ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT 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
07/02/2020 | 08:00 pm
USD 27.48

Current Spot Price USD 27.44
07/02/2020 | 08:00 pm

Index Profile

Underlying Index	MVIS US Mortgage REITs Index
Ticker symbol	MVMORT
CUSIP	--

About the index

The MVIS US Mortgage REITs Index is a modified capitalization-weighted, float-adjusted index designed to give investors a means of tracking the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% (25% for current Index components) of their revenues from mortgage-related activity. This includes REITs that are primarily engaged in the purchase or service of commercial or residential mortgage loans or mortgage-related securities. 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 August 4, 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
MVIS US Mortgage REITs Index	-9.02%	56.59%	-46.84%	-44.91%	-50.87%

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.

*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
Annaly Capital Management Inc	NLY	16.93
American Capital Agency Corp	AGNC	13.36
Starwood Property Trust Inc	STWD	8.17
Blackstone Mortgage Trust Inc	BXMT	6.13
New Residential Investment Corp	NRZ	5.80
Hannon Armstrong Sustainable Infrastructure Capital Inc	HASI	4.70
Pennymac Portgage Investment	PMT	4.58
Chimera Investment Corp	CIM	4.22
Two Harbors Investment Corp	TWO	4.03
Trinity Merger Corp	BRMK	3.69
Arbor Realty Trust Inc	ABR	3.56
Apollo Commercial Real Estat	ARI	3.41
MFA Financial Inc	MFA	2.82
New York Mortgage Trust Inc	NYMT	2.67
Ladder Capital Corp	LADR	2.53
Colony Credit Real Estate Inc - A	CLNC	1.74
Ellington Financial LLC (EFC)	EFC	1.65
Invesco Mortgage Capital Inc	IVR	1.58
Redwood Trust Inc	RWT	1.53
ARMOUR Residential REIT Inc	ARR	1.52
Kkr Real Estate Finance Trus	KREF	1.37
Capstead Mortgage Corp	CMO	1.10
Orchid Island Capital Inc	ORC	0.99
Tpg Re Finance Trust Inc	TRTX	0.98
Dynex Capital Inc	DX	0.96

Source: MV Index Solutions GmbH, as of July 02, 2020.

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:

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 jursidiction click here.