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      <invstOrSec>
        <name>APPLE INC</name>
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      <invstOrSec>
        <name>APPLIED MATERIALS INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
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      <invstOrSec>
        <name>APPLOVIN CORP-CLASS A</name>
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      <invstOrSec>
        <name>ARGENX SE - ADR</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>ARISTA NETWORKS INC</name>
        <lei>635400H1WKBLOQERUU95</lei>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>ARM HOLDINGS PLC-ADR</name>
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        <name>ASCENDIS PHARMA A/S - ADR</name>
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        <assetCat>EC</assetCat>
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        <name>ASM INTERNATIONAL NV</name>
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        <name>ASML HOLDING NV NY</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
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        <assetCat>EC</assetCat>
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        <name>ASTRAZENECA PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
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        <assetCat>EC</assetCat>
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        <name>AUTOMATIC DATA PROCESSING</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AXON ENTERPRISE INC</name>
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          <isin value="US05464C1018"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>AXSOME THERAPEUTICS INC</name>
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        <assetCat>EC</assetCat>
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        <name>BAE SYSTEMS PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE SYSTEMS PLC COMMON STOCK GBP.025</title>
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        <name>BAKER HUGHES CO</name>
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        <name>BE SEMICONDUCTOR INDUSTRIES</name>
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        <name>BEAM THERAPEUTICS INC</name>
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        <name>BELITE BIO INC - ADR</name>
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        <name>BEONE MEDICINES LTD-ADR</name>
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        <name>BEONE MEDICINES LTD</name>
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        <name>BILL HOLDINGS INC</name>
        <lei>549300IBF9VZZIGOZW63</lei>
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        <name>BILLIONTOONE INC CL A</name>
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        <name>BIO-RAD LABORATORIES-A</name>
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        <name>BIOHAVEN LTD</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BLOCK INC</name>
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      <invstOrSec>
        <name>BRIDGEBIO PHARMA INC</name>
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        <name>BRIGHTSPRING HEALTH SERVICES</name>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <name>BROADCOM INC</name>
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        <name>CATERPILLAR INC</name>
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        <name>CBOE GLOBAL MARKETS INC</name>
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        <name>CCC INTELLIGENT SOLUTIONS HO</name>
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        <name>CELCUITY INC</name>
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        <name>CENTESSA PHARMACEUTICALS-ADR</name>
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        <name>CG ONCOLOGY INC</name>
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        <name>CHUBB LTD</name>
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        <name>CHUGAI PHARMACEUTICAL CO LTD</name>
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        <name>CIENA CORP</name>
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        <name>CISCO SYSTEMS INC</name>
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        <name>CME GROUP INC</name>
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      <invstOrSec>
        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORPAY INC</name>
        <lei>549300DG6RR0NQSFLN74</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORVUS PHARMACEUTICALS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CRINETICS PHARMACEUTICALS IN</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CROWDSTRIKE HOLDINGS INC - A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CVS HEALTH CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CYTOKINETICS INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>DAIICHI SANKYO CO LTD</name>
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        <name>DANAHER CORP</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <name>DATADOG INC - CLASS A</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>DEUTSCHE BOERSE AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
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        <name>DIANTHUS THERAPEUTICS INC</name>
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        <curCd>USD</curCd>
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        <name>DISC MEDICINE INC</name>
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        <name>DLOCAL LTD</name>
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        <name>DOORDASH INC - A</name>
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        <name>EISAI CO LTD</name>
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        <name>ERASCA INC</name>
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        <name>EURONEXT NV</name>
        <lei>724500QJ4QSZ3H9QU415</lei>
        <title>EURONEXT NV COMMON STOCK EUR1.6</title>
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        <name>EXPERIAN PLC</name>
        <lei>635400RXXHHYT1JTSZ26</lei>
        <title>EXPERIAN PLC COMMON STOCK USD.1</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FAIR ISAAC CORP</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
        <title>FAIR ISAAC CORP COMMON STOCK USD.01</title>
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        <name>FIRST ADVANTAGE CORP</name>
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        <name>FISERV INC</name>
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        <name>GLOBAL-E ONLINE LTD</name>
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        <name>KESTRA MEDICAL TECHNOLOGIES</name>
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        <name>KIOXIA HOLDINGS CORP</name>
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        <name>KLARNA GROUP PLC</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MITSUBISHI HEAVY INDUSTRIES</name>
        <lei>353800TJ98PCAZROVE69</lei>
        <title>MITSUBISHI HEAVY INDUSTRIES COMMON STOCK</title>
        <cusip>606793982</cusip>
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          <isin value="JP3900000005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MITSUBISHI UFJ FINANCIAL GRO</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK</title>
        <cusip>6070JP994</cusip>
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          <isin value="JP3902900004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MODERNA THERAPEUTICS INC</name>
        <lei>549300EI6OKH5K5Q2G38</lei>
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        <cusip>60770K107</cusip>
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          <isin value="US60770K1079"/>
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        <balance>147.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7467.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTE ROSA THERAPEUTICS INC</name>
        <lei>N/A</lei>
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        <cusip>61225M102</cusip>
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          <isin value="US61225M1027"/>
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        <balance>1294.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21286.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOODY S CORP</name>
        <lei>549300GCEDD8YCF5WU84</lei>
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        <cusip>615369105</cusip>
        <identifiers>
          <isin value="US6153691059"/>
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        <balance>57.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24866.250000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOONLAKE IMMUNOTHERAPEUTICS</name>
        <lei>N/A</lei>
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        <cusip>61559X104</cusip>
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          <isin value="KY61559X1045"/>
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        <balance>544.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10140.160000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATERA INC</name>
        <lei>529900CQ3OZ0A0VYVU59</lei>
        <title>NATERA INC COMMON STOCK</title>
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          <isin value="US6323071042"/>
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        <balance>265.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVAN INC-CL A</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>NESTE OYJ</name>
        <lei>5493009GY1X8GQ66AM14</lei>
        <title>NESTE OYJ COMMON STOCK</title>
        <cusip>FI06YV460</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NETFLIX INC</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC COMMON STOCK USD.001</title>
        <cusip>64110L106</cusip>
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        <balance>1582.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152109.300000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NINTENDO CO LTD</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
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          <isin value="JP3756600007"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NOVO NORDISK A/S-B</name>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVO-NORDISK A/S-SPONS ADR</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NOVONESIS (NOVOZYMES) B</name>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NU HOLDINGS LTD/CAYMAN ISL-A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NURIX THERAPEUTICS INC</name>
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        <name>NUVALENT INC-A</name>
        <lei>N/A</lei>
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        <name>NVIDIA CORP</name>
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        <name>OLEMA PHARMACEUTICALS INC</name>
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        <name>ORIC PHARMACEUTICALS INC</name>
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        <lei>KDTEY8BWE486IKZ3CC07</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PALO ALTO NETWORKS INC</name>
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      <invstOrSec>
        <name>PALVELLA THERAPEUTICS INC</name>
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      <invstOrSec>
        <name>PARKER HANNIFIN CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PAYLOCITY HOLDING CORP</name>
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      <invstOrSec>
        <name>PAYONEER GLOBAL INC</name>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS INC</name>
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        <assetCat>EC</assetCat>
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        <name>PHARVARIS NV</name>
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        <name>PHILIP MORRIS INTERNATIONAL</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <name>PRAXIS PRECISION MEDICINES I</name>
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        <name>PROCTER &amp; GAMBLE CO/THE</name>
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        <assetCat>EC</assetCat>
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        <name>PROTAGONIST THERAPEUTICS INC</name>
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        <name>RAPPORT THERAPEUTICS INC</name>
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        <name>REGENERON PHARMACEUTICALS</name>
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        <name>RELAY THERAPEUTICS INC</name>
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        <name>RENESAS ELECTRONICS CORP</name>
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        <name>REVOLUTION MEDICINES INC</name>
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        <name>ROBINHOOD MARKETS INC - A</name>
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        <name>ROCKET COS INC-CLASS A</name>
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        <name>ROIVANT SCIENCES LTD</name>
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        <name>ROLLS-ROYCE HOLDINGS PLC</name>
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        <title>ROLLS ROYCE HOLDINGS PLC COMMON STOCK GBP.2</title>
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        <name>ROYALTY PHARMA PLC- CL A</name>
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        <title>ROYALTY PHARMA PLC  CL A COMMON STOCK</title>
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        <name>S&amp;P GLOBAL INC</name>
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      <invstOrSec>
        <name>SAFRAN SA</name>
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      <invstOrSec>
        <name>SAMSARA INC-CL A</name>
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        <name>SAP SE SPONSORED ADR</name>
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        <name>SCHOLAR ROCK HOLDING CORP</name>
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        <name>SEA LTD ADR</name>
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        <name>SENSORION SA</name>
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        <name>SERVICENOW INC</name>
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        <name>SHIN-ETSU CHEMICAL CO LTD</name>
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        <name>SHOPIFY INC - CLASS A</name>
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        <name>SIEMENS HEALTHINEERS AG</name>
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        <assetCat>EC</assetCat>
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        <name>SIONNA THERAPEUTICS INC</name>
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        <name>SK HYNIX INC</name>
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        <name>SNOWFLAKE INC</name>
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        <name>SONOVA HOLDING AG-REG</name>
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        <name>Spyre Therapeutics Inc</name>
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        <name>STATE STREET INS US GO MM FD-IS</name>
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        <name>STONEX GROUP INC</name>
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        <name>Strategy Inc</name>
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        <name>STRUCTURE THERAPEUTICS INC ADR</name>
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      <invstOrSec>
        <name>SUMMIT THERAPEUTICS INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SYNOPSYS INC</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
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      <invstOrSec>
        <name>T-MOBILE US INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>TAIWAN SEMICONDUCTOR-SP ADR</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TARSUS PHARMACEUTICALS INC</name>
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        <name>TENAX THERAPEUTICS INC</name>
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        <name>TENCENT HOLDINGS LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TENET HEALTHCARE CORP</name>
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        <name>TESLA INC</name>
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        <name>TEVA PHARMACEUTICAL-SP ADR</name>
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        <name>THERMO FISHER SCIENTIFIC INC</name>
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        <name>TMX GROUP LTD</name>
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        <name>TOAST INC-CLASS A</name>
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        <name>VERA THERAPEUTICS INC</name>
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        <curCd>USD</curCd>
        <valUSD>19923.750000</valUSD>
        <pctVal>0.1310441514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERRA MOBILITY CORP</name>
        <lei>549300XX5EKGLR0M4152</lei>
        <title>VERRA MOBILITY CORP COMMON STOCK USD.0001</title>
        <cusip>92511U102</cusip>
        <identifiers>
          <isin value="US92511U1025"/>
        </identifiers>
        <balance>566.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8088.140000</valUSD>
        <pctVal>0.0531979895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERTEX PHARMACEUTICALS INC</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>VERTEX PHARMACEUTICALS INC COMMON STOCK USD.01</title>
        <cusip>92532F100</cusip>
        <identifiers>
          <isin value="US92532F1003"/>
        </identifiers>
        <balance>233.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104043.820000</valUSD>
        <pctVal>0.6843256967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERTIV HOLDINGS CO-A</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>VERTIV HOLDINGS CO A COMMON STOCK USD.0001</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
        </identifiers>
        <balance>167.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41846.860000</valUSD>
        <pctVal>0.2752386602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRIDIAN THERAPEUTICS INC</name>
        <lei>549300C775BNYF550E70</lei>
        <title>VIRIDIAN THERAPEUTICS INC COMMON STOCK USD.01</title>
        <cusip>92790C104</cusip>
        <identifiers>
          <isin value="US92790C1045"/>
        </identifiers>
        <balance>312.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6102.720000</valUSD>
        <pctVal>0.0401393193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISA INC-CLASS A SHARES</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC CLASS A SHARES COMMON STOCK USD.0001</title>
        <cusip>92826C839</cusip>
        <identifiers>
          <isin value="US92826C8394"/>
        </identifiers>
        <balance>676.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204314.240000</valUSD>
        <pctVal>1.3438326720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAVE LIFE SCIENCES LTD</name>
        <lei>54930070006GPKFYZ813</lei>
        <title>WAVE LIFE SCIENCES LTD COMMON STOCK</title>
        <cusip>Y95308105</cusip>
        <identifiers>
          <isin value="SG9999014716"/>
        </identifiers>
        <balance>834.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6046.500000</valUSD>
        <pctVal>0.0397695445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORP</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>WESTERN ALLIANCE BANCORP COMMON STOCK USD.0001</title>
        <cusip>957638109</cusip>
        <identifiers>
          <isin value="US9576381092"/>
        </identifiers>
        <balance>129.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9139.650000</valUSD>
        <pctVal>0.0601140688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN DIGITAL CORP</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>WESTERN DIGITAL CORP COMMON STOCK USD.01</title>
        <cusip>958102105</cusip>
        <identifiers>
          <isin value="US9581021055"/>
        </identifiers>
        <balance>180.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48688.200000</valUSD>
        <pctVal>0.3202360927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN UNION CO</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>WESTERN UNION CO COMMON STOCK USD.01</title>
        <cusip>959802109</cusip>
        <identifiers>
          <isin value="US9598021098"/>
        </identifiers>
        <balance>1682.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14683.860000</valUSD>
        <pctVal>0.0965799095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISE PLC - A</name>
        <lei>213800LD9XCHIC1C4V71</lei>
        <title>WISE PLC   A COMMON STOCK GBP.01</title>
        <cusip>TC3QWY4P5</cusip>
        <identifiers>
          <isin value="GB00BL9YR756"/>
        </identifiers>
        <balance>6347.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.755515"/>
        <valUSD>76431.730000</valUSD>
        <pctVal>0.5027131538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WORKIVA INC</name>
        <lei>529900RTOQ8GRWHY1O58</lei>
        <title>WORKIVA INC COMMON STOCK USD.001</title>
        <cusip>98139A105</cusip>
        <identifiers>
          <isin value="US98139A1051"/>
        </identifiers>
        <balance>426.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25402.380000</valUSD>
        <pctVal>0.1670786539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XERO LTD</name>
        <lei>254900UG5D8YST164N14</lei>
        <title>XERO LTD COMMON STOCK</title>
        <cusip>TC78RRFD7</cusip>
        <identifiers>
          <isin value="NZXROE0001S2"/>
        </identifiers>
        <balance>137.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.449380"/>
        <valUSD>7240.430000</valUSD>
        <pctVal>0.0476223605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XP INC - CLASS A</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP INC   CLASS A COMMON STOCK</title>
        <cusip>G98239109</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
        </identifiers>
        <balance>841.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16012.640000</valUSD>
        <pctVal>0.1053196723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZSCALER INC</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>ZSCALER INC COMMON STOCK USD.001</title>
        <cusip>98980G102</cusip>
        <identifiers>
          <isin value="US98980G1022"/>
        </identifiers>
        <balance>77.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10802.330000</valUSD>
        <pctVal>0.0710499865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="The inception date of T. Rowe Price Innovation Leaders ETF is 01.28.2026. The performance return for T. Rowe Price Innovation Leaders ETF in 01.31.2026 is for a partial month." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-05</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Exchange-Traded Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
