ETRACS 2x Leveraged IFED Invest with the Fed TR 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
01/31/2023 | 07:00 pm
USD 30.41

Current Spot Price USD 30.35
01/31/2023 | 04:10 pm

Index Profile

Underlying Index	IFED Large-Cap US TR Equity Index
Ticker symbol	IFEDLT

About the index

The IFED Large-Cap US Equity Index Total Return is a composite of large-cap U.S. equities that is designed to maximize exposure to those equities best positioned to benefit from the prevailing monetary environment. The Underlying Index uses a combination of Federal Reserve Board (the “Federal Reserve”) policy developments and twelve firm-specific metrics to select and weight stocks via a transparent and rules-based active strategy. The Underlying Index sponsor has developed empirical research that presents support for the view that, if measured properly, there is a significant and consistent association between the Federal Reserve monetary policy shifts and subsequent return on equities and other securities. The Underlying Index was first disseminated publicly on June 8, 2020 and has no live history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
IFED Large-Cap US TR Equity Index	7.36%	6.01%	6.29%	5.01%	--

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 are calculated on the basis of intraday index levels or closing index levels where relevant.

Constituent Weightings

Name	Ticker symbol	% Weight
Bank of America	BAC	4.42
JPMorgan Chase	JPM	4.23
UnitedHealth Group	UNH	3.94
Citigroup	C	3.73
Goldman Sachs	GS	3.57
Applied Materials	AMAT	3.42
Morgan Stanley	MS	3.26
Lam Research Corp	LRCX	2.92
Marathon Petro	MPC	2.77
Moderna Inc.	MRNA	2.39
Ford	F	2.34
Apple	AAPL	2.29
Kla-Tencor	KLAC	2.24
CVS	CVS	2.06
TJX Companies Inc	TJX	1.99
Cigna Corporation	CI	1.92
Palo Alto	PANW	1.91
Berkshire Hathaway-B-	BRK/B	1.87
Anthem Inc.	ELV	1.85
Wells Fargo Co	WFC	1.85
Humana	HUM	1.71
Nucor Corp	NUE	1.64
Charles Schwab	SCHW	1.61
Fortinet	FTNT	1.47
Freeport McMoRan	FCX	1.46
Estée Lauder	EL	1.40
Mckesson Corp	MCK	1.23
eBay	EBAY	1.18
LENNAR CP CL A	LEN	1.13
Capital One Financial Corporation	COF	1.06
Nike	NKE	1.05
Vertex Pharmaceuticals	VRTX	1.05
HP Inc.	HPQ	0.99
MetLife	MET	0.95
Alphabet Inc. A	GOOGL	0.94
Arista Networks Inc	ANET	0.92
Willis Towers Watson Plc	WTW	0.91
Southwest Airlines Co	LUV	0.89
Best Buy	BBY	0.89
Amer Intl Group	AIG	0.89
Truist Financial Corporation	TFC	0.88
Centene Corp	CNC	0.86
Bank of New York Mellon	BK	0.81
Travelers Companies Inc.	TRV	0.78
CARDINAL HEALTH INC	CAH	0.78
Synchrony Financial	SYF	0.75
ZSCALER INC	ZS	0.73
Paccar Inc	PCAR	0.73
AFLAC INC	AFL	0.70
Archer Daniels Midland	ADM	0.70
AMERIPRISE FINANCIAL INC	AMP	0.68
Regions Financial Corporation	RF	0.68
State Street	STT	0.68
Live Nation Entertainment Inc.	LYV	0.67
TERADYNE INC	TER	0.66
PNC FINANCIAL SERVICES GROUP	PNC	0.63
DISCOVER FINANCIAL SERVICES UN	DFS	0.63
Dell Technologies Inc.	DELL	0.63
Citizens Financial Group Inc	CFG	0.62
AmerisourceBergen	ABC	0.59
Hewlett Packard Enterprise Co	HPE	0.59
Prudential Financial Inc	PRU	0.59
Fifth Third Bancorp	FITB	0.59
CF INDUST	CF	0.59
Omnicom Group Inc	OMC	0.58
KKR & Co. Inc.	KKR	0.58
Tyson Foods	TSN	0.57
M&T Bank Corp.	MTB	0.56
Builders FirstSource Inc	BLDR	0.56
Expditors International of Washington Inc	EXPD	0.56
MongoDB Inc	MDB	0.55
NetApp	NTAP	0.44
Hubspot INC	HUBS	0.42
Signature Bank	SBNY	0.30

Source: INDXX, as of January 31, 2023.

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

Important legal and regulatory information:

The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker dealer. Member of SIPC

For information as to which entity provides the services in each jurisdiction click here.

The information in this section of the website may not be accessed in respect of any member state of the European Economic Area ("EEA") 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 EEA and any person who is a retail investor in the EEA 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: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of Directive 2002/92/EC (the "Insurance Mediation Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive").

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").