T. Rowe Price Exchange-Traded Funds Inc.

10/30/2026 | Press release | Distributed by Public on 10/30/2026 07:01

Summary Prospectus by Investment Company (Form 497K)

T. Rowe Price Natural Resources ETF

Supplement to Prospectus and Summary Prospectus dated March 1, 2026, as supplemented

In the Summary Prospectus and Section 1 of the Prospectus, the disclosure under "Management" is supplemented as follows:

Effective November 13, 2026, Priyal Maniar will step down as one of the fund's co-portfolio managers.

In Section 2 of the Prospectus, the disclosure under "Portfolio Management" is supplemented as follows:

Effective November 13, 2026, Priyal Maniar will step down from her role on the fund and will no longer serve as one of the fund's co-portfolio managers. Rick de los Reyes, Shinwoo Kim, and Tom Shelmerdine will continue as the fund's portfolio managers.

The date of this supplement is October 30, 2026.

ETF1192-042 10/30/26

T. Rowe Price Exchange-Traded Funds Inc. published this content on October 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 30, 2026 at 13:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]