# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-006623
**Filing Date:** 2026-5
**Character Count:** 40893
**Document Hash:** 1ac810b06a3f8bc329fe05579b586fcc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-006623.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001099263-26-006623

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261035299

**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 Blue Chip Growth ETF (Series ID: S000067974)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000217970 | T. Rowe Price Blue Chip Growth ETF | TCHP            |

## Nport-Ex

T. ROWE PRICE BLUE CHIP GROWTH ETF

------

March 31, 2026 Unaudited

---

| | | |
|:---|:---|:---|
| **PORTFOLIO OF INVESTMENTS<sup>‡</sup>** | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| **COMMON STOCKS 99.4%** | **COMMON STOCKS 99.4%** | **COMMON STOCKS 99.4%** |
| **COMMUNICATION SERVICES 15.6%** | **COMMUNICATION SERVICES 15.6%** | **COMMUNICATION SERVICES 15.6%** |
| **Entertainment 2.3%** |  |  |
| Netflix (1) | 433736 | &nbsp;&nbsp;&nbsp;41704 |
|  |  | &nbsp;&nbsp;&nbsp;**41704** |
| **Interactive Media & Services 12.3%** |  |  |
| Alphabet, Class A | 100654 | &nbsp;&nbsp;&nbsp;28944 |
| Alphabet, Class C | 371436 | 106550 |
| Meta Platforms, Class A | 157570 | &nbsp;&nbsp;&nbsp;90151 |
|  |  | **225645** |
| **Wireless Telecommunication Services 1.0%** |  |  |
| T-Mobile US | &nbsp;&nbsp;&nbsp;87694 | &nbsp;&nbsp;&nbsp;18418 |
|  |  | &nbsp;&nbsp;&nbsp;**18418** |
| Total Communication Services |  | 285767 |
| **CONSUMER DISCRETIONARY 16.1%** | **CONSUMER DISCRETIONARY 16.1%** | **CONSUMER DISCRETIONARY 16.1%** |
| **Automobiles 2.8%** |  |  |
| Tesla (1) | 135172 | &nbsp;&nbsp;&nbsp;50250 |
|  |  | &nbsp;&nbsp;&nbsp;**50250** |
| **Broadline Retail 7.0%** |  |  |
| Amazon.com (1) | 580597 | 120921 |
| Sea, ADR (1) | &nbsp;&nbsp;&nbsp;85993 | &nbsp;&nbsp;&nbsp;&nbsp;7121 |
|  |  | **128042** |
| **Hotels, Restaurants & Leisure 1.6%** |  |  |
| Booking Holdings | &nbsp;&nbsp;&nbsp;&nbsp;3747 | &nbsp;&nbsp;&nbsp;15776 |
| Chipotle Mexican Grill (1) | 249462 | &nbsp;&nbsp;&nbsp;&nbsp;7986 |
| DoorDash, Class A (1) | &nbsp;&nbsp;&nbsp;41479 | &nbsp;&nbsp;&nbsp;&nbsp;6228 |
|  |  | &nbsp;&nbsp;&nbsp;**29990** |
| **Specialty Retail 4.7%** |  |  |
| Carvana (1) | 203627 | &nbsp;&nbsp;&nbsp;64016 |
| Ross Stores | &nbsp;&nbsp;&nbsp;50355 | &nbsp;&nbsp;&nbsp;10908 |
| TJX | &nbsp;&nbsp;&nbsp;63823 | &nbsp;&nbsp;&nbsp;10193 |
|  |  | &nbsp;&nbsp;&nbsp;**85117** |
| Total Consumer Discretionary |  | 293399 |
| **CONSUMER STAPLES 0.8%** | **CONSUMER STAPLES 0.8%** | **CONSUMER STAPLES 0.8%** |
| **Food Products 0.2%** |  |  |
| Mondelez International | &nbsp;&nbsp;&nbsp;56990 | &nbsp;&nbsp;&nbsp;&nbsp;3285 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**3285** |

---

------

T. ROWE PRICE BLUE CHIP GROWTH ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| **Household Products 0.6%** |  |  |
| Colgate-Palmolive | &nbsp;&nbsp;&nbsp;72628 | &nbsp;&nbsp;&nbsp;&nbsp;6190 |
| Procter & Gamble | &nbsp;&nbsp;&nbsp;32305 | &nbsp;&nbsp;&nbsp;&nbsp;4666 |
|  |  | &nbsp;&nbsp;&nbsp;**10856** |
| Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;14141 |
| **FINANCIALS 7.9%** | **FINANCIALS 7.9%** | **FINANCIALS 7.9%** |
| **Capital Markets 1.5%** |  |  |
| Charles Schwab | &nbsp;&nbsp;&nbsp;63622 | &nbsp;&nbsp;&nbsp;&nbsp;5979 |
| Goldman Sachs Group | &nbsp;&nbsp;&nbsp;&nbsp;9573 | &nbsp;&nbsp;&nbsp;&nbsp;8099 |
| Moody's | &nbsp;&nbsp;&nbsp;12137 | &nbsp;&nbsp;&nbsp;&nbsp;5295 |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;52106 | &nbsp;&nbsp;&nbsp;&nbsp;8575 |
|  |  | &nbsp;&nbsp;&nbsp;**27948** |
| **Financial Services 5.0%** |  |  |
| Mastercard, Class A | &nbsp;&nbsp;&nbsp;80675 | &nbsp;&nbsp;&nbsp;40310 |
| Visa, Class A | 169696 | &nbsp;&nbsp;&nbsp;51289 |
|  |  | &nbsp;&nbsp;&nbsp;**91599** |
| **Insurance 1.4%** |  |  |
| Chubb | &nbsp;&nbsp;&nbsp;59559 | &nbsp;&nbsp;&nbsp;19412 |
| Marsh & McLennan | &nbsp;&nbsp;&nbsp;32582 | &nbsp;&nbsp;&nbsp;&nbsp;5651 |
|  |  | &nbsp;&nbsp;&nbsp;**25063** |
| Total Financials |  | 144610 |
| **HEALTH CARE 6.6%** | **HEALTH CARE 6.6%** | **HEALTH CARE 6.6%** |
| **Health Care Equipment & Supplies 1.9%** |  |  |
| Intuitive Surgical (1) | &nbsp;&nbsp;&nbsp;52206 | &nbsp;&nbsp;&nbsp;24067 |
| Medkine, Class A (1) | &nbsp;&nbsp;&nbsp;39621 | &nbsp;&nbsp;&nbsp;&nbsp;1763 |
| Stryker | &nbsp;&nbsp;&nbsp;25408 | &nbsp;&nbsp;&nbsp;&nbsp;8349 |
|  |  | &nbsp;&nbsp;&nbsp;**34179** |
| **Health Care Providers & Services 0.6%** |  |  |
| UnitedHealth Group | &nbsp;&nbsp;&nbsp;41905 | &nbsp;&nbsp;&nbsp;11339 |
|  |  | &nbsp;&nbsp;&nbsp;**11339** |
| **Life Sciences Tools & Services 1.1%** |  |  |
| Danaher | &nbsp;&nbsp;&nbsp;50175 | &nbsp;&nbsp;&nbsp;&nbsp;9513 |
| Thermo Fisher Scientific | &nbsp;&nbsp;&nbsp;21730 | &nbsp;&nbsp;&nbsp;10681 |
|  |  | &nbsp;&nbsp;&nbsp;**20194** |
| **Pharmaceuticals 3.0%** |  |  |
| Eli Lilly | &nbsp;&nbsp;&nbsp;59226 | &nbsp;&nbsp;&nbsp;54474 |
|  |  | &nbsp;&nbsp;&nbsp;**54474** |
| Total Health Care |  | 120186 |

---

------

T. ROWE PRICE BLUE CHIP GROWTH ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| **INDUSTRIALS & BUSINESS SERVICES 3.6%** | **INDUSTRIALS & BUSINESS SERVICES 3.6%** | **INDUSTRIALS & BUSINESS SERVICES 3.6%** |
| **Aerospace & Defense 2.1%** |  |  |
| GE Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;119626 | &nbsp;&nbsp;&nbsp;33946 |
| TransDigm Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3457 | &nbsp;&nbsp;&nbsp;&nbsp;4007 |
|  |  | &nbsp;&nbsp;&nbsp;**37953** |
| **Commercial Services & Supplies 0.2%** |  |  |
| Cintas | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24285 | &nbsp;&nbsp;&nbsp;&nbsp;4107 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**4107** |
| **Electrical Equipment 1.0%** |  |  |
| GE Vernova | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20683 | &nbsp;&nbsp;&nbsp;18054 |
|  |  | &nbsp;&nbsp;&nbsp;**18054** |
| **Ground Transportation 0.3%** |  |  |
| Old Dominion Freight Line | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25607 | &nbsp;&nbsp;&nbsp;&nbsp;5004 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**5004** |
| Total Industrials & Business Services |  | &nbsp;&nbsp;&nbsp;65118 |
| **INFORMATION TECHNOLOGY 47.6%** | **INFORMATION TECHNOLOGY 47.6%** | **INFORMATION TECHNOLOGY 47.6%** |
| **Electronic Equipment, Instruments & Components 0.5%** |  |  |
| TE Connectivity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42492 | &nbsp;&nbsp;&nbsp;&nbsp;8882 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**8882** |
| **IT Services 0.8%** |  |  |
| Shopify, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;122346 | &nbsp;&nbsp;&nbsp;14513 |
|  |  | &nbsp;&nbsp;&nbsp;**14513** |
| **Semiconductors & Semiconductor Equipment 22.9%** |  |  |
| ASML Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16096 | &nbsp;&nbsp;&nbsp;21260 |
| Broadcom | &nbsp;&nbsp;&nbsp;&nbsp;289602 | &nbsp;&nbsp;&nbsp;89635 |
| Monolithic Power Systems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10791 | &nbsp;&nbsp;&nbsp;11798 |
| NVIDIA | 1588722 | 277073 |
| Taiwan Semiconductor Manufacturing, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40513 | &nbsp;&nbsp;&nbsp;13692 |
| Texas Instruments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28192 | &nbsp;&nbsp;&nbsp;&nbsp;5473 |
|  |  | **418931** |
| **Software 13.9%** |  |  |
| Crowdstrike Holdings, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17245 | &nbsp;&nbsp;&nbsp;&nbsp;6733 |
| Datadog, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23650 | &nbsp;&nbsp;&nbsp;&nbsp;2792 |
| Microsoft | &nbsp;&nbsp;&nbsp;&nbsp;506201 | 187380 |
| Oracle | &nbsp;&nbsp;&nbsp;&nbsp;110373 | &nbsp;&nbsp;&nbsp;16237 |
| Palantir Technologies, Class A (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36167 | &nbsp;&nbsp;&nbsp;&nbsp;5291 |
| Roper Technologies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16491 | &nbsp;&nbsp;&nbsp;&nbsp;5835 |
| ServiceNow (1) | &nbsp;&nbsp;&nbsp;&nbsp;196502 | &nbsp;&nbsp;&nbsp;20544 |
| Synopsys (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22731 | &nbsp;&nbsp;&nbsp;&nbsp;9012 |
|  |  | **253824** |

---

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T. ROWE PRICE BLUE CHIP GROWTH ETF

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | **$ Value** |
| (Cost and value in $000s) |  |  |
| **Technology Hardware, Storage & Peripherals 9.5%** |  |  |
| Apple | &nbsp;&nbsp;&nbsp;&nbsp;684659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173760 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**173760** |
| Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869910 |
| **MATERIALS 0.7%** | **MATERIALS 0.7%** | **MATERIALS 0.7%** |
| **Chemicals 0.7%** |  |  |
| Linde | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7287 |
| Sherwin-Williams | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6526 |
| Total Materials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13813 |
| **UTILITIES 0.5%** | **UTILITIES 0.5%** | **UTILITIES 0.5%** |
| **Electric Utilities 0.5%** |  |  |
| Constellation Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8859 |
| Total Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8859 |
| **Total Common Stocks (Cost $1,550,616)** |  | &nbsp;&nbsp;&nbsp;**1815803** |
| **SHORT-TERM INVESTMENTS 0.5%** | **SHORT-TERM INVESTMENTS 0.5%** | **SHORT-TERM INVESTMENTS 0.5%** |
| **Money Market Funds 0.5%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, 3.60% (2) | 8786229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8786 |
| **Total Short-Term Investments (Cost $8,786)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8786** |
| **Total Investments in Securities<br> 99.9% of Net Assets (Cost $1,559,402)** |  | **$1824589** |
| **Other Assets Less Liabilities 0.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1142** |
| **Net Assets 100.0%** |  | **$1825731** |

---

---

| | |
|:---|:---|
| ‡ | Shares are denominated in U.S. dollars unless otherwise noted. |
| (1) | Non-income producing |
| (2) | Seven-day yield |
| ADR | American Depositary Receipts |

---

The accompanying notes are an integral part of this Portfolio of Investments.

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T. ROWE PRICE BLUE CHIP GROWTH ETF

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Unaudited

#### NOTES TO PORTFOLIO OF INVESTMENTS

------

T. Rowe Price Exchange-Traded Funds, Inc. (the corporation) is registered under the Investment Company Act of 1940 (the 1940 Act). The Blue Chip Growth ETF (the fund) is an open-end management investment company established by the corporation and follows accounting and reporting guidance of the Financial Accounting Standards Board *Accounting Standards Codification* Topic 946. The accompanying Portfolio of Investments was prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The fund is considered an actively-managed exchange-traded fund (ETF) that does not disclose its portfolio holdings daily, which is different from a traditional ETF and may create additional risks. For additional information on the fund's significant accounting policies and investment related disclosures, please refer to the fund's most recent semiannual or annual shareholder report and its prospectus.

#### VALUATION

#### Fair Value
The fund's financial instruments are valued at the close of the New York Stock Exchange (NYSE), normally 4 p.m. Eastern Time, each day the NYSE is open for business, and are reported at fair value, which GAAP defines as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fund's Board of Directors (the Board) has designated T. Rowe Price Associates, Inc. as the fund's valuation designee (Valuation Designee). Subject to oversight by the Board, the Valuation Designee performs the following functions in performing fair value determinations: assesses and manages valuation risks; establishes and applies fair value methodologies; tests fair value methodologies; and evaluates pricing vendors and pricing agents. The duties and responsibilities of the Valuation Designee are performed by its Valuation Committee. The Valuation Designee provides periodic reporting to the Board on valuation matters.

Various valuation techniques and inputs are used to determine the fair value of financial instruments. GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value:

Level 1 – quoted prices (unadjusted) in active markets for identical financial instruments that the fund can access at the reporting date

Level 2 – inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads)

Level 3 – unobservable inputs (including the Valuation Designee's assumptions in determining fair value)

Observable inputs are developed using market data, such as publicly available information about actual events or transactions, and reflect the assumptions that market participants would use to price the financial instrument. Unobservable inputs are those for which market data are not available and are developed using the best information available about the assumptions that market participants would use to price the financial instrument. GAAP requires valuation techniques to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. When multiple inputs are used to derive fair value, the financial instrument is assigned to the level within the fair value hierarchy based on the lowest-level input that is significant to the fair value of the financial instrument. Input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level but rather the degree of judgment used in determining those values.

#### Valuation Techniques
Equity securities, including exchange-traded funds, listed or regularly traded on a securities exchange or in the over-the-counter (OTC) market are valued at the last quoted sale price or, for certain markets, the official closing price at the time the valuations are made. A security that is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for such security. Listed securities not traded on a particular day are valued at the mean of the closing bid and asked prices for domestic securities.

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T. ROWE PRICE BLUE CHIP GROWTH ETF

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Investments in mutual funds are valued at the mutual fund's closing NAV per share on the day of valuation.

Investments for which market quotations are not readily available or deemed unreliable are valued at fair value as determined in good faith by the Valuation Designee. The Valuation Designee has adopted methodologies for determining the fair value of investments for which market quotations are not readily available or deemed unreliable, including the use of other pricing sources. Factors used in determining fair value vary by type of investment and may include market or investment specific considerations. The Valuation Designee typically will afford the greatest weight to actual prices in arm's length transactions, to the extent they represent orderly transactions between market participants, transaction information can be reliably obtained, and prices are deemed representative of fair value. However, the Valuation Designee may also consider other valuation methods such as market-based valuation multiples; a discount or premium from market value of a similar, freely traded security of the same issuer; discounted cash flows; yield to maturity; or some combination. Fair value determinations are reviewed on a regular basis. Because any fair value determination involves a significant amount of judgment, there is a degree of subjectivity inherent in such pricing decisions. Fair value prices determined by the Valuation Designee could differ from those of other market participants, and it is possible that the fair value determined for a security may be materially different from the value that could be realized upon the sale of that security.

#### Valuation Inputs
On March 31, 2026, all of the fund's financial instruments were classified as Level 1, based on the inputs used to determine their fair values.

#### OTHER MATTERS
Unpredictable environmental, political, social and economic events, including but not limited to, environmental or natural disasters, war and conflict, terrorism, geopolitical and regulatory developments (including trading and tariff arrangements), and public health epidemics or threats, may significantly affect the economy and the markets and issuers in which a fund invests. The extent and duration of such events and resulting market disruptions cannot be predicted. These and other similar events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others, and exacerbate other pre-existing political, social, and economic risks. The fund's performance could be negatively impacted if the value of a portfolio holding were harmed by these or such events.

#### ETF785-054Q1

#### 03/26

## 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 Blue Chip Growth ETF

- **b. EDGAR series identifier (if any):** S000067974

- **c. LEI of Series:** 549300BVE1V7N27YJU96

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1826614139.54

**Total Liabilities:** $883045.15

**Net Assets:** $1825731094.39

**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 C000217970 | -1.95%               | -4.54%               | -5.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-27477.76               | $-35613640.07                              |
| Month 2  | $3051404.03              | $-86985657.04                              |
| Month 3  | $-233763.97              | $-100980764.47                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALPHABET INC CL A               | ALPHABET INC CL A COMMON STOCK USD.001                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    100654 | NS      | $28944064.24  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL C               | ALPHABET INC CL C COMMON STOCK USD.001                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    371436 | NS      | $106550130.96 | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                  | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    580597 | NS      | $120920937.19 | 6.62%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                       | APPLE INC COMMON STOCK USD.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    684659 | NS      | $173759607.61 | 9.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV NY              | ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09              | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     16096 | NS      | $21260079.68  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC            | BOOKING HOLDINGS INC COMMON STOCK USD.008                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3747 | NS      | $15776069.04  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                    | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    295197 | NS      | $91366423.47  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                      | CARVANA CO COMMON STOCK USD.001                            | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |    203627 | NS      | $64016256.26  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC      | CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01             | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    249462 | NS      | $7985278.62   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                       | CHUBB LTD COMMON STOCK                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     59559 | NS      | $19412064.87  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                     | CINTAS CORP COMMON STOCK                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24285 | NS      | $4107564.90   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO            | COLGATE PALMOLIVE CO COMMON STOCK USD1.0                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     72628 | NS      | $6190084.44   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY            | CONSTELLATION ENERGY COMMON STOCK                          | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     31724 | NS      | $8858927.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC - A    | CROWDSTRIKE HOLDINGS INC   A COMMON STOCK                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     17245 | NS      | $6732620.45   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                    | DANAHER CORP COMMON STOCK USD.01                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     50175 | NS      | $9513180.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC - CLASS A           | DATADOG INC   CLASS A COMMON STOCK USD.00001               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     23650 | NS      | $2791882.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC - A                | DOORDASH INC   A COMMON STOCK USD.00001                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     41479 | NS      | $6228071.85   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                  | ELI LILLY + CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     59226 | NS      | $54474298.02  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA LLC                  | GE VERNOVA INC COMMON STOCK USD.01                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     20683 | NS      | $18054190.70  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                    | GENERAL ELECTRIC COMMON STOCK USD.01                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    119626 | NS      | $33946270.02  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC         | GOLDMAN SACHS GROUP INC COMMON STOCK USD.01                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      9573 | NS      | $8098662.27   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC          | INTUITIVE SURGICAL INC COMMON STOCK USD.001                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     52206 | NS      | $24066443.94  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                       | LINDE PLC COMMON STOCK                                     | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     14698 | NS      | $7286680.48   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS            | MARSH + MCLENNAN COS COMMON STOCK USD1.0                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     32582 | NS      | $5651347.90   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A              | MASTERCARD INC   A COMMON STOCK USD.0001                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     80675 | NS      | $40310070.50  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE INC-CL A                | MEDLINE INC CL A COMMON STOCK USD.0001                     | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     39621 | NS      | $1763134.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC-CLASS A      | META PLATFORMS INC CLASS A COMMON STOCK USD.000006         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    157570 | NS      | $90150524.10  | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                  | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    506201 | NS      | $187380424.17 | 10.26%            |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC      | MONDELEZ INTERNATIONAL INC A COMMON STOCK                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     56990 | NS      | $3284903.60   | 0.18%             |  |  |  | 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        |     10791 | NS      | $11798339.85  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODY S CORP                    | MOODY S CORP COMMON STOCK USD.01                           | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     12137 | NS      | $5294766.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                  | MORGAN STANLEY COMMON STOCK USD.01                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     52106 | NS      | $8575084.42   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                     | NETFLIX INC COMMON STOCK USD.001                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    433736 | NS      | $41703716.40  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                     | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1588722 | NS      | $277073116.80 | 15.18%            |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE       | OLD DOMINION FREIGHT LINE COMMON STOCK USD.1               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     25607 | NS      | $5003607.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                     | ORACLE CORP COMMON STOCK USD.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    110373 | NS      | $16236972.03  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC-A     | PALANTIR TECHNOLOGIES INC A COMMON STOCK USD.001           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     36167 | NS      | $5290508.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE         | PROCTER + GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     32305 | NS      | $4666134.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC          | ROPER TECHNOLOGIES INC COMMON STOCK USD.01                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     16491 | NS      | $5835505.26   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                 | ROSS STORES INC COMMON STOCK USD.01                        | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     50355 | NS      | $10908403.65  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP           | SCHWAB (CHARLES) CORP COMMON STOCK USD.01                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     63622 | NS      | $5979195.56   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD ADR                     | SEA LTD ADR ADR USD.0005                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     85993 | NS      | $7121080.33   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                  | SERVICENOW INC COMMON STOCK USD.001                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    196502 | NS      | $20544284.10  | 1.13%             |  |  |  | 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        |     20360 | NS      | $6526398.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC - CLASS A           | SHOPIFY INC   CLASS A COMMON STOCK                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    122346 | NS      | $14512682.52  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET INS US GO MM FD-IS | STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   8786229 | NS      | $8786228.94   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                    | STRYKER CORP COMMON STOCK USD.1                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     25408 | NS      | $8348814.72   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                    | SYNOPSYS INC COMMON STOCK USD.01                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     22731 | NS      | $9012386.88   | 0.49%             |  |  |  | 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        |     87694 | NS      | $18418370.82  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR     | TAIWAN SEMICONDUCTOR SP ADR ADR                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     40513 | NS      | $13691368.35  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC             | TE CONNECTIVITY PLC COMMON STOCK USD.01                    | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     42492 | NS      | $8881677.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                       | TESLA INC COMMON STOCK USD.001                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    135172 | NS      | $50250191.00  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC           | TEXAS INSTRUMENTS INC COMMON STOCK USD1.0                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     28192 | NS      | $5473194.88   | 0.30%             |  |  |  | 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        |     21730 | NS      | $10680946.90  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC               | TJX COMPANIES INC COMMON STOCK USD1.0                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     63823 | NS      | $10192533.10  | 0.56%             |  |  |  | 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        |      3457 | NS      | $4006524.72   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC          | UNITEDHEALTH GROUP INC COMMON STOCK USD.01                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     41905 | NS      | $11339073.95  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES         | VISA INC CLASS A SHARES COMMON STOCK USD.0001              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    169696 | NS      | $51288919.04  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President