# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-002575
**Filing Date:** 2026-2
**Character Count:** 27362
**Document Hash:** 2bfb08e8b43fab25b6617e161e28b448
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002575.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001099263-26-002575

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 26686621

**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 Stock ETF (Series ID: S000067977)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000217973 | T. Rowe Price Growth Stock ETF | TGRW            |

## 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 Stock ETF

- **b. EDGAR series identifier (if any):** S000067977

- **c. LEI of Series:** 5493003JB5E3N41RI612

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $917165019.32

**Total Liabilities:** $668955.82

**Net Assets:** $916496063.50

**Assets Attributable to Miscellaneous Securities:** $28459772.41

**Cash Not Reported:** $1603455.56

**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 C000217973 | 3.64%                | -1.86%               | -0.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1219625.23             | $34280178.70                               |
| Month 2  | $-2333580.96             | $-14967088.86                              |
| Month 3  | $-2507468.76             | $-4882016.58                               |

### Schedule of Portfolio Investments

| Name                              | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANCED MICRO DEVICES            | ADVANCED MICRO DEVICES COMMON STOCK USD.01                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     34967 | NS      | $7488532.72   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL A                 | ALPHABET INC CL A COMMON STOCK USD.001                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    216495 | NS      | $67762935.00  | 7.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                    | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    195112 | NS      | $45035751.84  | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP-CL A                | AMPHENOL CORP CL A COMMON STOCK USD.001                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     85005 | NS      | $11487575.70  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                         | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    382160 | NS      | $103894017.60 | 11.34%            |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP-CLASS A             | APPLOVIN CORP CLASS A COMMON STOCK USD.00003               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     14047 | NS      | $9465149.54   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP              | ARES MANAGEMENT CORP   A COMMON STOCK                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     22748 | NS      | $3676759.24   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE - ADR                   | ARGENX SE   ADR ADR                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      4977 | NS      | $4185408.15   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC               | ARISTA NETWORKS INC COMMON STOCK USD.0001                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     55342 | NS      | $7251462.26   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV NY                | ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09              | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3948 | NS      | $4223807.28   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                     | BOEING CO/THE COMMON STOCK USD5.0                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     14556 | NS      | $3160398.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC              | BOOKING HOLDINGS INC COMMON STOCK USD.008                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       829 | NS      | $4439568.57   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                      | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    145566 | NS      | $50380392.60  | 5.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                        | CARVANA CO COMMON STOCK USD.001                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     24470 | NS      | $10326829.40  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC        | CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01             | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    120057 | NS      | $4442109.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                         | CHUBB LTD COMMON STOCK                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6700 | NS      | $2091204.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP             | COSTCO WHOLESALE CORP COMMON STOCK USD.005                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2155 | NS      | $1858342.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COUPANG INC-A                     | COUPANG INC COMMON STOCK USD.0001                          | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    108049 | NS      | $2548875.91   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC - A      | CROWDSTRIKE HOLDINGS INC   A COMMON STOCK                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     10506 | NS      | $4924792.56   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                      | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     15751 | NS      | $3605718.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC - A                  | DOORDASH INC   A COMMON STOCK USD.00001                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     31903 | NS      | $7225391.44   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                    | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     30049 | NS      | $32293059.32  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                          | FABRINET COMMON STOCK USD.01                               | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      4600 | NS      | $2094288.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FERRARI NV                        | FERRARI NV COMMON STOCK EUR.01                             | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      2865 | NS      | $1058789.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| FLOOR & DECOR HOLDINGS INC-A      | FLOOR + DECOR HOLDINGS INC A COMMON STOCK USD.001          | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |      3315 | NS      | $201850.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA LLC                    | GE VERNOVA INC COMMON STOCK USD.01                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      2800 | NS      | $1829996.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                      | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     56011 | NS      | $17253068.33  | 1.88%             |  |  |  | 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        |     15389 | NS      | $4420490.25   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC              | HOWMET AEROSPACE INC COMMON STOCK                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     32495 | NS      | $6662124.90   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                       | HUBSPOT INC COMMON STOCK USD.001                           | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3860 | NS      | $1549018.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                        | INTUIT INC COMMON STOCK USD.01                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      6521 | NS      | $4319640.82   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC            | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     21880 | NS      | $12391956.80  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES RUSSELL 1000 GROWTH FD    | ISHARES RUSSELL 1000 GROWTH ET ISHARES RUSSELL 1000 GROWTH | CUSIP: 464287614<br>LEI: 549300H1KWQVEKI25E14 | Long             | EC               | RF                | US        |      8503 | NS      | $4024469.90   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                 | LAM RESEARCH CORP COMMON STOCK USD.001                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     19200 | NS      | $3286656.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                         | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     10704 | NS      | $4564078.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A                | MASTERCARD INC   A COMMON STOCK USD.0001                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     34467 | NS      | $19676520.96  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE INC-CL A                  | MEDLINE INC CL A COMMON STOCK USD.0001                     | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     19044 | NS      | $799848.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                  | MERCADOLIBRE INC COMMON STOCK USD.001                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      3974 | NS      | $8004669.24   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC-CLASS A        | META PLATFORMS INC CLASS A COMMON STOCK USD.000006         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     61516 | NS      | $40606096.44  | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                    | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    220470 | NS      | $106623701.40 | 11.63%            |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                        | NATERA INC COMMON STOCK                                    | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     16785 | NS      | $3845275.65   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                       | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    163660 | NS      | $15344761.60  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                       | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    681533 | NS      | $127105904.50 | 13.87%            |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                       | ORACLE CORP COMMON STOCK USD.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     37387 | NS      | $7287100.17   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC-A       | PALANTIR TECHNOLOGIES INC A COMMON STOCK USD.001           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     19300 | NS      | $3430575.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC            | ROPER TECHNOLOGIES INC COMMON STOCK USD.01                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      1062 | NS      | $472728.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSARA INC-CL A                  | SAMSARA INC CL A COMMON STOCK USD.0001                     | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67036 | NS      | $2376426.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP             | SCHWAB (CHARLES) CORP COMMON STOCK USD.01                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     21709 | NS      | $2168946.19   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD ADR                       | SEA LTD ADR ADR USD.0005                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     34250 | NS      | $4369272.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                    | SERVICENOW INC COMMON STOCK USD.001                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     60620 | NS      | $9286377.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE           | SHERWIN WILLIAMS CO/THE COMMON STOCK USD1.0                | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      3100 | NS      | $1004493.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC - CLASS A             | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     30111 | NS      | $4846967.67   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                     | SNOWFLAKE INC COMMON STOCK USD1.0                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     26298 | NS      | $5768729.28   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA             | SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     13447 | NS      | $7808807.37   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                      | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     10856 | NS      | $3815558.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                   | T MOBILE US INC COMMON STOCK USD.0001                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     23295 | NS      | $4729816.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR       | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     21651 | NS      | $6579522.39   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEDYNE TECHNOLOGIES INC         | TELEDYNE TECHNOLOGIES INC COMMON STOCK USD.01              | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3890 | NS      | $1986739.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                         | TESLA INC COMMON STOCK USD.001                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     63313 | NS      | $28473122.36  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                   | THE CIGNA GROUP COMMON STOCK USD.01                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1597 | NS      | $439542.31    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC      | THERMO FISHER SCIENTIFIC INC COMMON STOCK USD1.0           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      9212 | NS      | $5337893.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC-CLASS A      | TRADEWEB MARKETS INC CLASS A COMMON STOCK USD.00001        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6108 | NS      | $656854.32    | 0.07%             |  |  |  | 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        |      2955 | NS      | $3929706.75   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GRS - SECURITY LENDING COLLATERAL | TREASURY RESERVE FUND - Collateral                         | CUSIP: 76105YYY9<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | STIV             | RF                | US        |    260780 | NS      | $260780.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC            | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7519 | NS      | $2482097.09   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES           | VISA INC CLASS A SHARES COMMON STOCK USD.0001              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     72466 | NS      | $25414550.86  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                     | WELLTOWER INC REIT USD1.0                                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     19600 | NS      | $3637956.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC                      | WINGSTOP INC COMMON STOCK USD.01                           | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      6167 | NS      | $1470767.83   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President