ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend 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 7.74

Current Spot Price USD 7.73
11/27/2020 | 01:10 pm

Index Profile

Underlying Index	Solactive US Small Cap High Dividend Index
Ticker symbol	SOLSMHD

About the index

The Solactive US Small Cap High Dividend Index is intended to track the price movements of stocks which are publicly traded on US stock exchanges and fulfill certain minimum requirements in terms of market capitalization. From this universe, the stocks with high Forward Looking Distribution Yield .
The Index was created on January 26, 2015, and therefore, has no performance history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
Solactive US Small Cap High Dividend Index	27.62%	22.21%	30.11%	-12.40%	-27.12%

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
Murphy Oil Corp.	MUR	5.29
Hollyfrontier Corp	HFC	5.09
Macerich Co/The	MAC	4.65
Helmerich	HP	4.56
Cit Group Inc	CIT	3.98
New Residential Investment Corp	NRZ	3.91
First Hawaiian Inc	FHB	3.78
Chimera Investment Corp	CIM	2.94
Antero Midstream Partners Lp	AM	2.83
Blackstone Mortgage Trust Inc	BXMT	2.55
Delek Us Holdings Inc	DK	2.46
Plains Gp Holdings Lp	PAGP	2.34
B&g Foods Inc	BGS	2.27
Brandywine Realty Trust	BDN	2.01
Sabra Health Care REIT Inc	SBRA	1.96
Umpqua Holdings Corp	UMPQ	1.93
FNB Corp	FNB	1.90
Navient Corp	NAVI	1.86
National Health Investors Inc	NHI	1.61
Uniti Group Inc	UNIT	1.60
Pennymac Portgage Investment	PMT	1.58
Arbor Realty Trust Inc	ABR	1.46
Geo Group Inc	GEO	1.44
Investors Bancorp Inc	ISBC	1.42
Piedmont Office Realty Trust Inc	PDM	1.27
Redwood Trust Inc	RWT	1.25
Brookfield Property Reit Inc	BPYU	1.25
Apollo Commercial Real Estat	ARI	1.22
Fs Kkr Capital Corporation Ii	FSKR	1.03
Ltc Properties Inc	LTC	0.97
Kennedy-wilson Holdings Inc	KW	0.97
Columbia Property Reit	CXP	0.96
Main Street Capital Corp	MAIN	0.95
Fs Kkr Capital Corp	FSK	0.95
Mercury General Corp	MCY	0.91
ARMOUR Residential REIT Inc	ARR	0.87
Ladder Capital Corp	LADR	0.84
Hercules Technology Growth Capital Inc	HTGC	0.83
Hope Bancorp Inc	HOPE	0.82
TPG Specialty Lending Inc	TSLX	0.77
Archrock Inc	AROC	0.72
Vector Group Ltd	VGR	0.70
Northwest Bancshares Inc	NWBI	0.64
First Financial Bancorp	FFBC	0.62
Prospect Capital Corp	PSEC	0.62
Global Net Lease Inc	GNL	0.61
Universal Corp/VA	UVV	0.59
Provident Financial Services Inc	PFS	0.57
Golub Capital BDC Inc	GBDC	0.53
Office Properties Income Trust	OPI	0.51
Dynex Capital Inc	DX	0.49
New Mountain Finance Corp	NMFC	0.48
Apollo Investment Corp	AINV	0.47
Orchid Island Capital Inc	ORC	0.43
Tpg Re Finance Trust Inc	TRTX	0.43
Trinity Merger Corp	BRMK	0.41
Preferred Apartment Communities Inc	APTS	0.39
Ready Capital Corp	RC	0.38
Kkr Real Estate Finance Trus	KREF	0.36
National Cinemedia Inc	NCMI	0.36
American Finance Trust Inc	AFIN	0.35
Gladstone Commercial Corp	GOOD	0.31
Capstead Mortgage Corp	CMO	0.31
Ellington Financial LLC (EFC)	EFC	0.30
TCP Capital Corp	TCPC	0.29
Alexanders Inc	ALX	0.28
Central Pacific Financial Corp	CPF	0.28
Ares Commercial Real Estate Corp	ACRE	0.28
Newtek Business Services Corp	NEWT	0.26
Goldman Sachs Bdc Closed End Fund	GSBD	0.25
Plymouth Industrial Reit Inc	PLYM	0.24
Saul Centers Inc	BFS	0.23
Franklin Street Properties Corp	FSP	0.23
Tcg Bdc Inc	CGBD	0.23
Suncoke Energy Inc	SXC	0.23
New Senior Investment Group Inc.	SNR	0.23
Bain Capital Specialty Finance Inc	BCSF	0.22
Whitestone REIT	WSR	0.22
Triplepoint Venture Growth BDC Corp	TPVG	0.21
Fifth Street Finance Corp	OCSL	0.21
Catchmark Timber Trust Inc	CTT	0.21
Midland States Bancorp Inc	MSBI	0.21
Solaris Oilfield Infrast-a	SOI	0.20
Solar Capital Ltd	SLRC	0.19
United Fire Group Inc	UFCS	0.18
Heritage Commerce Corp	HTBK	0.18
Flushing Financial Corp	FFIC	0.18
Hess Midstream Partners Lp	HESM	0.18
Gladstone Investment Corp	GAIN	0.17
Fidus Investment Corp	FDUS	0.17
Cherry Hill Mortgage Investment Corp	CHMI	0.16
Bluerock Residential Growth Reit Inc	BRG	0.15
PennantPark Floating Rate Capital Ltd	PFLT	0.15
Peoples Bancorp Inc	PEBO	0.14
Horizon Technology Finance Corp	HRZN	0.14
One Liberty Properties Inc	OLP	0.13
Anworth Mortgage Asset Corp	ANH	0.13
Financial Institutions Inc	FISI	0.12
Nve Corp	NVEC	0.10
Gladstone Capital Corp	GLAD	0.10

Source: Solactive, as of November 27, 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.

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