ETRACS Quarterly Pay 1.5x Leveraged Wells Fargo BDC Index ETN

An intraday "indicative value" is used to measure the intrinsic value of each ETN and is for reference purposes only. Note: The market price (the actual trading price) of ETNs may be different from their indicative value.
Current Indicative Value
04/20/2021 | 06:45 pm
USD 37.34

Current Spot Price USD 37.31
04/20/2021 | 04:10 pm

Index Profile

Underlying Index	Wells Fargo Business Development Company Index
Ticker symbol	WFBDCPX

About the index

The Wells Fargo Business Development Company Index PR is intended to measure the performance of all business development companies listed on the New York Stock Exchange (“NYSE”), NYSE AMEX or the NASDAQ Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. To qualify as a BDC, the company must be registered with the Securities and Exchange Commission (“SEC”) and have elected to be regulated as a BDC under the Investment Company Act of 1940 (“1940 Act”). The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index). The Index was created in January 28, 2011 and has no live performance history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
Wells Fargo Business Development Company Index	4.19%	15.26%	38.15%	65.32%	-2.14%

Source: UBS Investment Bank, publicly available data.

Historical information presented is furnished as a matter of information only. Historical performance of the Index is not an indication of future performance. Future performance of the Index may differ significantly from historical performance, either positively or negatively.

Index Historical Returns presented are based on intraday levels.

Constituent Weightings

Name	Ticker symbol	% Weight
Ares Capital Corp	ARCC	10.03
Owl Rock Capital Corporation Com	ORCC	9.84
Fs Kkr Capital Corporation Ii	FSKR	8.54
Main Street Capital Corp	MAIN	6.75
Fs Kkr Capital Corp	FSK	6.26
Golub Capital BDC Inc	GBDC	6.01
Prospect Capital Corp	PSEC	5.58
Hercules Technology Growth Capital Inc	HTGC	4.68
Goldman Sachs Bdc Closed End Fund	GSBD	4.60
TPG Specialty Lending Inc	TSLX	3.99
New Mountain Finance Corp	NMFC	2.82
Fifth Street Finance Corp	OCSL	2.60
Apollo Investment Corp	AINV	2.27
TCP Capital Corp	TCPC	2.08
Bain Capital Specialty Finance Inc	BCSF	2.06
Tcg Bdc Inc	CGBD	1.87
Solar Capital Ltd	SLRC	1.84
Newtek Business Services Corp	NEWT	1.36
Crescent Capital Bdc Inc.	CCAP	1.33
Barings Bdc Inc	BBDC	1.33
PennantPark Floating Rate Capital Ltd	PFLT	1.22
Triplepoint Venture Growth BDC Corp	TPVG	1.18
Gladstone Investment Corp	GAIN	1.14
Capital Southwest Corp	CSWC	1.08
PennantPark Investment Corp	PNNT	1.06
Fidus Investment Corp	FDUS	0.98
Gladstone Capital Corp	GLAD	0.84
Horizon Technology Finance Corp	HRZN	0.79
BlackRock Kelso Capital Corp	BKCC	0.67
Stellus Capital Investment Corp	SCM	0.61
Sutter Rock Capital Corp	SSSS	0.60
WhiteHorse Finance Inc	WHF	0.58
Monroe Capital Corp	MRCC	0.56
Saratoga Investment Corp	SAR	0.55
Solar Senior Capital Ltd	SUNS	0.55
Qxford Square Capital Corp	OXSQ	0.55
Portman Ridge Finance Corp	PTMN	0.44
Trinity Capital Inc	TRIN	0.32
OFS Capital Corp	OFS	0.23
First Eagle Alternative Cap Bdc Inc	FCRD	0.22

Source: Wells Fargo, as of April 20, 2021.

Constituent Weightings

Important legal information specific to ETRACS ETNs.

UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the prospectus, along with the applicable prospectus supplement, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS. The applicable prospectus supplement for each ETRACS may be viewed by clicking on the ticker symbol of each ETRACS identified above. You may also view any of these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.

Disclaimer Business continuity (pdf)

Important legal and regulatory information:

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The information in this section of the website may not be accessed in respect of the United Kingdom by persons who are retail investors. The securities referred to herein are not to be offered, sold or otherwise made available to any retail investor in the United Kingdom and any person who is a retail investor in the United Kingdom should not act or rely on this information or any of its contents. For these purposes, a retail investor means a person who is one (or more) of: a retail client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA"); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA ("UK Prospectus Regulation").