# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001795351-25-000511
**Filing Date:** 2025-8
**Character Count:** 118810
**Document Hash:** b7789c721d2aa06ee2caecdb3e2aea02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001795351-25-000511.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001795351-25-000511

**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:** 251256873

**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 U.S. Equity Research ETF (Series ID: S000071604)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000226980 | T. Rowe Price U.S. Equity Research ETF | TSPA            |

## 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 U.S. Equity Research ETF

- **b. EDGAR series identifier (if any):** S000071604

- **c. LEI of Series:** 549300G9627FK2SYEV38

**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:** $1783961443.95

**Total Liabilities:** $2277598.16

**Net Assets:** $1781683845.79

**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 C000226980 | -0.60%               | 6.21%                | 4.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10540225.86            | $3815874.03                                |
| Month 2  | $-4742449.08             | $97076978.26                               |
| Month 3  | $3059638.64              | $78277326.98                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| API Group Corp                                             | API GROUP CORP COMMON STOCK USD.0001                       | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     12796 | NS      | $653235.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                   | AT+T INC COMMON STOCK USD1.0                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    143401 | NS      | $4150024.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                        | ABBOTT LABORATORIES COMMON STOCK                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     42213 | NS      | $5741390.13   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                                 | ABBVIE INC COMMON STOCK USD.01                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     64307 | NS      | $11936665.34  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                  | ADOBE INC COMMON STOCK USD.0001                            | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     14785 | NS      | $5720020.80   | 0.32%             |  |  |  | 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        |     77634 | NS      | $11016264.60  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                        | ALEXANDRIA REAL ESTATE EQUIT REIT USD.01                   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      3115 | NS      | $226242.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                          | ALLSTATE CORP COMMON STOCK USD.01                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     30977 | NS      | $6235979.87   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | ALPHABET INC CL C COMMON STOCK USD.001                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    207349 | NS      | $36781639.11  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | ALPHABET INC CL A COMMON STOCK USD.001                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    133856 | NS      | $23589442.88  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                                           | ALTRIA GROUP INC COMMON STOCK USD.333                      | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     52330 | NS      | $3068107.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                             | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    331261 | NS      | $72675350.79  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                                | AMEREN CORPORATION COMMON STOCK USD.01                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     18439 | NS      | $1770881.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                        | AMERICAN EXPRESS CO COMMON STOCK USD.2                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     17703 | NS      | $5646902.94   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                           | AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     40114 | NS      | $3433357.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                        | AMERICAN TOWER CORP REIT USD.01                            | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     26385 | NS      | $5831612.70   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                                | CENCORA INC COMMON STOCK USD.01                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     11171 | NS      | $3349624.35   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                                 | AMETEK INC COMMON STOCK USD.01                             | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     14575 | NS      | $2637492.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                                  | AMGEN INC COMMON STOCK USD.0001                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4194 | NS      | $1171006.74   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                              | AMPHENOL CORP CL A COMMON STOCK USD.001                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     61337 | NS      | $6057028.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                         | ANALOG DEVICES INC COMMON STOCK USD.167                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     17366 | NS      | $4133455.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                                        | ELEVANCE HEALTH INC COMMON STOCK USD.01                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      7285 | NS      | $2833573.60   | 0.16%             |  |  |  | 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        |     11983 | NS      | $1700028.21   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                  | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    476992 | NS      | $97864448.64  | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                      | APPLIED MATERIALS INC COMMON STOCK USD.01                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     37473 | NS      | $6860182.11   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                                       | ARES MANAGEMENT CORP   A COMMON STOCK                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     11179 | NS      | $1936202.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                        | ARISTA NETWORKS INC COMMON STOCK USD.0001                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     35786 | NS      | $3661265.66   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                          | ATMOS ENERGY CORP COMMON STOCK                             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     14760 | NS      | $2274663.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                               | AUTODESK INC COMMON STOCK USD.01                           | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      7262 | NS      | $2248097.34   | 0.13%             |  |  |  | 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        |      2600 | NS      | $801840.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                               | AUTOZONE INC COMMON STOCK USD.01                           | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       832 | NS      | $3088575.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                                  | AVALONBAY COMMUNITIES INC REIT USD.01                      | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      6028 | NS      | $1226698.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                        | AVERY DENNISON CORP COMMON STOCK USD1.0                    | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      1743 | NS      | $305844.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                            | BAKER HUGHES CO COMMON STOCK USD.0001                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13430 | NS      | $514906.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                                  | BALL CORP COMMON STOCK                                     | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     15000 | NS      | $841350.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                       | BANK OF AMERICA CORP COMMON STOCK USD.01                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    311087 | NS      | $14720636.84  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The                           | BANK OF NEW YORK MELLON CORP COMMON STOCK USD.01           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     32610 | NS      | $2971097.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                                      | BATH + BODY WORKS INC COMMON STOCK USD.5                   | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      8910 | NS      | $266943.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                                      | BECTON DICKINSON AND CO COMMON STOCK USD1.0                | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      1895 | NS      | $326413.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                     | BERKSHIRE HATHAWAY INC CL B COMMON STOCK USD.0033          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     44176 | NS      | $21459375.52  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                             | BLACKSTONE INC COMMON STOCK USD.00001                      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      6100 | NS      | $912438.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                              | BLACKROCK INC COMMON STOCK USD.01                          | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      5161 | NS      | $5415179.25   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                              | BOEING CO/THE COMMON STOCK USD5.0                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     35681 | NS      | $7476239.93   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                       | BOOKING HOLDINGS INC COMMON STOCK USD.008                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1464 | NS      | $8475447.36   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                           | BOOZ ALLEN HAMILTON HOLDINGS COMMON STOCK USD.01           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      6019 | NS      | $626758.47    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                     | BOSTON SCIENTIFIC CORP COMMON STOCK USD.01                 | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     72734 | NS      | $7812358.94   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                    | BRISTOL MYERS SQUIBB CO COMMON STOCK USD.1                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     24048 | NS      | $1113181.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                               | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    180900 | NS      | $49865085.00  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                                    | CBOE GLOBAL MARKETS INC COMMON STOCK                       | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      5015 | NS      | $1169548.15   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                             | CBRE GROUP INC   A COMMON STOCK USD.01                     | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     15710 | NS      | $2201285.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                                | CDW CORP/DE COMMON STOCK USD.01                            | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      7986 | NS      | $1426219.74   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                                 | CF INDUSTRIES HOLDINGS INC COMMON STOCK USD.01             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     10964 | NS      | $1008688.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                            | THE CIGNA GROUP COMMON STOCK USD.01                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     11837 | NS      | $3913075.46   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                              | CME GROUP INC COMMON STOCK USD.01                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     20290 | NS      | $5592329.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                            | CMS ENERGY CORP COMMON STOCK USD.01                        | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     22530 | NS      | $1560878.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                                   | CSX CORP COMMON STOCK USD1.0                               | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    102768 | NS      | $3353319.84   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                            | CVS HEALTH CORP COMMON STOCK USD.01                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     62134 | NS      | $4286003.32   | 0.24%             |  |  |  | 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        |     14211 | NS      | $4379119.65   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                      | CAMDEN PROPERTY TRUST REIT USD.01                          | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      4423 | NS      | $498427.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co                               | CANADIAN NATL RAILWAY CO COMMON STOCK                      | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     14837 | NS      | $1543641.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                 | CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     16949 | NS      | $3606069.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                        | CARDINAL HEALTH INC COMMON STOCK                           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      6700 | NS      | $1125600.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                                        | CARRIER GLOBAL CORP COMMON STOCK USD.01                    | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     36267 | NS      | $2654381.73   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                 | CARVANA CO COMMON STOCK USD.001                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      3764 | NS      | $1268317.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                            | CATERPILLAR INC COMMON STOCK USD1.0                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     13045 | NS      | $5064199.45   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce Inc                                               | DAYFORCE INC COMMON STOCK USD.01                           | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     20986 | NS      | $1162414.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                                 | CHARTER COMMUNICATIONS INC A COMMON STOCK USD.001          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      8389 | NS      | $3429507.09   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                         | EXPAND ENERGY CORP COMMON STOCK USD.01                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     11646 | NS      | $1361883.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | CHEVRON CORP COMMON STOCK USD.75                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56756 | NS      | $8126891.64   | 0.46%             |  |  |  | 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        |     74772 | NS      | $4198447.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                          | CISCO SYSTEMS INC COMMON STOCK USD.001                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     92868 | NS      | $6443181.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                                | CINTAS CORP COMMON STOCK                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10896 | NS      | $2428391.52   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                              | CITIGROUP INC COMMON STOCK USD.01                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    105925 | NS      | $9016336.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                           | COCA COLA CO/THE COMMON STOCK USD.25                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    158546 | NS      | $11217129.50  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                                       | COLGATE PALMOLIVE CO COMMON STOCK USD1.0                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     24178 | NS      | $2197780.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                               | COMCAST CORP CLASS A COMMON STOCK USD.01                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     80405 | NS      | $2869654.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                             | CONOCOPHILLIPS COMMON STOCK USD.01                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     69622 | NS      | $6247878.28   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                                    | CONSOLIDATED EDISON INC COMMON STOCK USD.1                 | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     29219 | NS      | $2932126.65   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                                  | CONSTELLATION ENERGY COMMON STOCK                          | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     18200 | NS      | $5874232.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                                         | COOPER COS INC/THE COMMON STOCK USD.1                      | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     33499 | NS      | $2383788.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                                 | COPART INC COMMON STOCK                                    | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     12949 | NS      | $635407.43    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                                   | COREBRIDGE FINANCIAL INC COMMON STOCK USD.01               | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     76364 | NS      | $2710922.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                                 | CORPAY INC COMMON STOCK USD.001                            | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     17105 | NS      | $5675781.10   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                | CORTEVA INC COMMON STOCK USD.01                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     22155 | NS      | $1651212.15   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                      | COSTCO WHOLESALE CORP COMMON STOCK USD.005                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     14829 | NS      | $14679820.26  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                           | COSTAR GROUP INC COMMON STOCK USD.01                       | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      8469 | NS      | $680907.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                   | CROWDSTRIKE HOLDINGS INC   A COMMON STOCK                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      5836 | NS      | $2972333.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                           | CROWN CASTLE INC REIT USD.01                               | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     13658 | NS      | $1403086.34   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                  | CUBESMART REIT USD.01                                      | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13671 | NS      | $581017.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                                | CUMMINS INC COMMON STOCK USD2.5                            | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     10543 | NS      | $3452832.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                              | DTE ENERGY COMPANY COMMON STOCK                            | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     13886 | NS      | $1839339.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                               | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     35041 | NS      | $6921999.14   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                                       | DECKERS OUTDOOR CORP COMMON STOCK USD.01                   | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     16985 | NS      | $1750643.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                                 | DEERE + CO COMMON STOCK USD1.0                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     10636 | NS      | $5408299.64   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                                        | DELTA AIR LINES INC COMMON STOCK USD.0001                  | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      7326 | NS      | $360292.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The                            | DESCARTES SYSTEMS GRP/THE COMMON STOCK                     | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     15105 | NS      | $1535347.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                     | DIAMONDBACK ENERGY INC COMMON STOCK USD.01                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     14631 | NS      | $2010299.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                         | WALT DISNEY CO/THE COMMON STOCK USD.01                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     32516 | NS      | $4032309.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                        | DOMINION ENERGY INC COMMON STOCK                           | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     28348 | NS      | $1602228.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino s Pizza Inc                                         | DOMINO S PIZZA INC COMMON STOCK USD.01                     | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3078 | NS      | $1386946.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                               | DOORDASH INC   A COMMON STOCK USD.00001                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     17542 | NS      | $4324278.42   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                                 | DOVER CORP COMMON STOCK USD1.0                             | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     16029 | NS      | $2936993.67   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                              | DYNATRACE INC COMMON STOCK USD.001                         | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     20752 | NS      | $1145717.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG RESOURCES INC COMMON STOCK USD.01                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     24557 | NS      | $2937262.77   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                   | EQT CORP COMMON STOCK                                      | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     25397 | NS      | $1481153.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                                   | EBAY INC COMMON STOCK USD.001                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     21545 | NS      | $1604240.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                                        | ELECTRONIC ARTS INC COMMON STOCK USD.01                    | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      7452 | NS      | $1190084.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                                        | EMERSON ELECTRIC CO COMMON STOCK USD.5                     | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     11695 | NS      | $1559294.35   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                               | ENTERGY CORP COMMON STOCK USD.01                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      3191 | NS      | $265235.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                                | EQUIFAX INC COMMON STOCK USD1.25                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      6135 | NS      | $1591234.95   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                                | EQUINIX INC REIT USD.001                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5437 | NS      | $4324970.39   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                     | EQUITABLE HOLDINGS INC COMMON STOCK USD.01                 | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     28956 | NS      | $1624431.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                         | EQUITY RESIDENTIAL REIT USD.01                             | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     12974 | NS      | $875615.26    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                                  | ESAB CORP COMMON STOCK USD.001                             | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      7595 | NS      | $915577.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                                   | ESSEX PROPERTY TRUST INC REIT USD.0001                     | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      5170 | NS      | $1465178.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                                | EXELON CORP COMMON STOCK                                   | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     52516 | NS      | $2280244.72   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                           | EXXON MOBIL CORP COMMON STOCK                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    140012 | NS      | $15093293.60  | 0.85%             |  |  |  | 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        |     80807 | NS      | $59642838.63  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                            | FAIR ISAAC CORP COMMON STOCK USD.01                        | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      2079 | NS      | $3800328.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                                | FASTENAL CO COMMON STOCK USD.01                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     10998 | NS      | $461916.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                                 | FEDEX CORP COMMON STOCK USD.1                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      3778 | NS      | $858777.18    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                                   | FERGUSON ENTERPRISES INC COMMON STOCK USD.0001             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     13386 | NS      | $2914801.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                        | FIFTH THIRD BANCORP COMMON STOCK                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     46786 | NS      | $1924308.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                            | FIRST SOLAR INC COMMON STOCK USD.001                       | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     33565 | NS      | $5556350.10   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                 | FISERV INC COMMON STOCK USD.01                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     28992 | NS      | $4998510.72   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                               | FORTINET INC COMMON STOCK USD.001                          | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     39793 | NS      | $4206915.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                                               | FORTIVE CORP COMMON STOCK USD.01                           | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     26397 | NS      | $1376075.61   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                                         | FRANCO NEVADA CORP COMMON STOCK                            | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     11850 | NS      | $1942452.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Freeport-McMoRan Inc                                       | FREEPORT MCMORAN INC COMMON STOCK USD.1                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     70167 | NS      | $3041739.45   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                             | GE VERNOVA INC COMMON STOCK USD.01                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      9763 | NS      | $5166091.45   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                        | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     44605 | NS      | $11480880.95  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                          | GENERAL MOTORS CO COMMON STOCK USD.01                      | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     32617 | NS      | $1605082.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                        | GILEAD SCIENCES INC COMMON STOCK USD.001                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     68645 | NS      | $7610671.15   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                                        | GLOBAL PAYMENTS INC COMMON STOCK                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      3881 | NS      | $310635.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                | GOLDMAN SACHS GROUP INC COMMON STOCK USD.01                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      8236 | NS      | $5829029.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The                           | HARTFORD INSURANCE GROUP INC COMMON STOCK USD.01           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     28723 | NS      | $3644087.01   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                                  | HESS CORP COMMON STOCK USD1.0                              | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      4337 | NS      | $600847.98    | 0.03%             |  |  |  | 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        |     14861 | NS      | $3958078.74   | 0.22%             |  |  |  | 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        |     38551 | NS      | $14134338.64  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                                | HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.0            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     15357 | NS      | $3576338.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                       | HOWMET AEROSPACE INC COMMON STOCK                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     17714 | NS      | $3297106.82   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                | HUBBELL INC COMMON STOCK USD.01                            | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      8684 | NS      | $3546632.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                                | HUBSPOT INC COMMON STOCK USD.001                           | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       556 | NS      | $309486.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                               | HUNTINGTON BANCSHARES INC COMMON STOCK USD.01              | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    123422 | NS      | $2068552.72   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                         | INGERSOLL RAND INC COMMON STOCK USD.01                     | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     26884 | NS      | $2236211.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                              | INTERCONTINENTAL EXCHANGE IN COMMON STOCK USD.01           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      2800 | NS      | $513716.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp                       | INTL BUSINESS MACHINES CORP COMMON STOCK USD.2             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     16366 | NS      | $4824369.48   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                                     | INTERNATIONAL PAPER CO COMMON STOCK USD1.0                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     47735 | NS      | $2235430.05   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                 | INTUIT INC COMMON STOCK USD.01                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     11344 | NS      | $8934874.72   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                     | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     17383 | NS      | $9446096.03   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                        | JPMORGAN CHASE + CO COMMON STOCK USD1.0                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     90603 | NS      | $26266715.73  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                                  | JABIL INC COMMON STOCK USD.001                             | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      1700 | NS      | $370770.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                          | JOHNSON + JOHNSON COMMON STOCK USD1.0                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     54589 | NS      | $8338469.75   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                                   | KLA CORP COMMON STOCK USD.001                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5447 | NS      | $4879095.78   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                               | KKR + CO INC COMMON STOCK USD.01                           | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     27079 | NS      | $3602319.37   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                                 | KENVUE INC COMMON STOCK USD.01                             | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    132705 | NS      | $2777515.65   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                                       | KEURIG DR PEPPER INC COMMON STOCK USD.01                   | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    158390 | NS      | $5236373.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                    | KEYCORP COMMON STOCK USD1.0                                | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     77378 | NS      | $1347924.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                                  | KEYSIGHT TECHNOLOGIES IN COMMON STOCK USD.01               | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     29505 | NS      | $4834689.30   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                                        | KIMBERLY CLARK CORP COMMON STOCK USD1.25                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     23283 | NS      | $3001644.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                          | KIMCO REALTY CORP REIT USD.01                              | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     42712 | NS      | $897806.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                                  | L3HARRIS TECHNOLOGIES INC COMMON STOCK USD1.0              | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     12626 | NS      | $3167105.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                          | LAM RESEARCH CORP COMMON STOCK USD.001                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     44148 | NS      | $4297366.32   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                   | LAMB WESTON HOLDINGS INC COMMON STOCK USD1.0               | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      3034 | NS      | $157312.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                       | LAS VEGAS SANDS CORP COMMON STOCK USD.001                  | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     43751 | NS      | $1903606.01   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                             | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     32818 | NS      | $25582615.54  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe s Cos Inc                                             | LOWE S COS INC COMMON STOCK USD.5                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     17409 | NS      | $3862534.83   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                                    | LULULEMON ATHLETICA INC COMMON STOCK USD.005               | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     10164 | NS      | $2414763.12   | 0.14%             |  |  |  | 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        |     21127 | NS      | $4619207.28   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                              | MARRIOTT INTERNATIONAL  CL A COMMON STOCK USD.01           | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     13700 | NS      | $3742977.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                     | MARVELL TECHNOLOGY INC COMMON STOCK USD.002                | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25143 | NS      | $1946068.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                             | MASTERCARD INC   A COMMON STOCK USD.0001                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     32171 | NS      | $18078171.74  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald s Corp                                            | MCDONALD S CORP COMMON STOCK USD.01                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     28967 | NS      | $8463288.39   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                              | MCKESSON CORP COMMON STOCK USD.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3221 | NS      | $2360284.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                             | MERCK + CO. INC. COMMON STOCK USD.5                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     54754 | NS      | $4334326.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                                | METLIFE INC COMMON STOCK USD.01                            | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     50618 | NS      | $4070699.56   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc                           | METTLER TOLEDO INTERNATIONAL COMMON STOCK USD.01           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1958 | NS      | $2300101.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    261928 | NS      | $130285606.48 | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                   | MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001              | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     14206 | NS      | $999676.22    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                                      | MICRON TECHNOLOGY INC COMMON STOCK USD.1                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     37421 | NS      | $4612138.25   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                                          | MIDDLEBY CORP COMMON STOCK USD.01                          | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      2900 | NS      | $417600.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                                      | MOLINA HEALTHCARE INC COMMON STOCK USD.001                 | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      5171 | NS      | $1540440.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                                 | MONDELEZ INTERNATIONAL INC A COMMON STOCK                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     23679 | NS      | $1596911.76   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                               | MONOLITHIC POWER SYSTEMS INC COMMON STOCK USD.001          | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      6134 | NS      | $4486284.92   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                                      | MONSTER BEVERAGE CORP COMMON STOCK USD.005                 | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     29756 | NS      | $1863915.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody s Corp                                               | MOODY S CORP COMMON STOCK USD.01                           | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      4494 | NS      | $2254145.46   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                             | MORGAN STANLEY COMMON STOCK USD.01                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     36328 | NS      | $5117162.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                              | MOSAIC CO/THE COMMON STOCK USD.01                          | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     36379 | NS      | $1327105.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                                    | NVR INC COMMON STOCK USD.01                                | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       380 | NS      | $2806550.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     17895 | NS      | $23963731.35  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                         | NEXTERA ENERGY INC COMMON STOCK USD.01                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     94865 | NS      | $6585528.30   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                      | NORFOLK SOUTHERN CORP COMMON STOCK USD1.0                  | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     14504 | NS      | $3712588.88   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                      | NORTHROP GRUMMAN CORP COMMON STOCK USD1.0                  | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     11762 | NS      | $5880764.76   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                            | GEN DIGITAL INC COMMON STOCK USD.01                        | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    107128 | NS      | $3149563.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    849452 | NS      | $134204921.48 | 7.53%             |  |  |  | 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        |     38820 | NS      | $3498846.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                                   | OKTA INC COMMON STOCK                                      | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      5743 | NS      | $574127.71    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                              | OLD DOMINION FREIGHT LINE COMMON STOCK USD.1               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     25239 | NS      | $4096289.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                | ORACLE CORP COMMON STOCK USD.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     58666 | NS      | $12826147.58  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                                  | P G + E CORP COMMON STOCK                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    269734 | NS      | $3760091.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                                  | PACKAGING CORP OF AMERICA COMMON STOCK USD.01              | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      3626 | NS      | $683319.70    | 0.04%             |  |  |  | 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        |     55299 | NS      | $7538359.68   | 0.42%             |  |  |  | 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        |     25468 | NS      | $5211771.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                       | PARKER HANNIFIN CORP COMMON STOCK USD.5                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      5500 | NS      | $3841585.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                | PEPSICO INC COMMON STOCK USD.017                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     33592 | NS      | $4435487.68   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                                 | PFIZER INC COMMON STOCK USD.05                             | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     56151 | NS      | $1361100.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     59827 | NS      | $10896291.51  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                | PHILLIPS 66 COMMON STOCK                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     14014 | NS      | $1671870.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                                  | POOL CORP COMMON STOCK USD.001                             | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      3100 | NS      | $903588.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                                | POPULAR INC COMMON STOCK USD.01                            | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      7497 | NS      | $826244.37    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                    | PROCTER + GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     89209 | NS      | $14212777.88  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                       | PROGRESSIVE CORP COMMON STOCK USD1.0                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     13513 | NS      | $3606079.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                               | PROLOGIS INC REIT USD.01                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     38998 | NS      | $4099469.76   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                             | PUBLIC STORAGE REIT USD.1                                  | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      5621 | NS      | $1649313.82   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                           | PURE STORAGE INC   CLASS A COMMON STOCK USD.0001           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     20950 | NS      | $1206301.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                               | QUALCOMM INC COMMON STOCK USD.0001                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     48773 | NS      | $7767587.98   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                                      | QUEST DIAGNOSTICS INC COMMON STOCK USD.01                  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     10498 | NS      | $1885755.74   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                                      | RPM INTERNATIONAL INC COMMON STOCK USD.01                  | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      3029 | NS      | $332705.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                              | RALLIANT CORP COMMON STOCK USD.01                          | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8799 | NS      | $426663.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                                   | RTX CORP COMMON STOCK USD1.0                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     14641 | NS      | $2137878.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                                       | REGENCY CENTERS CORP REIT USD.01                           | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     10871 | NS      | $774341.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                              | REGENERON PHARMACEUTICALS COMMON STOCK USD.001             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      5669 | NS      | $2976225.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                              | REPLIGEN CORP COMMON STOCK USD.01                          | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      8208 | NS      | $1020911.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund                      | T. Rowe Price Government Reserve Fund \u2013 Collateral    | CUSIP: 76105YYY8<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |   1784460 | NS      | $1784459.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                              | REXFORD INDUSTRIAL REALTY IN REIT USD.01                   | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     69348 | NS      | $2466708.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                                    | ROCKWELL AUTOMATION INC COMMON STOCK USD1.0                | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     12859 | NS      | $4271374.03   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                                     | ROPER TECHNOLOGIES INC COMMON STOCK USD.01                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      5663 | NS      | $3210014.92   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                            | ROSS STORES INC COMMON STOCK USD.01                        | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     21825 | NS      | $2784433.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                             | S+P GLOBAL INC COMMON STOCK USD1.0                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     11936 | NS      | $6293733.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                             | SS+C TECHNOLOGIES HOLDINGS COMMON STOCK USD.01             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      6986 | NS      | $578440.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                                   | SAIA INC COMMON STOCK USD.001                              | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      9052 | NS      | $2480157.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | SALESFORCE INC COMMON STOCK USD.001                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     47350 | NS      | $12911871.50  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                                            | SANDISK CORP COMMON STOCK USD.01                           | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9134 | NS      | $414226.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                            | SCHLUMBERGER LTD COMMON STOCK USD.01                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    100558 | NS      | $3398860.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                    | SCHWAB (CHARLES) CORP COMMON STOCK USD.01                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     92648 | NS      | $8453203.52   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                     | SEMPRA COMMON STOCK                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     15556 | NS      | $1178678.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                             | SERVICENOW INC COMMON STOCK USD.001                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      6662 | NS      | $6849068.96   | 0.38%             |  |  |  | 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        |      9343 | NS      | $3208012.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      4700 | NS      | $542145.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                   | SIMON PROPERTY GROUP INC REIT USD.0001                     | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      8655 | NS      | $1391377.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc                               | SITEONE LANDSCAPE SUPPLY INC COMMON STOCK USD.01           | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |      3669 | NS      | $443728.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                            | SOUTHERN CO/THE COMMON STOCK USD5.0                        | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     23045 | NS      | $2116222.35   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                                  | BLOCK INC COMMON STOCK USD.0000001                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     64463 | NS      | $4378971.59   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                                 | STANLEY BLACK + DECKER INC COMMON STOCK USD2.5             | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     50305 | NS      | $3408163.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                             | STARBUCKS CORP COMMON STOCK USD.001                        | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      2375 | NS      | $217621.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                          | STATE STREET CORP COMMON STOCK USD1.0                      | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     22069 | NS      | $2346817.46   | 0.13%             |  |  |  | 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        |   6407973 | NS      | $6407973.12   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                         | STEEL DYNAMICS INC COMMON STOCK USD.005                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     15861 | NS      | $2030366.61   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                               | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     17897 | NS      | $7080590.11   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                        | SUN COMMUNITIES INC REIT USD.01                            | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     13145 | NS      | $1662711.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                               | SYNOPSYS INC COMMON STOCK USD.01                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4258 | NS      | $2182991.44   | 0.12%             |  |  |  | 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        |     30204 | NS      | $3729891.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                                     | TKO GROUP HOLDINGS INC COMMON STOCK USD.00001              | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8892 | NS      | $1617899.40   | 0.09%             |  |  |  | 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        |     43057 | NS      | $10258760.82  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                                    | TPG INC COMMON STOCK                                       | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     40213 | NS      | $2109171.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc                          | TAKE TWO INTERACTIVE SOFTWRE COMMON STOCK USD.01           | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      4458 | NS      | $1082625.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                       | TARGA RESOURCES CORP COMMON STOCK USD.001                  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     17775 | NS      | $3094272.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                                  | TELEDYNE TECHNOLOGIES INC COMMON STOCK USD.01              | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      7246 | NS      | $3712198.26   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                                      | TENET HEALTHCARE CORP COMMON STOCK USD.05                  | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     14105 | NS      | $2482480.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                  | TESLA INC COMMON STOCK USD.001                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     91468 | NS      | $29055724.88  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                      | TEXAS INSTRUMENTS INC COMMON STOCK USD1.0                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      3985 | NS      | $827365.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                                    | TEXAS PACIFIC LAND CORP COMMON STOCK USD.01                | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       689 | NS      | $727852.71    | 0.04%             |  |  |  | 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        |     15501 | NS      | $6285035.46   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                          | TRACTOR SUPPLY COMPANY COMMON STOCK USD.008                | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      7486 | NS      | $395036.22    | 0.02%             |  |  |  | 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        |      9292 | NS      | $1360348.80   | 0.08%             |  |  |  | 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        |      1513 | NS      | $2300728.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                                      | TRAVELERS COS INC/THE COMMON STOCK                         | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       367 | NS      | $98187.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                                | TREX COMPANY INC COMMON STOCK USD.01                       | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9437 | NS      | $513184.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                      | TRUIST FINANCIAL CORP COMMON STOCK USD5.0                  | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     10223 | NS      | $439486.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                            | TYSON FOODS INC CL A COMMON STOCK USD.1                    | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     10000 | NS      | $559400.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                                 | US BANCORP COMMON STOCK USD.01                             | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     58300 | NS      | $2638075.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                      | UBER TECHNOLOGIES INC COMMON STOCK USD.00001               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      9157 | NS      | $854348.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                            | ULTA BEAUTY INC COMMON STOCK                               | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2502 | NS      | $1170485.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                               | UNITED AIRLINES HOLDINGS INC COMMON STOCK USD.01           | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     16230 | NS      | $1292394.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                     | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     33424 | NS      | $10427285.28  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                              | UNIVERSAL HEALTH SERVICES B COMMON STOCK USD.01            | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      2500 | NS      | $452875.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                         | VALERO ENERGY CORP COMMON STOCK USD.01                     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     25531 | NS      | $3431877.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                                 | VENTAS INC REIT USD.25                                     | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     13343 | NS      | $842610.45    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                       | VERISK ANALYTICS INC COMMON STOCK USD.001                  | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      6779 | NS      | $2111658.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                                 | VERTEX PHARMACEUTICALS INC COMMON STOCK USD.01             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     13789 | NS      | $6138862.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                         | VERTIV HOLDINGS CO A COMMON STOCK USD.0001                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     21286 | NS      | $2733335.26   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                                | VIATRIS INC COMMON STOCK                                   | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    247137 | NS      | $2206933.41   | 0.12%             |  |  |  | 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        |     64115 | NS      | $22764030.75  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                         | VOYA FINANCIAL INC COMMON STOCK USD.01                     | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     39808 | NS      | $2826368.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                                        | VULCAN MATERIALS CO COMMON STOCK USD1.0                    | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      7818 | NS      | $2039090.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                | WALMART INC COMMON STOCK USD.1                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    157386 | NS      | $15389203.08  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                      | WASTE CONNECTIONS INC COMMON STOCK                         | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      8724 | NS      | $1628945.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                       | WASTE MANAGEMENT INC COMMON STOCK USD.01                   | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      9782 | NS      | $2238317.24   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                           | WELLS FARGO + CO COMMON STOCK USD1.666                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     79106 | NS      | $6337972.72   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                              | WELLTOWER INC REIT USD1.0                                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     25220 | NS      | $3877070.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                                  | WEST FRASER TIMBER CO LTD COMMON STOCK                     | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     18329 | NS      | $1343515.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                   | WESTERN ALLIANCE BANCORP COMMON STOCK USD.0001             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      9192 | NS      | $716792.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                                       | WESTERN DIGITAL CORP COMMON STOCK USD.01                   | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     13416 | NS      | $858489.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                       | WILLIAMS COS INC COMMON STOCK USD1.0                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     65962 | NS      | $4143073.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                               | WINGSTOP INC COMMON STOCK USD.01                           | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      3776 | NS      | $1271530.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                                | WORKDAY INC CLASS A COMMON STOCK USD.001                   | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      3845 | NS      | $922800.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                            | XCEL ENERGY INC COMMON STOCK USD2.5                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     69961 | NS      | $4764344.10   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                               | XYLEM INC COMMON STOCK                                     | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     12080 | NS      | $1562668.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum  Brands Inc                                            | YUM  BRANDS INC COMMON STOCK                               | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     10786 | NS      | $1598269.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                                    | ZEBRA TECHNOLOGIES CORP CL A COMMON STOCK USD.01           | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      3433 | NS      | $1058599.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                                 | ZIMMER BIOMET HOLDINGS INC COMMON STOCK USD.01             | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     23003 | NS      | $2098103.63   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                                 | ZOETIS INC COMMON STOCK USD.01                             | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      2111 | NS      | $329210.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                  | AXIS CAPITAL HOLDINGS LTD COMMON STOCK USD.0125            | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     14625 | NS      | $1518367.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                              | ACCENTURE PLC CL A COMMON STOCK USD.0000225                | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     26900 | NS      | $8040141.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                         | JOHNSON CONTROLS INTERNATION COMMON STOCK USD.01           | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     17248 | NS      | $1821733.76   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                  | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     21631 | NS      | $10148832.58  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                              | MEDTRONIC PLC COMMON STOCK USD.1                           | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     21919 | NS      | $1910679.23   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                                 | RENAISSANCERE HOLDINGS LTD COMMON STOCK USD1.0             | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     13272 | NS      | $3223768.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                     | TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0                 | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      7091 | NS      | $3101674.31   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                  | CHUBB LTD COMMON STOCK                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     30260 | NS      | $8766927.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                      | SPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      2089 | NS      | $1602973.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                             | MONDAY.COM LTD COMMON STOCK                                | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      1520 | NS      | $478009.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                      | NXP SEMICONDUCTORS NV COMMON STOCK EUR.2                   | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      8073 | NS      | $1763869.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                | ROYAL CARIBBEAN CRUISES LTD COMMON STOCK USD.01            | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      1836 | NS      | $574925.04    | 0.03%             |  |  |  | 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