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
11/28/2020 | 07:14 pm
USD 9.43

Current Spot Price USD 9.50
11/27/2020 | 01:10 pm

Index Profile

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

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	17.45%	11.50%	12.12%	-18.07%	8.12%

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
Brookfield Property Partners LP	BPY	12.55
Cedar Fair LP	FUN	12.27
AllianceBernstein Holding LP	AB	10.27
Landmark Infrastructure Partners Lp	LMRK	9.85
CVR Partners LP	UAN	9.74
COMPASS TR SHRS	CODI	9.68
Westlake Chemical Partners Lp	WLKP	9.68
Icahn Enterprises LP	IEP	8.90
Ciner Resources Lp	CINR	8.72
America First Multifamily Investors LP	ATAX	8.33

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, along with the applicable prospectus, pricing or product 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 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.

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 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").

Disclaimer Business continuity (pdf)

Important legal and regulatory information:

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