $13251056.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES                 | PENNYMAC FINANCIAL SERVICES INC                    | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |    127424 | NS      | $15785285.12  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP                | PNC FINANCIAL SERVICES GROUP INC/THE               | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    134900 | NS      | $27105457.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| POPULAR INC                                 | POPULAR INC                                        | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    191126 | NS      | $24274913.26  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                            | PROGRESSIVE CORP/THE                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    112103 | NS      | $27683835.85  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL INC                 | RAYMOND JAMES FINANCIAL INC                        | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     80900 | NS      | $13963340.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP                      | REGIONS FINANCIAL CORP                             | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    954100 | NS      | $25159617.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA                | REINSURANCE GROUP OF AMERICA INC                   | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     22800 | NS      | $4380564.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                  | RENAISSANCERE HOLDINGS LTD                         | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     88980 | NS      | $22594691.40  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                          | RITHM CAPITAL CORP                                 | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    402500 | NS      | $4584475.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC - A                   | ROBINHOOD MARKETS INC                              | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     35600 | NS      | $5097208.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                              | S&P GLOBAL INC                                     | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     47800 | NS      | $23264738.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFETY INSURANCE GROUP INC                  | SAFETY INSURANCE GROUP INC                         | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |    142161 | NS      | $10049361.09  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP                   | SELECTIVE INSURANCE GROUP INC                      | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     45657 | NS      | $3701412.99   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUSPOINT LTD                             | SIRIUSPOINT LTD                                    | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |     97212 | NS      | $1758565.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                                    | SLM CORP                                           | CUSIP: 78442P106<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    263600 | NS      | $7296448.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTSTOP SELF STORAGE REIT                 | SMARTSTOP SELF STORAGE REIT INC                    | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |    138610 | NS      | $5217280.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| STATE STREET CORP                           | STATE STREET CORP                                  | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    396775 | NS      | $46029867.75  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| STEPSTONE GROUP INC-CLASS A                 | STEPSTONE GROUP INC                                | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    308900 | NS      | $20174259.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP                       | STIFEL FINANCIAL CORP                              | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    128200 | NS      | $14546854.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| STONEX GROUP INC                            | STONEX GROUP INC                                   | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     81400 | NS      | $8214888.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                         | SYNCHRONY FINANCIAL                                | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    220816 | NS      | $15688976.80  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                      | SYNOVUS FINANCIAL CORP                             | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     49200 | NS      | $2414736.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund       | T. Rowe Price Government Reserve Fund              | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |  32586092 | NS      | $32586091.57  | 1.54%             |  |  |  | No            |                  1 | 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        |   3792980 | NS      | $3792980.27   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG INC                                     | TPG INC                                            | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |    141738 | NS      | $8142848.10   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE                       | TRAVELERS COS INC/THE                              | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     24021 | NS      | $6707143.62   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC                         | TRINITY CAPITAL INC                                | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |    156600 | NS      | $2424168.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| TRUMID HLDGS LLC J-A CVT PFD TAX BLOCKER PP | TRUMID HLDGS LLC J-A CVT PFD                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       712 | NS      | $317222.63    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRUMID HLDGS LLC J-B CVT PFD TAX BLOCKER PP | TRUMID HLDGS LLC J-B CVT PFD                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       712 | NS      | $317222.63    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRUMID HLDGS SR L CVT PFD TAX BLOCKER PP    | TRUMID HLDGS SR L CVT PFD TAX BLOCKER PP           | CUSIP: TC7ISN1K2<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       961 | NS      | $428461.85    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UBS GROUP AG-REG                            | UBS GROUP AG                                       | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    176038 | NS      | $7237547.77   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| UMB FINANCIAL CORP                          | UMB FINANCIAL CORP                                 | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    149600 | NS      | $17705160.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                  | US BANCORP                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    750400 | NS      | $36266832.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTUS INVESTMENT PARTNERS                  | VIRTUS INVESTMENT PARTNERS INC                     | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      4700 | NS      | $893141.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES                     | VISA INC                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    231072 | NS      | $78883359.36  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC                          | VOYA FINANCIAL INC                                 | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    296719 | NS      | $22194581.20  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORP                      | WEBSTER FINANCIAL CORP                             | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    496617 | NS      | $29518914.48  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                            | WELLS FARGO & CO                                   | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    599641 | NS      | $50261908.62  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORP                    | WESTERN ALLIANCE BANCORP                           | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    320961 | NS      | $27833737.92  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PLC                    | WILLIS TOWERS WATSON PLC                           | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     55753 | NS      | $19259873.85  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS FINANCIAL CORP                         | WSFS FINANCIAL CORP                                | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     16900 | NS      | $911417.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-05

**Name of Applicant:** T. ROWE PRICE FINANCIAL SERVICES FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President