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
11/17/2025 | 07:00 pm
USD 3.61

Current Spot Price USD 3.66
11/17/2025 | 04:10 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	-7.03%	-7.31%	-7.59%	-15.49%	-16.42%

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
Western Un Co	WU	5.54
Civitas Resources Inc	CIVI	5.26
Noble Corp Plc	NE	4.89
Armour Residential Reit Inc	ARR	3.70
Americold Realty Trust	COLD	3.57
Dynex Capital Inc	DX	3.49
Robert Half Intl Inc	RHI	3.37
Kinetik Holdings Inc	KNTK	3.07
Northern Oil And Gas Inc	NOG	3.01
Common stock of Huntsman Corporation	HUN	3.00
Fs Kkr Capital Corp	FSK	2.70
Flowers foods	FLO	2.70
Uwm Holdings Corp	UWMC	2.70
Park Hotels & Resorts Inc	PK	2.28
Apple Hospitality Reit Inc	APLE	2.14
Outfront Media Inc	OUT	1.99
Orchid Island Capital Inc	ORC	1.97
FMC	FMC	1.94
National Storage Affiliates Trust	NSA	1.88
Blackstone Mortgage Trust Inc	BXMT	1.47
Cogent Communications Holdings Inc	CCOI	1.43
Artisan Partners Asset Management Inc	APAM	1.29
Hercules Technology Growth Capital Inc	HTGC	1.24
TWO HARBORS INVESTMENT CORP	TWO	1.22
Arbor Realty Trust Inc	ABR	1.22
Golub Capital BDC Inc	GBDC	1.17
Ellington Financial LLC (EFC)	EFC	1.06
Bloomin Brands Inc	BLMN	1.03
Oxford Industries Inc	OXM	1.01
Atlas Energy Solutions Inc	AESI	1.00
Rlj Lodging Trust	RLJ	0.98
Innovative Industrial Proper	IIPR	0.94
Monro Inc	MNRO	0.88
MFA Financial Inc	MFA	0.85
Rent-a-center Inc	UPBD	0.83
Capital Southwest Corp	CSWC	0.83
Invesco Mortgage Capital	IVR	0.82
Alexanders Inc	ALX	0.77
Trinity Capital Inc	TRIN	0.74
Global Net Lease Inc	GNL	0.73
Dineequity Inc	DIN	0.72
B&g Foods Inc	BGS	0.69
Easterly Government Properties Inc	DEA	0.66
PennantPark Floating Rate Capital Ltd	PFLT	0.64
Pennymac Portgage Investment	PMT	0.64
TPG Specialty Lending Inc	TSLX	0.62
Getty Realty Corp	GTY	0.61
Sinclair Inc	SBGI	0.59
Oaktree Specialty Lending Corp	OCSL	0.57
Brandywine Realty Trust	BDN	0.56
Apollo Commercial Real Estat	ARI	0.56
Goldman Sachs Bdc Closed End Fund	GSBD	0.48
Gray Television Inc	GTN	0.48
Sila Realty Trust Inc	SILA	0.48
Ladder Capital Corp	LADR	0.47
Vitesse Energy Inc	VTS	0.46
Chimera Investment Corp	CIM	0.44
Ready Capital Corp	RC	0.43
American Assets Trust Inc	AAT	0.42
Tcg Bdc Inc	CGBD	0.39
Kkr Real Estate Finance Trus	KREF	0.38
GLOBAL MEDICAL REIT INC	GMRE	0.38
Tpg Re Finance Trust Inc	TRTX	0.37
New Mountain Finance Corp	NMFC	0.36
Redwood Trust Inc	RWT	0.35
Cto Realty Growth Inc	CTO	0.34
Franklin Bsp Realty Trust Inc	FBRT	0.34
Gladstone Commercial Corp	GOOD	0.33
Tfs Financial Corp	TFSL	0.31
ADAMAS TRUST INC	ADAM	0.30
Bain Capital Specialty Finance Inc	BCSF	0.28
TCP Capital Corp	TCPC	0.27
Barings Bdc Inc	BBDC	0.27
Washington Trust Bancorp	WASH	0.26
Fidus Investment Corp	FDUS	0.25
Armada Hoffler Properties Inc	AHH	0.25
Community Healthcare Trust Inc	CHCT	0.25
GLADSTONE CAPITAL CORP	GLAD	0.24
Brightspire Capital Inc	BRSP	0.24
Solar Capital Ltd	SLRC	0.21
Crescent Capital Bdc Inc.	CCAP	0.19
Universal Health Realty Income Trust	UHT	0.19
Granite Ridge Resources Inc	GRNT	0.18
Curiositystream Inc	CURI	0.17
Movado Group Inc	MOV	0.16
Newtek Business Services Corp	NEWT	0.15
Saul Centers Inc	BFS	0.13
Midland States Bancorp Inc	MSBI	0.13
Ares Commercial Real Estate Corp	ACRE	0.13
Acco Brands Corp	ACCO	0.12
Spok Holdings Inc	SPOK	0.11
Karat Packaging Inc	KRT	0.11
The Rmr Group Inc	RMR	0.10
Chicago Atlantic Real Estate Finance Inc	REFI	0.10
Alpine Income Property Trust Inc	PINE	0.09
One Liberty Properties Inc	OLP	0.09
AG MORTGAGE INVESTMENT TRUST	MITT	0.09
Angel Oak Mortgage Inc	AOMR	0.08
Braemar Hotels & Resorts Inc	BHR	0.07
Evolution Petroleum Corp	EPM	0.06

Source: Solactive, as of November 17, 2025.

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

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