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
12/29/2025 | 07:00 pm
USD 3.94

Current Spot Price USD 3.87
12/29/2025 | 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	-1.08%	-4.75%	-3.27%	-8.99%	-7.51%

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	5.59
Civitas Resources Inc	CIVI	4.96
Noble Corp Plc	NE	4.45
Americold Realty Trust	COLD	4.02
Armour Residential Reit Inc	ARR	3.80
Common stock of Huntsman Corporation	HUN	3.57
Dynex Capital Inc	DX	3.44
Robert Half Intl Inc	RHI	3.42
Kinetik Holdings Inc	KNTK	3.22
Northern Oil And Gas Inc	NOG	2.90
Flowers foods	FLO	2.56
Fs Kkr Capital Corp	FSK	2.49
Park Hotels & Resorts Inc	PK	2.34
Uwm Holdings Corp	UWMC	2.34
Apple Hospitality Reit Inc	APLE	2.14
Outfront Media Inc	OUT	2.13
FMC	FMC	1.99
Orchid Island Capital Inc	ORC	1.91
National Storage Affiliates Trust	NSA	1.77
Cogent Communications Holdings Inc	CCOI	1.64
Blackstone Mortgage Trust Inc	BXMT	1.52
Hercules Technology Growth Capital Inc	HTGC	1.30
TWO HARBORS INVESTMENT CORP	TWO	1.29
Artisan Partners Asset Management Inc	APAM	1.26
Arbor Realty Trust Inc	ABR	1.12
Golub Capital BDC Inc	GBDC	1.12
Atlas Energy Solutions Inc	AESI	1.07
Ellington Financial LLC (EFC)	EFC	1.04
Monro Inc	MNRO	1.03
Rlj Lodging Trust	RLJ	0.99
Oxford Industries Inc	OXM	0.97
Innovative Industrial Proper	IIPR	0.95
Bloomin Brands Inc	BLMN	0.94
MFA Financial Inc	MFA	0.86
Rent-a-center Inc	UPBD	0.86
Invesco Mortgage Capital	IVR	0.86
Capital Southwest Corp	CSWC	0.85
Dineequity Inc	DIN	0.85
Alexanders Inc	ALX	0.77
Global Net Lease Inc	GNL	0.76
Trinity Capital Inc	TRIN	0.75
B&g Foods Inc	BGS	0.68
Easterly Government Properties Inc	DEA	0.65
TPG Specialty Lending Inc	TSLX	0.63
PennantPark Floating Rate Capital Ltd	PFLT	0.63
Pennymac Portgage Investment	PMT	0.63
Getty Realty Corp	GTY	0.56
Apollo Commercial Real Estat	ARI	0.55
Oaktree Specialty Lending Corp	OCSL	0.52
Sinclair Inc	SBGI	0.51
Ladder Capital Corp	LADR	0.49
Goldman Sachs Bdc Closed End Fund	GSBD	0.47
Brandywine Realty Trust	BDN	0.47
Sila Realty Trust Inc	SILA	0.46
Gray Television Inc	GTN	0.46
Chimera Investment Corp	CIM	0.45
American Assets Trust Inc	AAT	0.41
Tcg Bdc Inc	CGBD	0.41
Vitesse Energy Inc	VTS	0.41
GLOBAL MEDICAL REIT INC	GMRE	0.38
Kkr Real Estate Finance Trus	KREF	0.38
Redwood Trust Inc	RWT	0.37
Ready Capital Corp	RC	0.36
Tpg Re Finance Trust Inc	TRTX	0.35
Franklin Bsp Realty Trust Inc	FBRT	0.35
Cto Realty Growth Inc	CTO	0.35
New Mountain Finance Corp	NMFC	0.35
Gladstone Commercial Corp	GOOD	0.31
Tfs Financial Corp	TFSL	0.31
ADAMAS TRUST INC	ADAM	0.30
Washington Trust Bancorp	WASH	0.28
Bain Capital Specialty Finance Inc	BCSF	0.27
Armada Hoffler Properties Inc	AHH	0.26
Community Healthcare Trust Inc	CHCT	0.26
Barings Bdc Inc	BBDC	0.26
Brightspire Capital Inc	BRSP	0.25
GLADSTONE CAPITAL CORP	GLAD	0.25
TCP Capital Corp	TCPC	0.24
Fidus Investment Corp	FDUS	0.24
Solar Capital Ltd	SLRC	0.20
Crescent Capital Bdc Inc.	CCAP	0.20
Universal Health Realty Income Trust	UHT	0.18
Movado Group Inc	MOV	0.18
Midland States Bancorp Inc	MSBI	0.17
Granite Ridge Resources Inc	GRNT	0.16
Newtek Business Services Corp	NEWT	0.16
Curiositystream Inc	CURI	0.15
Ares Commercial Real Estate Corp	ACRE	0.13
Saul Centers Inc	BFS	0.13
Acco Brands Corp	ACCO	0.13
Karat Packaging Inc	KRT	0.12
Spok Holdings Inc	SPOK	0.11
AG MORTGAGE INVESTMENT TRUST	MITT	0.10
The Rmr Group Inc	RMR	0.10
Chicago Atlantic Real Estate Finance Inc	REFI	0.10
One Liberty Properties Inc	OLP	0.09
Angel Oak Mortgage Inc	AOMR	0.08
Alpine Income Property Trust Inc	PINE	0.08
Braemar Hotels & Resorts Inc	BHR	0.07
Evolution Petroleum Corp	EPM	0.05

Source: Solactive, as of December 29, 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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