# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001795351-25-000519
**Filing Date:** 2025-8
**Character Count:** 34071
**Document Hash:** fa69bf7d6ba0182ef727ff34d6cf9ae1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001795351-25-000519.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001795351-25-000519

**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:** 251256960

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### T. Rowe Price Growth ETF (Series ID: S000079835)

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

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

- **b. Investment Company Act file number:** 811-23494

- **c. CIK number of Registrant:** 0001795351

- **d. LEI of Registrant:** 549300XZPUK24E1UMH17

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Growth ETF

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

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

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

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

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

**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:** $813790250.63

**Total Liabilities:** $253739.62

**Net Assets:** $813536511.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

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

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241223 | 1.63%                | 8.59%                | 6.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2273666.03             | $16278990.49                               |
| Month 2  | $-1154380.11             | $60425607.56                               |
| Month 3  | $6099788.26              | $43341774.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adobe Inc                                                  | ADOBE INC COMMON STOCK USD.0001                            | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4264 | NS      | $1649656.32   | 0.20%             |  |  |  | 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        |     26417 | NS      | $3748572.30   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | ALPHABET INC CL A COMMON STOCK USD.001                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    230156 | NS      | $40560391.88  | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                             | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    213868 | NS      | $46920500.52  | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                                | CENCORA INC COMMON STOCK USD.01                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      8893 | NS      | $2666566.05   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                              | AMPHENOL CORP CL A COMMON STOCK USD.001                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    133159 | NS      | $13149451.25  | 1.62%             |  |  |  | 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        |     15264 | NS      | $2165503.68   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                  | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    322121 | NS      | $66089565.57  | 8.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                              | APPLOVIN CORP CLASS A COMMON STOCK USD.00003               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     17192 | NS      | $6018575.36   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                                       | ARES MANAGEMENT CORP   A COMMON STOCK                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     18743 | NS      | $3246287.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                                  | ARGENX SE   ADR ADR                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      5336 | NS      | $2941309.92   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                        | ARISTA NETWORKS INC COMMON STOCK USD.0001                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     27856 | NS      | $2849947.36   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                              | AUTOMATIC DATA PROCESSING COMMON STOCK USD.1               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      9125 | NS      | $2814150.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                        | AXON ENTERPRISE INC COMMON STOCK USD.00001                 | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      3072 | NS      | $2543431.68   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                       | BOOKING HOLDINGS INC COMMON STOCK USD.008                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1775 | NS      | $10275901.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                               | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    118315 | NS      | $32613529.75  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                            | THE CIGNA GROUP COMMON STOCK USD.01                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     13736 | NS      | $4540846.88   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                                 | CADENCE DESIGN SYS INC COMMON STOCK USD.01                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5479 | NS      | $1688353.85   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                 | CARVANA CO COMMON STOCK USD.001                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      5042 | NS      | $1698952.32   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                                 | CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01             | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94544 | NS      | $5308645.60   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                                | CINTAS CORP COMMON STOCK                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13591 | NS      | $3029026.17   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                      | COSTCO WHOLESALE CORP COMMON STOCK USD.005                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      7398 | NS      | $7323576.12   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                                | COUPANG INC COMMON STOCK USD.0001                          | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    142246 | NS      | $4261690.16   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                               | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     17197 | NS      | $3397095.38   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                              | DYNATRACE INC COMMON STOCK USD.001                         | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     43305 | NS      | $2390869.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                                 | ECOLAB INC COMMON STOCK USD1.0                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      7856 | NS      | $2116720.64   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                               | ENTEGRIS INC COMMON STOCK USD.01                           | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     57845 | NS      | $4665199.25   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                                | EQUIFAX INC COMMON STOCK USD1.25                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     16410 | NS      | $4256261.70   | 0.52%             |  |  |  | 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        |     62173 | NS      | $45889269.57  | 5.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                            | FAIR ISAAC CORP COMMON STOCK USD.01                        | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      2437 | NS      | $4454738.52   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                                | FASTENAL CO COMMON STOCK USD.01                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     55112 | NS      | $2314704.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                            | FIRST SOLAR INC COMMON STOCK USD.001                       | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     13135 | NS      | $2174367.90   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                 | FISERV INC COMMON STOCK USD.01                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     30684 | NS      | $5290228.44   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                               | FORTINET INC COMMON STOCK USD.001                          | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     21213 | NS      | $2242638.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                        | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     15773 | NS      | $4059812.47   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                              | HILTON WORLDWIDE HOLDINGS IN COMMON STOCK USD.01           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     12531 | NS      | $3337506.54   | 0.41%             |  |  |  | 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        |     16199 | NS      | $5939201.36   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                       | HOWMET AEROSPACE INC COMMON STOCK                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     48065 | NS      | $8946338.45   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                                | HUBSPOT INC COMMON STOCK USD.001                           | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      5824 | NS      | $3241813.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                         | INGERSOLL RAND INC COMMON STOCK USD.01                     | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     51362 | NS      | $4272291.16   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                 | INTUIT INC COMMON STOCK USD.01                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     21585 | NS      | $17000993.55  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                     | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     22789 | NS      | $12383770.49  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                                 | LATTICE SEMICONDUCTOR CORP COMMON STOCK USD.01             | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     37812 | NS      | $1852409.88   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                             | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     23467 | NS      | $18293230.51  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                                   | MARSH + MCLENNAN COS COMMON STOCK USD1.0                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     10959 | NS      | $2396075.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                             | MASTERCARD INC   A COMMON STOCK USD.0001                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     38605 | NS      | $21693693.70  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                              | MCKESSON CORP COMMON STOCK USD.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4853 | NS      | $3556181.34   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                           | MERCADOLIBRE INC COMMON STOCK USD.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1994 | NS      | $5211578.22   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    198701 | NS      | $98835864.41  | 12.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                                 | NATERA INC COMMON STOCK                                    | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21846 | NS      | $3690663.24   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     15038 | NS      | $20137836.94  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    610382 | NS      | $96434252.18  | 11.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                | ORACLE CORP COMMON STOCK USD.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     24396 | NS      | $5333697.48   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                                  | PALANTIR TECHNOLOGIES INC A COMMON STOCK USD.001           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     25698 | NS      | $3503151.36   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                     | PALO ALTO NETWORKS INC COMMON STOCK USD.0001               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     11807 | NS      | $2416184.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     10980 | NS      | $1999787.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                               | QUALCOMM INC COMMON STOCK USD.0001                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     19887 | NS      | $3167203.62   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                                     | ROPER TECHNOLOGIES INC COMMON STOCK USD.01                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      3028 | NS      | $1716391.52   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | SALESFORCE INC COMMON STOCK USD.001                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     11938 | NS      | $3255373.22   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                            | SCHLUMBERGER LTD COMMON STOCK USD.01                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     64691 | NS      | $2186555.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                             | SERVICENOW INC COMMON STOCK USD.001                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     11068 | NS      | $11378789.44  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                                    | SHERWIN WILLIAMS CO/THE COMMON STOCK USD1.0                | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      8245 | NS      | $2831003.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     51549 | NS      | $5946177.15   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG                                          | SONOVA HOLDING UNSPON ADR ADR                              | CUSIP: 83569C102<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |     39729 | NS      | $2372218.59   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                                  | BLOCK INC COMMON STOCK USD.0000001                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    140945 | NS      | $9574393.85   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                             | STARBUCKS CORP COMMON STOCK USD.001                        | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     38650 | NS      | $3541499.50   | 0.44%             |  |  |  | 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        |   1881088 | NS      | $1881087.87   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                               | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     14906 | NS      | $5897260.78   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                               | SYNOPSYS INC COMMON STOCK USD.01                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      6324 | NS      | $3242188.32   | 0.40%             |  |  |  | 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        |     27713 | NS      | $3422278.37   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                  | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     21077 | NS      | $4773729.73   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                  | TESLA INC COMMON STOCK USD.001                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     23840 | NS      | $7573014.40   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                       | TRADEWEB MARKETS INC CLASS A COMMON STOCK USD.00001        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36908 | NS      | $5403331.20   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                        | TRANSDIGM GROUP INC COMMON STOCK USD.01                    | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2155 | NS      | $3276979.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                     | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     16016 | NS      | $4996511.52   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                                 | VERTEX PHARMACEUTICALS INC COMMON STOCK USD.01             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4922 | NS      | $2191274.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                   | VISA INC CLASS A SHARES COMMON STOCK USD.0001              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     56030 | NS      | $19893451.50  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                | WALMART INC COMMON STOCK USD.1                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     39239 | NS      | $3836789.42   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                                | WORKDAY INC CLASS A COMMON STOCK USD.001                   | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      5917 | NS      | $1420080.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                  | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      4670 | NS      | $2191070.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                      | SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      4496 | NS      | $3449960.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                            | ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09              | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2947 | NS      | $2361696.33   | 0.29%             |  |  |  | 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