# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001795351-25-000512
**Filing Date:** 2025-8
**Character Count:** 52385
**Document Hash:** 8c0416087a7630dab260460198ac921b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001795351-25-000512.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001795351-25-000512

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**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:** 251256874

**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 Equity Income ETF (Series ID: S000067976)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000217972 | T. Rowe Price Equity Income ETF | TEQI            |

## 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 Equity Income ETF

- **b. EDGAR series identifier (if any):** S000067976

- **c. LEI of Series:** 549300491KLLU051IS08

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $327402070.68

**Total Liabilities:** $7331842.33

**Net Assets:** $320070228.35

**Cash Not Reported:** $518995.13

**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 C000217972 | -4.52%               | 3.88%                | 2.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-459676.59              | $-13021576.13                              |
| Month 2  | $482055.58               | $10213167.16                               |
| Month 3  | $8853713.26              | $-1187277.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                                                  | AGCO CORP COMMON STOCK USD.01                              | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     11660 | NS      | $1202845.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                   | AT+T INC COMMON STOCK USD1.0                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     17303 | NS      | $500748.82    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                                 | ABBVIE INC COMMON STOCK USD.01                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       347 | NS      | $64410.14     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                  | ADOBE INC COMMON STOCK USD.0001                            | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      2576 | NS      | $996602.88    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                                 | ADVANCED MICRO DEVICES COMMON STOCK USD.01                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     11081 | NS      | $1572393.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                          | ALLSTATE CORP COMMON STOCK USD.01                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      9774 | NS      | $1967603.94   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | ALPHABET INC CL C COMMON STOCK USD.001                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17738 | NS      | $3146543.82   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | ALPHABET INC CL A COMMON STOCK USD.001                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     22864 | NS      | $4029322.72   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                             | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     24417 | NS      | $5356845.63   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                                | AMEREN CORPORATION COMMON STOCK USD.01                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     40797 | NS      | $3918143.88   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                           | AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     44897 | NS      | $3842734.23   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                                        | ELEVANCE HEALTH INC COMMON STOCK USD.01                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     15419 | NS      | $5997374.24   | 1.87%             |  |  |  | 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        |      6223 | NS      | $882857.01    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                      | APPLIED MATERIALS INC COMMON STOCK USD.01                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     11968 | NS      | $2190981.76   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                            | ASTRAZENECA PLC SPONS ADR ADR                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     28435 | NS      | $1987037.80   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                          | ATMOS ENERGY CORP COMMON STOCK                             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |       215 | NS      | $33133.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                            | BAKER HUGHES CO COMMON STOCK USD.0001                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1488 | NS      | $57049.92     | 0.02%             |  |  |  | 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        |     76316 | NS      | $3611273.12   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                                      | BECTON DICKINSON AND CO COMMON STOCK USD1.0                | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     25704 | NS      | $4427514.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                                 | BIOGEN INC COMMON STOCK USD.0005                           | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      6043 | NS      | $758940.37    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                              | BOEING CO/THE COMMON STOCK USD5.0                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     27952 | NS      | $5856782.56   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                    | BRISTOL MYERS SQUIBB CO COMMON STOCK USD.1                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     27139 | NS      | $1256264.31   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                                 | CF INDUSTRIES HOLDINGS INC COMMON STOCK USD.01             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     48601 | NS      | $4471292.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                            | THE CIGNA GROUP COMMON STOCK USD.01                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     10332 | NS      | $3415552.56   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                                   | CSX CORP COMMON STOCK USD1.0                               | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    102697 | NS      | $3351003.11   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                            | CVS HEALTH CORP COMMON STOCK USD.01                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     60680 | NS      | $4185706.40   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                        | CARDINAL HEALTH INC COMMON STOCK                           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      1872 | NS      | $314496.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                               | CENTENE CORP COMMON STOCK USD.001                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      1233 | NS      | $66927.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                         | EXPAND ENERGY CORP COMMON STOCK USD.01                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     15847 | NS      | $1853148.18   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | CHEVRON CORP COMMON STOCK USD.75                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5757 | NS      | $824344.83    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                          | CISCO SYSTEMS INC COMMON STOCK USD.001                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1015 | NS      | $70420.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                              | CITIGROUP INC COMMON STOCK USD.01                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     67130 | NS      | $5714105.60   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                                       | COLGATE PALMOLIVE CO COMMON STOCK USD1.0                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     40312 | NS      | $3664360.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                               | COMCAST CORP CLASS A COMMON STOCK USD.01                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     50248 | NS      | $1793351.12   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                         | CONAGRA BRANDS INC COMMON STOCK USD5.0                     | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     49365 | NS      | $1010501.55   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                             | CONOCOPHILLIPS COMMON STOCK USD.01                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     47342 | NS      | $4248471.08   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                                   | COREBRIDGE FINANCIAL INC COMMON STOCK USD.01               | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     42576 | NS      | $1511448.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                                | CUMMINS INC COMMON STOCK USD2.5                            | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      6096 | NS      | $1996440.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                         | WALT DISNEY CO/THE COMMON STOCK USD.01                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     30272 | NS      | $3754030.72   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                                        | DOLLAR GENERAL CORP COMMON STOCK USD.875                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      8180 | NS      | $935628.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                        | DOMINION ENERGY INC COMMON STOCK                           | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     43835 | NS      | $2477554.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG RESOURCES INC COMMON STOCK USD.01                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     11124 | NS      | $1330541.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                   | EQT CORP COMMON STOCK                                      | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     31732 | NS      | $1850610.24   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                               | ENBRIDGE INC COMMON STOCK                                  | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |       749 | NS      | $33944.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                     | EQUITABLE HOLDINGS INC COMMON STOCK USD.01                 | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     88459 | NS      | $4962549.90   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                         | EQUITY RESIDENTIAL REIT USD.01                             | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     70314 | NS      | $4745491.86   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                           | EXXON MOBIL CORP COMMON STOCK                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     39160 | NS      | $4221448.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                         | META PLATFORMS INC CLASS A COMMON STOCK USD.000006         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2565 | NS      | $1893200.85   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                                   | FERGUSON ENTERPRISES INC COMMON STOCK USD.0001             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      2691 | NS      | $585965.25    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                        | FIFTH THIRD BANCORP COMMON STOCK                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     76532 | NS      | $3147761.16   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                 | FISERV INC COMMON STOCK USD.01                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     16128 | NS      | $2780628.48   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                                               | FORTIVE CORP COMMON STOCK USD.01                           | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     41973 | NS      | $2188052.49   | 0.68%             |  |  |  | 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        |       696 | NS      | $51552.72     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                             | GE VERNOVA INC COMMON STOCK USD.01                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       131 | NS      | $69318.65     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                        | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     15990 | NS      | $4115666.10   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                          | GENERAL MOTORS CO COMMON STOCK USD.01                      | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     31726 | NS      | $1561236.46   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                                        | GLOBAL PAYMENTS INC COMMON STOCK                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      5722 | NS      | $457988.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The                           | HARTFORD INSURANCE GROUP INC COMMON STOCK USD.01           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     28303 | NS      | $3590801.61   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                                  | HESS CORP COMMON STOCK USD1.0                              | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      7400 | NS      | $1025196.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                         | HOME DEPOT INC COMMON STOCK USD.05                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      6987 | NS      | $2561713.68   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                                 | HUMANA INC COMMON STOCK USD.1666666                        | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1487 | NS      | $363541.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                               | HUNTINGTON BANCSHARES INC COMMON STOCK USD.01              | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    207420 | NS      | $3476359.20   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                                 | INTEL CORP COMMON STOCK USD.001                            | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     55809 | NS      | $1250121.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                                     | INTERNATIONAL PAPER CO COMMON STOCK USD1.0                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     89581 | NS      | $4195078.23   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                        | JPMORGAN CHASE + CO COMMON STOCK USD1.0                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20557 | NS      | $5959679.87   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                          | JOHNSON + JOHNSON COMMON STOCK USD1.0                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      9448 | NS      | $1443182.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                                 | KENVUE INC COMMON STOCK USD.01                             | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    215308 | NS      | $4506396.44   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                                       | KEURIG DR PEPPER INC COMMON STOCK USD.01                   | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     11032 | NS      | $364717.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                                        | KIMBERLY CLARK CORP COMMON STOCK USD1.25                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     42411 | NS      | $5467626.12   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl s Corp                                                | KOHLS CORP COMMON STOCK USD.01                             | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |      8151 | NS      | $69120.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                                  | L3HARRIS TECHNOLOGIES INC COMMON STOCK USD1.0              | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     22659 | NS      | $5683783.56   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                       | LAS VEGAS SANDS CORP COMMON STOCK USD.001                  | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     80141 | NS      | $3486934.91   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                                                 | LOEWS CORP COMMON STOCK USD.01                             | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     34321 | NS      | $3145862.86   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                                 | MATTEL INC COMMON STOCK USD1.0                             | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     66997 | NS      | $1321180.84   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                             | MERCK + CO. INC. COMMON STOCK USD.5                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     25065 | NS      | $1984145.40   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                                | METLIFE INC COMMON STOCK USD.01                            | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     85797 | NS      | $6899794.74   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7012 | NS      | $3487838.92   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                             | MORGAN STANLEY COMMON STOCK USD.01                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      5606 | NS      | $789661.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                                  | NEWS CORP   CLASS A COMMON STOCK USD.01                    | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    117954 | NS      | $3505592.88   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                                  | NEWS CORP   CLASS B COMMON STOCK                           | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |      1161 | NS      | $39833.91     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                         | NEXTERA ENERGY INC COMMON STOCK USD.01                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     38472 | NS      | $2670726.24   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                               | NISOURCE INC COMMON STOCK USD.01                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |        20 | NS      | $806.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                      | NORFOLK SOUTHERN CORP COMMON STOCK USD1.0                  | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      7329 | NS      | $1876004.13   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                                  | P G + E CORP COMMON STOCK                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     13560 | NS      | $189026.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                                 | PFIZER INC COMMON STOCK USD.05                             | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      2650 | NS      | $64236.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     27895 | NS      | $5080516.35   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                | PHILLIPS 66 COMMON STOCK                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     12282 | NS      | $1465242.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                    | PROCTER + GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     21829 | NS      | $3477796.28   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                               | QUALCOMM INC COMMON STOCK USD.0001                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     40194 | NS      | $6401296.44   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                              | RALLIANT CORP COMMON STOCK USD.01                          | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13991 | NS      | $678423.59    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                               | RAYONIER INC REIT                                          | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     76206 | NS      | $1690249.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund                      | T. Rowe Price Government Reserve Fund \u2013 Collateral    | CUSIP: 76105YYY8<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |   7131681 | NS      | $7131681.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                              | REXFORD INDUSTRIAL REALTY IN REIT USD.01                   | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     48932 | NS      | $1740511.24   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                                    | ROCKWELL AUTOMATION INC COMMON STOCK USD1.0                | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      6486 | NS      | $2154454.62   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | SALESFORCE INC COMMON STOCK USD.001                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     13258 | NS      | $3615324.02   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                                  | SANOFI ADR ADR                                             | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     48225 | NS      | $2329749.75   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                            | SCHLUMBERGER LTD COMMON STOCK USD.01                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     66698 | NS      | $2254392.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                    | SCHWAB (CHARLES) CORP COMMON STOCK USD.01                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     67370 | NS      | $6146838.80   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                     | SEMPRA COMMON STOCK                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     35216 | NS      | $2668316.32   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                                             | SOUTH BOW CORP COMMON STOCK NPV                            | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |     51598 | NS      | $1336904.18   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Co/The                                            | SOUTHERN CO/THE COMMON STOCK USD5.0                        | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     70632 | NS      | $6486136.56   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                                      | SOUTHWEST AIRLINES CO COMMON STOCK USD1.0                  | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    100685 | NS      | $3266221.40   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                                 | STANLEY BLACK + DECKER INC COMMON STOCK USD2.5             | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     53818 | NS      | $3646169.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                          | STATE STREET CORP COMMON STOCK USD1.0                      | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     15062 | NS      | $1601693.08   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    118595 | NS      | $118594.66    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                        | SUN COMMUNITIES INC REIT USD.01                            | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      4291 | NS      | $542768.59    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                          | SUNCOR ENERGY INC COMMON STOCK                             | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      1751 | NS      | $65574.95     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                            | TJX COMPANIES INC COMMON STOCK USD1.0                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       510 | NS      | $62979.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                             | TC ENERGY CORP COMMON STOCK                                | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     28879 | NS      | $1409006.41   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Texas Instruments Inc                                      | TEXAS INSTRUMENTS INC COMMON STOCK USD1.0                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     16627 | NS      | $3452097.74   | 1.08%             |  |  |  | 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        |      3121 | NS      | $1265440.66   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                                      | 3M CO COMMON STOCK USD.01                                  | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      5862 | NS      | $892430.88    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                           | TOTALENERGIES SE  SPON ADR ADR                             | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     87437 | NS      | $5367757.43   | 1.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Tyson Foods Inc                                            | TYSON FOODS INC CL A COMMON STOCK USD.1                    | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     45264 | NS      | $2532068.16   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                                 | US BANCORP COMMON STOCK USD.01                             | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     66380 | NS      | $3003695.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                                  | UNITED PARCEL SERVICE CL B COMMON STOCK USD.01             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     26141 | NS      | $2638672.54   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                     | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      8192 | NS      | $2555658.24   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                                 | VERIZON COMMUNICATIONS INC COMMON STOCK USD.1              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     20647 | NS      | $893395.69    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                                | VIATRIS INC COMMON STOCK                                   | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    244666 | NS      | $2184867.38   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                       | VORNADO REALTY TRUST REIT USD.04                           | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1709 | NS      | $65352.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                | WALMART INC COMMON STOCK USD.1                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     20917 | NS      | $2045264.26   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                           | WELLS FARGO + CO COMMON STOCK USD1.666                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     75716 | NS      | $6066365.92   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                                  | WEST FRASER TIMBER CO LTD COMMON STOCK                     | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     15324 | NS      | $1123249.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                            | WEYERHAEUSER CO REIT USD1.25                               | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    132732 | NS      | $3409885.08   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                       | WILLIAMS COS INC COMMON STOCK USD1.0                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     31278 | NS      | $1964571.18   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                            | XCEL ENERGY INC COMMON STOCK USD2.5                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     10660 | NS      | $725946.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                                 | ZIMMER BIOMET HOLDINGS INC COMMON STOCK USD.01             | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     47223 | NS      | $4307209.83   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                              | ACCENTURE PLC CL A COMMON STOCK USD.0000225                | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      8983 | NS      | $2684928.87   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                              | MEDTRONIC PLC COMMON STOCK USD.1                           | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     31953 | NS      | $2785343.01   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                        | TE CONNECTIVITY PLC COMMON STOCK USD.01                    | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      2956 | NS      | $498588.52    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                  | CHUBB LTD COMMON STOCK                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     17052 | NS      | $4940305.44   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                      | NXP SEMICONDUCTORS NV COMMON STOCK EUR.2                   | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     12386 | NS      | $2706217.14   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-04

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President