ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B

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
12/11/2019 | 10:55 am
USD 24.74

Current Spot Price USD 24.69
12/11/2019 | 10:55 am

Index Profile

Underlying Index	Wells Fargo MLP Ex-Energy Index
Ticker symbol	MLPXEPX
CUSIP	--

About the index

The Wells Fargo^® Master Limited Partnership Ex-Energy Index is intended to measure the performance of all non-energy master limited partnerships (“MLPs”) listed on the New York Stock Exchange (“NYSE”), NYSE MKT or NASDAQ that satisfy market capitalization and other eligibility requirements. The Index is a modified market capitalization-weighted index of master limited partnerships (MLPs) that do not have an energy focus and that have a market capitalization of at least $100 million at the time of inclusion. The capitalization weighting methodology is referred to as modified because it includes a 10% weighting limit under which the MLP classes of a particular issuer may not exceed 10% of the total capitalization of the Index.
The Index was created on April 1, 2014, and therefore, has no performance history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
Wells Fargo MLP Ex-Energy Index	--	--	--	--	--

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.

*52-Week High and 52-Week Low are based on intraday trading prices.

**Historical Returns for the ETN are calculated on the basis of intraday indicative value.

Index Historical Returns presented are based on intraday levels.

The ETRACS ETNs are subject to investor fees. As a result, the return on the ETNs will always be lower than the total return on a direct investment in the Index or the Index constituents.

Constituent Weightings

Name	Ticker symbol	% Weight
COMPASS TR SHRS	CODI	12.81
Carlyle Group LP	CG	11.12
AllianceBernstein Holding LP	AB	9.95
Cedar Fair LP	FUN	9.73
Westlake Chemical Partners Lp	WLKP	9.66
Brookfield Property Partners LP	BPY	9.33
Icahn Enterprises LP	IEP	9.09
America First Multifamily Investors LP	ATAX	7.36
Landmark Infrastructure Partners Lp	LMRK	6.68
Ciner Resources Lp	CINR	5.61
CVR Partners LP	UAN	5.25
Navios Maritime Partners LP	NMM	3.41

Source: Wells Fargo Securities, LLC, as of October 24, 2019.

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 applicable prospectus, pricing or product supplement, dated as of various dates, and the prospectus dated April 29, 2016 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 offering document for each ETRACS may be obtained by clicking on the ticker symbol of each ETRACS identified above or as otherwise indicated. You may also get 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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