# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-006636
**Filing Date:** 2026-5
**Character Count:** 121955
**Document Hash:** 8d908621e536a137162de4a077b96098
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-006636.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001099263-26-006636

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261035320

**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 Innovation Leaders ETF (Series ID: S000095887)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000264669 | T. Rowe Price Innovation Leaders ETF | TNXT            |

## Nport-Ex

T. ROWE PRICE INNOVATION LEADERS ETF

------

March 31, 2026 Unaudited

---

| | | |
|:---|:---|:---|
| **PORTFOLIO OF INVESTMENTS‡** | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| **ARGENTINA 0.4%** | **ARGENTINA 0.4%** | **ARGENTINA 0.4%** |
| **Common Stocks 0.4%** |  |  |
| MercadoLibre (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;57 |
| **Total Argentina (Cost $74)** |  | &nbsp;&nbsp;&nbsp;**57** |
| **AUSTRALIA 0.0%** | **AUSTRALIA 0.0%** | **AUSTRALIA 0.0%** |
| **Common Stocks 0.0%** |  |  |
| Xero (1) | &nbsp;&nbsp;&nbsp;&nbsp;137 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Total Australia (Cost $9)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**7** |
| **BELGIUM 0.2%** | **BELGIUM 0.2%** | **BELGIUM 0.2%** |
| **Common Stocks 0.2%** |  |  |
| UCB | &nbsp;&nbsp;&nbsp;&nbsp;102 | &nbsp;&nbsp;&nbsp;31 |
| **Total Belgium (Cost $31)** |  | &nbsp;&nbsp;&nbsp;**31** |
| **BRAZIL 0.6%** | **BRAZIL 0.6%** | **BRAZIL 0.6%** |
| **Common Stocks 0.6%** |  |  |
| NU Holdings, Class A (USD) (1) | 4703 | &nbsp;&nbsp;&nbsp;68 |
| XP, Class A (USD) | &nbsp;&nbsp;&nbsp;&nbsp;841 | &nbsp;&nbsp;&nbsp;16 |
| **Total Brazil (Cost $104)** |  | &nbsp;&nbsp;&nbsp;**84** |
| **CANADA 0.7%** | **CANADA 0.7%** | **CANADA 0.7%** |
| **Common Stocks 0.7%** |  |  |
| Celestica (1) | &nbsp;&nbsp;&nbsp;&nbsp;71 | &nbsp;&nbsp;&nbsp;20 |
| Element Fleet Management | &nbsp;&nbsp;&nbsp;&nbsp;998 | &nbsp;&nbsp;&nbsp;22 |
| Shopify, Class A (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;&nbsp;52 |
| TMX Group | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;10 |
| **Total Canada (Cost $115)** |  | **104** |
| **CHINA 1.4%** | **CHINA 1.4%** | **CHINA 1.4%** |
| **Common Stocks 1.4%** |  |  |
| Alibaba Group Holding, ADR (USD) | &nbsp;&nbsp;&nbsp;&nbsp;518 | &nbsp;&nbsp;&nbsp;65 |
| BeOne Medicines, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;&nbsp;9 |
| BeOne Medicines, Class H (HKD) (1) | 3900 | &nbsp;&nbsp;&nbsp;88 |
| Tencent Holdings (HKD) | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;50 |
| **Total China (Cost $268)** |  | **212** |
| **DENMARK 1.0%** | **DENMARK 1.0%** | **DENMARK 1.0%** |
| **Common Stocks 1.0%** |  |  |
| Ascendis Pharma, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;464 | 106 |
| Novo Nordisk, ADR (USD) | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;11 |
| Novo Nordisk, Class B | &nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;18 |
| Novonesis Novozymes B, Class B | &nbsp;&nbsp;&nbsp;&nbsp;352 | &nbsp;&nbsp;&nbsp;21 |
| **Total Denmark (Cost $160)** |  | **156** |
| **FINLAND 0.5%** | **FINLAND 0.5%** | **FINLAND 0.5%** |
| **Common Stocks 0.5%** |  |  |
| Fortum | 1699 | &nbsp;&nbsp;&nbsp;43 |

---

------

T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| Neste | &nbsp;&nbsp;&nbsp;1228 | &nbsp;&nbsp;&nbsp;40 |
| **Total Finland (Cost $71)** |  | &nbsp;&nbsp;&nbsp;**83** |
| **FRANCE 0.6%** | **FRANCE 0.6%** | **FRANCE 0.6%** |
| **Common Stocks 0.6%** |  |  |
| Abivax, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;29 |
| Airbus | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;18 |
| Euronext | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;12 |
| Safran | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;25 |
| Sensorion (1) | 10232 | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| **Total France (Cost $98)** |  | &nbsp;&nbsp;&nbsp;**89** |
| **GERMANY 1.8%** | **GERMANY 1.8%** | **GERMANY 1.8%** |
| **Common Stocks 1.8%** |  |  |
| Deutsche Boerse | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;56 |
| flatexDEGIRO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503 | &nbsp;&nbsp;&nbsp;17 |
| Infineon Technologies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;26 |
| Infineon Technologies, ADR (USD) | &nbsp;&nbsp;&nbsp;1732 | &nbsp;&nbsp;&nbsp;78 |
| Merck | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;33 |
| SAP, ADR (USD) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;42 |
| Siemens Healthineers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621 | &nbsp;&nbsp;&nbsp;27 |
| **Total Germany (Cost $315)** |  | **279** |
| **INDIA 0.1%** | **INDIA 0.1%** | **INDIA 0.1%** |
| **Common Stocks 0.1%** |  |  |
| ICICI Bank, ADR (USD) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422 | &nbsp;&nbsp;&nbsp;11 |
| **Total India (Cost $13)** |  | &nbsp;&nbsp;&nbsp;**11** |
| **ISRAEL 0.6%** | **ISRAEL 0.6%** | **ISRAEL 0.6%** |
| **Common Stocks 0.6%** |  |  |
| Global-e Online (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;22 |
| Teva Pharmaceutical Industries, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| Tower Semiconductor (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334 | &nbsp;&nbsp;&nbsp;59 |
| **Total Israel (Cost $82)** |  | &nbsp;&nbsp;&nbsp;**89** |
| **JAPAN 2.7%** | **JAPAN 2.7%** | **JAPAN 2.7%** |
| **Common Stocks 2.7%** |  |  |
| Ajinomoto | &nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;54 |
| Chugai Pharmaceutical | &nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;61 |
| Daiichi Sankyo | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;27 |
| Eisai | &nbsp;&nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;37 |
| Kioxia Holdings (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;13 |
| Mitsubishi Heavy Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;25 |
| Mitsubishi UFJ Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| Nintendo | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;40 |
| Renesas Electronics | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;40 |
| Shin-Etsu Chemical | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;41 |
| Tokyo Electron | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;25 |

---

------

T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| Toyota Motor | 1700 | &nbsp;&nbsp;&nbsp;35 |
| **Total Japan (Cost $431)** |  | **406** |
| **NETHERLANDS 3.8%** | **NETHERLANDS 3.8%** | **NETHERLANDS 3.8%** |
| **Common Stocks 3.8%** |  |  |
| Adyen (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64 | &nbsp;&nbsp;&nbsp;64 |
| Adyen, ADR (USD) (1) | 4896 | &nbsp;&nbsp;&nbsp;49 |
| Argenx, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;291 | 213 |
| ASM International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 | &nbsp;&nbsp;&nbsp;24 |
| ASML Holding (USD) | &nbsp;&nbsp;&nbsp;&nbsp;132 | 174 |
| BE Semiconductor Industries | &nbsp;&nbsp;&nbsp;&nbsp;184 | &nbsp;&nbsp;&nbsp;39 |
| Pharvaris (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;353 | &nbsp;&nbsp;&nbsp;10 |
| **Total Netherlands (Cost $676)** |  | **573** |
| **NORWAY 0.2%** | **NORWAY 0.2%** | **NORWAY 0.2%** |
| **Common Stocks 0.2%** |  |  |
| Kongsberg Gruppen | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;23 |
| **Total Norway (Cost $22)** |  | &nbsp;&nbsp;&nbsp;**23** |
| **SINGAPORE 0.5%** | **SINGAPORE 0.5%** | **SINGAPORE 0.5%** |
| **Common Stocks 0.5%** |  |  |
| Sea, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;76 |
| **Total Singapore (Cost $104)** |  | &nbsp;&nbsp;&nbsp;**76** |
| **SOUTH KOREA 0.3%** | **SOUTH KOREA 0.3%** | **SOUTH KOREA 0.3%** |
| **Common Stocks 0.3%** |  |  |
| SK Hynix | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;43 |
| **Total South Korea (Cost $46)** |  | &nbsp;&nbsp;&nbsp;**43** |
| **SWITZERLAND 0.1%** | **SWITZERLAND 0.1%** | **SWITZERLAND 0.1%** |
| **Common Stocks 0.1%** |  |  |
| Sonova Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;18 |
| **Total Switzerland (Cost $21)** |  | &nbsp;&nbsp;&nbsp;**18** |
| **TAIWAN 1.9%** | **TAIWAN 1.9%** | **TAIWAN 1.9%** |
| **Common Stocks 1.9%** |  |  |
| Taiwan Semiconductor Manufacturing, ADR (USD) | &nbsp;&nbsp;&nbsp;&nbsp;874 | 295 |
| **Total Taiwan (Cost $297)** |  | **295** |
| **UNITED KINGDOM 3.4%** | **UNITED KINGDOM 3.4%** | **UNITED KINGDOM 3.4%** |
| **Common Stocks 3.4%** |  |  |
| 3i Group | &nbsp;&nbsp;&nbsp;&nbsp;817 | &nbsp;&nbsp;&nbsp;27 |
| ARM Holdings, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;221 | &nbsp;&nbsp;&nbsp;33 |
| AstraZeneca (USD) | 1203 | 237 |
| BAE Systems | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;29 |
| Experian | &nbsp;&nbsp;&nbsp;&nbsp;864 | &nbsp;&nbsp;&nbsp;30 |
| Immucore Holdings, ADR (USD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;14 |
| Klarna Group (USD) (1) | 1099 | &nbsp;&nbsp;&nbsp;14 |
| London Stock Exchange Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 | &nbsp;&nbsp;&nbsp;11 |

---

------

T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| Marex Group (USD) | &nbsp;&nbsp;&nbsp;&nbsp;576 | &nbsp;&nbsp;&nbsp;26 |
| Rolls-Royce Holdings | 1439 | &nbsp;&nbsp;&nbsp;22 |
| Wise, Class A (1) | 6347 | &nbsp;&nbsp;&nbsp;76 |
| **Total United Kingdom (Cost $516)** |  | **519** |
| **UNITED STATES 78.9%** | **UNITED STATES 78.9%** | **UNITED STATES 78.9%** |
| **Common Stocks 78.9%** |  |  |
| Advanced Micro Devices (1) | 1159 | 236 |
| Affirm Holdings (1) | &nbsp;&nbsp;&nbsp;&nbsp;748 | &nbsp;&nbsp;&nbsp;34 |
| Alnylam Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;239 | &nbsp;&nbsp;&nbsp;79 |
| Alphabet, Class A | 1117 | 321 |
| Alphabet, Class C | 1078 | 309 |
| Alumis (1) | &nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;16 |
| Amazon.com (1) | 1869 | 389 |
| American Express | &nbsp;&nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;54 |
| Analog Devices | &nbsp;&nbsp;&nbsp;&nbsp;138 | &nbsp;&nbsp;&nbsp;44 |
| API Group (1) | &nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;33 |
| Apogee Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;331 | &nbsp;&nbsp;&nbsp;28 |
| Appfolio, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;181 | &nbsp;&nbsp;&nbsp;29 |
| Apple | 2765 | 702 |
| Applied Materials | &nbsp;&nbsp;&nbsp;&nbsp;286 | &nbsp;&nbsp;&nbsp;98 |
| AppLovin, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;251 | 100 |
| Arista Networks (1) | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;77 |
| Automatic Data Processing | &nbsp;&nbsp;&nbsp;&nbsp;193 | &nbsp;&nbsp;&nbsp;39 |
| Axon Enterprise (1) | &nbsp;&nbsp;&nbsp;&nbsp;192 | &nbsp;&nbsp;&nbsp;82 |
| Axsome Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;15 |
| Baker Hughes | &nbsp;&nbsp;&nbsp;&nbsp;928 | &nbsp;&nbsp;&nbsp;57 |
| Beam Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;758 | &nbsp;&nbsp;&nbsp;18 |
| Belite Bio, ADR (1) | &nbsp;&nbsp;&nbsp;&nbsp;117 | &nbsp;&nbsp;&nbsp;19 |
| Bicara Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| Bill Holdings (1) | &nbsp;&nbsp;&nbsp;&nbsp;469 | &nbsp;&nbsp;&nbsp;18 |
| Billiontoone, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;14 |
| Biohaven (1) | &nbsp;&nbsp;&nbsp;&nbsp;717 | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| Bio-Rad Laboratories, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| Block (1) | 2313 | 139 |
| Bridgebio Pharma (1) | &nbsp;&nbsp;&nbsp;&nbsp;441 | &nbsp;&nbsp;&nbsp;33 |
| BrightSpring Health Services (1) | 1596 | &nbsp;&nbsp;&nbsp;68 |
| Bristol-Myers Squibb | &nbsp;&nbsp;&nbsp;&nbsp;881 | &nbsp;&nbsp;&nbsp;53 |
| Broadcom | 1406 | 435 |
| Cadence Design Systems (1) | &nbsp;&nbsp;&nbsp;&nbsp;133 | &nbsp;&nbsp;&nbsp;37 |
| Capital One Financial | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;45 |
| Caris Life Sciences (1) | 1171 | &nbsp;&nbsp;&nbsp;21 |
| Caterpillar | &nbsp;&nbsp;&nbsp;&nbsp;170 | 120 |
| Cboe Global Markets | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;42 |
| CCC Intelligent Solutions Holdings (1) | 1657 | &nbsp;&nbsp;&nbsp;10 |
| Celcuity (1) | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;41 |
| Cencora | &nbsp;&nbsp;&nbsp;&nbsp;169 | &nbsp;&nbsp;&nbsp;53 |

---

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T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| Centessa Pharmaceuticals, ADR (1) | &nbsp;&nbsp;&nbsp;&nbsp;871 | &nbsp;&nbsp;&nbsp;35 |
| CG Oncology (1) | &nbsp;&nbsp;&nbsp;&nbsp;708 | &nbsp;&nbsp;&nbsp;48 |
| Chubb | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;12 |
| Ciena (1) | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;74 |
| Circle Internet Group (1) | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;38 |
| Cisco Systems | 1308 | 102 |
| CME Group | &nbsp;&nbsp;&nbsp;&nbsp;207 | &nbsp;&nbsp;&nbsp;61 |
| Coinbase Global, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;34 |
| Corebridge Financial | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;9 |
| Corpay (1) | &nbsp;&nbsp;&nbsp;&nbsp;350 | 102 |
| Corvus Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| Crinetics Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;26 |
| Crowdstrike Holdings, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;132 | &nbsp;&nbsp;&nbsp;52 |
| CVS Health | 1205 | &nbsp;&nbsp;&nbsp;87 |
| Cytokinetics (1) | &nbsp;&nbsp;&nbsp;&nbsp;376 | &nbsp;&nbsp;&nbsp;25 |
| Danaher | &nbsp;&nbsp;&nbsp;&nbsp;439 | &nbsp;&nbsp;&nbsp;83 |
| Datadog, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;398 | &nbsp;&nbsp;&nbsp;47 |
| Dianthus Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;302 | &nbsp;&nbsp;&nbsp;25 |
| Disc Medicine (1) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;12 |
| DoorDash, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;224 | &nbsp;&nbsp;&nbsp;34 |
| Eli Lilly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;91 |
| Entegris | &nbsp;&nbsp;&nbsp;&nbsp;314 | &nbsp;&nbsp;&nbsp;37 |
| Equifax | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;16 |
| Erasca (1) | &nbsp;&nbsp;&nbsp;&nbsp;661 | &nbsp;&nbsp;&nbsp;11 |
| Fair Isaac (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;22 |
| Fidelity National Information Services | &nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;13 |
| Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;171 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| First Advantage (1) | 2575 | &nbsp;&nbsp;&nbsp;30 |
| Fiserv (1) | &nbsp;&nbsp;&nbsp;&nbsp;463 | &nbsp;&nbsp;&nbsp;26 |
| Fortive | 1484 | &nbsp;&nbsp;&nbsp;82 |
| FTI Consulting (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87 | &nbsp;&nbsp;&nbsp;15 |
| Gilead Sciences | &nbsp;&nbsp;&nbsp;&nbsp;477 | &nbsp;&nbsp;&nbsp;66 |
| Global Payments | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;20 |
| Guardant Health (1) | &nbsp;&nbsp;&nbsp;&nbsp;582 | &nbsp;&nbsp;&nbsp;54 |
| HubSpot (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;13 |
| Immunome (1) | &nbsp;&nbsp;&nbsp;&nbsp;927 | &nbsp;&nbsp;&nbsp;20 |
| Incyte (1) | &nbsp;&nbsp;&nbsp;&nbsp;216 | &nbsp;&nbsp;&nbsp;20 |
| Insmed (1) | &nbsp;&nbsp;&nbsp;&nbsp;279 | &nbsp;&nbsp;&nbsp;46 |
| Intel (1) | 4618 | 204 |
| Intercontinental Exchange | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;43 |
| Intuitive Surgical (1) | &nbsp;&nbsp;&nbsp;&nbsp;315 | 145 |
| Ionis Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;522 | &nbsp;&nbsp;&nbsp;39 |
| Kestra Medical Technologies (1) | &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp;9 |
| Kodiak Sciences (1) | &nbsp;&nbsp;&nbsp;&nbsp;408 | &nbsp;&nbsp;&nbsp;16 |
| Krystal Biotech (1) | &nbsp;&nbsp;&nbsp;&nbsp;169 | &nbsp;&nbsp;&nbsp;44 |
| Kymera Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;673 | &nbsp;&nbsp;&nbsp;56 |
| Lam Research | &nbsp;&nbsp;&nbsp;&nbsp;342 | &nbsp;&nbsp;&nbsp;73 |

---

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T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| Lattice Semiconductor (1) | &nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 |
| Lumentum Holdings (1) | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 |
| Madrigal Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| Mastercard, Class A | &nbsp;&nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;&nbsp;&nbsp;179 |
| MBX Biosciences (1) | &nbsp;&nbsp;&nbsp;&nbsp;465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 |
| McKesson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 |
| Merck | &nbsp;&nbsp;&nbsp;&nbsp;444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 |
| Meta Platforms, Class A | &nbsp;&nbsp;&nbsp;&nbsp;514 | &nbsp;&nbsp;&nbsp;&nbsp;294 |
| Micron Technology | &nbsp;&nbsp;&nbsp;&nbsp;311 | &nbsp;&nbsp;&nbsp;&nbsp;105 |
| Microsoft | 1271 | &nbsp;&nbsp;&nbsp;&nbsp;470 |
| MicroStrategy, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 |
| Mirum Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| Moderna (1) | &nbsp;&nbsp;&nbsp;&nbsp;147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Monte Rosa Therapeutics (1) | 1294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| Moody's | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| MoonLake Immunotherapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| Natera (1) | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 |
| Navan, Class A (1) | 4134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55 |
| Netflix (1) | 1582 | &nbsp;&nbsp;&nbsp;&nbsp;152 |
| Nurix Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 |
| Nuvalent, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 |
| NVIDIA | 6314 | 1101 |
| Olema Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Oracle | &nbsp;&nbsp;&nbsp;&nbsp;746 | &nbsp;&nbsp;&nbsp;&nbsp;110 |
| ORIC Pharmaceuticals (1) | 1008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| Oruka Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| PACCAR | &nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 |
| Palo Alto Networks (1) | &nbsp;&nbsp;&nbsp;&nbsp;244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 |
| Palvella Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 |
| Parker-Hannifin | &nbsp;&nbsp;&nbsp;&nbsp;117 | &nbsp;&nbsp;&nbsp;&nbsp;105 |
| Paylocity Holding (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Payoneer Global (1) | 4180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 |
| PayPal Holdings | &nbsp;&nbsp;&nbsp;&nbsp;548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| Philip Morris International | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 |
| Praxis Precision Medicines (1) | &nbsp;&nbsp;&nbsp;&nbsp;114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 |
| Procter & Gamble | 1029 | &nbsp;&nbsp;&nbsp;&nbsp;149 |
| Protagonist Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 |
| Rapport Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| Regeneron Pharmaceuticals | &nbsp;&nbsp;&nbsp;&nbsp;167 | &nbsp;&nbsp;&nbsp;&nbsp;129 |
| Relay Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Repligen (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| Revolution Medicines (1) | &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86 |
| Revvity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Rhythm Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| Robinhood Markets, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 |
| Rocket, Class A (1) | 2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 |
| Roivant Sciences (1) | 2649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 |

---

------

T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| Royalty Pharma, Class A | &nbsp;&nbsp;&nbsp;&nbsp;483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 |
| S&P Global | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 |
| Samsara, Class A (1) | 1121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 |
| Scholar Rock Holding (1) | &nbsp;&nbsp;&nbsp;&nbsp;857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 |
| ServiceNow (1) | &nbsp;&nbsp;&nbsp;&nbsp;462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |
| Sionna Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| Snowflake (1) | &nbsp;&nbsp;&nbsp;&nbsp;189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 |
| Spyre Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24 |
| SS&C Technologies Holdings | &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 |
| Stoke Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| StoneX Group (1) | &nbsp;&nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 |
| Structure Therapeutics, ADR (1) | &nbsp;&nbsp;&nbsp;&nbsp;782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38 |
| Stryker | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156 |
| Summit Therapeutics (1) | 3826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 |
| Synopsys (1) | &nbsp;&nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71 |
| Tarsus Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
| Tenax Therapeutics (1) | 1516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24 |
| Tenet Healthcare (1) | &nbsp;&nbsp;&nbsp;&nbsp;316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 |
| Terns Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| Tesla (1) | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290 |
| Thermo Fisher Scientific | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 |
| T-Mobile US | &nbsp;&nbsp;&nbsp;&nbsp;434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 |
| Toast, Class A (1) | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 |
| TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| Trimble (1) | &nbsp;&nbsp;&nbsp;&nbsp;341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22 |
| United Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 |
| Upwork (1) | 3616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 |
| Vera Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31 |
| Verisk Analytics | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 |
| Verra Mobility (1) | &nbsp;&nbsp;&nbsp;&nbsp;566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| Vertex Pharmaceuticals (1) | &nbsp;&nbsp;&nbsp;&nbsp;233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 |
| Vertiv Holdings, Class A | &nbsp;&nbsp;&nbsp;&nbsp;167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 |
| Viridian Therapeutics (1) | &nbsp;&nbsp;&nbsp;&nbsp;312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
| Visa, Class A | &nbsp;&nbsp;&nbsp;&nbsp;676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204 |
| WaVe Life Sciences (1) | &nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
| Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| Western Union | 1682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| Workiva (1) | &nbsp;&nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| Zscaler (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 |
| **Total United States (Cost $13,116)** |  | **11999** |
| **URUGUAY 0.1%** | **URUGUAY 0.1%** | **URUGUAY 0.1%** |
| **Common Stocks 0.1%** |  |  |
| Dlocal/Uruguay (USD) | 1116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 |
| **Total Uruguay (Cost $16)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14** |

---

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T. ROWE PRICE INNOVATION LEADERS ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| **SHORT-TERM INVESTMENTS 0.2%** | **SHORT-TERM INVESTMENTS 0.2%** | **SHORT-TERM INVESTMENTS 0.2%** |
| **Money Market Funds 0.2%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, 3.60% (2) | 36003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 |
| **Total Short-Term Investments<br> (Cost $36)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**36** |
| **Total Investments<br> 100.0% of Net Assets (Cost $16,621)** |  | **$15204** |
| **Other Assets Less Liabilities (0.0)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** |
| **Net Assets 100.0%** |  | **$15201** |

---

‡ Country classifications are generally based on MSCI categories or another unaffiliated third party data provider; Shares are denominated in the currency of the country presented
unless otherwise noted.

(1) Non-income producing

(2) Seven-day yield

ADR American Depositary Receipts <br> USD U.S. Dollar

The accompanying notes are an integral part of this Portfolio of Investments.

------

T. ROWE PRICE INNOVATION LEADERS ETF

------

Unaudited

#### NOTES TO PORTFOLIO OF INVESTMENTS

------

T. Rowe Price Exchange-Traded Funds, Inc. (the corporation) is registered under the Investment Company Act of 1940 (the 1940 Act). The Innovation Leaders ETF (the fund) is an open-end management investment company established by the corporation and follows accounting and reporting guidance of the Financial Accounting Standards Board *Accounting Standards Codification* Topic 946. The accompanying Portfolio of Investments was prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). For additional information on the fund's significant accounting policies and investment related disclosures, please refer to the fund's prospectus.

#### VALUATION

#### Fair Value
The fund's financial instruments are valued at the close of the New York Stock Exchange (NYSE), normally 4 p.m. Eastern Time, each day the NYSE is open for business, and are reported at fair value, which GAAP defines as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fund's Board of Directors (the Board) has designated T. Rowe Price Associates, Inc. as the fund's valuation designee (Valuation Designee). Subject to oversight by the Board, the Valuation Designee performs the following functions in performing fair value determinations: assesses and manages valuation risks; establishes and applies fair value methodologies; tests fair value methodologies; and evaluates pricing vendors and pricing agents. The duties and responsibilities of the Valuation Designee are performed by its Valuation Committee. The Valuation Designee provides periodic reporting to the Board on valuation matters.

Various valuation techniques and inputs are used to determine the fair value of financial instruments. GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value:

Level 1 – quoted prices (unadjusted) in active markets for identical financial instruments that the fund can access at the reporting date

Level 2 – inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads)

Level 3 – unobservable inputs (including the Valuation Designee's assumptions in determining fair value)

Observable inputs are developed using market data, such as publicly available information about actual events or transactions, and reflect the assumptions that market participants would use to price the financial instrument. Unobservable inputs are those for which market data are not available and are developed using the best information available about the assumptions that market participants would use to price the financial instrument. GAAP requires valuation techniques to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. When multiple inputs are used to derive fair value, the financial instrument is assigned to the level within the fair value hierarchy based on the lowest-level input that is significant to the fair value of the financial instrument. Input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level but rather the degree of judgment used in determining those values.

#### Valuation Techniques
Equity securities, including exchange-traded funds, listed or regularly traded on a securities exchange or in the over-the-counter (OTC) market are valued at the last quoted sale price or, for certain markets, the official closing price at the time the valuations are made. A security that is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for such security. Listed securities not traded on a particular day are valued at the mean of the closing bid and asked prices for domestic securities and the last quoted sale or closing price for international securities.

------

T. ROWE PRICE INNOVATION LEADERS ETF

------

The last quoted prices of non-U.S. equity securities may be adjusted to reflect the fair value of such securities at the close of the NYSE, if the Valuation Designee determines that developments between the close of a foreign market and the close of the NYSE will affect the value of some or all of the fund's portfolio securities. Each business day, the Valuation Designee uses information from outside pricing services to evaluate the quoted prices of portfolio securities and, if appropriate, decides whether it is necessary to adjust quoted prices to reflect fair value by reviewing a variety of factors, including developments in foreign markets, the performance of U.S. securities markets, and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. The Valuation Designee uses outside pricing services to provide it with quoted prices and information to evaluate or adjust those prices. The Valuation Designee cannot predict how often it will use quoted prices or how often it will determine it necessary to adjust those prices to reflect fair value.

Investments denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate, using the mean of the bid and asked prices of such currencies against U.S. dollars as provided by an outside pricing service.

Investments in mutual funds are valued at the mutual fund's closing NAV per share on the day of valuation.

Investments for which market quotations are not readily available or deemed unreliable are valued at fair value as determined in good faith by the Valuation Designee. The Valuation Designee has adopted methodologies for determining the fair value of investments for which market quotations are not readily available or deemed unreliable, including the use of other pricing sources. Factors used in determining fair value vary by type of investment and may include market or investment specific considerations. The Valuation Designee typically will afford the greatest weight to actual prices in arm's length transactions, to the extent they represent orderly transactions between market participants, transaction information can be reliably obtained, and prices are deemed representative of fair value. However, the Valuation Designee may also consider other valuation methods such as market-based valuation multiples; a discount or premium from market value of a similar, freely traded security of the same issuer; discounted cash flows; yield to maturity; or some combination. Fair value determinations are reviewed on a regular basis. Because any fair value determination involves a significant amount of judgment, there is a degree of subjectivity inherent in such pricing decisions. Fair value prices determined by the Valuation Designee could differ from those of other market participants, and it is possible that the fair value determined for a security may be materially different from the value that could be realized upon the sale of that security.

#### Valuation Inputs
The following table summarizes the fund's financial instruments, based on the inputs used to determine their fair values on March 31, 2026 (for further detail by category, please refer to the accompanying Portfolio of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($000s) | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total Value** |
| **Assets** |  |  |  |  |
| Common Stocks | &nbsp;&nbsp;$13787 | &nbsp;&nbsp;$1381 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$15168 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 |
| Total | &nbsp;&nbsp;$13823 | &nbsp;&nbsp;$1381 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$15204 |

---

#### OTHER MATTERS
Unpredictable environmental, political, social and economic events, including but not limited to, environmental or natural disasters, war and conflict, terrorism, geopolitical and regulatory developments (including trading and tariff arrangements), and public health epidemics or threats, may significantly affect the economy and the markets and issuers in which a fund invests. The extent and duration of such events and resulting market disruptions cannot be predicted. These and other similar events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others, and exacerbate other pre-existing political, social, and economic risks. The fund's performance could be negatively impacted if the value of a portfolio holding were harmed by these or such events.

#### ETF1253-054Q1

#### 03/26

## 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 Innovation Leaders ETF

- **b. EDGAR series identifier (if any):** S000095887

- **c. LEI of Series:** 254900LRH8KW5FONFQ87

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $15210916.61

**Total Liabilities:** $7071.35

**Net Assets:** $15203845.26

**Cash Not Reported:** $663.08

**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 C000264669 | -2.00%               | -2.49%               | -5.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-298059.22                                |
| Month 2  | $-80694.40               | $-285726.66                                |
| Month 3  | $-93358.49               | $-836295.39                                |

### 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        |       817 | NS      | $26626.86     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ABIVAX SA-ADR                   | ABIVAX SA ADR ADR EUR.01                                   | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |       258 | NS      | $28728.30     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES          | ADVANCED MICRO DEVICES COMMON STOCK USD.01                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1159 | NS      | $235775.37    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN NV                        | ADYEN NV COMMON STOCK EUR.01                               | CUSIP: TC43C38Q9<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |        64 | NS      | $64054.42     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ADYEN NV-UNSPON ADR             | ADYEN NV UNSPON ADR ADR                                    | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      4896 | NS      | $48813.12     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC             | AFFIRM HOLDINGS INC COMMON STOCK USD.00001                 | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       748 | NS      | $34273.36     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE                       | AIRBUS SE COMMON STOCK EUR1.0                              | CUSIP: 2987FR985<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |        97 | NS      | $18340.07     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AJINOMOTO CO INC                | AJINOMOTO CO INC COMMON STOCK                              | CUSIP: TC024W5S9<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |      1900 | NS      | $53715.35     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING-SP ADR    | ALIBABA GROUP HOLDING SP ADR ADR USD.000025                | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |       518 | NS      | $64988.28     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC     | ALNYLAM PHARMACEUTICALS INC COMMON STOCK USD.01            | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       239 | NS      | $79077.93     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL A               | ALPHABET INC CL A COMMON STOCK USD.001                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1117 | NS      | $321204.52    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL C               | ALPHABET INC CL C COMMON STOCK USD.001                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1078 | NS      | $309235.08    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALUMIS INC                      | ALUMIS INC COMMON STOCK USD.0001                           | CUSIP: 022307102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       719 | NS      | $15839.57     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                  | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1869 | NS      | $389256.63    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO             | AMERICAN EXPRESS CO COMMON STOCK USD.2                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       178 | NS      | $53841.44     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC              | ANALOG DEVICES INC COMMON STOCK USD.167                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       138 | NS      | $43903.32     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORP                  | API GROUP CORP COMMON STOCK USD.0001                       | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |       815 | NS      | $33023.80     | 0.22%             |  |  |  | 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        |       331 | NS      | $27860.27     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| APPFOLIO INC - A                | APPFOLIO INC   A COMMON STOCK USD.0001                     | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |       181 | NS      | $28565.42     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                       | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      2765 | NS      | $701729.35    | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC           | APPLIED MATERIALS INC COMMON STOCK USD.01                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       286 | NS      | $97751.94     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP-CLASS A           | APPLOVIN CORP CLASS A COMMON STOCK USD.00003               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       251 | NS      | $99898.00     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE - ADR                 | ARGENX SE   ADR ADR                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       291 | NS      | $212502.75    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC             | ARISTA NETWORKS INC COMMON STOCK USD.0001                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       625 | NS      | $76737.50     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM HOLDINGS PLC-ADR            | ARM HOLDINGS PLC ADR ADR USD.001                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |       221 | NS      | $33432.88     | 0.22%             |  |  |  | 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        |       464 | NS      | $106130.72    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM INTERNATIONAL NV            | ASM INTERNATIONAL NV COMMON STOCK EUR.04                   | CUSIP: N070NL999<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |        32 | NS      | $24254.48     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV NY              | ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09              | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       132 | NS      | $174349.56    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                 | ASTRAZENECA PLC COMMON STOCK USD.25                        | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1203 | NS      | $237255.66    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING       | AUTOMATIC DATA PROCESSING COMMON STOCK USD.1               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       193 | NS      | $39213.74     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC             | AXON ENTERPRISE INC COMMON STOCK USD.00001                 | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       192 | NS      | $81540.48     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AXSOME THERAPEUTICS INC         | AXSOME THERAPEUTICS INC COMMON STOCK USD.0001              | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |        88 | NS      | $14873.76     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                 | BAE SYSTEMS PLC COMMON STOCK GBP.025                       | CUSIP: 110GB9993<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |       975 | NS      | $28585.53     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BAKER HUGHES CO                 | BAKER HUGHES CO COMMON STOCK USD.0001                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       928 | NS      | $56654.40     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES     | BE SEMICONDUCTOR INDUSTRIES COMMON STOCK EUR.01            | CUSIP: NL4233580<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |       184 | NS      | $39411.66     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAM THERAPEUTICS INC           | BEAM THERAPEUTICS INC COMMON STOCK USD.01                  | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       758 | NS      | $18063.14     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BELITE BIO INC - ADR            | BELITE BIO INC   ADR ADR USD.0001                          | CUSIP: 07782B104<br>LEI: 984500BD54036BOEAE79 | Long             | EC               | CORP              | KY        |       117 | NS      | $18654.48     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BEONE MEDICINES LTD-ADR         | BEONE MEDICINES LTD ADR ADR USD.0001                       | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |        29 | NS      | $8612.13      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BEONE MEDICINES LTD             | BEONE MEDICINES LTD H COMMON STOCK USD.0001                | CUSIP: TC0NW8MZ0<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |      3900 | NS      | $87486.41     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| BILL HOLDINGS INC               | BILL HOLDINGS INC COMMON STOCK USD.00001                   | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |       469 | NS      | $17962.70     | 0.12%             |  |  |  | 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        |       178 | NS      | $14051.32     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABORATORIES-A          | BIO RAD LABORATORIES A COMMON STOCK USD.0001               | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |        30 | NS      | $8362.50      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOHAVEN LTD                    | BIOHAVEN LTD COMMON STOCK                                  | CUSIP: G1110E107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |       717 | NS      | $6065.82      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                       | BLOCK INC COMMON STOCK USD.0000001                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      2313 | NS      | $139196.34    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA INC            | BRIDGEBIO PHARMA INC COMMON STOCK                          | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |       441 | NS      | $32748.66     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERVICES    | BRIGHTSPRING HEALTH SERVICES COMMON STOCK USD100.0         | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1596 | NS      | $68005.56     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO         | BRISTOL MYERS SQUIBB CO COMMON STOCK USD.1                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |       881 | NS      | $53432.65     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                    | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1406 | NS      | $435171.06    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYS INC          | CADENCE DESIGN SYS INC COMMON STOCK USD.01                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       133 | NS      | $36956.71     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP      | CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       248 | NS      | $45242.64     | 0.30%             |  |  |  | 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        |      1171 | NS      | $20937.48     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                 | CATERPILLAR INC COMMON STOCK USD1.0                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       170 | NS      | $120438.20    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC         | CBOE GLOBAL MARKETS INC COMMON STOCK                       | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       150 | NS      | $42160.50     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC INTELLIGENT SOLUTIONS HO    | CCC INTELLIGENT SOLUTIONS HO COMMON STOCK USD.0001         | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1657 | NS      | $9942.00      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCUITY INC                    | CELCUITY INC COMMON STOCK USD.001                          | CUSIP: 15102K100<br>LEI: 25490070W7UU7W2SEY87 | Long             | EC               | CORP              | US        |       355 | NS      | $40519.70     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC                   | CELESTICA INC COMMON STOCK                                 | CUSIP: 15101Q959<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |        71 | NS      | $20028.62     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA INC                     | CENCORA INC COMMON STOCK USD.01                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       169 | NS      | $53089.66     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTESSA PHARMACEUTICALS-ADR    | CENTESSA PHARMACEUTICALS ADR ADR USD.0001                  | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |       871 | NS      | $34596.12     | 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        |       708 | NS      | $47917.44     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                       | CHUBB LTD COMMON STOCK                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |        37 | NS      | $12059.41     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO LTD    | CHUGAI PHARMACEUTICAL CO LTD COMMON STOCK                  | CUSIP: 171JP9998<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |      1100 | NS      | $60663.28     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| CIENA CORP                      | CIENA CORP COMMON STOCK USD.01                             | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       190 | NS      | $73763.70     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRCLE INTERNET GROUP INC       | CIRCLE INTERNET GROUP INC COMMON STOCK                     | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |       397 | NS      | $37877.77     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC               | CISCO SYSTEMS INC COMMON STOCK USD.001                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1308 | NS      | $101487.72    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                   | CME GROUP INC COMMON STOCK USD.01                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       207 | NS      | $61137.45     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC -CLASS A    | COINBASE GLOBAL INC  CLASS A COMMON STOCK USD.00001        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       195 | NS      | $34048.95     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC        | COREBRIDGE FINANCIAL INC COMMON STOCK USD.01               | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |       397 | NS      | $9472.42      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                      | CORPAY INC COMMON STOCK USD.001                            | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |       350 | NS      | $101846.50    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CORVUS PHARMACEUTICALS INC      | CORVUS PHARMACEUTICALS INC COMMON STOCK USD.0001           | CUSIP: 221015100<br>LEI: 549300I3AVJ8F75NCX65 | Long             | EC               | CORP              | US        |       455 | NS      | $6656.65      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CRINETICS PHARMACEUTICALS IN    | CRINETICS PHARMACEUTICALS IN COMMON STOCK USD.001          | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |       724 | NS      | $26295.68     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC - A    | CROWDSTRIKE HOLDINGS INC   A COMMON STOCK                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       132 | NS      | $51534.12     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                 | CVS HEALTH CORP COMMON STOCK USD.01                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1205 | NS      | $86543.10     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS INC                | CYTOKINETICS INC COMMON STOCK USD.001                      | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |       376 | NS      | $24782.16     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIICHI SANKYO CO LTD           | DAIICHI SANKYO CO LTD COMMON STOCK                         | CUSIP: JP0J7D918<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |      1500 | NS      | $26836.00     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| DANAHER CORP                    | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       439 | NS      | $83234.40     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC - CLASS A           | DATADOG INC   CLASS A COMMON STOCK USD.00001               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |       398 | NS      | $46983.90     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG              | DEUTSCHE BOERSE AG COMMON STOCK                            | CUSIP: 2519DE995<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       191 | NS      | $55952.56     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| DIANTHUS THERAPEUTICS INC       | DIANTHUS THERAPEUTICS INC COMMON STOCK USD.001             | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |       302 | NS      | $25343.84     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DISC MEDICINE INC               | DISC MEDICINE INC COMMON STOCK USD.0001                    | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       195 | NS      | $12468.30     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DLOCAL LTD                      | DLOCAL LTD COMMON STOCK USD.002                            | CUSIP: G29018101<br>LEI: 529900D15DJKVN3RCO35 | Long             | EC               | CORP              | KY        |      1116 | NS      | $14474.52     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC - A                | DOORDASH INC   A COMMON STOCK USD.00001                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       224 | NS      | $33633.60     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EISAI CO LTD                    | EISAI CO LTD COMMON STOCK                                  | CUSIP: 268JP9992<br>LEI: 353800HDEE0ZYEX4QV91 | Long             | EC               | CORP              | JP        |      1200 | NS      | $37568.17     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT CORP   | ELEMENT FLEET MANAGEMENT COR COMMON STOCK                  | CUSIP: CA7FNMQ20<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |       998 | NS      | $21644.50     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                  | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        99 | NS      | $91057.23     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTEGRIS INC                    | ENTEGRIS INC COMMON STOCK USD.01                           | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |       314 | NS      | $36813.36     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                     | EQUIFAX INC COMMON STOCK USD1.25                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |        89 | NS      | $16026.23     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ERASCA INC                      | ERASCA INC COMMON STOCK USD.0001                           | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       661 | NS      | $10694.98     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONEXT NV                     | EURONEXT NV COMMON STOCK EUR1.6                            | CUSIP: TC07NJ5F4<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |        78 | NS      | $12525.38     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPERIAN PLC                    | EXPERIAN PLC COMMON STOCK USD.1                            | CUSIP: GB19NLV46<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |       864 | NS      | $29889.64     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                 | FAIR ISAAC CORP COMMON STOCK USD.01                        | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        21 | NS      | $22418.34     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFO SERV     | FIDELITY NATIONAL INFO SERV COMMON STOCK USD.01            | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       276 | NS      | $12947.16     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP             | FIFTH THIRD BANCORP COMMON STOCK                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       171 | NS      | $7944.66      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST ADVANTAGE CORP            | FIRST ADVANTAGE CORP COMMON STOCK USD.001                  | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |      2575 | NS      | $30282.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                      | FISERV INC COMMON STOCK USD.01                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       463 | NS      | $25835.40     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FLATEXDEGIRO SE                 | FLATEXDEGIRO SE COMMON STOCK                               | CUSIP: TC37QSYI0<br>LEI: 529900IRBZTADXJB6757 | Long             | EC               | CORP              | DE        |       503 | NS      | $17346.12     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTIVE CORP                    | FORTIVE CORP COMMON STOCK USD.01                           | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      1484 | NS      | $82035.52     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUM OYJ                      | FORTUM OYJ COMMON STOCK EUR3.4                             | CUSIP: 349FI9991<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |      1699 | NS      | $43448.05     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| FTI CONSULTING INC              | FTI CONSULTING INC COMMON STOCK USD.01                     | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |        87 | NS      | $15378.99     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC             | GILEAD SCIENCES INC COMMON STOCK USD.001                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       477 | NS      | $66479.49     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL-E ONLINE LTD             | GLOBAL E ONLINE LTD COMMON STOCK                           | CUSIP: M5216V106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       725 | NS      | $22366.25     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC             | GLOBAL PAYMENTS INC COMMON STOCK                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |       295 | NS      | $19853.50     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH INC             | GUARDANT HEALTH INC COMMON STOCK USD.00001                 | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |       582 | NS      | $53759.34     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                     | HUBSPOT INC COMMON STOCK USD.001                           | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |        55 | NS      | $13425.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD-SPON ADR         | ICICI BANK LTD SPON ADR ADR                                | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |       422 | NS      | $10929.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMUNOCORE HOLDINGS PLC-ADR     | IMMUNOCORE HOLDINGS PLC ADR ADR GBP.0001                   | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             | EC               | CORP              | GB        |       449 | NS      | $13537.35     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMUNOME INC                    | IMMUNOME INC COMMON STOCK USD.0001                         | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       927 | NS      | $20273.49     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORP                     | INCYTE CORP COMMON STOCK USD.001                           | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       216 | NS      | $20329.92     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINEON TECHNOLOGIES-ADR       | INFINEON TECHNOLOGIES ADR ADR                              | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      1732 | NS      | $78303.72     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINEON TECHNOLOGIES AG        | INFINEON TECHNOLOGIES AG COMMON STOCK                      | CUSIP: 456DE9981<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |       575 | NS      | $26085.52     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| INSMED INC                      | INSMED INC COMMON STOCK USD.01                             | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |       279 | NS      | $45622.08     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                      | INTEL CORP COMMON STOCK USD.001                            | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      4618 | NS      | $203792.34    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC   | INTERCONTINENTAL EXCHANGE IN COMMON STOCK USD.01           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       275 | NS      | $43252.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC          | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       315 | NS      | $145211.85    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS INC       | IONIS PHARMACEUTICALS INC COMMON STOCK USD.001             | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |       522 | NS      | $39196.98     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KESTRA MEDICAL TECHNOLOGIES     | KESTRA MEDICAL TECHNOLOGIES COMMON STOCK USD100.0          | CUSIP: G52441105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |       470 | NS      | $9367.10      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KIOXIA HOLDINGS CORP            | KIOXIA HOLDINGS CORP COMMON STOCK                          | CUSIP: TC16GCNZ4<br>LEI: 35380080RTKRARNH4R73 | Long             | EC               | CORP              | JP        |       100 | NS      | $13060.01     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KLARNA GROUP PLC                | KLARNA GROUP PLC COMMON STOCK USD.01                       | CUSIP: G5279N105<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |      1099 | NS      | $14385.91     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KODIAK SCIENCES INC             | KODIAK SCIENCES INC COMMON STOCK USD.0001                  | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |       408 | NS      | $15552.96     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA           | KONGSBERG GRUPPEN ASA COMMON STOCK NOK.19                  | CUSIP: 500NO9992<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |       540 | NS      | $23046.80     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KRYSTAL BIOTECH INC             | KRYSTAL BIOTECH INC COMMON STOCK USD.00001                 | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |       169 | NS      | $43656.08     | 0.29%             |  |  |  | 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        |       673 | NS      | $56054.17     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP               | LAM RESEARCH CORP COMMON STOCK USD.001                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       342 | NS      | $73071.72     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORP      | LATTICE SEMICONDUCTOR CORP COMMON STOCK USD.01             | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |       665 | NS      | $61685.40     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP     | LONDON STOCK EXCHANGE GROUP COMMON STOCK GBP.06918605      | CUSIP: GB0952985<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |        93 | NS      | $10982.16     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LUMENTUM HOLDINGS INC           | LUMENTUM HOLDINGS INC COMMON STOCK USD.001                 | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       105 | NS      | $73789.80     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MADRIGAL PHARMACEUTICALS INC    | MADRIGAL PHARMACEUTICALS INC COMMON STOCK USD.0001         | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |        22 | NS      | $11516.34     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MAREX GROUP PLC                 | MAREX GROUP PLC COMMON STOCK                               | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |       576 | NS      | $25678.08     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A              | MASTERCARD INC   A COMMON STOCK USD.0001                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       358 | NS      | $178878.28    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MBX BIOSCIENCES INC             | MBX BIOSCIENCES INC COMMON STOCK USD.0001                  | CUSIP: 55287L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       465 | NS      | $13880.25     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                   | MCKESSON CORP COMMON STOCK USD.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        50 | NS      | $43268.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                | MERCADOLIBRE INC COMMON STOCK USD.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        33 | NS      | $57057.66     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO. INC.                | MERCK + CO. INC. COMMON STOCK USD.5                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       357 | NS      | $42943.53     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK KGAA                      | MERCK KGAA COMMON STOCK                                    | CUSIP: 589332956<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |       260 | NS      | $33033.98     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC-CLASS A      | META PLATFORMS INC CLASS A COMMON STOCK USD.000006         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       514 | NS      | $294074.82    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC           | MICRON TECHNOLOGY INC COMMON STOCK USD.1                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       311 | NS      | $105068.24    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                  | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1271 | NS      | $470486.07    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRUM PHARMACEUTICALS INC       | MIRUM PHARMACEUTICALS INC COMMON STOCK                     | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |        92 | NS      | $8498.96      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES     | MITSUBISHI HEAVY INDUSTRIES COMMON STOCK                   | CUSIP: 606793982<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |       900 | NS      | $24728.99     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GRO    | MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK                  | CUSIP: 6070JP994<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |       500 | NS      | $8466.96      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MODERNA THERAPEUTICS INC        | MODERNA INC COMMON STOCK USD.0001                          | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |       147 | NS      | $7467.60      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTE ROSA THERAPEUTICS INC     | MONTE ROSA THERAPEUTICS INC COMMON STOCK USD.0001          | CUSIP: 61225M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1294 | NS      | $21286.30     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODY S CORP                    | MOODY S CORP COMMON STOCK USD.01                           | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |        57 | NS      | $24866.25     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MOONLAKE IMMUNOTHERAPEUTICS     | MOONLAKE IMMUNOTHERAPEUTICS COMMON STOCK USD.0001          | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       544 | NS      | $10140.16     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                      | NATERA INC COMMON STOCK                                    | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |       265 | NS      | $52997.35     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVAN INC-CL A                  | NAVAN INC CL A COMMON STOCK USD.0000063                    | CUSIP: 639193101<br>LEI: 254900RHRK35UPHTGY05 | Long             | EC               | CORP              | US        |      3190 | NS      | $42235.60     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTE OYJ                       | NESTE OYJ COMMON STOCK                                     | CUSIP: FI06YV460<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |      1228 | NS      | $39907.00     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NETFLIX INC                     | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1582 | NS      | $152109.30    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                 | NINTENDO CO LTD COMMON STOCK                               | CUSIP: 654JP9994<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |       700 | NS      | $39959.94     | 0.26%             |  |  |  | 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        |       495 | NS      | $18114.26     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVO-NORDISK A/S-SPONS ADR      | NOVO NORDISK A/S SPONS ADR ADR                             | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |       300 | NS      | $11025.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVONESIS (NOVOZYMES) B         | NOVONESIS (NOVOZYMES) B COMMON STOCK DKK2.0                | CUSIP: 6701DK991<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |       352 | NS      | $20912.73     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISL-A    | NU HOLDINGS LTD/CAYMAN ISL A COMMON STOCK USD.000006667    | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |      4703 | NS      | $67582.11     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NURIX THERAPEUTICS INC          | NURIX THERAPEUTICS INC COMMON STOCK                        | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       734 | NS      | $11377.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NUVALENT INC-A                  | NUVALENT INC A COMMON STOCK USD.0001                       | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       291 | NS      | $29812.95     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                     | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6258 | NS      | $1091395.20   | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OLEMA PHARMACEUTICALS INC       | OLEMA PHARMACEUTICALS INC COMMON STOCK USD.0001            | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       447 | NS      | $6664.77      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                     | ORACLE CORP COMMON STOCK USD.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       746 | NS      | $109744.06    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIC PHARMACEUTICALS INC        | ORIC PHARMACEUTICALS INC COMMON STOCK USD.0001             | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |      1008 | NS      | $12771.36     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ORUKA THERAPEUTICS INC          | ORUKA THERAPEUTICS INC COMMON STOCK USD.001                | CUSIP: 687604108<br>LEI: 529900TG7O4ESUDMGI54 | Long             | EC               | CORP              | US        |       238 | NS      | $11673.90     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                      | PACCAR INC COMMON STOCK USD1.0                             | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       695 | NS      | $80272.50     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC          | PALO ALTO NETWORKS INC COMMON STOCK USD.0001               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       244 | NS      | $39118.08     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PALVELLA THERAPEUTICS INC       | PALVELLA THERAPEUTICS INC COMMON STOCK USD.001             | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |        86 | NS      | $10719.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER HANNIFIN CORP            | PARKER HANNIFIN CORP COMMON STOCK USD.5                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       117 | NS      | $104743.08    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYLOCITY HOLDING CORP          | PAYLOCITY HOLDING CORP COMMON STOCK USD.001                | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |        68 | NS      | $7346.72      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYONEER GLOBAL INC             | PAYONEER GLOBAL INC COMMON STOCK USD.01                    | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |      4180 | NS      | $20189.40     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC             | PAYPAL HOLDINGS INC COMMON STOCK                           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       548 | NS      | $24786.04     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PHARVARIS NV                    | PHARVARIS NV COMMON STOCK EUR.12                           | CUSIP: N69605108<br>LEI: 9845003BE146D3B75D32 | Long             | EC               | CORP              | NL        |       353 | NS      | $9972.25      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL     | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       575 | NS      | $95070.50     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PRAXIS PRECISION MEDICINES I    | PRAXIS PRECISION MEDICINES I COMMON STOCK USD.0001         | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       114 | NS      | $36729.66     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE         | PROCTER + GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1029 | NS      | $148628.76    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PROTAGONIST THERAPEUTICS INC    | PROTAGONIST THERAPEUTICS INC COMMON STOCK USD.00001        | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       725 | NS      | $76415.00     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RAPPORT THERAPEUTICS INC        | RAPPORT THERAPEUTICS INC COMMON STOCK USD.001              | CUSIP: 75383L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       326 | NS      | $10200.54     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS       | REGENERON PHARMACEUTICALS COMMON STOCK USD.001             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       167 | NS      | $129030.88    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RELAY THERAPEUTICS INC          | RELAY THERAPEUTICS INC COMMON STOCK USD.001                | CUSIP: 75943R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       747 | NS      | $7432.65      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RENESAS ELECTRONICS CORP        | RENESAS ELECTRONICS CORP COMMON STOCK                      | CUSIP: 639999978<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |      2800 | NS      | $40032.22     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| REPLIGEN CORP                   | REPLIGEN CORP COMMON STOCK USD.01                          | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |        78 | NS      | $9189.96      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION MEDICINES INC        | REVOLUTION MEDICINES INC COMMON STOCK                      | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |       889 | NS      | $86455.25     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| REVVITY INC                     | REVVITY INC COMMON STOCK USD1.0                            | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |        81 | NS      | $7096.41      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RHYTHM PHARMACEUTICALS INC      | RHYTHM PHARMACEUTICALS INC COMMON STOCK                    | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |       140 | NS      | $12175.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC - A       | ROBINHOOD MARKETS INC   A COMMON STOCK USD.0001            | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       493 | NS      | $34164.90     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET COS INC-CLASS A          | ROCKET COS INC CLASS A COMMON STOCK USD.00001              | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2039 | NS      | $29055.75     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ROIVANT SCIENCES LTD            | ROIVANT SCIENCES LTD COMMON STOCK USD.0000001              | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |      2649 | NS      | $73377.30     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC        | ROLLS ROYCE HOLDINGS PLC COMMON STOCK GBP.2                | CUSIP: 775781990<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |      1439 | NS      | $21861.90     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC- CL A        | ROYALTY PHARMA PLC  CL A COMMON STOCK                      | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |       483 | NS      | $23169.51     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                  | S+P GLOBAL INC COMMON STOCK USD1.0                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |        54 | NS      | $22968.36     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                       | SAFRAN SA COMMON STOCK EUR.2                               | CUSIP: 786FR9991<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |        75 | NS      | $24542.20     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSARA INC-CL A                | SAMSARA INC CL A COMMON STOCK USD.0001                     | CUSIP: 79589L106<br>LEI: 529900IE80DQBIFK3M88 | Long             | EC               | CORP              | US        |      1121 | NS      | $35524.49     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE SPONSORED ADR            | SAP SE SPONSORED ADR ADR                                   | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       246 | NS      | $42117.66     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHOLAR ROCK HOLDING CORP       | SCHOLAR ROCK HOLDING CORP COMMON STOCK USD.001             | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |       857 | NS      | $42130.12     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD ADR                     | SEA LTD ADR ADR USD.0005                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       920 | NS      | $76185.20     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSORION SA                    | SENSORION SA COMMON STOCK EUR.1                            | CUSIP: TC5OYJJP3<br>LEI: 969500P0W8XJ9CGZDP97 | Long             | EC               | CORP              | FR        |     10232 | NS      | $4858.42      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SERVICENOW INC                  | SERVICENOW INC COMMON STOCK USD.001                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       462 | NS      | $48302.10     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIN-ETSU CHEMICAL CO LTD       | SHIN ETSU CHEMICAL CO LTD COMMON STOCK                     | CUSIP: 824999999<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |      1000 | NS      | $40718.78     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC - CLASS A           | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       436 | NS      | $51718.32     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS HEALTHINEERS AG         | SIEMENS HEALTHINEERS AG COMMON STOCK                       | CUSIP: TC9YZQKU7<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |       621 | NS      | $26495.62     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SIONNA THERAPEUTICS INC         | SIONNA THERAPEUTICS INC COMMON STOCK USD.001               | CUSIP: 829401108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       367 | NS      | $14713.03     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                    | SK HYNIX INC COMMON STOCK KRW5000.0                        | CUSIP: 449182997<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |        76 | NS      | $43119.72     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                   | SNOWFLAKE INC COMMON STOCK USD1.0                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       189 | NS      | $28504.98     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOVA HOLDING AG-REG           | SONOVA HOLDING AG REG COMMON STOCK CHF.05                  | CUSIP: 71920CH95<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |        78 | NS      | $17785.06     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Spyre Therapeutics Inc          | SPYRE THERAPEUTICS INC COMMON STOCK USD.0001               | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |       480 | NS      | $24211.20     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS      | SS+C TECHNOLOGIES HOLDINGS COMMON STOCK USD.01             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |       449 | NS      | $30338.93     | 0.20%             |  |  |  | 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        |     36003 | NS      | $36002.62     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| STOKE THERAPEUTICS INC          | STOKE THERAPEUTICS INC COMMON STOCK                        | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               | CORP              | US        |       263 | NS      | $8563.28      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STONEX GROUP INC                | STONEX GROUP INC COMMON STOCK USD.01                       | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |       720 | NS      | $58068.00     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                    | STRATEGY INC COMMON STOCK USD.001                          | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |       159 | NS      | $19843.20     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| STRUCTURE THERAPEUTICS INC ADR  | STRUCTURE THERAPEUTICS INC ADR USD.0001                    | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       782 | NS      | $37692.40     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                    | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       475 | NS      | $156080.25    | 1.03%             |  |  |  | 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        |      3826 | NS      | $72540.96     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                    | SYNOPSYS INC COMMON STOCK USD.01                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       178 | NS      | $70573.44     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                 | T MOBILE US INC COMMON STOCK USD.0001                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       434 | NS      | $91153.02     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR     | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       839 | NS      | $283540.05    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TARSUS PHARMACEUTICALS INC      | TARSUS PHARMACEUTICALS INC COMMON STOCK USD.0001           | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        82 | NS      | $5752.30      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TENAX THERAPEUTICS INC          | TENAX THERAPEUTICS INC COMMON STOCK USD.0001               | CUSIP: 88032L605<br>LEI: 549300J03O6B1IJ2B606 | Long             | EC               | CORP              | US        |      1516 | NS      | $24240.84     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HOLDINGS LTD            | TENCENT HOLDINGS LTD COMMON STOCK HKD.00002                | CUSIP: CN01CT306<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |       800 | NS      | $50457.87     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP           | TENET HEALTHCARE CORP COMMON STOCK USD.05                  | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       316 | NS      | $59632.36     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNS PHARMACEUTICALS INC       | TERNS PHARMACEUTICALS INC COMMON STOCK USD.0001            | CUSIP: 880881107<br>LEI: 254900S1ZDQMF4MYP709 | Long             | EC               | CORP              | US        |       225 | NS      | $11862.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                       | TESLA INC COMMON STOCK USD.001                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       780 | NS      | $289965.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICAL-SP ADR      | TEVA PHARMACEUTICAL SP ADR ADR                             | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |       261 | NS      | $7861.32      | 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        |       285 | NS      | $140086.05    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX GROUP LTD                   | TMX GROUP LTD COMMON STOCK                                 | CUSIP: CA8KH5G72<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |       285 | NS      | $10106.43     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TOAST INC-CLASS A               | TOAST INC CLASS A COMMON STOCK USD.000001                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |      1275 | NS      | $33800.25     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO ELECTRON LTD              | TOKYO ELECTRON LTD COMMON STOCK                            | CUSIP: 889998993<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |       100 | NS      | $24845.09     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TOWER SEMICONDUCTOR LTD         | TOWER SEMICONDUCTOR LTD COMMON STOCK ILS15.0               | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |       334 | NS      | $58610.32     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORP               | TOYOTA MOTOR CORP COMMON STOCK                             | CUSIP: 892331315<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |      1700 | NS      | $35338.47     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSUNION                      | TRANSUNION COMMON STOCK USD.01                             | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |       180 | NS      | $12454.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC                     | TRIMBLE INC COMMON STOCK USD.001                           | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |       341 | NS      | $22243.43     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                          | UCB SA COMMON STOCK                                        | CUSIP: 902BE9993<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |       102 | NS      | $30732.28     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED THERAPEUTICS CORP        | UNITED THERAPEUTICS CORP COMMON STOCK USD.01               | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       115 | NS      | $68192.70     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UPWORK INC                      | UPWORK INC COMMON STOCK USD.0001                           | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |      3616 | NS      | $39631.36     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VERA THERAPEUTICS INC           | VERA THERAPEUTICS INC COMMON STOCK USD.001                 | CUSIP: 92337R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       779 | NS      | $31339.17     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC            | VERISK ANALYTICS INC COMMON STOCK USD.001                  | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       105 | NS      | $19923.75     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VERRA MOBILITY CORP             | VERRA MOBILITY CORP COMMON STOCK USD.0001                  | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |       566 | NS      | $8088.14      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC      | VERTEX PHARMACEUTICALS INC COMMON STOCK USD.01             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       233 | NS      | $104043.82    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO-A            | VERTIV HOLDINGS CO A COMMON STOCK USD.0001                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |       167 | NS      | $41846.86     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRIDIAN THERAPEUTICS INC       | VIRIDIAN THERAPEUTICS INC COMMON STOCK USD.01              | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |       312 | NS      | $6102.72      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES         | VISA INC CLASS A SHARES COMMON STOCK USD.0001              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       676 | NS      | $204314.24    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WAVE LIFE SCIENCES LTD          | WAVE LIFE SCIENCES LTD COMMON STOCK                        | CUSIP: Y95308105<br>LEI: 54930070006GPKFYZ813 | Long             | EC               | CORP              | SG        |       834 | NS      | $6046.50      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORP        | WESTERN ALLIANCE BANCORP COMMON STOCK USD.0001             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |       129 | NS      | $9139.65      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP            | WESTERN DIGITAL CORP COMMON STOCK USD.01                   | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       180 | NS      | $48688.20     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN UNION CO                | WESTERN UNION CO COMMON STOCK USD.01                       | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |      1682 | NS      | $14683.86     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WISE PLC - A                    | WISE PLC   A COMMON STOCK GBP.01                           | CUSIP: TC3QWY4P5<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |      6347 | NS      | $76431.73     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| WORKIVA INC                     | WORKIVA INC COMMON STOCK USD.001                           | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |       426 | NS      | $25402.38     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| XERO LTD                        | XERO LTD COMMON STOCK                                      | CUSIP: TC78RRFD7<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |       137 | NS      | $7240.43      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| XP INC - CLASS A                | XP INC   CLASS A COMMON STOCK                              | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |       841 | NS      | $16012.64     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER INC                     | ZSCALER INC COMMON STOCK USD.001                           | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |        77 | NS      | $10802.33     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President