# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001795351-25-000324
**Filing Date:** 2025-6
**Character Count:** 68156
**Document Hash:** 37e2dbdc4186bfea4d8ae115640ad543
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001795351-25-000324.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001795351-25-000324

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**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:** 251072511

**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 International Equity ETF (Series ID: S000079836)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000241224 | T. Rowe Price International Equity ETF | TOUS            |

## 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 International Equity ETF

- **b. EDGAR series identifier (if any):** S000079836

- **c. LEI of Series:** 254900HUJKWN0KWIF237

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $639241277.54

**Total Liabilities:** $19251615.41

**Net Assets:** $619989662.13

**Delayed Delivery Securities:** $1987571.06

**Cash Not Reported:** $1227057.40

**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 C000241224 | 4.50%                | 1.04%                | 3.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $232613.40               | $3941229.58                                |
| Month 2  | $27512.60                | $-8614254.72                               |
| Month 3  | $-781331.02              | $19881044.06                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BHP Group Ltd                                              | BHP GROUP LTD COMMON STOCK                                 | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    132467 | NS      | $3150302.06   | 0.51%             |  |  |  | No            |                  2 | On Loan: —       |
| Alibaba Group Holding Ltd                                  | ALIBABA GROUP HOLDING SP ADR ADR USD.000025                | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     16273 | NS      | $1943484.39   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                               | BRITISH AMERICAN TOBACCO PLC COMMON STOCK GBP.25           | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     86559 | NS      | $3770366.84   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                     | STANDARD CHARTERED PLC COMMON STOCK USD.5                  | CUSIP: G84228157<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    129953 | NS      | $1871746.22   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                                        | IMPERIAL BRANDS PLC COMMON STOCK GBP.1                     | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |    217993 | NS      | $8944918.76   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                            | ASTRAZENECA PLC SPONS ADR ADR                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    145391 | NS      | $10437619.89  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                          | HSBC HOLDINGS PLC COMMON STOCK USD.5                       | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    709802 | NS      | $7912432.18   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                                             | PRUDENTIAL PLC COMMON STOCK GBP.05                         | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    578672 | NS      | $6152888.78   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                                    | SSE PLC COMMON STOCK GBP.5                                 | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     74952 | NS      | $1689873.15   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                                     | BP PLC COMMON STOCK USD.25                                 | CUSIP: G12793108<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    626152 | NS      | $2891188.57   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Wimpey PLC                                          | TAYLOR WIMPEY PLC COMMON STOCK GBP.01                      | CUSIP: 000000000<br>LEI: 21380089BTRXTD8S3R66 | Long             | EC               | CORP              | GB        |   1287535 | NS      | $2023113.39   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                         | SMITH + NEPHEW PLC COMMON STOCK USD.2                      | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     25127 | NS      | $353601.76    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co                               | CANADIAN NATL RAILWAY CO COMMON STOCK                      | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     25504 | NS      | $2469925.32   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                         | CENOVUS ENERGY INC COMMON STOCK                            | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    134862 | NS      | $1587705.11   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Software Inc/Canada                          | CONSTELLATION SOFTWARE INC COMMON STOCK                    | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       837 | NS      | $3016472.47   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Descartes Systems Group Inc/The                            | DESCARTES SYSTEMS GRP/THE COMMON STOCK                     | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     27784 | NS      | $2925925.66   | 0.47%             |  |  |  | No            |                  2 | On Loan: —       |
| Element Fleet Management Corp                              | ELEMENT FLEET MANAGEMENT COR COMMON STOCK                  | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    156637 | NS      | $3430198.05   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group PLC                                               | BT GROUP PLC COMMON STOCK GBP.05                           | CUSIP: 000000000<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |   1640086 | NS      | $3806566.87   | 0.61%             |  |  |  | No            |                  2 | On Loan: —       |
| Barclays PLC                                               | BARCLAYS PLC COMMON STOCK GBP.25                           | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |   1410070 | NS      | $5617212.80   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                                    | GSK PLC SPON ADR ADR                                       | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     79513 | NS      | $3168593.05   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                  | AIRBUS SE COMMON STOCK EUR1.0                              | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     34764 | NS      | $5899120.60   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                                  | ADIDAS AG COMMON STOCK                                     | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      7881 | NS      | $1813351.39   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                        | LVMH MOET HENNESSY LOUIS VUI COMMON STOCK EUR.3            | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      5539 | NS      | $3068214.51   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                                  | THALES SA COMMON STOCK EUR3.0                              | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      7459 | NS      | $2089432.43   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                             | ICICI BANK LTD SPON ADR ADR                                | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     63385 | NS      | $2127200.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                           | DHL GROUP COMMON STOCK                                     | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     59381 | NS      | $2537231.19   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                                     | OMV AG COMMON STOCK                                        | CUSIP: 000000000<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     28987 | NS      | $1498732.54   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                                    | KT CORP SP ADR ADR                                         | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |    151234 | NS      | $2943013.64   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                      | SCHNEIDER ELECTRIC SE COMMON STOCK EUR4.0                  | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     12400 | NS      | $2897207.30   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                     | SAP SE COMMON STOCK                                        | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     33287 | NS      | $9739400.48   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                                | SWEDBANK AB   A SHARES COMMON STOCK                        | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |     89862 | NS      | $2243301.20   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                                    | HEIDELBERG MATERIALS AG COMMON STOCK                       | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     20317 | NS      | $4061642.08   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                                       | ASM INTERNATIONAL NV COMMON STOCK EUR.04                   | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      4087 | NS      | $1997672.30   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                                 | ALLIANZ SE REG COMMON STOCK                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     17911 | NS      | $7407572.38   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                                   | HERMES INTERNATIONAL COMMON STOCK                          | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       833 | NS      | $2290899.89   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                        | ERSTE GROUP BANK AG COMMON STOCK                           | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |     16280 | NS      | $1102507.79   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen  | MUENCHENER RUECKVERSICHERUNG COMMON STOCK                  | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      2887 | NS      | $1976467.58   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                     | MERCEDES BENZ GROUP AG COMMON STOCK                        | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     26969 | NS      | $1612444.41   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                                  | SANOFI COMMON STOCK EUR2.0                                 | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     69613 | NS      | $7615093.41   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                                 | SIEMENS AG REG COMMON STOCK                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     29976 | NS      | $6902316.36   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                        | DEUTSCHE TELEKOM AG REG COMMON STOCK                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    233897 | NS      | $8401003.48   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                           | MERCADOLIBRE INC COMMON STOCK USD.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2057 | NS      | $4794558.45   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                                   | INFINEON TECHNOLOGIES AG COMMON STOCK                      | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     45816 | NS      | $1517565.46   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                            | ERICSSON LM B SHS COMMON STOCK SEK5.0                      | CUSIP: 000000000<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    353148 | NS      | $2983175.19   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                                     | KONINKLIJKE PHILIPS NV COMMON STOCK EUR.2                  | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    177641 | NS      | $4508496.17   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc                                           | AJINOMOTO CO INC COMMON STOCK                              | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     95300 | NS      | $1949273.23   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings Ltd                                   | ASAHI GROUP HOLDINGS LTD COMMON STOCK                      | CUSIP: 000000000<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |    323300 | NS      | $4468746.01   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd                                     | ANZ GROUP HOLDINGS LTD COMMON STOCK                        | CUSIP: 000000000<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     84036 | NS      | $1606957.91   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp                                       | WESTPAC BANKING CORP COMMON STOCK                          | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |     68911 | NS      | $1446108.39   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd                                          | TELSTRA GROUP LTD COMMON STOCK                             | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    519817 | NS      | $1500241.81   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                     | DBS GROUP HOLDINGS LTD COMMON STOCK                        | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     82850 | NS      | $2691728.88   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                               | CHUGAI PHARMACEUTICAL CO LTD COMMON STOCK                  | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     66100 | NS      | $3807988.65   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                                  | KDDI CORP COMMON STOCK                                     | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |    197300 | NS      | $3496867.77   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                                 | DISCO CORP COMMON STOCK                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13890 | NS      | $2687429.86   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Canada                                    | NATIONAL BANK OF CANADA COMMON STOCK                       | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     19098 | NS      | $1677343.57   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc                         | MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK                  | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    658200 | NS      | $8292741.66   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                                | FUJITSU LIMITED COMMON STOCK                               | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |    128200 | NS      | $2848021.15   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hikari Tsushin Inc                                         | HIKARI TSUSHIN INC COMMON STOCK                            | CUSIP: 000000000<br>LEI: 3538001SOIIV8U3OXH94 | Long             | EC               | CORP              | JP        |      8500 | NS      | $2357708.88   | 0.38%             |  |  |  | No            |                  2 | On Loan: —       |
| Resona Holdings Inc                                        | RESONA HOLDINGS INC COMMON STOCK                           | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    292500 | NS      | $2346374.35   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                                                | HITACHI LTD COMMON STOCK                                   | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    211000 | NS      | $5214973.12   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Downer EDI Ltd                                             | DOWNER EDI LTD COMMON STOCK                                | CUSIP: 000000000<br>LEI: 254900DIW3F7OMWAO951 | Long             | EC               | CORP              | AU        |    906037 | NS      | $3308548.81   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                             | GALAXY ENTERTAINMENT GROUP L COMMON STOCK                  | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    368000 | NS      | $1329067.66   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                               | KEYENCE CORP COMMON STOCK                                  | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      7200 | NS      | $3010258.86   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp                                    | PANASONIC HOLDINGS CORP COMMON STOCK                       | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |    205700 | NS      | $2358548.47   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd                                   | MITSUBISHI ESTATE CO LTD COMMON STOCK                      | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    292300 | NS      | $5134534.56   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp                                   | MITSUBISHI ELECTRIC CORP COMMON STOCK                      | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |    155000 | NS      | $2998536.07   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                      | MITSUI FUDOSAN CO LTD COMMON STOCK                         | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    402700 | NS      | $3991017.40   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp                                   | RENESAS ELECTRONICS CORP COMMON STOCK                      | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    455000 | NS      | $5339542.40   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                            | NINTENDO CO LTD COMMON STOCK                               | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     26600 | NS      | $2208331.77   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Sanso Holdings Corp                                 | NIPPON SANSO HOLDINGS CORP COMMON STOCK                    | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |     90700 | NS      | $2902694.10   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Corp                                                | YAMAHA CORP COMMON STOCK                                   | CUSIP: 000000000<br>LEI: 529900S5TENP3IJS7S02 | Long             | EC               | CORP              | JP        |    125000 | NS      | $913616.87    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp                                          | NIPPON STEEL CORP COMMON STOCK                             | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |    172900 | NS      | $3639148.37   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                                               | OLYMPUS CORP COMMON STOCK                                  | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    211422 | NS      | $2770260.61   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiheiyo Cement Corp                                       | TAIHEIYO CEMENT CORP COMMON STOCK                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     84800 | NS      | $2283270.73   | 0.37%             |  |  |  | No            |                  2 | On Loan: —       |
| ORIX Corp                                                  | ORIX CORP COMMON STOCK                                     | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    124300 | NS      | $2493461.63   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd                                         | QANTAS AIRWAYS LTD COMMON STOCK                            | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    398885 | NS      | $2255263.77   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                 | SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW100.0           | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     67912 | NS      | $2649758.81   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                                  | SHIN ETSU CHEMICAL CO LTD COMMON STOCK                     | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |    108018 | NS      | $3287146.41   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                                            | SONY GROUP CORP COMMON STOCK                               | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    288900 | NS      | $7621986.37   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co Ltd                                    | STANLEY ELECTRIC CO LTD COMMON STOCK                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     82800 | NS      | $1551581.45   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp                                              | SUMITOMO CORP COMMON STOCK                                 | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |    112600 | NS      | $2749283.57   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd                               | TAKEDA PHARMACEUTICAL CO LTD COMMON STOCK                  | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |    166600 | NS      | $5039416.91   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                  | TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0          | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    123000 | NS      | $3485149.80   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                                          | TOYOTA MOTOR CORP COMMON STOCK                             | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |    333800 | NS      | $6375383.63   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp                                              | UNICHARM CORP COMMON STOCK                                 | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |     96300 | NS      | $894158.76    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd                                   | UNITED OVERSEAS BANK LTD COMMON STOCK                      | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    166293 | NS      | $4416548.56   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                     | AXA SA COMMON STOCK EUR2.29                                | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |    189659 | NS      | $8970091.92   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                                | NOVARTIS AG REG COMMON STOCK CHF.49                        | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     45899 | NS      | $5235111.76   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                           | ROCHE HOLDING AG GENUSSCHEIN COMMON STOCK                  | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     25496 | NS      | $8336844.08   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                                  | NESTLE SA REG COMMON STOCK CHF.1                           | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     43429 | NS      | $4622469.16   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                                   | ENEL SPA COMMON STOCK EUR1.0                               | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    789444 | NS      | $6843668.84   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                                          | SONOVA HOLDING AG REG COMMON STOCK CHF.05                  | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      2230 | NS      | $685533.10    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                             | BNP PARIBAS COMMON STOCK EUR2.0                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     33946 | NS      | $2876226.80   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                              | OTP BANK PLC COMMON STOCK HUF100.0                         | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     41395 | NS      | $3057766.02   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                                     | COMPAGNIE DE SAINT GOBAIN COMMON STOCK EUR4.0              | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     31916 | NS      | $3469843.38   | 0.56%             |  |  |  | No            |                  2 | 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        |  13055695 | NS      | $13055695.35  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                                                | HEINEKEN NV COMMON STOCK EUR1.6                            | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     32305 | NS      | $2891787.43   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                                    | SEA LTD ADR ADR USD.0005                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     22846 | NS      | $3062506.30   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     23595 | NS      | $2244143.62   | 0.36%             |  |  |  | No            |                  2 | 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        |   9766050 | NS      | $9766050.16   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                          | SUNCOR ENERGY INC COMMON STOCK                             | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     84004 | NS      | $2966890.15   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                    | BASF SE COMMON STOCK                                       | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |     30674 | NS      | $1566504.67   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                            | ASML HOLDING NV COMMON STOCK EUR.09                        | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     15279 | NS      | $10228402.54  | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                                | CIE FINANCIERE RICHEMO A REG COMMON STOCK CHF1.0           | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     19096 | NS      | $3374362.48   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                              | INDUSTRIA DE DISENO TEXTIL COMMON STOCK EUR.03             | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     54428 | NS      | $2926864.71   | 0.47%             |  |  |  | No            |                  2 | On Loan: —       |
| Ferrari NV                                                 | FERRARI NV COMMON STOCK EUR.01                             | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      7062 | NS      | $3232847.67   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyushu Railway Co                                          | KYUSHU RAILWAY COMPANY COMMON STOCK                        | CUSIP: 000000000<br>LEI: 5299002CCI6HLWAN3K50 | Long             | EC               | CORP              | JP        |     41900 | NS      | $1084427.52   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                                  | ESSITY AKTIEBOLAG B COMMON STOCK SEK3.35                   | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |    198769 | NS      | $5748207.82   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                                   | ALCON INC COMMON STOCK CHF.04                              | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     30063 | NS      | $2920935.83   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                                     | WAREHOUSES DE PAUW SCA REIT                                | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |     75448 | NS      | $1927099.56   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                                                   | WISE PLC   A COMMON STOCK GBP.01                           | CUSIP: G97229101<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    117453 | NS      | $1540560.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                                   | DAIMLER TRUCK HOLDING AG COMMON STOCK                      | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |     56521 | NS      | $2270814.70   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                                 | TENARIS SA COMMON STOCK USD1.0                             | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |     95985 | NS      | $1600543.88   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo Oyj                                                  | SAMPO OYJ A SHS COMMON STOCK                               | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    338435 | NS      | $3390646.52   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Covestro AG                                                | COVESTRO AG TEND COMMON STOCK                              | CUSIP: 000000000<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |     36435 | NS      | $2452416.32   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group PLC                                          | ADMIRAL GROUP PLC COMMON STOCK GBP.001                     | CUSIP: 000000000<br>LEI: 213800FGVM7Z9EJB2685 | Long             | EC               | CORP              | GB        |     42573 | NS      | $1851604.70   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sega Sammy Holdings Inc                                    | SEGA SAMMY HOLDINGS INC COMMON STOCK                       | CUSIP: 000000000<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |     47400 | NS      | $994853.95    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                                  | SAFRAN SA COMMON STOCK EUR.2                               | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     13212 | NS      | $3515972.81   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl PLC                                                  | BUNZL PLC COMMON STOCK GBP.3214286                         | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |     38222 | NS      | $1201107.69   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                                   | ENGIE COMMON STOCK EUR1.0                                  | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |    230008 | NS      | $4753881.96   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo SpA                                               | LEONARDO SPA COMMON STOCK                                  | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     88186 | NS      | $4584642.22   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co Ltd                                  | SEVEN + I HOLDINGS CO LTD COMMON STOCK                     | CUSIP: J7165H108<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |    294400 | NS      | $4333750.57   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                            | LONDON STOCK EXCHANGE GROUP COMMON STOCK GBP.06918605      | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     16560 | NS      | $2578581.99   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                               | UNILEVER PLC COMMON STOCK GBP.00031111                     | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    172717 | NS      | $10996870.78  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                                  | PARTNERS GROUP HOLDING AG COMMON STOCK CHF.01              | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      2685 | NS      | $3518078.57   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                           | TOTALENERGIES SE COMMON STOCK EUR2.5                       | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    128711 | NS      | $7330760.64   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings Inc                            | NOMURA REAL ESTATE HOLDINGS COMMON STOCK                   | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |    347500 | NS      | $2066736.72   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd                                               | BRAMBLES LTD COMMON STOCK                                  | CUSIP: Q6634U106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    168178 | NS      | $2210137.60   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                                       | GALP ENERGIA SGPS SA COMMON STOCK EUR1.0                   | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    283370 | NS      | $4390470.86   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                                 | SANDVIK AB COMMON STOCK SEK1.2                             | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     58215 | NS      | $1201815.38   | 0.19%             |  |  |  | No            |                  2 | On Loan: —       |
| Smiths Group PLC                                           | SMITHS GROUP PLC COMMON STOCK GBP.375                      | CUSIP: 000000000<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     87795 | NS      | $2187815.65   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                                   | VINCI SA COMMON STOCK EUR2.5                               | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     35326 | NS      | $4962148.47   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                                         | ANGLO AMERICAN PLC COMMON STOCK USD.54945                  | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     29471 | NS      | $804510.63    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                                   | JERONIMO MARTINS COMMON STOCK EUR1.0                       | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |    200917 | NS      | $4862667.15   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                               | 3I GROUP PLC COMMON STOCK GBP.738636                       | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     52012 | NS      | $2948613.34   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| MatsukiyoCocokara & Co                                     | MATSUKIYOCOCOKARA + CO COMMON STOCK                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    195500 | NS      | $3588719.76   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                                   | RELX PLC COMMON STOCK GBP.00144397                         | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    128009 | NS      | $6986109.31   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Isetan Mitsukoshi Holdings Ltd                             | ISETAN MITSUKOSHI HOLDINGS L COMMON STOCK                  | CUSIP: 000000000<br>LEI: 529900SY5RZO92EFG035 | Long             | EC               | CORP              | JP        |    111400 | NS      | $1431987.86   | 0.23%             |  |  |  | No            |                  2 | On Loan: —       |
| Amadeus IT Group SA                                        | AMADEUS IT GROUP SA COMMON STOCK EUR.01                    | CUSIP: E04648114<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     42300 | NS      | $3329559.86   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Calbee Inc                                                 | CALBEE INC COMMON STOCK                                    | CUSIP: 000000000<br>LEI: 529900CIHZID6O8LJH81 | Long             | EC               | CORP              | JP        |     77298 | NS      | $1554833.25   | 0.25%             |  |  |  | No            |                  2 | On Loan: —       |
| Julius Baer Group Ltd                                      | JULIUS BAER GROUP LTD COMMON STOCK CHF.02                  | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     70823 | NS      | $4592732.84   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                              | AIA GROUP LTD COMMON STOCK                                 | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    414600 | NS      | $3106561.19   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT Trust & HKT Ltd                                        | HKT TRUST AND HKT LTD SS STAPLED SECURITY HKD.0005         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1051000 | NS      | $1495551.21   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                                  | SEGRO PLC REIT GBP.1                                       | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    333392 | NS      | $3032752.16   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                                                 | EDENRED COMMON STOCK EUR2.0                                | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     37695 | NS      | $1175592.33   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc                                         | SOMPO HOLDINGS INC COMMON STOCK                            | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |    111800 | NS      | $3663808.48   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                                   | ROLLS ROYCE HOLDINGS PLC COMMON STOCK GBP.2                | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |   1077471 | NS      | $10906669.17  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| WPP PLC                                                    | WPP PLC COMMON STOCK GBP.1                                 | CUSIP: 000000000<br>LEI: 549300LSGBXPYHXGDT93 | Long             | EC               | CORP              | JE        |    261131 | NS      | $2024432.39   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| KION Group AG                                              | KION GROUP AG COMMON STOCK                                 | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     40870 | NS      | $1739261.35   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                              | KONINKLIJKE AHOLD DELHAIZE N COMMON STOCK EUR.01           | CUSIP: 500468103<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     36042 | NS      | $1479850.11   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                                    | SIEMENS HEALTHINEERS AG COMMON STOCK                       | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |     88151 | NS      | $4751986.79   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                          | COMPASS GROUP PLC COMMON STOCK GBP.1105                    | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    124566 | NS      | $4199720.52   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                           | ASR NEDERLAND NV COMMON STOCK EUR.16                       | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     30258 | NS      | $1909244.15   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                          | NATIONAL GRID PLC COMMON STOCK GBP.1243129                 | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    244734 | NS      | $3532515.18   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Food & Life Cos Ltd                                        | FOOD + LIFE COMPANIES LTD COMMON STOCK                     | CUSIP: 000000000<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |     75300 | NS      | $2786491.77   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                              | AKZO NOBEL N.V. COMMON STOCK EUR.5                         | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     27354 | NS      | $1726981.92   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                  | PROSUS NV COMMON STOCK EUR.05                              | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     90214 | NS      | $4229646.48   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                  | ALIBABA GROUP HOLDING LTD COMMON STOCK USD.000003125       | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    130184 | NS      | $1943650.59   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                                                | INFORMA PLC COMMON STOCK GBP.001                           | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |    286769 | NS      | $2801426.19   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                       | TENCENT HOLDINGS LTD COMMON STOCK HKD.00002                | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     36500 | NS      | $2235659.38   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Aviation SA                                       | DASSAULT AVIATION SA COMMON STOCK EUR.8                    | CUSIP: 000000000<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |     13274 | NS      | $4786160.86   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                                                | EURONEXT NV COMMON STOCK EUR1.6                            | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     24015 | NS      | $4014039.55   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                                  | QIAGEN N.V. COMMON STOCK EUR.01                            | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |     46632 | NS      | $2001243.87   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                           | NOVO NORDISK A/S B COMMON STOCK DKK.1                      | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     53375 | NS      | $3568733.16   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                                  | SHELL PLC COMMON STOCK EUR.07                              | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     92170 | NS      | $2974486.92   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva PLC                                                  | AVIVA PLC COMMON STOCK GBP.3289474                         | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    253385 | NS      | $1898462.01   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                                    | RECRUIT HOLDINGS CO LTD COMMON STOCK                       | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     41600 | NS      | $2305274.49   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC Capital Partners PLC                                   | CVC CAPITAL PARTNERS PLC COMMON STOCK                      | CUSIP: 000000000<br>LEI: 213800E8UQS1KA32YD39 | Long             | EC               | CORP              | JE        |    177912 | NS      | $3174465.37   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                              | UNICREDIT SPA COMMON STOCK                                 | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    182978 | NS      | $10645817.32  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech                                   | SARTORIUS STEDIM BIOTECH COMMON STOCK EUR.2                | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     14345 | NS      | $3385289.66   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                             | BAWAG GROUP AG COMMON STOCK                                | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     60200 | NS      | $6598401.58   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                                   | ADYEN NV COMMON STOCK EUR.01                               | CUSIP: N3501V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      2097 | NS      | $3393392.38   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                               | ING GROEP NV COMMON STOCK EUR.01                           | CUSIP: N4578E595<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    370116 | NS      | $7187400.65   | 1.16%             |  |  |  | No            |                  2 | On Loan: —       |
| State Street Bank & Trust Co.                              | PURCHASED USD/ SOLD JPY                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |         1 | NC      | $-596.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                         | AERCAP HOLDINGS NV COMMON STOCK EUR.01                     | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     31100 | NS      | $3296600.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-02

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President