T. Rowe Price Exchange-Traded Funds Inc.

10/30/2026 | Press release | Distributed by Public on 10/30/2026 07:00

Prospectus by Investment Company (Form 497)

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 13:00 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]