# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-002579
**Filing Date:** 2026-2
**Character Count:** 31491
**Document Hash:** 06ec2c3bfeeb759d2c9d210e1c4eb281
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002579.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001099263-26-002579

**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:** 26686625

**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 Growth ETF (Series ID: S000079835)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000241223 | T. Rowe Price Growth ETF | TGRT            |

## 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 Growth ETF

- **b. EDGAR series identifier (if any):** S000079835

- **c. LEI of Series:** 254900FZOQLOMTZRS328

**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:** $906818591.16

**Total Liabilities:** $298322.21

**Net Assets:** $906520268.95

**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 C000241223 | 3.94%                | -1.83%               | -0.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2101601.61              | $33406361.29                               |
| Month 2  | $-1545429.12             | $-14739581.34                              |
| Month 3  | $7307522.16              | $-12708988.82                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANCED MICRO DEVICES          | ADVANCED MICRO DEVICES COMMON STOCK USD.01                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     32166 | NS      | $6888670.56   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN NV-UNSPON ADR             | ADYEN NV UNSPON ADR ADR                                    | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |    274426 | NS      | $4382583.22   | 0.48%             |  |  |  | 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        |    217346 | NS      | $68029298.00  | 7.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                  | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    193098 | NS      | $44570880.36  | 4.92%             |  |  |  | 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        |    122213 | NS      | $16515864.82  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC    | APOLLO GLOBAL MANAGEMENT INC COMMON STOCK USD.0001         | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     15537 | NS      | $2249136.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                       | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    322980 | NS      | $87805342.80  | 9.69%             |  |  |  | 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        |     13403 | NS      | $9031209.46   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP            | ARES MANAGEMENT CORP   A COMMON STOCK                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     19386 | NS      | $3133359.18   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE - ADR                 | ARGENX SE   ADR ADR                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      5634 | NS      | $4737912.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC             | ARISTA NETWORKS INC COMMON STOCK USD.0001                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     86764 | NS      | $11368686.92  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING       | AUTOMATIC DATA PROCESSING COMMON STOCK USD.1               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      4817 | NS      | $1239076.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                       | BLOCK INC COMMON STOCK USD.0000001                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    169386 | NS      | $11025334.74  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                   | BOEING CO/THE COMMON STOCK USD5.0                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     18352 | NS      | $3984586.24   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC            | BOOKING HOLDINGS INC COMMON STOCK USD.008                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1694 | NS      | $9071929.02   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                    | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    135111 | NS      | $46761917.10  | 5.16%             |  |  |  | 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        |      4782 | NS      | $1494757.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                      | CARVANA CO COMMON STOCK USD.001                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      9971 | NS      | $4207961.42   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                     | CENCORA INC COMMON STOCK USD.01                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     11541 | NS      | $3897972.75   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC      | CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01             | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    123045 | NS      | $4552665.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                      | CIENA CORP COMMON STOCK USD.01                             | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     13778 | NS      | $3222260.86   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                   | CME GROUP INC COMMON STOCK USD.01                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      9609 | NS      | $2624025.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP           | COSTCO WHOLESALE CORP COMMON STOCK USD.005                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6401 | NS      | $5519838.34   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| COUPANG INC-A                   | COUPANG INC COMMON STOCK USD.0001                          | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    146408 | NS      | $3453764.72   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC - A    | CROWDSTRIKE HOLDINGS INC   A COMMON STOCK                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      9044 | NS      | $4239465.44   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                    | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     17503 | NS      | $4006786.76   | 0.44%             |  |  |  | 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        |     37210 | NS      | $5060187.90   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC - A                | DOORDASH INC   A COMMON STOCK USD.00001                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     22211 | NS      | $5030347.28   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                      | ECOLAB INC COMMON STOCK USD1.0                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      7542 | NS      | $1979925.84   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                  | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     23102 | NS      | $24827257.36  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTEGRIS INC                    | ENTEGRIS INC COMMON STOCK USD.01                           | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     63663 | NS      | $5363607.75   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                     | EQUIFAX INC COMMON STOCK USD1.25                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     14902 | NS      | $3233435.96   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                        | FABRINET COMMON STOCK USD.01                               | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      8840 | NS      | $4024675.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                    | FORTINET INC COMMON STOCK USD.001                          | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     27037 | NS      | $2147008.17   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA LLC                  | GE VERNOVA INC COMMON STOCK USD.01                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      3797 | NS      | $2481605.29   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                    | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     17605 | NS      | $5422868.15   | 0.60%             |  |  |  | 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        |      7751 | NS      | $2226474.75   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                  | HOME DEPOT INC COMMON STOCK USD.05                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     14953 | NS      | $5145327.30   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC            | HOWMET AEROSPACE INC COMMON STOCK                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     48909 | NS      | $10027323.18  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                     | HUBSPOT INC COMMON STOCK USD.001                           | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     15807 | NS      | $6343349.10   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL-RAND INC              | INGERSOLL RAND INC COMMON STOCK USD.01                     | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     24764 | NS      | $1961804.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                      | INTUIT INC COMMON STOCK USD.01                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     21933 | NS      | $14528857.86  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC          | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     24339 | NS      | $13784636.04  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORP      | LATTICE SEMICONDUCTOR CORP COMMON STOCK USD.01             | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     57000 | NS      | $4194060.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                       | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      3669 | NS      | $1564424.91   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS            | MARSH + MCLENNAN COS COMMON STOCK USD1.0                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      8183 | NS      | $1518110.16   | 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        |     40774 | NS      | $23277061.12  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                   | MCKESSON CORP COMMON STOCK USD.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4937 | NS      | $4049771.73   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE INC-CL A                | MEDLINE INC CL A COMMON STOCK USD.0001                     | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     18846 | NS      | $791532.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                | MERCADOLIBRE INC COMMON STOCK USD.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2879 | NS      | $5799054.54   | 0.64%             |  |  |  | No            |                  1 | 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        |     54375 | NS      | $35892393.75  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                  | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    195988 | NS      | $94783716.56  | 10.46%            |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB INC                     | MONGODB INC COMMON STOCK USD.001                           | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      8337 | NS      | $3498955.53   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                      | NATERA INC COMMON STOCK                                    | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     21946 | NS      | $5027609.14   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                     | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    108977 | NS      | $10217683.52  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                     | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    609458 | NS      | $113663917.00 | 12.54%            |  |  |  | No            |                  1 | On Loan: No      |
| O REILLY AUTOMOTIVE INC         | O REILLY AUTOMOTIVE INC COMMON STOCK USD.01                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     31093 | NS      | $2835992.53   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                     | ORACLE CORP COMMON STOCK USD.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     28852 | NS      | $5623543.32   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC-A     | PALANTIR TECHNOLOGIES INC A COMMON STOCK USD.001           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     37136 | NS      | $6600924.00   | 0.73%             |  |  |  | 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        |     15097 | NS      | $2780867.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL     | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     11423 | NS      | $1832249.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                    | QUALCOMM INC COMMON STOCK USD.0001                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     10759 | NS      | $1840326.95   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                  | SERVICENOW INC COMMON STOCK USD.001                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     59748 | NS      | $9152796.12   | 1.01%             |  |  |  | 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        |      5890 | NS      | $1908536.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC - CLASS A           | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     29835 | NS      | $4802539.95   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA           | SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      5171 | NS      | $3002851.41   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORP                  | STARBUCKS CORP COMMON STOCK USD.001                        | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     43108 | NS      | $3630124.68   | 0.40%             |  |  |  | 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        |   2198718 | NS      | $2198717.69   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                    | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     15654 | NS      | $5501911.38   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR     | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      7755 | NS      | $2356666.95   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                       | TESLA INC COMMON STOCK USD.001                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     30997 | NS      | $13939970.84  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                 | THE CIGNA GROUP COMMON STOCK USD.01                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      9398 | NS      | $2586611.54   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC               | TJX COMPANIES INC COMMON STOCK USD1.0                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     28202 | NS      | $4332109.22   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWER SEMICONDUCTOR LTD         | TOWER SEMICONDUCTOR LTD COMMON STOCK ILS15.0               | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     18537 | NS      | $2176614.54   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC-CLASS A    | TRADEWEB MARKETS INC CLASS A COMMON STOCK USD.00001        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42254 | NS      | $4543995.16   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC             | TRANSDIGM GROUP INC COMMON STOCK USD.01                    | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1166 | NS      | $1550605.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC           | UBER TECHNOLOGIES INC COMMON STOCK USD.00001               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     31837 | NS      | $2601401.27   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC          | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     19330 | NS      | $6381026.30   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC      | VERTEX PHARMACEUTICALS INC COMMON STOCK USD.01             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      5006 | NS      | $2269520.16   | 0.25%             |  |  |  | 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        |     67494 | NS      | $23670820.74  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                     | WALMART INC COMMON STOCK USD.1                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     24189 | NS      | $2694896.49   | 0.30%             |  |  |  | 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