# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-002573
**Filing Date:** 2026-2
**Character Count:** 35923
**Document Hash:** 1b16ae2a12dd27eecb16ed9c0411d2f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002573.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001099263-26-002573

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 26686619

**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 Dividend Growth ETF (Series ID: S000067975)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000217971 | T. Rowe Price Dividend Growth ETF | TDVG            |

## 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 Dividend Growth ETF

- **b. EDGAR series identifier (if any):** S000067975

- **c. LEI of Series:** 549300KSTQCK8M5RT415

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1177780714.69

**Total Liabilities:** $502077.59

**Net Assets:** $1177278637.10

**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 C000217971 | 0.25%                | 2.54%                | -0.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2137824.04             | $4384293.20                                |
| Month 2  | $1372841.47              | $26788558.54                               |
| Month 3  | $1116199.56              | $-5757930.84                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBVIE INC                      | ABBVIE INC COMMON STOCK USD.01                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     66563 | NS      | $15208979.87  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC CL A              | ACCENTURE PLC CL A COMMON STOCK USD.0000225                | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     23791 | NS      | $6383125.30   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION              | AMEREN CORPORATION COMMON STOCK USD.01                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    132576 | NS      | $13239039.36  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO             | AMERICAN EXPRESS CO COMMON STOCK USD.2                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     53929 | NS      | $19951033.55  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP             | AMERICAN TOWER CORP REIT USD.01                            | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     43874 | NS      | $7702958.18   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP-CL A              | AMPHENOL CORP CL A COMMON STOCK USD.001                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    132542 | NS      | $17911725.88  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC              | ANALOG DEVICES INC COMMON STOCK USD.167                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     58570 | NS      | $15884184.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC-CLASS A                 | AON PLC CLASS A COMMON STOCK                               | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     10256 | NS      | $3619137.28   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                       | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    230632 | NS      | $62699615.52  | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC           | APPLIED MATERIALS INC COMMON STOCK USD.01                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     32887 | NS      | $8451630.13   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR       | ASTRAZENECA PLC SPONS ADR ADR                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    156200 | NS      | $14359466.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP               | ATMOS ENERGY CORP COMMON STOCK                             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     57749 | NS      | $9680464.87   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING       | AUTOMATIC DATA PROCESSING COMMON STOCK USD.1               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     25964 | NS      | $6678719.72   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORP             | AVERY DENNISON CORP COMMON STOCK USD1.0                    | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     36582 | NS      | $6653534.16   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP            | BANK OF AMERICA CORP COMMON STOCK USD.01                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    411321 | NS      | $22622655.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON AND CO         | BECTON DICKINSON AND CO COMMON STOCK USD1.0                | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     24352 | NS      | $4725992.64   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                    | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    116879 | NS      | $40451821.90  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIO    | BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK USD.01           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     57423 | NS      | $12815090.91  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                 | CATERPILLAR INC COMMON STOCK USD1.0                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     14648 | NS      | $8391399.76   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                       | CHUBB LTD COMMON STOCK                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     70952 | NS      | $22145538.24  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC               | CISCO SYSTEMS INC COMMON STOCK USD.001                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     71228 | NS      | $5486692.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                   | CME GROUP INC COMMON STOCK USD.01                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     18574 | NS      | $5072187.92   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                 | CMS ENERGY CORP COMMON STOCK USD.01                        | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     78450 | NS      | $5486008.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE                | COCA COLA CO/THE COMMON STOCK USD.25                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    212393 | NS      | $14848394.63  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO            | COLGATE PALMOLIVE CO COMMON STOCK USD1.0                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    139345 | NS      | $11011041.90  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                  | CONOCOPHILLIPS COMMON STOCK USD.01                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    117480 | NS      | $10997302.80  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP           | COSTCO WHOLESALE CORP COMMON STOCK USD.005                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6439 | NS      | $5552607.26   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                        | CSX CORP COMMON STOCK USD1.0                               | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    218984 | NS      | $7938170.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                    | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     53869 | NS      | $12331691.48  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                      | DEERE + CO COMMON STOCK USD1.0                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     27453 | NS      | $12781293.21  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC             | ELEVANCE HEALTH INC COMMON STOCK USD.01                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     13040 | NS      | $4571172.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                  | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     19843 | NS      | $21324875.24  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC               | EOG RESOURCES INC COMMON STOCK USD.01                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     53622 | NS      | $5630846.22   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                        | EQT CORP COMMON STOCK                                      | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      4775 | NS      | $255940.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL              | EQUITY RESIDENTIAL REIT USD.01                             | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    179264 | NS      | $11300802.56  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                | EXXON MOBIL CORP COMMON STOCK                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    140331 | NS      | $16887432.54  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC  | GE HEALTHCARE TECHNOLOGY COMMON STOCK USD.01               | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     55263 | NS      | $4532671.26   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA LLC                  | GE VERNOVA INC COMMON STOCK USD.01                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      5534 | NS      | $3616856.38   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                    | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     89676 | NS      | $27622898.28  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC             | GILEAD SCIENCES INC COMMON STOCK USD.001                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     85931 | NS      | $10547170.94  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC         | GOLDMAN SACHS GROUP INC COMMON STOCK USD.01                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      9868 | NS      | $8673972.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC/T  | HARTFORD INSURANCE GROUP INC COMMON STOCK USD.01           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     60500 | NS      | $8336900.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC   | HILTON WORLDWIDE HOLDINGS IN COMMON STOCK USD.01           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     53381 | NS      | $15333692.25  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                  | HOME DEPOT INC COMMON STOCK USD.05                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     43196 | NS      | $14863743.60  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC     | HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.0            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     32645 | NS      | $6368713.05   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC            | HOWMET AEROSPACE INC COMMON STOCK                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     75927 | NS      | $15566553.54  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS             | ILLINOIS TOOL WORKS COMMON STOCK USD.01                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      9864 | NS      | $2429503.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                      | INTUIT INC COMMON STOCK USD.01                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      9218 | NS      | $6106187.56   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN CHASE & CO.         | JPMORGAN CHASE + CO COMMON STOCK USD1.0                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    118692 | NS      | $38244936.24  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                        | KLA CORP COMMON STOCK USD.001                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     15010 | NS      | $18238350.80  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                       | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     36819 | NS      | $15699253.41  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL -CL A    | MARRIOTT INTERNATIONAL  CL A COMMON STOCK USD.01           | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     11682 | NS      | $3624223.68   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS            | MARSH + MCLENNAN COS COMMON STOCK USD1.0                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     86302 | NS      | $16010747.04  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD S CORP                 | MCDONALD S CORP COMMON STOCK USD.01                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     41518 | NS      | $12689146.34  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                   | MCKESSON CORP COMMON STOCK USD.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     18355 | NS      | $15056422.95  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                  | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    151304 | NS      | $73173640.48  | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC      | MONDELEZ INTERNATIONAL INC A COMMON STOCK                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    160368 | NS      | $8632609.44   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                  | MORGAN STANLEY COMMON STOCK USD.01                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    104134 | NS      | $18486909.02  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC              | NEXTERA ENERGY INC COMMON STOCK USD.01                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    101110 | NS      | $8117110.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC -CL B                  | NIKE INC  CL B COMMON STOCK                                | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     59093 | NS      | $3764815.03   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP           | NORTHROP GRUMMAN CORP COMMON STOCK USD1.0                  | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     25071 | NS      | $14295734.91  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE       | OLD DOMINION FREIGHT LINE COMMON STOCK USD.1               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     44262 | NS      | $6940281.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL     | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     76351 | NS      | $12246700.40  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                | PROGRESSIVE CORP COMMON STOCK USD1.0                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     48870 | NS      | $11128676.40  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                    | QUALCOMM INC COMMON STOCK USD.0001                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     34637 | NS      | $5924658.85   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC           | QUEST DIAGNOSTICS INC COMMON STOCK USD.01                  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     54437 | NS      | $9446452.61   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION INC         | ROCKWELL AUTOMATION INC COMMON STOCK USD1.0                | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     13494 | NS      | $5250110.58   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC          | ROPER TECHNOLOGIES INC COMMON STOCK USD.01                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     13747 | NS      | $6119202.11   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                 | ROSS STORES INC COMMON STOCK USD.01                        | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     93243 | NS      | $16796794.02  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC           | RPM INTERNATIONAL INC COMMON STOCK USD.01                  | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     27560 | NS      | $2866240.00   | 0.24%             |  |  |  | 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        |     15919 | NS      | $8319110.21   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP           | SCHWAB (CHARLES) CORP COMMON STOCK USD.01                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    165317 | NS      | $16516821.47  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE         | SHERWIN WILLIAMS CO/THE COMMON STOCK USD1.0                | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     32867 | NS      | $10649894.01  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                         | SLB LTD COMMON STOCK USD.01                                | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    168050 | NS      | $6449759.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                 | SOUTHERN CO/THE COMMON STOCK USD5.0                        | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     42850 | NS      | $3736520.00   | 0.32%             |  |  |  | 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        |  14716721 | NS      | $14716720.74  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                    | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     33778 | NS      | $11871953.66  | 1.01%             |  |  |  | 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        |     61159 | NS      | $12417723.36  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR     | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     33405 | NS      | $10151445.45  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC             | TE CONNECTIVITY PLC COMMON STOCK USD.01                    | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     50256 | NS      | $11433742.56  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC           | TEXAS INSTRUMENTS INC COMMON STOCK USD1.0                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     43426 | NS      | $7533976.74   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                 | THE CIGNA GROUP COMMON STOCK USD.01                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2379 | NS      | $654772.17    | 0.06%             |  |  |  | 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        |     27293 | NS      | $15814928.85  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY COMPANY          | TRACTOR SUPPLY COMPANY COMMON STOCK USD.008                | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     67691 | NS      | $3385226.91   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC          | TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0                 | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     20941 | NS      | $8150237.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP              | UNION PACIFIC CORP COMMON STOCK USD2.5                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     50998 | NS      | $11796857.36  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC          | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     36115 | NS      | $11921922.65  | 1.01%             |  |  |  | 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        |     97488 | NS      | $34190016.48  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                     | WALMART INC COMMON STOCK USD.1                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    185348 | NS      | $20649620.68  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC           | WASTE CONNECTIONS INC COMMON STOCK                         | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     66860 | NS      | $11724569.60  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                | WELLS FARGO + CO COMMON STOCK USD1.666                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    117702 | NS      | $10969826.40  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                | WILLIAMS COS INC COMMON STOCK USD1.0                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    102231 | NS      | $6145105.41   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WW GRAINGER INC                 | WW GRAINGER INC COMMON STOCK USD.5                         | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      3304 | NS      | $3333901.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM  BRANDS INC                 | YUM  BRANDS INC COMMON STOCK                               | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     43418 | NS      | $6568275.04   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President