|
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete. |
| Form N-CEN Filer Information |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CEN ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES | OMB APPROVAL |
| OMB Number: 3235-0729 Estimated average burden hours per response: 19.04 |
| Series ID Record | Series ID | Class ID |
|---|---|---|
| #1 | S000071604 | 1. C000226980 |
| #2 | S000067976 | 1. C000217972 |
| #3 | S000067975 | 1. C000217971 |
| #4 | S000067974 | 1. C000217970 |
| #5 | S000067977 | 1. C000217973 |
| #6 | S000079834 | 1. C000241222 |
| #7 | S000079837 | 1. C000241225 |
| #8 | S000079838 | 1. C000241226 |
| #9 | S000079835 | 1. C000241223 |
| #10 | S000086172 | 1. C000251574 |
| #11 | S000089785 | 1. C000256565 |
| #12 | S000089786 | 1. C000256566 |
| #13 | S000092023 | 1. C000259933 |
| #14 | S000092025 | 1. C000259935 |
| #15 | S000092021 | 1. C000259931 |
| #16 | S000095884 | 1. C000264666 |
| a. Report for period ending: | 2025-12-31 |
| b. Does this report cover a period of less than 12 months? | ☐ Yes ☒ No |
| a. Full name of Registrant | T. Rowe Price Exchange-Traded Funds, Inc. |
|
b. Investment Company Act file number ( e.g., 811-) | 811-23494 |
| c. CIK | 0001795351 |
| d. LEI | 549300XZPUK24E1UMH17 |
| a. Street 1 | 1307 Point Street |
| Street 2 | |
| b. City | Baltimore |
| c. State, if applicable |
MARYLAND
|
| d. Foreign country, if applicable |
UNITED STATES OF AMERICA
|
| e. Zip code and zip code extension, or foreign postal code | 21231 |
| f. Telephone number (including country code if foreign) | 410-345-2000 |
| g. Public Website, if any | www.troweprice.com |
| Instruction. Provide the requested information for each person maintaining physical possession of each account, book, or other document required to be maintained by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section. |
| Location Books Record |
Name of person (e.g., a custodian of records) | Telephone | Address | Briefly describe books and records kept at this location |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 617-662-0670 | One Iron St Boston, MASSACHUSETTS 02110 UNITED STATES OF AMERICA | Custodian records for the Registrant; Transfer agent and dividend disbursing agent records, and Fund accounting records |
| #2 | T. Rowe Price Associates, Inc. | 410-345-2000 | 1307 Point Street Baltimore, MARYLAND 21231 UNITED STATES OF AMERICA | Investment Advisor records |
| #3 | T. Rowe Price Exchange-Traded Fund, Inc. | 410-345-2000 | 1307 Point Street Baltimore, MARYLAND 21231 UNITED STATES OF AMERICA | All accounts, books, and other documents required to be maintained by the Registrant under Section 31(a) of the Investment Company Act of 1940 and the rules thereunder. |
| #4 | T. Rowe Price Investment Services, Inc. | 410-345-2000 | 1307 Point Street Baltimore, MARYLAND 21231 UNITED STATES OF AMERICA | Underwriter records |
| Instruction. Respond "yes" to Item B.4.b only if the Registrant has filed an application to deregister or will file an application to deregister before its next required filing on this form. |
| a. Is this the first filing on this form by the Registrant? | ☐ Yes ☒ No |
| b. Is this the last filing on this form by the Registrant? | ☐ Yes ☒ No |
| Instruction. "Family of investment companies" means, except for insurance company separate accounts, any two or more registered investment companies that (i) share the same investment adviser or principal underwriter; and (ii) hold themselves out to investors as related companies for purposes of investment and investor services. In responding to this item, all Registrants in the family of investment companies should report the name of the family of investment companies identically. |
| Insurance company separate accounts that may not hold themselves out to investors as related companies (products) for purposes of investment and investor services should consider themselves part of the same family if the operational or accounting or control systems under which these entities function are substantially similar. |
| a. Is the Registrant part of a family of investment companies? | ☒ Yes ☐ No |
| i. Full name of family of investment companies | TROWEPRICE |
| Instruction. For Item B.6.a.i., the Registrant should include all Series that have been established by the Registrant and have shares outstanding (other than shares issued in connection with an initial investment to satisfy section 14(a) of the Act). |
| a. Indicate the classification of the Registrant by checking the applicable item | ☒
a. Open-end management investment company registered under the Act on Form N-1A
☐ b. Closed-end management investment company registered under the Act on Form N-2 ☐ c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3 ☐ d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4 ☐ e. Small business investment company registered under the Act on Form N-5 ☐ f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6 ☐ g. Unit investment trust registered under the Act on Form N-8B-2 |
| i. Total number of Series of the Registrant | 30 |
| ii. If a Series of the Registrant with a fiscal year end covered by the report was terminated during the reporting period, provide the following information: |
| Terminated Organization Record | Name of the Series | Series identification number | Date of termination (month/year) |
|---|---|---|---|
| — | — | — | — |
| a. Is the Registrant the issuer of a class of securities registered under the Securities Act of 1933 ("Securities Act")? | ☒ Yes ☐ No |
| a. Provide the information requested below about each person serving as director of the Registrant (management investment companies only): |
| Director Record | Full Name | CRD number, if any | Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))? | Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-): |
|---|---|---|---|---|
| #1 | Bruce W. Duncan | N/A | No | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #2 | Kellye L. Walker | N/A | No | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #3 | Melody Bianchetto | N/A | No | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #4 | Robert J. Gerrard, Jr. | N/A | No | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #5 | Teresa Bryce Bazemore | N/A | No | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #6 | David Oestreicher | 004594569 | Yes | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #7 | Eric L. Veiel | 003269676 | Yes | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| #8 | Paul F. McBride | N/A | No | 811-00579 811-00696 811-00958 811-01710 811-02215-99 811-02396 811-02603 811-02684 811-02958 811-03055 811-03872 811-03894 811-04119 811-04163 811-04358 811-04400 811-04441 811-04519 811-04521 811-04998 811-05299 811-05833 811-05860 811-05986 811-06275 811-06665 811-07055 811-07059 811-07075 811-07093 811-07095 811-07143 811-07145 811-07153 811-07173 811-07209 811-07225 811-07353 811-07381 811-07605 811-07639 811-07749 811-08203 811-08207 811-08279 811-08371 811-09995 811-10063 811-10093 811-21055 811-21149 811-21185 811-21454 811-21919 811-22218 811-22243 811-22293 811-22410 811-22557 811-22620 811-22810 811-22939 811-22968 811-23180 811-23261 |
| a. Provide the information requested below about each person serving as chief compliance officer (CCO) of the Registrant for purposes of rule 38a-1 (17 CFR 270.38a- 1): |
| Chief Compliance Officer Record | Full Name | CRD Number, if any | Telephone | Address | Has the CCO changed since the last filing? | If the chief compliance officer is compensated or employed by any person other than the Registrant, or an affiliated person of the Registrant, for providing chief compliance officer services, provide: |
|---|---|---|---|---|---|---|
| #1 | Savonne Ferguson | N/A | XXXXXX | 1307 Point Street Baltimore, MARYLAND 21231 UNITED STATES OF AMERICA | No |
|
| Instruction. Registrants registered on Forms N-3, N-4 or N-6, should respond "yes" to this Item only if security holder votes were solicited on contract-level matters. |
| a. Were any matters submitted by the Registrant for its security holders' vote during the reporting period? | ☒ Yes ☐ No |
| i. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved: |
| Security Matter Series info Record | Series name | Series identification number |
|---|
| Instruction. For purposes of this Item, the following proceedings should be described: (1) any bankruptcy, receivership or similar proceeding with respect to the Registrant or any of its significant subsidiaries; (2) any proceeding to which any director, officer or other affiliated person of the Registrant is a party adverse to the Registrant or any of its subsidiaries; and (3) any proceeding involving the revocation or suspension of the right of the Registrant to sell securities. |
| a. Have there been any material legal proceedings, other than routine litigation incidental to the business, to which the Registrant or any of its subsidiaries was a party or of which any of their property was the subject during the reporting period? | ☐ Yes ☒ No |
| b. Has any proceeding previously reported been terminated? | ☐ Yes ☒ No |
| a. Were any claims with respect to the Registrant filed under a fidelity bond (including, but not limited to, the fidelity insuring agreement of the bond) during the reporting period? | ☐ Yes ☒ No |
| a. Are the Registrant's officers or directors covered in their capacities as officers or directors under any directors and officers/errors and omissions insurance policy owned by the Registrant or anyone else? | ☒ Yes ☐ No |
| i. If yes, were any claims filed under the policy during the reporting period with respect to the Registrant? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, a provision of financial support includes any (1) capital contribution, (2) purchase of a security from a Money Market Fund in reliance on rule 17a-9 under the Act (17 CFR 270.17a-9), (3) purchase of any defaulted or devalued security at fair value reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio, (4) execution of letter of credit or letter of indemnity, (5) capital support agreement (whether or not the Registrant ultimately received support), (6) performance guarantee, or (7) other similar action reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio. Provision of financial support does not include any (1) routine waiver of fees or reimbursement of Registrant's expenses, (2) routine inter-fund lending, (3) routine inter-fund purchases of Registrant's shares, or (4) action that would qualify as financial support as defined above, that the board of directors has otherwise determined not to be reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio. |
| a. Did an affiliated person, promoter, or principal underwriter of the Registrant, or an affiliated person of such a person, provide any form of financial support to the Registrant during the reporting period? | ☐ Yes ☒ No |
| a. During the reporting period, did the Registrant rely on any orders from the Commission granting an exemption from one or more provisions of the Act, Securities Act or Exchange Act? | ☐ Yes ☒ No |
| a. Provide the information requested below about each principal underwriter: |
| Principal Underwriter Record | Full Name | SEC file number (e.g., 8-) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the principal underwriter an affiliated person of the Registrant, or its investment adviser(s) or depositor? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes |
| b. Have any principal underwriters been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each independent public accountant: |
| Public Accountant Record | Full Name | PCAOB Number | Identifying number(s) | State, if applicable | Foreign country, if applicable |
|---|---|---|---|---|---|
| #1 | PricewaterhouseCoopers LLP | 238 | LEI: 5493002GVO7EO8RNNS37 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA |
| b. Has the independent public accountant changed since the last filing? | ☐ Yes ☒ No |
| Instruction. Small business investment companies are not required to respond to this item. |
| a. For the reporting period, did an independent public accountant's report on internal control note any material weaknesses? | ☐ Yes ☒ No |
| a. For the reporting period, did an independent public accountant issue an opinion other than an unqualified opinion with respect to its audit of the Registrant's financial statements? | ☐ Yes ☒ No |
| Instruction. Responses to this item need not include changes to valuation techniques used for individual securities (e.g., changing from market approach to income approach for a private equity security). In responding to Item B.20.c., provide the applicable "asset type" category specified in Item C.4.a. of Form N-PORT. In responding to Item B.20.d., provide a brief description of the type of investments involved. If the change in valuation methods applies only to certain sub-asset types included in the response to Item B.20.c., please provide the sub-asset types in the response to Item B.20.d. The responses to Item B.20.c. and Item B.20.d. should be identical only if the change in valuation methods applies to all assets within that category. |
| a. Have there been material changes in the method of valuation (e.g., change from use of bid price to mid price for fixed income securities or change in trigger threshold for use of fair value factors on international equity securities) of the Registrant's assets during the reporting period? | ☐ Yes ☒ No |
| a. Have there been any changes in accounting principles or practices, or any change in the method of applying any such accounting principles or practices, which will materially affect the financial statements filed or to be filed for the current year with the Commission and which has not been previously reported? | ☐ Yes ☒ No |
| a. During the reporting period, were any payments made to shareholders or shareholder accounts reprocessed as a result of an error in calculating the Registrant's net asset value (or net asset value per share)? | ☐ Yes ☒ No |
| a. During the reporting period, did the Registrant pay any dividend or make any distribution in the nature of a dividend payment, required to be accompanied by a written statement pursuant to section 19(a) of the Act (15 U.S.C. 80a-19(a)) and rule 19a-1 thereunder (17 CFR 270.19a-1)? | ☒ Yes ☐ No |
| i. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved: |
| Payment dividend series info Record | Series name | Series identification number |
|---|---|---|
| #1 | T. Rowe Price Capital Appreciation Premium Income ETF | S000089785 |
| Management investment companies that offer multiple series must complete Part C as to each series separately, even if some information is the same for two or more series. To begin this section or add an additional series(s), click on the bar labeled "Add a New Series" below. |
| Management Investment Record: 1 |
| a. Full Name of the Fund | T. Rowe Price U.S. Equity Research ETF |
| b. Series identication number, if any | S000071604 |
| c. LEI | 549300G9627FK2SYEV38 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price U.S. Equity Research ETF | C000226980 | TSPA |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☒ Yes ☐ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 1,410,160.00 |
| g. Provide the net income from securities lending activities | 2,764.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☒ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #2 | State Street Trust Company Canada | LEI: 549300L71XG2CTQ2V827 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 11,213.00 | |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 14,877.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 23,192.00 |
| #4 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 22,776.00 |
| #5 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 14,281.00 |
| #6 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 9,092.00 |
| #7 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 26,183.00 |
| #8 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 19,863.00 |
| #9 | Robert W. Baird & Co. Incorporated | 008-00497 | 000008158 | LEI: 549300772UJAHRD6LO53 RSSD ID: N/A | WISCONSIN | UNITED STATES OF AMERICA | 11,070.00 |
| #10 | UBS AG | N/A | N/A | LEI: BFM8T61CT2L1QCEMIK50 RSSD ID: N/A | SWITZERLAND | 8,960.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 268,633.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 721,107.00 |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 301,186.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 41,145.00 |
| #4 | Deutsche Bank Securities Inc. | 008-17822 | 000002525 | LEI: 9J6MBOOO7BECTDTUZW19 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 41,145.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 329,476.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,194,867.00 |
| #7 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 26,431.00 |
| #8 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 229,428.00 |
| #9 | TD Securities Ltd. | N/A | N/A | LEI: PT3QB789TSUIDF371261 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 252,444.00 | |
| #10 | UBS AG | N/A | N/A | LEI: BFM8T61CT2L1QCEMIK50 RSSD ID: N/A | SWITZERLAND | 41,145.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 6,455,293.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 1,703,667,658.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 2 |
| a. Full Name of the Fund | T. Rowe Price Equity Income ETF |
| b. Series identication number, if any | S000067976 |
| c. LEI | 549300491KLLU051IS08 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Equity Income ETF | C000217972 | TEQI |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 3,118,458.00 |
| g. Provide the net income from securities lending activities | 20,867.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☒ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #2 | State Street Trust Company Canada | LEI: 549300L71XG2CTQ2V827 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 1,133.00 | |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,901.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 1,527.00 |
| #4 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,557.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,999.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 3,143.00 |
| #7 | Jane Street Execution Services, LLC | 008-69254 | 000167280 | LEI: 549300HXJLXCPDWAH070 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,868.00 |
| #8 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,107.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,153.00 |
| #10 | TD Securities Ltd. | N/A | N/A | LEI: PT3QB789TSUIDF371261 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 923.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 26,355.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 513,278.00 |
| #2 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 926,560.00 |
| #3 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 6,192,446.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 7,632,285.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 314,545,609.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Equity-common |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 3 |
| a. Full Name of the Fund | T. Rowe Price Dividend Growth ETF |
| b. Series identication number, if any | S000067975 |
| c. LEI | 549300KSTQCK8M5RT415 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Dividend Growth ETF | C000217971 | TDVG |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? | — | — | — | — | — |
|---|
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☐
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☐ vi. Other ☒ N/A |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | N/A |
| g. Provide the net income from securities lending activities | N/A |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☒ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 1,518.00 | |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 3,763.00 |
| #3 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,537.00 |
| #4 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,129.00 |
| #5 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,285.00 |
| #6 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,375.00 |
| #7 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,617.00 |
| #8 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,090.00 |
| #9 | Robert W. Baird & Co. Incorporated | 008-00497 | 000008158 | LEI: 549300772UJAHRD6LO53 RSSD ID: N/A | WISCONSIN | UNITED STATES OF AMERICA | 1,315.00 |
| #10 | TD Securities Ltd. | N/A | N/A | LEI: PT3QB789TSUIDF371261 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 1,322.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 35,309.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 935,758,410.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 4 |
| a. Full Name of the Fund | T. Rowe Price Blue Chip Growth ETF |
| b. Series identication number, if any | S000067974 |
| c. LEI | 549300BVE1V7N27YJU96 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Blue Chip Growth ETF | C000217970 | TCHP |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☒ Yes ☐ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? | — | — | — | — | — |
|---|
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☐
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☐ vi. Other ☒ N/A |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | N/A |
| g. Provide the net income from securities lending activities | N/A |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☒ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,106.00 |
| #2 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 1,195.00 | |
| #3 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,088.00 |
| #4 | CITADEL SECURITIES INSTITUTIONAL LLC | 008-69663 | 000281102 | LEI: 549300MLQ1S3715IUK04 RSSD ID: N/A | FLORIDA | UNITED STATES OF AMERICA | 1,063.00 |
| #5 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 1,878.00 |
| #6 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 944.00 |
| #7 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,204.00 |
| #8 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,360.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,977.00 |
| #10 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,684.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 21,911.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 33,048.00 |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 107,277.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 33,048.00 |
| #4 | Deutsche Bank Securities Inc. | 008-17822 | 000002525 | LEI: 9J6MBOOO7BECTDTUZW19 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 33,048.00 |
| #5 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 22,650.00 |
| #6 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 184,800.00 |
| #7 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 107,277.00 |
| #8 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 33,048.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 184,800.00 |
| #10 | UBS AG | N/A | N/A | LEI: BFM8T61CT2L1QCEMIK50 RSSD ID: N/A | SWITZERLAND | 33,048.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 1,029,529.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 1,350,771,313.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 5 |
| a. Full Name of the Fund | T. Rowe Price Growth Stock ETF |
| b. Series identication number, if any | S000067977 |
| c. LEI | 5493003JB5E3N41RI612 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Growth Stock ETF | C000217973 | TGRW |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☒ Yes ☐ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 19,331.00 |
| g. Provide the net income from securities lending activities | 113.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☐ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☒ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 2,209.00 | |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 3,576.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 2,385.00 |
| #4 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,885.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,983.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,441.00 |
| #7 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 4,246.00 |
| #8 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 5,437.00 |
| #9 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,781.00 |
| #10 | Robert W. Baird & Co. Incorporated | 008-00497 | 000008158 | LEI: 549300772UJAHRD6LO53 RSSD ID: N/A | WISCONSIN | UNITED STATES OF AMERICA | 1,811.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 35,322.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | Allen & Company LLC | 008-12123 | 000001042 | LEI: 549300RO3RYDN328JY68 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 21,040.00 |
| #2 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 283,747.00 |
| #3 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 89,664.00 |
| #4 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 17,728.00 |
| #5 | Deutsche Bank Securities Inc. | 008-17822 | 000002525 | LEI: 9J6MBOOO7BECTDTUZW19 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 17,728.00 |
| #6 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 240,224.00 |
| #7 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,984,893.00 |
| #8 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 17,728.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 152,158.00 |
| #10 | TD Securities Ltd. | N/A | N/A | LEI: PT3QB789TSUIDF371261 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 301,880.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 3,340,584.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 578,498,863.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Equity-common |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 6 |
| a. Full Name of the Fund | T. Rowe Price Capital Appreciation Equity ETF |
| b. Series identication number, if any | S000079834 |
| c. LEI | 254900NAQ4BORDZJ5A89 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Capital Appreciation Equity ETF | C000241222 | TCAF |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☒ Yes ☐ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? | — | — | — | — | — |
|---|
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? | — | — | — | — | — |
|---|
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☐
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☐ vi. Other ☒ N/A |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | N/A |
| g. Provide the net income from securities lending activities | N/A |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Management, Inc. | 801-121434 | 000314590 | LEI: 549300JB5MWIPVHMEH37 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #2 | UBS Switzerland AG | LEI: 549300WOIFUSNYH0FL22 RSSD ID: N/A | SWITZERLAND | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 23,873.00 |
| #2 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 4,977.00 | |
| #3 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 71,731.00 |
| #4 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 160,418.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 67,555.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 78,258.00 |
| #7 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 31,281.00 |
| #8 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 85,972.00 |
| #9 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 15,925.00 |
| #10 | TD Securities Ltd. | N/A | N/A | LEI: PT3QB789TSUIDF371261 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 33,991.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 598,505.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 369,922.00 |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,235,482.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 369,922.00 |
| #4 | Deutsche Bank Securities Inc. | 008-17822 | 000002525 | LEI: 9J6MBOOO7BECTDTUZW19 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 369,922.00 |
| #5 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 253,529.00 |
| #6 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,264,488.00 |
| #7 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,296,166.00 |
| #8 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 369,922.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,264,488.00 |
| #10 | UBS AG | N/A | N/A | LEI: BFM8T61CT2L1QCEMIK50 RSSD ID: N/A | SWITZERLAND | 369,922.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 12,217,577.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 4,780,085,657.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Equity-common |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 7 |
| a. Full Name of the Fund | T. Rowe Price Small-Mid Cap ETF |
| b. Series identication number, if any | S000079837 |
| c. LEI | 2549007E1MIRD0TWHQ40 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Small-Mid Cap ETF | C000241225 | TMSL |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 4,336,353.00 |
| g. Provide the net income from securities lending activities | 7,789.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 8,972.00 |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 6,012.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 16,766.00 |
| #4 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 9,149.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 8,096.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 6,473.00 |
| #7 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 38,849.00 |
| #8 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 40,520.00 |
| #9 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 9,971.00 |
| #10 | Virtu ITG Hong Kong Limited | N/A | N/A | LEI: 54930088A108K3K5M708 RSSD ID: N/A | HONG KONG | 13,123.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 188,938.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 371,785.00 | |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 619,280.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 677,824.00 |
| #4 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,145,859.00 |
| #5 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,050,166.00 |
| #6 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,185,608.00 |
| #7 | KEYBANC CAPITAL MARKETS INC. | 008-30177 | 000000566 | LEI: 2EQWV0180Z211YVAD813 RSSD ID: N/A | OHIO | UNITED STATES OF AMERICA | 264,269.00 |
| #8 | LEERINK PARTNERS LLC | 008-48535 | 000039011 | LEI: 549300AAH7U76CEUBI94 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | 364,524.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 874,311.00 |
| #10 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | NORTH CAROLINA | UNITED STATES OF AMERICA | 546,492.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 11,867,462.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 796,822,936.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 8 |
| a. Full Name of the Fund | T. Rowe Price Value ETF |
| b. Series identication number, if any | S000079838 |
| c. LEI | 254900FB582WEGSQA031 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Value ETF | C000241226 | TVAL |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 842,447.00 |
| g. Provide the net income from securities lending activities | 6,073.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | Euroclear Bank S.A./N.V. | LEI: 549300OZ46BRLZ8Y6F65 RSSD ID: N/A | BELGIUM | No | Yes | Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) | |
| #2 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #3 | State Street Trust Company Canada | LEI: 549300L71XG2CTQ2V827 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,859.00 |
| #2 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 5,016.00 |
| #3 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 3,449.00 |
| #4 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,225.00 |
| #5 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 7,435.00 |
| #6 | KEYBANC CAPITAL MARKETS INC. | 008-30177 | 000000566 | LEI: 2EQWV0180Z211YVAD813 RSSD ID: N/A | OHIO | UNITED STATES OF AMERICA | 1,851.00 |
| #7 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,359.00 |
| #8 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 3,736.00 |
| #9 | STIFEL NICOLAUS EUROPE LIMITED | N/A | N/A | LEI: 213800BVEFNZ8UYPKL03 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | 2,164.00 | |
| #10 | Virtu ITG Hong Kong Limited | N/A | N/A | LEI: 54930088A108K3K5M708 RSSD ID: N/A | HONG KONG | 1,454.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 39,438.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | APOLLO GLOBAL SECURITIES, LLC | N/A | N/A | LEI: 254900AMB2W6ZML1M368 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 658.00 |
| #2 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,474.00 |
| #3 | BLACKSTONE CAPITAL PARTNERS VIII L.P. | N/A | N/A | LEI: 984500FA2CF9E42C8525 RSSD ID: N/A | CALIFORNIA | UNITED STATES OF AMERICA | 658.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 6,180.00 |
| #5 | BROOKFIELD FINANCE LLC | N/A | N/A | LEI: 549300E643C5WZF8BL44 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 658.00 |
| #6 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 24,719.00 |
| #7 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 130,099.00 |
| #8 | KKR CAPITAL MARKETS LIMITED | N/A | N/A | LEI: 213800U4XPKX88KLZ921 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 658.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,474.00 |
| #10 | TD Securities Ltd. | N/A | N/A | LEI: PT3QB789TSUIDF371261 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 74,716.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 249,512.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 395,565,958.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 9 |
| a. Full Name of the Fund | T. Rowe Price Growth ETF |
| b. Series identication number, if any | S000079835 |
| c. LEI | 254900FZOQLOMTZRS328 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Growth ETF | C000241223 | TGRT |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☒ Yes ☐ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? | — | — | — | — | — |
|---|
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☐
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☐ vi. Other ☒ N/A |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | N/A |
| g. Provide the net income from securities lending activities | 552.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,074.00 |
| #2 | BMO Capital Markets Corp. | N/A | N/A | LEI: NQQ6HPCNCCU6TUTQYE16 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | 1,121.00 | |
| #3 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 1,617.00 |
| #4 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 3,874.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 867.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 6,738.00 |
| #7 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 5,789.00 |
| #8 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,669.00 |
| #9 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 2,567.00 |
| #10 | Virtu ITG Hong Kong Limited | N/A | N/A | LEI: 54930088A108K3K5M708 RSSD ID: N/A | HONG KONG | 1,211.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 32,066.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 17,886.00 |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 58,061.00 |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 17,886.00 |
| #4 | Deutsche Bank Securities Inc. | 008-17822 | 000002525 | LEI: 9J6MBOOO7BECTDTUZW19 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 17,886.00 |
| #5 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 12,259.00 |
| #6 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 100,018.00 |
| #7 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 58,061.00 |
| #8 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 17,886.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 100,018.00 |
| #10 | UBS AG | N/A | N/A | LEI: BFM8T61CT2L1QCEMIK50 RSSD ID: N/A | SWITZERLAND | 17,886.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 557,206.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 723,352,921.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 10 |
| a. Full Name of the Fund | T. Rowe Price Technology ETF |
| b. Series identication number, if any | S000086172 |
| c. LEI | 254900KVQDATNZX1IA52 |
| d. Is this the first filing on this form by the Fund? | ☐ Yes ☒ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Technology ETF | C000251574 | TTEQ |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 82,791.00 |
| g. Provide the net income from securities lending activities | 1,171.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | BNP Paribas | LEI: R0MUWSFPU8MPRO8K5P83 RSSD ID: N/A | FRANCE | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #2 | Deutsche Bank AG | LEI: 7LTWFZYICNSX8D621K86 RSSD ID: N/A | NETHERLANDS | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #3 | Mizuho Bank, Limited | LEI: RB0PEZSDGCO3JS6CEU02 RSSD ID: N/A | JAPAN | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #4 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #5 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #6 | The Hongkong and Shanghai Banking Corporation Limited | LEI: 2HI3YI5320L3RW6NJ957 RSSD ID: N/A | KOREA (THE REPUBLIC OF) | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #7 | The Hongkong and Shanghai Banking Corporation Limited | LEI: 2HI3YI5320L3RW6NJ957 RSSD ID: N/A | HONG KONG | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 913.00 |
| #2 | CLSA AMERICAS, LLC | 008-69166 | 000165533 | LEI: 213800M2DXATWY7JMS07 RSSD ID: N/A | HONG KONG | 167.00 | |
| #3 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 336.00 |
| #4 | EVERCORE GROUP L.L.C. | 008-49830 | 000042405 | LEI: 5493008F0LRLS5N8LZ81 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 220.00 |
| #5 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 534.00 |
| #6 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 193.00 |
| #7 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 308.00 |
| #8 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 203.00 |
| #9 | Virtu ITG Hong Kong Limited | N/A | N/A | LEI: 54930088A108K3K5M708 RSSD ID: N/A | HONG KONG | 159.00 | |
| #10 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | NORTH CAROLINA | UNITED STATES OF AMERICA | 287.00 |
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 4,241.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund |
|---|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 23,860.00 |
| #2 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 12,726.00 |
| #3 | CANACCORD GENUITY LLC | 008-03271 | 000001020 | LEI: WTX5X269IUOQ9YMI7R44 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 10,401.00 |
| #4 | Citigroup Inc. | N/A | N/A | LEI: 6SHGI4ZSSLCXXQSBB395 RSSD ID: N/A | DELAWARE | UNITED STATES OF AMERICA | 93,382.00 |
| #5 | Deutsche Bank Securities Inc. | 008-17822 | 000002525 | LEI: 9J6MBOOO7BECTDTUZW19 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 23,732.00 |
| #6 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 108,519.00 |
| #7 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 164,850.00 |
| #8 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 59,032.00 |
| #9 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 31,551.00 |
| #10 | OPPENHEIMER & CO. INC. | 008-4077 | 000000249 | LEI: 254900VH02JQR2L8XD64 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | 9,712.00 |
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 613,228.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☐ Yes ☒ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 49,865,779.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 11 |
| a. Full Name of the Fund | T. Rowe Price Capital Appreciation Premium Income ETF |
| b. Series identication number, if any | S000089785 |
| c. LEI | 254900YH6HK1U9EACO50 |
| d. Is this the first filing on this form by the Fund? | ☒ Yes ☐ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Capital Appreciation Premium Income ETF | C000256565 | TCAL |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? | — | — | — | — | — |
|---|
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? | — | — | — | — | — |
|---|
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☐
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☐ vi. Other ☒ N/A |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | N/A |
| g. Provide the net income from securities lending activities | N/A |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☐
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Management, Inc. | 801-121434 | 000314590 | LEI: 549300JB5MWIPVHMEH37 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 0.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 105,451,625.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Derivative-equity |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 12 |
| a. Full Name of the Fund | T. Rowe Price Hedged Equity ETF |
| b. Series identication number, if any | S000089786 |
| c. LEI | 25490034KDBSU0CDUM67 |
| d. Is this the first filing on this form by the Fund? | ☒ Yes ☐ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Hedged Equity ETF | C000256566 | THEQ |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 51,056.00 |
| g. Provide the net income from securities lending activities | 4,649.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☒ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☐
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 0.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 20,777,870.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 13 |
| a. Full Name of the Fund | T. Rowe Price Health Care ETF |
| b. Series identication number, if any | S000092023 |
| c. LEI | 254900CNTFK0LMKYHJ19 |
| d. Is this the first filing on this form by the Fund? | ☒ Yes ☐ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Health Care ETF | C000259933 | TMED |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 50,222.00 |
| g. Provide the net income from securities lending activities | 217.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☒ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Management, Inc. | 801-121434 | 000314590 | LEI: 549300JB5MWIPVHMEH37 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | Clearstream Europe AG | LEI: 549300298FD7AS4PPU70 RSSD ID: N/A | GERMANY | No | Yes | Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) | |
| #2 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #3 | UBS Switzerland AG | LEI: 549300WOIFUSNYH0FL22 RSSD ID: N/A | SWITZERLAND | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 0.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 13,001,046.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Equity-common |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 14 |
| a. Full Name of the Fund | T. Rowe Price Natural Resources ETF |
| b. Series identication number, if any | S000092025 |
| c. LEI | 254900CWV5QCE6WBCD81 |
| d. Is this the first filing on this form by the Fund? | ☒ Yes ☐ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Natural Resources ETF | C000259935 | TURF |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 27,259.00 |
| g. Provide the net income from securities lending activities | 14.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Australia Limited | 801-112672 | 000290594 | LEI: 5493003T9X7RJNNM2N04 RSSD ID: N/A | AUSTRALIA | Yes | No | |
| #2 | T. Rowe Price International Ltd | 801-61894 | 000126032 | LEI: FAJ59K74IZRGQOSHUS25 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | Yes | No |
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | BNP Paribas | LEI: R0MUWSFPU8MPRO8K5P83 RSSD ID: N/A | FRANCE | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #2 | Citibank Europe plc, Dublin, Ireland | LEI: N1FBEDJ5J41VKZLO2475 RSSD ID: N/A | PORTUGAL | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #3 | Clearstream Europe AG | LEI: 549300298FD7AS4PPU70 RSSD ID: N/A | GERMANY | No | Yes | Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) | |
| #4 | Deutsche Bank (Malaysia) Berhad | LEI: 529900DLWFR8HK7DR278 RSSD ID: N/A | MALAYSIA | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #5 | Deutsche Bank AG | LEI: 7LTWFZYICNSX8D621K86 RSSD ID: N/A | FRANCE | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #6 | Skandinaviska Enskilda Banken AB (publ) | LEI: F3JS33DEI6XQ4ZBPTN86 RSSD ID: N/A | NORWAY | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #7 | Skandinaviska Enskilda Banken AB (publ), Sweden | LEI: F3JS33DEI6XQ4ZBPTN86 RSSD ID: N/A | FINLAND | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #8 | Standard Chartered Bank | LEI: RILFO74KP1CM8P6PCT96 RSSD ID: N/A | SOUTH AFRICA | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #9 | Standard Chartered Bank (Hong Kong) Limited | LEI: X5AV1MBDXGRPX5UGMX13 RSSD ID: N/A | HONG KONG | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #10 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #11 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #12 | State Street Trust Company Canada | LEI: 549300L71XG2CTQ2V827 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #13 | The Hongkong and Shanghai Banking Corporation Limited | LEI: 2HI3YI5320L3RW6NJ957 RSSD ID: N/A | AUSTRALIA | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) | |
| #14 | The Hongkong and Shanghai Banking Corporation Limited | LEI: 2HI3YI5320L3RW6NJ957 RSSD ID: N/A | HONG KONG | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 0.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☐ Yes ☒ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 12,299,921.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 15 |
| a. Full Name of the Fund | T. Rowe Price Financials ETF |
| b. Series identication number, if any | S000092021 |
| c. LEI | 254900XY0Z2IDV06WD97 |
| d. Is this the first filing on this form by the Fund? | ☒ Yes ☐ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Financials ETF | C000259931 | TFNS |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☒ Yes ☐ No |
| i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that: |
| 1. The Fund (or its securities lending agent) liquidated collateral pledged to secure the loaned securities? | ☐ Yes ☒ No |
| 2. The Fund was otherwise adversely impacted? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? |
|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | No | Yes |
| If the entity providing the indemnification is not the securities lending agent, provide the following information: | ||||
| Idemnity Providers Record | Name of person providing indemnification | Identifying number(s) | ||
| #1 | N/A | LEI: N/A RSSD ID: N/A | ||
| Did the Fund exercise its indemnification rights during the reporting period? | ☐ Yes ☒ No | |||
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? |
|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | No | Yes |
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☒
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☒ vi. Other ☐ N/A |
| If other, describe: | Rebate |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | 3,763.00 |
| g. Provide the net income from securities lending activities | 4.00 |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☒ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? | — | — | — | — | — | — | — | — | — |
|---|
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| #2 | State Street Trust Company Canada | LEI: 549300L71XG2CTQ2V827 RSSD ID: N/A | CANADA (FEDERAL LEVEL) | No | Yes | Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 0.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☒ Yes ☐ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 10,812,595.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Short-term investment vehicle |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Management Investment Record: 16 |
| a. Full Name of the Fund | T. Rowe Price Active Core U.S. Equity ETF |
| b. Series identication number, if any | S000095884 |
| c. LEI | 2549002IV484WYH6ME69 |
| d. Is this the first filing on this form by the Fund? | ☒ Yes ☐ No |
| a. How many Classes of shares of the Fund (if any) are authorized? | 0 |
| b. How many new Classes of shares of the Fund were added during the reporting period? | 0 |
| c. How many Classes of shares of the Fund were terminated during the reporting period? | 0 |
| d. For each Class with shares outstanding, provide the information requested below: |
| Shares Outstanding Record | Full name of Class | Class identification number, if any | Ticker symbol, if any |
|---|---|---|---|
| #1 | T. Rowe Price Active Core U.S. Equity ETF | C000264666 | TACU |
| Instructions: 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy. |
| a. Indicate if the Fund is any one of the types listed. Check all that apply. |
a. Exchange-Traded Fund or Exchange-Traded Managed Fund or
offers a Class that itself is an Exchange-Traded Fund or
Exchange-Traded Managed Fund
☒ i. Exchange-Traded Fund ☐ ii. Exchange-Traded Managed Fund ☐ b. Index Fund ☐ c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark ☐ d. Interval Fund ☐ e. Fund of Funds ☐ f. Master-Feeder Fund ☐ g. Money Market Fund ☐ h. Target Date Fund ☐ i. Underlying fund to a variable annuity or variable life insurance contract ☐ N/A |
| a. Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? | ☐ Yes ☒ No |
| Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957]. |
| a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? | ☐ Yes ☒ No |
| Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer. |
| a. Is the Fund authorized to engage in securities lending transactions? | ☒ Yes ☐ No |
| b. Did the Fund lend any of its securities during the reporting period? | ☐ Yes ☒ No |
| c. Provide the information requested below about each securities lending agent, if any, retained by the Fund: |
| Securities Lending Record | Full name of securities lending agent | Identifying number(s) | Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund? | Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent? | — | — | — | — | — |
|---|
| d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager: |
| Collateral Managers Record | Full name of cash collateral manager | Identifying number(s) | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund? | Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund? | — | — | — | — | — |
|---|
| e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply): | ☐
i. Revenue sharing split
☐ ii. Non-revenue sharing split (other than administrative fee) ☐ iii. Administrative fee ☐ iv. Cash collateral reinvestment fee ☐ v. Indemnification fee ☐ vi. Other ☒ N/A |
| f. Provide the monthly average of the value of portfolio securities on loan during the reporting period | N/A |
| g. Provide the net income from securities lending activities | N/A |
| a. Did the Fund rely on the following statutory exemption or any of the rules under the Act during the reporting period? (check all that apply) | ☐
a. Rule 10f-3 (17 CFR 270.10f-3)
☐ b. Rule 12d1-1 (17 CFR 270.12d1-1) ☐ c. Rule 15a-4 (17 CFR 270.15a-4) ☐ d. Rule 17a-6 (17 CFR 270.17a-6) ☐ e. Rule 17a-7 (17 CFR 270.17a-7) ☐ f. Rule 17a-8 (17 CFR 270.17a-8) ☐ g. Rule 17e-1 (17 CFR 270.17e-1) ☐ h. Rule 22d-1 (17 CFR 270.22d-1) ☐ i. Rule 23c-1 (17 CFR 270.23c-1) ☒ j. Rule 32a-4 (17 CFR 270.32a-4) ☒ k. Rule 6c-11 (17 CFR 270.6c-11) ☐ l. Rule 12d1-4 (17 CFR 270.12d1-4) ☐ m. Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) ☒ n. Rule 18f-4 (17 CFR 270.18f-4) ☒
i. Is the Fund excepted from the rule 18f-4 (17 CFR 270.18f-4)
program requirement and limit on fund leverage risk under
rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))?
☐
N/A
☐ ii. Is the Fund a leveraged/inverse fund that, under rule 18f-4(c)(5) (17 CFR 270.18f-4(c)(5)), is excepted from the requirement to comply with the limit on fund leverage risk described in rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))? ☐ iii. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))? ☐ iv. Did the Fund enter into any reverse repurchase agreements or similar financing transactions under rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))? ☐ v. Did the Fund enter into any unfunded commitment agreements under rule 18f-4(e) (17 CFR 270.18f-4(e))? ☐ vi. Did the Fund invest in a security on a when-issued or forward-settling basis, or with a non-standard settlement cycle, in reliance on rule 18f-4(f) (17 CFR 270.18f-4(f))? |
| Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. |
| a. Did the Fund have an expense limitation arrangement in place during the reporting period? | ☐ Yes ☒ No |
| b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period? | ☐ Yes ☒ No |
| c. Are the fees waived subject to recoupment? | ☐ Yes ☒ No |
| d. Were any expenses previously waived recouped during the period? | ☐ Yes ☒ No |
| a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund: |
| Investment Advisers Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Was the investment adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | 801-00856 | 000105496 | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | No |
| b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser: |
| Investment Advisers Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| c. For each sub-adviser to the Fund, provide the information requested: |
| Sub-Advisors Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the sub-adviser an affiliated person of the Fund's investment adviser(s)? | Was the sub-adviser hired during the reporting period? |
|---|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price International Ltd | 801-61894 | 000126032 | LEI: FAJ59K74IZRGQOSHUS25 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | Yes | No |
| d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser: |
| Sub-Advisors Terminated Record | Full name |
SEC file number ( e.g., 801- ) | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Termination date | — | — | — | — | — | — | — | — |
|---|
| a. Provide the following information about each person providing transfer agency services to the Fund: |
| Transfer Agents Record | Full name |
SEC file number ( e.g., 801- ) | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the transfer agent an affiliated person of the Fund or its investment adviser(s)? | Is the transfer agent a sub-transfer agent? |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | 085-05003 | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a transfer agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided pricing services to the Fund during the reporting period: |
| Pricing Services Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the pricing service an affiliated person of the Fund or its investment adviser(s)? |
|---|---|---|---|---|---|
| #1 | Bloomberg Finance L.P. | LEI: 5493001KJTIIGC8Y1R12 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #2 | ICE Data Services, Inc. | RSSD ID: N/A Other: 13-3668779 (Tax ID Number) | NEW YORK | UNITED STATES OF AMERICA | No |
| #3 | London Stock Exchange Group PLC | LEI: 213800QAUUUP6I445N30 RSSD ID: N/A | UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND | No | |
| #4 | Pricing Direct, Inc. | LEI: 549300WIC0TOJ7N7GD54 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| #5 | S&P Global Inc. | LEI: Y6X4K52KMJMZE7I7MY94 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No |
| b. Was a pricing service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each person that provided custodial services to the Fund during the reporting period: |
| Custodians Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the custodian an affiliated person of the Fund or its investment adviser(s)? | Is the custodian a sub-custodian? |
Type of custody (describe if "Other") |
|---|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No | Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) |
| b. Has a custodian been hired or terminated during the reporting period?* | ☐ Yes ☒ No |
| a. Provide the following information about each shareholder servicing agent of the Fund: |
| Shareholder Servicing Agents Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)? | Is the shareholder servicing agent a sub-shareholder servicing agent? |
|---|---|---|---|---|---|---|
| #1 | State Street Bank and Trust Company | LEI: 571474TGEMMWANRLN572 RSSD ID: N/A | MASSACHUSETTS | UNITED STATES OF AMERICA | No | No |
| b. Has a shareholder servicing agent been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each administrator of the Fund: |
| Administrators Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the administrator an affiliated person of the Fund or its investment adviser(s)? | Is the administrator a sub-administrator? |
|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Associates, Inc. | LEI: 7HTL8AEQSEDX602FBU63 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | Yes | No |
| b. Has a third-party administrator been hired or terminated during the reporting period? | ☐ Yes ☒ No |
| a. Provide the following information about each affiliated broker-dealer: |
| Broker-Dealers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total commissions paid to the affiliated broker-dealer for the reporting period |
|---|---|---|---|---|---|---|---|
| #1 | T. Rowe Price Investment Services, Inc. | 008-25130 | 000008348 | LEI: 2549005UDTFL5JLUI691 RSSD ID: N/A | MARYLAND | UNITED STATES OF AMERICA | 0.00 |
| Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers. |
| a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below: |
| Brokers Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Gross commissions paid by the Fund for the reporting period | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate brokerage commissions paid by Fund during the reporting period: | 0.00 |
| a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below: |
| Principal Transactions Record | Full name | SEC file number | CRD number | Identifying number(s) | State, if applicable | Foreign country, if applicable | Total value of purchases and sales (excluding maturing securities) with Fund | — | — | — | — | — | — | — | — |
|---|
| b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: | 0.00 |
| a. During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? | ☐ Yes ☒ No |
| a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period | 10,292,575.00 |
| b. Provide the money market fund's daily average net assets during the reporting period |
| For open-end management investment companies, respond to the following: |
| a. Does the Fund have available a line of credit? | ☐ Yes ☒ No |
| b. Did the Fund engage in interfund lending? | ☐ Yes ☒ No |
| c. Did the Fund engage in interfund borrowing? | ☐ Yes ☒ No |
| For open-end management investment companies subject to rule 22e-4 (17 CFR 270.22e-4), respond to the following: |
| a. Provide the following information about each person that provided liquidity classification services to the Fund during the reporting period: |
| Liquidity Classification Record | Full name | Identifying number(s) | State, if applicable | Foreign country, if applicable | Is the liquidity classification service an affiliated person of the Fund or its investment adviser(s)? | Asset class(es) for which liquidity classification services were provided to the Fund |
|---|---|---|---|---|---|---|
| #1 | MSCI Inc. | LEI: 549300HTIN2PD78UB763 RSSD ID: N/A | NEW YORK | UNITED STATES OF AMERICA | No | Equity-common |
| b. Was a liquidity classification service hired or terminated during the reporting period? | ☐ Yes ☒ No |
| Exchange Record: 1 |
| Fund Name | T. Rowe Price U.S. Equity Research ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TSPA |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 64,194,985.02 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 349,795,615.18 | 49,264,107.72 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 37,773,659.18 | 633,297.80 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 28,451,915.87 | 9,744,952.10 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 2,497,024.48 | 1,011,066.60 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 17,415,853.18 | 4,127,102.72 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 18,430,983.91 | 55,490,931.02 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 319,402,185.92 | 3,112,404.90 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 72,738,310.66 | 5,099,729.36 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 5,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 5.4757509999999995
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 12.539999999999998
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 94.52424899999999
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 12.539999999999998
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 8.339985999999999
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 12.33
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 91.660014
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 12.33
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 2 |
| Fund Name | T. Rowe Price Equity Income ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TEQI |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 24,610,436.21 | 33,477,425.81 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 2,298,436.65 | 2,461,944.49 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 21,247,118.51 | 10,632,854.80 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 3,875,823.45 | 3,856,005.63 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 420,102.98 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 434,925.60 | 1,728,806.36 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 8,904,993.38 | 8,860,181.86 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 1,035,265.86 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 75,419,568.50 | 6,464,910.85 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 5,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 19.700710000000002
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 37.63
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 80.29929
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 37.63
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 2.06025
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 1.24
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 97.93975
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 1.24
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 148.809524 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 148.780488 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 3 |
| Fund Name | T. Rowe Price Dividend Growth ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TDVG |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 64,613,430.44 | 3,330,108.10 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 119,958,843.03 | 9,190,451.28 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 0.00 | 0.00 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 0.00 | 14,041,960.06 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 8,238,693.40 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 37,250,164.84 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 86,785,676.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 36,554,220.78 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 5,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 1.206285
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 0.42
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 98.793715
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.42
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 1.10974
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.32
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 98.89026
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.32
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 4 |
| Fund Name | T. Rowe Price Blue Chip Growth ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TCHP |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 143,689,472.59 | 63,545,331.71 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 71,701,265.54 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 0.00 | 0.00 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 27,118,302.48 | 31,341,284.84 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 4,655,293.68 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 733,616.84 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 4,675,734.80 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 151,984,520.93 | 10,561,736.13 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 185,087,214.68 | 10,731,134.41 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 5,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 4.417066
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 9.519999999999999
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 95.582934
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 9.519999999999999
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 3.037009
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 3.11
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 96.962991
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 3.11
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 5 |
| Fund Name | T. Rowe Price Growth Stock ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TGRW |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 623,158.73 | 804,901.00 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 1,419,082.84 | 872,393.37 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 0.00 | 9,946,258.08 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 501,624,685.38 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 0.00 | 443,226.57 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 32,933,674.17 | 4,213,537.49 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 824,721.62 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 5,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 3.028118
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 1.71
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 96.971882
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 1.71
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 1.920961
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 1.9299999999999998
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 98.07903899999999
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 1.9299999999999998
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 6 |
| Fund Name | T. Rowe Price Capital Appreciation Equity ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TCAF |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 442,972,691.25 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 1,281,926,810.55 | 574,666,123.10 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 190,352,193.65 | 90,691,468.70 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 432,727,834.75 | 409,302,546.10 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 618,478,238.20 | 532,704,130.05 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 846,606,980.05 | 816,493,953.35 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 129,676,541.70 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 254,456,692.50 | 258,620,080.90 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 880,873,875.45 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 177,036,010.25 | 28,383,111.30 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 3.767889
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 15.130000000000002
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 96.232111
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 15.130000000000002
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 0.926398
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.98
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 99.07360199999999
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.98
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 7 |
| Fund Name | T. Rowe Price Small-Mid Cap ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TMSL |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 127,873,649.50 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 171,205,127.35 | 53,158,536.65 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 165,737,992.00 | 7,137,731.10 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 30,681,565.10 | 95,618,186.05 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 39,003,241.95 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 17,766,531.50 | 3,515,122.10 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 8,204,534.50 | 8,548,948.50 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 209,784,879.40 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 95,069,486.30 | 6,283,921.50 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 2.1901649999999998
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 12.960000000000002
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 97.80983500000001
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 12.960000000000002
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 0.308226
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.77
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 99.691774
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.77
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.000043
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00657
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.000016
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.001521
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 8 |
| Fund Name | T. Rowe Price Value ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TVAL |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 277,923,157.60 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 83,319,815.30 | 24,940,342.55 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 0.00 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 19,360,849.80 | 87,548,033.95 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 50,236,482.85 | 30,049,902.45 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 1,668,105.85 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 5,246,696.75 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 12,608,650.45 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 51,448,434.90 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 2.291861
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 13.96
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 97.708139
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 13.96
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 0.042947
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.46
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 99.95705300000001
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.46
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.000001
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.000303
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 9 |
| Fund Name | T. Rowe Price Growth ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TGRT |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 242,955,178.40 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 22,583,177.30 | 13,619,500.90 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 69,776,737.60 | 9,091,782.25 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 19,723,555.00 | 100,790,217.95 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 28,685,005.85 | 3,881,333.80 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 6,618,310.55 | 2,173,974.95 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 8,785,913.15 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 86,508,975.90 | 10,157,510.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 2.3304309999999998
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 14.17
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 97.669569
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 14.17
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 0.08935700000000001
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.58
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 99.91064299999999
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.58
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 150.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 10 |
| Fund Name | T. Rowe Price Technology ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NASDAQ - ALL MARKETS | TTEQ |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 682,107.80 | 697,869.23 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 0.00 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 627,297.35 | 621,055.70 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 808,291.40 | 814,795.08 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 17,491,619.02 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 15,353,381.21 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 6,268,798.68 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 29,262,783.38 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 5,530,212.60 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 25,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 11.231331000000001
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 26.58
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 88.768669
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 26.58
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 7.554701
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 7.90
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 92.445299
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 7.90
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 500.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.0021220000000000004
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 500.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.054705
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | N/A |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | N/A |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 11 |
| Fund Name | T. Rowe Price Capital Appreciation Premium Income ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TCAL |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 93,739,832.70 | 0.00 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 0.00 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 25,000,000.00 | 0.00 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 43,442,942.40 | 2,495,529.10 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 55,557,760.20 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 3,632,801.80 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 1.583441
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 11.86
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 98.416559
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 11.86
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 0.415134
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.00
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 99.584866
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.00
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.018857
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 20.917537
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.02
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 4.817766
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 12 |
| Fund Name | T. Rowe Price Hedged Equity ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | THEQ |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 620,868.33 | 681,953.23 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 0.00 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 24,908,968.30 | 0.00 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 671,292.48 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 1,399,062.20 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 5,272,940.83 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 25,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 18.741918
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 28.73
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 81.258082
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 28.73
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 8.291777
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.00
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 91.708223
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.00
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 250.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 13 |
| Fund Name | T. Rowe Price Health Care ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NASDAQ - ALL MARKETS | TMED |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 2,619,649.10 | 1,398,340.70 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 2,632,805.40 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 14,393,963.85 | 4,438,236.40 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 0.00 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 0.00 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 1,421,600.05 | 1,430,826.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 0.00 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 22.017082
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 39.020000000000005
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 77.982918
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 39.020000000000005
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 7.637419000000001
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 6.40
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 92.36258100000001
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 6.40
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00006
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.004306
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 14 |
| Fund Name | T. Rowe Price Natural Resources ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NASDAQ - ALL MARKETS | TURF |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 1,250,000.00 | 0.00 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 0.00 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 10,160,703.30 | 1,395,361.10 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 0.00 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 1,453,985.30 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 2,709,975.60 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 0.00 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 61.861815
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 46.71
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 38.138185
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 46.71
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 5.850725
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.00
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 94.149275
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.00
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 350.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.000323
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 350.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.006997
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | N/A |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | N/A |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 15 |
| Fund Name | T. Rowe Price Financials ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NASDAQ - ALL MARKETS | TFNS |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 2,567,468.85 | 2,592,688.60 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 2,600,371.25 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 8,750,000.00 | 0.00 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 0.00 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 0.00 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 0.00 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 50,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 47.06646
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 43.22
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 52.93354
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 43.22
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 20.601148
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 8.57
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 79.39885200000001
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 8.57
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.0018109999999999998
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.015228
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.002029
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 200.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.016858000000000002
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| Exchange Record: 16 |
| Fund Name | T. Rowe Price Active Core U.S. Equity ETF |
| Security Exchange Record | Provide the name of the national securities exchange on which the Fund’s shares are listed | Provide the Fund's ticker symbol |
|---|---|---|
| #1 | NYSE ARCA | TACU |
| Instructions. The term "authorized participant" means a broker-dealer that is also a member of a clearing agency registered with the Commission, and which has a written agreement with the Exchange-Traded Fund or Exchange-Traded Managed Fund or one of its designated service providers that allows it place orders to purchase or redeem creation units of the Exchange-Traded Fund or Exchange-Traded Managed Fund. |
| a. For each authorized participant of the Fund, provide the following information: |
| Authorized Participants Record | Full Name | SEC file number | CRD number | Identifying number(s) | The dollar value of the Fund shares the authorized participant purchased from the Fund during the reporting period | The dollar value of the Fund shares the authorized participant redeemed during the reporting period |
|---|---|---|---|---|---|---|
| #1 | BARCLAYS CAPITAL INC. | 008-41342 | 000019714 | LEI: AC28XWWI3WIBK2824319 RSSD ID: N/A | 0.00 | 0.00 |
| #2 | BNP Paribas Securities Corp | 008-32682 | 000015794 | LEI: RCNB6OTYUAMMP879YW96 RSSD ID: N/A | 0.00 | 0.00 |
| #3 | BNY MELLON CAPITAL MARKETS, LLC | 008-35255 | 000017454 | LEI: VJW2DOOHGDT6PR0ZRO63 RSSD ID: N/A | 0.00 | 0.00 |
| #4 | BOFA SECURITIES, INC. | 008-69787 | 000283942 | LEI: 549300HN4UKV1E2R3U73 RSSD ID: N/A | 0.00 | 0.00 |
| #5 | CANTOR FITZGERALD & CO. | 008-00201 | 000000134 | LEI: 5493004J7H4GCPG6OB62 RSSD ID: N/A | 0.00 | 0.00 |
| #6 | Citadel Securities LLC | 008-53574 | 000116797 | LEI: 12UUJYTN7D3SW8KCSG25 RSSD ID: N/A | 0.00 | 0.00 |
| #7 | Citigroup Global Markets Inc | 008-8177 | 000007059 | LEI: MBNUM2BPBDO7JBLYG310 RSSD ID: N/A | 10,000,000.00 | 0.00 |
| #8 | GOLDMAN SACHS & CO. LLC | 008-00129 | 000000361 | LEI: FOR8UP27PHTHYVLBNG30 RSSD ID: N/A | 626,535.53 | 0.00 |
| #9 | J.P. MORGAN SECURITIES LLC | 008-35008 | 000000079 | LEI: ZBUT11V806EZRVTWT807 RSSD ID: N/A | 0.00 | 0.00 |
| #10 | JEFFERIES LLC | 008-15074 | 000002347 | LEI: 58PU97L1C0WSRCWADL48 RSSD ID: N/A | 0.00 | 0.00 |
| #11 | Jane Street Capital, LLC | 008-52275 | 000103782 | LEI: 549300ZM16HMPEPNV857 RSSD ID: N/A | 0.00 | 0.00 |
| #12 | MIZUHO SECURITIES USA LLC | 008-37710 | 000019647 | LEI: 7TK5RJIZDFROZCA6XF66 RSSD ID: N/A | 0.00 | 0.00 |
| #13 | MORGAN STANLEY & CO. LLC | 008-15869 | 000008209 | LEI: 9R7GPTSO7KV3UQJZQ078 RSSD ID: N/A | 0.00 | 0.00 |
| #14 | Macquarie Capital (USA) Inc. | 008-47198 | 000036368 | LEI: 549300670K07JRB5UQ40 RSSD ID: N/A | 0.00 | 0.00 |
| #15 | Mirae Asset Securities (USA) Inc. | 008-45034 | 000030679 | LEI: 25490087B4GFZLJZE912 RSSD ID: N/A | 0.00 | 0.00 |
| #16 | RBC Capital Markets, LLC | 008-45411 | 000031194 | LEI: 549300LCO2FLSSVFFR64 RSSD ID: N/A | 0.00 | 0.00 |
| #17 | UBS Securities LLC | 008-22651 | 000007654 | LEI: T6FIZBDPKLYJKFCRVK44 RSSD ID: N/A | 0.00 | 0.00 |
| #18 | VIRTU AMERICAS LLC | 008-68193 | 000149823 | LEI: 549300RA02N3BNSWBV74 RSSD ID: N/A | 0.00 | 0.00 |
| #19 | WELLS FARGO SECURITIES, LLC | 008-65876 | 000126292 | LEI: VYVVCKR63DVZZN70PB21 RSSD ID: N/A | 0.00 | 0.00 |
| b. Did the Fund require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period? | ☐ Yes ☒ No |
| Instructions. The term “creation unit” means a specified number of Exchange-Traded Fund or Exchange-Traded Managed Fund shares that the fund will issue to (or redeem from) an authorized participant in exchange for the deposit (or delivery) of specified securities, positions, cash, and other assets or positions. |
| a. Number of Fund shares required to form a creation unit as of the last business day of the reporting period: | |
| (for purchases) | 25,000.00 |
| (for redemptions, if different) |
| b. Based on the dollar value paid for each creation unit purchased by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 50.28685
%
|
| ii. The standard deviation of the percentage of value composed of cash: | 49.71
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 49.71315
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 49.71
%
|
| c. Based on the dollar value paid for creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average percentage of that value composed of cash: | 0.00
%
|
| ii. The standard deviation of the percentage of that value composed of cash: | 0.00
%
|
| iii. The average percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.00
%
|
| iv. The standard deviation of the percentage of that value composed of non-cash assets and other positions exchanged on an "in-kind" basis: | 0.00
%
|
| d. For creation units purchased by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 400.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | 0.00 |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | 400.00 |
| 3. A percentage of the value of each creation unit, if charged on that basis: | 0.00
%
|
| e. For creation units redeemed by authorized participants during the reporting period, provide: |
| i. The average transaction fee charged to an authorized participant for transacting in the creation units, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | N/A |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | N/A |
| 3. A percentage of the value of each creation unit, if charged on that basis: | N/A
%
|
| ii. The average transaction fee charged to an authorized participant for transacting in those creation units the consideration for which was fully or partially composed of cash, expressed as: |
| 1. Dollars per creation unit, if charged on that basis: | N/A |
| 2. Dollars for one or more creation units redeemed on the same day, if charged on that basis: | N/A |
| 3. A percentage of the value of each creation unit, if charged on that basis: | N/A
%
|
| a. Is the Fund an "In-Kind Exchange-Traded Fund" as defined in rule 22e-4 under the Act (17 CFR 270.22e-4)? | ☐ Yes ☒ No |
| a. Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below: | ☐
i. Legal proceedings
☐ ii. Provision of financial support ☒ iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only) ☐ iv. Change in accounting principles and practices ☐ v. Information required to be filed pursuant to exemptive orders ☐ vi. Other information required to be included as an attachment pursuant to Commission rules and regulations |
| Instructions. 1. Item G.1.a.i. Legal proceedings. (a) If the Registrant responded "YES" to Item B.11.a., provide a brief description of the proceedings. As part of the description, provide the case or docket number (if any), and the full names of the principal parties to the proceeding. (b) If the Registrant responded "YES" to Item B.11.b., identify the proceeding and give its date of termination. 2. Item G.1.a.ii. Provision of financial support. If the Registrant responded "YES" to Item B.14., provide the following information (unless the Registrant is a Money Market Fund): (a) Description of nature of support. (b) Person providing support. (c) Brief description of relationship between the person providing support and the Registrant. (d) Date support provided. (e) Amount of support. (f) Security supported (if applicable). Disclose the full name of the issuer, the title of the issue (including coupon or yield, if applicable) and at least two identifiers, if available (e.g., CIK, CUSIP, ISIN, LEI). (g) Value of security supported on date support was initiated (if applicable). (h) Brief description of reason for support. (i) Term of support. (j) Brief description of any contractual restrictions relating to support. 3. Item G.1.a.iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only). Each management investment company shall furnish a report of its independent public accountant on the company's system of internal accounting controls. The accountant's report shall be based on the review, study and evaluation of the accounting system, internal accounting controls, and procedures for safeguarding securities made during the audit of the financial statements for the reporting period. The report should disclose any material weaknesses in: (a) the accounting system; (b) system of internal accounting control; or (c) procedures for safeguarding securities which exist as of the end of the Registrant's fiscal year. The accountant's report shall be furnished as an exhibit to the form and shall: (1) be addressed to the Registrant's shareholders and board of directors; (2) be dated; (3) be signed manually; and (4) indicate the city and state where issued. Attachments that include a report that discloses a material weakness should include an indication by the Registrant of any corrective action taken or proposed. The fact that an accountant's report is attached to this form shall not be regarded as acknowledging any review of this form by the independent public accountant. 4. Item G.1.a.iv. Change in accounting principles and practices. If the Registrant responded "YES" to Item B.21, provide an attachment that describes the change in accounting principles or practices, or the change in the method of applying any such accounting principles or practices. State the date of the change and the reasons therefor. A letter from the Registrant's independent accountants, approving or otherwise commenting on the change, shall accompany the description. 5. Item G.1.a.v. Information required to be filed pursuant to exemptive orders. File as an attachment any information required to be reported on Form N-CEN or any predecessor form to Form N-CEN (e.g., Form N-SAR) pursuant to exemptive orders issued by the Commission and relied on by the Registrant. 6. Item G.1.a.vi. Other information required to be included as an attachment pursuant to Commission rules and regulations. File as an attachment any other information required to be included as an attachment pursuant to Commission rules and regulations. |
| Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
| Registrant | T. Rowe Price Exchange-Traded Funds, Inc. |
| Date | 2026-03-12 |
| Signature | Alan Dupski |
| Title | Treasurer & Vice President |
Report of Independent Registered Public Accounting Firm
To the Board of Directors of T. Rowe Price Exchange-Traded Funds, Inc. and Shareholders of T. Rowe Price Active Core U.S. Equity ETF, T. Rowe Price Blue Chip Growth ETF, T. Rowe Price Capital Appreciation Equity ETF, T. Rowe Price Capital Appreciation Premium Income ETF, T. Rowe Price Dividend Growth ETF, T. Rowe Price Equity Income ETF, T. Rowe Price Financials ETF, T. Rowe Price Health Care ETF, T. Rowe Price Hedged Equity ETF, T. Rowe Price Growth ETF, T. Rowe Price Growth Stock ETF, T. Rowe Price Natural Resources ETF, T. Rowe Price Small-Mid Cap ETF, T. Rowe Price Technology ETF, T. Rowe Price U.S. Equity Research ETF, and T. Rowe Price Value ETF
In planning and performing our audit of the financial statements of T. Rowe Price Blue Chip Growth ETF, T. Rowe Price Capital Appreciation Equity ETF, T. Rowe Price Dividend Growth ETF, T. Rowe Price Equity Income ETF, T. Rowe Price Growth ETF, T. Rowe Price Growth Stock ETF, T. Rowe Price Small-Mid Cap ETF, T. Rowe Price U.S. Equity Research ETF, T. Rowe Price Value ETF, and T. Rowe Price Technology ETF (ten of the funds constituting T. Rowe Price Exchange-Traded Funds, Inc., hereafter collectively referred to as the “Funds”) as of and for the year ended December 31, 2025, of T. Rowe Price Capital Appreciation Premium Income ETF and T. Rowe Price Hedged Equity ETF (two of the funds constituting T. Rowe Price Exchange-Traded Funds, Inc., hereafter collectively referred to as the “Funds”) for the period March 26, 2025 (Inception) through December 31, 2025, of T. Rowe Price Financials ETF, T. Rowe Price Natural Resources ETF, and T. Rowe Price Health Care ETF (three of the funds constituting T. Rowe Price Exchange-Traded Funds, Inc., hereafter collectively referred to as the “Funds”) for the period June 11, 2025 (Inception) through December 31, 2025, and of T. Rowe Price Active Core U.S. Equity ETF (one of the funds constituting T. Rowe Price Exchange-Traded Funds, Inc., hereafter collectively referred to as the “Funds”) for the period December 10, 2025 (Inception) through December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds’ internal control over financial reporting.
The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.
| www.pwc.com/us | PricewaterhouseCoopers
LLP 100 East Pratt Street, Suite 2600 Baltimore, Maryland 21202-1096 (410) 783 7600 |
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.
Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2025.
This report is intended solely for the information and use of the Board of Directors of T. Rowe Price Exchange-Traded Funds, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
/s/ PricewaterhouseCoopers LLP
Baltimore,
Maryland
February 18, 2026
2