# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-25-005068
**Filing Date:** 2025-12
**Character Count:** 22754
**Document Hash:** 68d2e3308885b43b60e7f5bc05f0b6dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-005068.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001099263-25-005068

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**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:** 251591466

**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 Global Equity ETF (Series ID: S000092022)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000259932 | T. Rowe Price Global Equity ETF | TGLB            |

## 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 Global Equity ETF

- **b. EDGAR series identifier (if any):** S000092022

- **c. LEI of Series:** 254900QYQ4UUIZGC6P89

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $14450493.06

**Total Liabilities:** $82340.34

**Net Assets:** $14368152.72

**Cash Not Reported:** $1666.88

**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 C000259932 | -0.47%               | 2.90%                | -0.42%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-60309.83               | $-6032.60                                  |
| Month 2  | $-934.43                 | $360035.83                                 |
| Month 3  | $16188.17                | $-87476.46                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO BANK NV-CVA GDR              | ABN AMRO BANK NV CVA DUTCH CERT EUR1.0                     | CUSIP: TC6CYF076<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |      5117 | NS      | $152889.12    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES                | ADVANCED MICRO DEVICES COMMON STOCK USD.01                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       832 | NS      | $213091.84    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN BV                              | ADYEN NV COMMON STOCK EUR.01                               | CUSIP: TC43C38Q9<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |       172 | NS      | $294719.28    | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                         | ALLSTATE CORP COMMON STOCK USD.01                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1587 | NS      | $303942.24    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                        | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1048 | NS      | $255942.56    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                    | AMEREN CORPORATION COMMON STOCK USD.01                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      1230 | NS      | $125484.60    | 0.87%             |  |  |  | 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        |      2300 | NS      | $320482.00    | 2.23%             |  |  |  | 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        |      1168 | NS      | $145194.08    | 1.01%             |  |  |  | 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        |       471 | NS      | $300182.43    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                  | ARES MANAGEMENT CORP   A COMMON STOCK                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |       960 | NS      | $142761.60    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                   | ARISTA NETWORKS INC COMMON STOCK USD.0001                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      1850 | NS      | $291726.50    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB-A SHS                  | ATLAS COPCO AB A SHS COMMON STOCK SEK.16                   | CUSIP: 049SE9990<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     12420 | NS      | $208110.18    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                  | BANK OF AMERICA CORP COMMON STOCK USD.01                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      6281 | NS      | $335719.45    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                          | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1729 | NS      | $639090.27    | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                            | CARVANA CO COMMON STOCK USD.001                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |       409 | NS      | $125374.86    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO LTD          | CHUGAI PHARMACEUTICAL CO LTD COMMON STOCK                  | CUSIP: 171JP9998<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |      4000 | NS      | $183070.91    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CME GROUP INC                         | CME GROUP INC COMMON STOCK USD.01                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       838 | NS      | $222480.62    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                        | CONOCOPHILLIPS COMMON STOCK USD.01                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2695 | NS      | $239477.70    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP                 | COSTCO WHOLESALE CORP COMMON STOCK USD.005                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       176 | NS      | $160415.20    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBER-ARK SOFTWARE LTD/ISRAEL         | CYBERARK SOFTWARE LTD/ISRAEL COMMON STOCK ILS.01           | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       726 | NS      | $378086.28    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                          | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       783 | NS      | $168642.54    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                            | DEERE + CO COMMON STOCK USD1.0                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       458 | NS      | $211426.54    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FERRARI NV                            | FERRARI NV COMMON STOCK EUR.01                             | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |       733 | NS      | $296095.35    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC - CLASS A                 | GODADDY INC   CLASS A COMMON STOCK USD.001                 | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      1594 | NS      | $212209.22    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HANNOVER RUECK SE                     | HANNOVER RUECK SE COMMON STOCK                             | CUSIP: 4105DE991<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |       627 | NS      | $178994.99    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HUBBELL INC                           | HUBBELL INC COMMON STOCK USD.01                            | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       594 | NS      | $279180.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                            | HUMANA INC COMMON STOCK USD.1666666                        | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       490 | NS      | $136313.10    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORP                           | ITOCHU CORP COMMON STOCK                                   | CUSIP: 465717999<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |      3300 | NS      | $191146.73    | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE & CO.               | JPMORGAN CHASE + CO COMMON STOCK USD1.0                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       741 | NS      | $230539.92    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MEDIA CORP-FORMULA-C          | LIBERTY MEDIA CORP FORMULA C TRACKING STK                  | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2174 | NS      | $217073.90    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                             | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       525 | NS      | $219607.50    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS                  | MARSH + MCLENNAN COS COMMON STOCK USD1.0                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1785 | NS      | $317997.75    | 2.21%             |  |  |  | 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        |       740 | NS      | $479779.00    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                        | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1631 | NS      | $844548.11    | 5.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                     | NATIONAL GRID PLC COMMON STOCK GBP.1243129                 | CUSIP: 636274995<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     10020 | NS      | $150240.89    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NETFLIX INC                           | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       344 | NS      | $384887.84    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                           | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4264 | NS      | $863417.36    | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR INC                               | NVR INC COMMON STOCK USD.01                                | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        20 | NS      | $144216.40    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| O REILLY AUTOMOTIVE INC               | O REILLY AUTOMOTIVE INC COMMON STOCK USD.01                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2949 | NS      | $278503.56    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE             | OLD DOMINION FREIGHT LINE COMMON STOCK USD.1               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      2025 | NS      | $284350.50    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO INC                               | QXO INC COMMON STOCK                                       | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6727 | NS      | $118866.09    | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| RENAISSANCERE HOLDINGS LTD            | RENAISSANCERE HOLDINGS LTD COMMON STOCK USD1.0             | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |       867 | NS      | $220296.03    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                | SAP SE COMMON STOCK                                        | CUSIP: 803054998<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       894 | NS      | $232504.69    | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| SARTORIUS STEDIM BIOTECH              | SARTORIUS STEDIM BIOTECH COMMON STOCK EUR.2                | CUSIP: FR0BQFY52<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |      1395 | NS      | $333641.35    | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                 | SCHNEIDER ELECTRIC SE COMMON STOCK EUR4.0                  | CUSIP: 806999983<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |       770 | NS      | $219395.93    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                   | SOCIETE GENERALE SA COMMON STOCK EUR1.25                   | CUSIP: FR5966515<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |      4991 | NS      | $316532.25    | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET INS US GO MM FD-IS       | STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     65249 | NS      | $65248.77     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS INC                    | STEEL DYNAMICS INC COMMON STOCK USD.005                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      2115 | NS      | $331632.00    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                          | SYNOPSYS INC COMMON STOCK USD.01                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       545 | NS      | $247331.90    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund | T. Rowe Price Government Reserve Fund - Collateral         | CUSIP: 76105YYY8<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |     76684 | NS      | $76684.00     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR           | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1093 | NS      | $328369.99    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEDYNE TECHNOLOGIES INC             | TELEDYNE TECHNOLOGIES INC COMMON STOCK USD.01              | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       507 | NS      | $267097.74    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                    | VALERO ENERGY CORP COMMON STOCK USD.01                     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      1846 | NS      | $313007.76    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WW GRAINGER INC                       | WW GRAINGER INC COMMON STOCK USD.5                         | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       251 | NS      | $245729.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-04

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President