# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-000814
**Filing Date:** 2026-1
**Character Count:** 46137
**Document Hash:** eedb3d3961e425908687cbc47dc77d55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-000814.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001099263-26-000814

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260531

**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:** 26565002

**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 U.S. High Yield ETF (Series ID: S000077051)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000237191 | T. Rowe Price U.S. High Yield ETF | THYF            |

## 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 U.S. High Yield ETF

- **b. EDGAR series identifier (if any):** S000077051

- **c. LEI of Series:** 549300BA4BIBITWKOB05

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $791938409.10

**Total Liabilities:** $7908025.22

**Net Assets:** $784030383.88

**Delayed Delivery Securities:** $18045000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000 | **1-Year:** -1044.781260 | **5-Year:** -919.093289 | **10-Year:** -3580.983184 | **30-Year:** -16615.188405

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

- **3-Month:** -2711.496756 | **1-Year:** -44023.215634 | **5-Year:** -138017.538432 | **10-Year:** -28109.661785 | **30-Year:** -2198.881740

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237191 | 0.89%                | 0.15%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $641332.25               | $2550524.35                                |
| Month 2  | $728390.65               | $-5231962.26                               |
| Month 3  | $-95074.64               | $-1056094.79                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 1261229 BC LTD 144A                      | 1261229 BC LTD SR SECURED 144A 04/32 10                | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   7420000 | PA      | $7661150.00   | 0.98%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC 144A               | AAR ESCROW ISSUER LLC COMPANY GUAR 144A 03/29 6.75     | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7185000 | PA      | $7436475.00   | 0.95%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN 144A             | AETHON UN/AETHIN UN FIN SR UNSECURED 144A 10/29 7.5    | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7275000 | PA      | $7556906.25   | 0.96%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER 144A            | ALLIANT HOLD / CO ISSUER SR SECURED 144A 01/31 7       | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7155000 | PA      | $7441200.00   | 0.95%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L 144A            | AMNEAL PHARMACEUTICALS L SR SECURED 144A 08/32 6.875   | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |   7630000 | PA      | $8049650.00   | 1.03%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS 144A            | ANYWHERE REAL EST/CO ISS SECURED 144A 04/30 7          | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8371349 | PA      | $8402741.56   | 1.07%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN 144A              | APH/APH2/APH3/AQUARIAN SR UNSECURED 144A 11/29 7.875   | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8710000 | PA      | $8764437.50   | 1.12%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER 2 144A              | ARETEC GROUP INC SR SECURED 144A 08/30 10              | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   9985000 | PA      | $10808762.50  | 1.38%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN 144A            | ASCENT RESOURCES/ARU FIN COMPANY GUAR 144A 07/33 6.625 | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7465000 | PA      | $7567643.75   | 0.97%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL 144A            | ASTON MARTIN CAPITAL HOL SR SECURED 144A 03/29 10      | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |   9715000 | PA      | $8658493.75   | 1.10%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC 144A                 | AVIANCA MIDCO 2 PLC SR SECURED 144A 02/30 9.625        | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3975000 | PA      | $3935250.00   | 0.50%             | 2030-02-14      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE 144A             | AVIS BUDGET CAR/FINANCE COMPANY GUAR 144A 01/30 8.25   | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10906000 | PA      | $11233180.00  | 1.43%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR 144A              | BLACKSTONE MORTGAGE TR SR SECURED 144A 12/29 7.75      | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   6880000 | PA      | $7206800.00   | 0.92%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC 144A                      | BOMBARDIER INC SR UNSECURED 144A 07/31 7.25            | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   7095000 | PA      | $7547306.25   | 0.96%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS 144A               | BREAD FINANCIAL HLDGS COMPANY GUAR 144A 05/31 6.75     | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   7826000 | PA      | $7962955.00   | 1.02%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC 144A            | BROOKFIELD PPTY REIT INC SR SECURED 144A 04/27 4.5     | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5659000 | PA      | $5538746.25   | 0.71%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP 144A              | CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 03/31 7.375   | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8550000 | PA      | $8721000.00   | 1.11%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP 144A              | CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 09/29 6.375   | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7270000 | PA      | $7360875.00   | 0.94%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                 | CELANESE US HOLDINGS LLC COMPANY GUAR 04/33 6.75       | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   7655000 | PA      | $7624954.13   | 0.97%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP 144A                   | CHORD ENERGY CORP COMPANY GUAR 144A 03/33 6.75         | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   7465000 | PA      | $7651625.00   | 0.98%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS 144A            | CHS/COMMUNITY HEALTH SYS SR SECURED 144A 01/32 10.875  | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   8405000 | PA      | $9045881.25   | 1.15%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC 144A              | CLOUD SOFTWARE GRP INC SECURED 144A 09/29 9            | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   8705000 | PA      | $8987912.50   | 1.15%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC 144A              | CLOUD SOFTWARE GRP INC SR SECURED 144A 06/32 8.25      | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   6930000 | PA      | $7311150.00   | 0.93%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HUDSON AUTOMOTIVE GROUP 144A             | COUGAR JV SUBSIDIARY LLC SR UNSECURED 144A 05/32 8     | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6873000 | PA      | $7285380.00   | 0.93%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE 144A             | CRESCENT ENERGY FINANCE COMPANY GUAR 144A 01/34 8.375  | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   7869000 | PA      | $7731292.50   | 0.99%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC 144A                    | CSC HOLDINGS LLC COMPANY GUAR 144A 05/28 11.25         | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2181625.00   | 0.28%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| DELUXE CORP 144A                         | DELUXE CORP SR SECURED 144A 09/29 8.125                | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   7315000 | PA      | $7662462.50   | 0.98%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC 144A            | DIG INTL FIN/DIFL US LLC SR SECURED 144A 08/32 8.625   | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   7534000 | PA      | $7712932.50   | 0.98%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC 144A               | DIRECTV FINANCING LLC SR SECURED 144A 02/30 8.875      | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5087000 | PA      | $5017053.75   | 0.64%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC 144A               | DIRECTV FINANCING LLC SR SECURED 144A 02/30 8.875      | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5003075.00   | 0.64%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                            | ECHOSTAR CORP SR SECURED 11/29 10.75                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   7840000 | PA      | $8643600.00   | 1.10%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                     | EDISON INTERNATIONAL JR SUBORDINA 06/53 VAR            | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   5840000 | PA      | $6015200.00   | 0.77%             | 2053-06-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                     | EDISON INTERNATIONAL JR SUBORDINA 06/54 VAR            | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   5375000 | PA      | $5522812.50   | 0.70%             | 2054-06-15      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC 144A               | EG GLOBAL FINANCE PLC SR SECURED 144A 11/28 12         | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |  10675000 | PA      | $11609852.45  | 1.48%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC TL 2L BANKDEBT     | ELLUCIAN HOLDINGS, INC. 2024 2ND LIEN TERM LOAN        | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   7375000 | PA      | $7411875.00   | 0.95%             | 2032-11-22      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                             | ENBRIDGE INC SUBORDINATED 01/84 VAR                    | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   7105000 | PA      | $7593184.55   | 0.97%             | 2084-01-15      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC 144A            | ENCORE CAPITAL GROUP INC SR SECURED 144A 04/31 6.625   | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   7865000 | PA      | $7865000.00   | 1.00%             | 2031-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HLDNG TL B 1L BANKDEBT      | ENDO LUX FINAN COMPANY I SARL 2024 1ST LIEN TERM LOAN  | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   7590493 | PA      | $7495611.40   | 0.96%             | 2031-04-23      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP 144A                | EXCELERATE ENERGY LP COMPANY GUAR 144A 05/30 8         | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |   7430000 | PA      | $7866512.50   | 1.00%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L 144A            | FIRST QUANTUM MINERALS L COMPANY GUAR 144A 03/33 8     | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   3730000 | PA      | $3935150.00   | 0.50%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L 144A            | FIRST QUANTUM MINERALS L COMPANY GUAR 144A 06/31 8.625 | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   7534000 | PA      | $7901282.50   | 1.01%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC 144A                       | FIRSTCASH INC COMPANY GUAR 144A 03/32 6.875            | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   2176000 | PA      | $2263040.00   | 0.29%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN 144A               | GENMAB A/S/GENMAB FIN SR UNSECURED 144A 12/33 7.25     | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |   7545000 | PA      | $7865662.50   | 1.00%             | 2033-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC 144A                    | GETTY IMAGES INC SR SECURED 144A 11/30 10.5            | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   3956000 | PA      | $3985670.00   | 0.51%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC 144A                 | GRAY MEDIA INC SR SECURED 144A 07/29 10.5              | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   5960000 | PA      | $6414450.00   | 0.82%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC 144A                      | GRAY MEDIA INC SR SECURED 144A 08/33 7.25              | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3015000 | PA      | $3015000.00   | 0.38%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO 144A                    | HAWAIIAN ELEC CO SR UNSECURED 144A 10/33 6             | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |   7575000 | PA      | $7650750.00   | 0.98%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC 144A                   | HERC HOLDINGS INC COMPANY GUAR 144A 06/33 7.25         | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   6620000 | PA      | $6975825.00   | 0.89%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE 144A                      | HERTZ CORP/THE SR SECURED 144A 07/29 12.625            | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   3920000 | PA      | $3900400.00   | 0.50%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN 144A            | HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 09/33 5.75  | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   4095000 | PA      | $4197375.00   | 0.54%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI 144A            | HLF FIN SARL LLC/HERBALI SR SECURED 144A 04/29 12.25   | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7180000 | PA      | $7772350.00   | 0.99%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| HRT DNT / HRT DNT FIN 144A               | HRT DNT / HRT DNT FIN SR SECURED 144A 04/28 10.5       | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2194000 | PA      | $2300957.50   | 0.29%             | 2028-04-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD 144A               | HUB INTERNATIONAL LTD SR SECURED 144A 06/30 7.25       | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   6390000 | PA      | $6677550.00   | 0.85%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS 144A                   | ILIAD HOLDING SAS SR SECURED 144A 04/32 7              | CUSIP: 449691AG9<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |   7335000 | PA      | $7572279.92   | 0.97%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INSTRUCTURE TL B 2L BANKDEBT             | INSTRUCTURE HOLDINGS INC 2024 2ND LIEN TERM LOAN       | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7485000 | PA      | $7485000.00   | 0.95%             | 2032-11-12      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH 144A                 | ITHACA ENERGY NORTH SR UNSECURED 144A 10/29 8.125      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |   7420000 | PA      | $7735350.00   | 0.99%             | 2029-10-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD 144A                   | IVANHOE MINES LTD COMPANY GUAR 144A 01/30 7.875        | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |   5985000 | PA      | $6134625.00   | 0.78%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY 144A             | JETBLUE AIRWAYS/LOYALTY SR SECURED 144A 09/31 9.875    | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  11175000 | PA      | $11007375.00  | 1.40%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES 144A             | K HOVNANIAN ENTERPRISES COMPANY GUAR 144A 10/33 8.375  | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   7575000 | PA      | $7783312.50   | 0.99%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP 144A                | KIOXIA HOLDINGS CORP COMPANY GUAR 144A 07/33 6.625     | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   3810000 | PA      | $3962400.00   | 0.51%             | 2033-07-24      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC 144A             | KODIAK GAS SERVICES LLC COMPANY GUAR 144A 10/33 6.5    | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   3347000 | PA      | $3409756.25   | 0.43%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA 144A             | LATAM AIRLINES GROUP SA SR SECURED 144A 01/31 7.625    | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   2680000 | PA      | $2790550.00   | 0.36%             | 2031-01-07      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA 144A             | LATAM AIRLINES GROUP SA SR SECURED 144A 04/30 7.875    | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   8470000 | PA      | $8851150.00   | 1.13%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS 144A            | LCM INVESTMENTS HOLDINGS SR UNSECURED 144A 08/31 8.25  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   7035000 | PA      | $7404337.50   | 0.94%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A               | LEVEL 3 FINANCING INC SR SECURED 144A 03/34 7          | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4551387 | PA      | $4665171.68   | 0.60%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A               | LEVEL 3 FINANCING INC SR SECURED 144A 06/33 6.875      | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   7550000 | PA      | $7701000.00   | 0.98%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC 144A                       | LGI HOMES INC COMPANY GUAR 144A 12/28 8.75             | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   6980000 | PA      | $7241750.00   | 0.92%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VICTRA TL B 1L BANKDEBT                  | LSF9 ATLANTIS HOLDINGS LLC 2025 TERM LOAN B            | CUSIP: 50226BAN8<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | LON              | CORP              | US        |   7435231 | PA      | $7435231.19   | 0.95%             | 2029-03-29      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC TL B1 1L BANKDEBT | LUMEN TECHNOLOGIES INC 2024 EXTENDED TERM LOAN B1      | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   3683279 | PA      | $3658895.65   | 0.47%             | 2029-04-16      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| CONDOR MERGER SUB INC 144A               | MCAFEE CORP SR UNSECURED 144A 02/30 7.375              | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $3865175.00   | 0.49%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI 144A            | MIDCONTINENT COMMUNICATI SR UNSECURED 144A 08/32 8     | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   7131000 | PA      | $7148827.50   | 0.91%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC 144A                      | NCR ATLEOS LLC SR SECURED 144A 04/29 9.5               | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |   5270000 | PA      | $5685012.50   | 0.73%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 144A                      | NRG ENERGY INC JR SUBORDINA 144A 12/99 VAR             | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3552000 | PA      | $3876120.00   | 0.49%             | 2174-09-15      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| ODEON FINCO PLC 144A                     | ODEON FINCO PLC SR SECURED 144A 11/27 12.75            | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |   7425000 | PA      | $7666312.50   | 0.98%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                     | ONEMAIN FINANCE CORP COMPANY GUAR 03/33 6.5            | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   7928000 | PA      | $7977550.00   | 1.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC 144A                   | ONESKY FLIGHT LLC SR UNSECURED 144A 12/29 8.875        | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   9250000 | PA      | $9770312.50   | 1.25%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC 144A                  | OSAIC HOLDINGS INC SR SECURED 144A 08/32 6.75          | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   7530000 | PA      | $7737075.00   | 0.99%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC 144A                  | PBF HOLDING CO LLC COMPANY GUAR 144A 03/30 9.875       | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $787500.00    | 0.10%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC 144A                  | PBF HOLDING CO LLC COMPANY GUAR 144A 09/30 7.875       | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7385000 | PA      | $7264993.75   | 0.93%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC 144A            | PERMIAN RESOURC OPTG LLC COMPANY GUAR 144A 01/32 7     | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   7155000 | PA      | $7450143.75   | 0.95%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC 144A               | QUIKRETE HOLDINGS INC SR UNSECURED 144A 03/33 6.75     | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   7210000 | PA      | $7516425.00   | 0.96%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES 144A             | SAKS GLOBAL ENTERPRS LLC SR SECURED 144A 12/29 11      | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |   6710000 | PA      | $1140700.00   | 0.15%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                 | SALLY HOLDINGS/SALLY CAP COMPANY GUAR 03/32 6.75       | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7275000 | PA      | $7593281.25   | 0.97%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU 144A            | SINCLAIR TELEVISION GROU SR SECURED 144A 02/33 8.125   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3937750.00   | 0.50%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT 144A             | SIX FLAGS ENTERTAINME COMPANY GUAR 144A 05/31 7.25     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |  14953000 | PA      | $14205350.00  | 1.81%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                 | SOUTH BOW CAN INFRA HOLD COMPANY GUAR 03/55 VAR        | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |  14595000 | PA      | $15470700.00  | 1.97%             | 2055-03-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP 144A                           | SUNOCO LP COMPANY GUAR 144A 05/29 7                    | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   6955000 | PA      | $7224506.25   | 0.92%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| T. Rowe Price Government Reserve Fund    | T. Rowe Price Government Reserve Fund                  | CUSIP: 000000000<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |  44461680 | NS      | $44461680.35  | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC 144A             | TALEN ENERGY SUPPLY LLC COMPANY GUAR 144A 02/36 6.5    | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   8256000 | PA      | $8514000.00   | 1.09%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP 144A               | TENET HEALTHCARE CORP SR SECURED 144A 11/32 5.5        | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   9770000 | PA      | $9916550.00   | 1.26%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC 144A                       | TRANSDIGM INC SR SECURED 144A 01/33 6                  | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1784000 | PA      | $1821910.00   | 0.23%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL 144A             | UNITI GROUP/CSL CAPITAL COMPANY GUAR 144A 06/32 8.625  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7438000 | PA      | $7140480.00   | 0.91%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS 144A            | UNIVISION COMMUNICATIONS SR SECURED 144A 08/32 9.375   | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   5515000 | PA      | $5845900.00   | 0.75%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN 144A            | USA COM PART/USA COM FIN COMPANY GUAR 144A 10/33 6.25  | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3885000 | PA      | $3904425.00   | 0.50%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VARSITY BRANDS INC TL B 1L USD BANKDEBT  | VARSITY BRANDS INC 2025 1ST LIEN TERM LOAN             | CUSIP: 92227QAG1<br>LEI: 254900PLBJA0I5NSTT38 | Long             | LON              | CORP              | US        |   7406438 | PA      | $7424953.59   | 0.95%             | 2031-08-26      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC 144A              | VENTURE GLOBAL LNG INC JR SUBORDINA 144A 12/99 VAR     | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   8240000 | PA      | $7014300.00   | 0.89%             | 2174-03-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE 144A               | VENTURE GLOBAL PLAQUE SR SECURED 144A 01/36 6.75       | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1388400.00   | 0.18%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                       | VICI PROPERTIES LP SR UNSECURED 05/52 5.625            | CUSIP: 925650AE3<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |  16620000 | PA      | $15677911.92  | 2.00%             | 2052-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP 144A                         | VISTRA CORP JR SUBORDINA 144A VAR                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   7223000 | PA      | $7349402.50   | 0.94%             | 2174-04-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC 144A                  | VOYAGER PARENT LLC SR SECURED 144A 07/32 9.25          | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   7325000 | PA      | $7746187.50   | 0.99%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV 144A             | VZ SECURED FINANCING BV SR SECURED 144A 01/33 7.5      | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   7690000 | PA      | $7800020.83   | 0.99%             | 2033-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                 | WARNERMEDIA HOLDINGS INC COMPANY GUAR 03/42 5.05       | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4906000 | PA      | $3912535.00   | 0.50%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA 144A            | WEATHERFORD INTERNATIONA COMPANY GUAR 144A 10/33 6.75  | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   7600000 | PA      | $7752000.00   | 0.99%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC 144A               | WILLIAMS SCOTSMAN INC SR SECURED 144A 10/31 7.375      | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   9780000 | PA      | $10183425.00  | 1.30%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC 144A             | WINDSTREAM SERVICES LLC SR SECURED 144A 10/33 7.5      | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   5067000 | PA      | $5168340.00   | 0.66%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR 144A            | WINDSTREAM SERVICES/ESCR SR SECURED 144A 10/31 8.25    | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5145000 | PA      | $5337937.50   | 0.68%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC 144A                    | WULF COMPUTE LLC SR SECURED 144A 10/30 7.75            | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7781000 | PA      | $8043608.75   | 1.03%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President