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
04/22/2025 | 11:39 am
USD 3.73

Current Spot Price USD 3.77
04/22/2025 | 11:24 am

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	-12.11%	-14.19%	-19.69%	-15.28%	-26.40%

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
Medical Properties Trust Inc	MPW	6.16
The Wendy's Company	WEN	5.09
Western Un Co	WU	4.46
Sabra Health Care REIT Inc	SBRA	3.51
Organon & Co	OGN	3.24
Kohl's Corp	KSS	3.19
Park Hotels & Resorts Inc	PK	3.12
Highwoods Properties Inc.	HIW	2.67
Blackstone Mortgage Trust Inc	BXMT	2.61
Outfront Media Inc	OUT	2.41
Armour Residential Reit Inc	ARR	2.38
Arbor Realty Trust Inc	ABR	2.34
Clearway Energy Inc Class C	CWEN	2.26
EPR Properties	EPR	2.14
Dynex Capital Inc	DX	2.09
Innovative Industrial Proper	IIPR	2.06
Apple Hospitality Reit Inc	APLE	1.95
Bloomin Brands Inc	BLMN	1.76
Broadstone Net Lease Inc	BNL	1.68
Golub Capital BDC Inc	GBDC	1.55
Lexington Realty Trust	LXP	1.53
Hercules Technology Growth Capital Inc	HTGC	1.52
Artisan Partners Asset Management Inc	APAM	1.38
Uwm Holdings Corp	UWMC	1.34
TWO HARBORS INVESTMENT CORP	TWO	1.27
Prospect Capital Corp	PSEC	1.22
Dineequity Inc	DIN	1.17
Orchid Island Capital Inc	ORC	1.14
B&g Foods Inc	BGS	1.10
Sila Realty Trust Inc	SILA	1.09
Easterly Government Properties Inc	DEA	1.04
Global Net Lease Inc	GNL	1.04
Ltc Properties Inc	LTC	1.03
Oaktree Specialty Lending Corp	OCSL	1.00
Goldman Sachs Bdc Closed End Fund	GSBD	0.97
Apollo Commercial Real Estat	ARI	0.94
Ellington Financial LLC (EFC)	EFC	0.93
Capital Southwest Corp	CSWC	0.93
Pennymac Portgage Investment	PMT	0.93
XEROX HOLDINGS CORPORATION	XRX	0.91
MFA Financial Inc	MFA	0.87
Uniti Group Inc	UNIT	0.83
Invesco Mortgage Capital	IVR	0.80
Brandywine Realty Trust	BDN	0.77
RADIUS HEALTH INC	RDUS	0.76
PennantPark Floating Rate Capital Ltd	PFLT	0.73
Ready Capital Corp	RC	0.72
Cto Realty Growth Inc	CTO	0.71
Trinity Capital Inc	TRIN	0.66
Ladder Capital Corp	LADR	0.64
Genco Shipping & Trading Ltd	GNK	0.58
Chimera Investment Corp	CIM	0.56
TPG Specialty Lending Inc	TSLX	0.55
Redwood Trust Inc	RWT	0.54
Gray Television Inc	GTN	0.52
New Mountain Finance Corp	NMFC	0.51
Armada Hoffler Properties Inc	AHH	0.48
Washington Trust Bancorp	WASH	0.46
NEW YORK MORTGAGE TRUST INC	NYMT	0.41
Kkr Real Estate Finance Trus	KREF	0.40
Community Healthcare Trust Inc	CHCT	0.38
Franklin Bsp Realty Trust Inc	FBRT	0.38
Tpg Re Finance Trust Inc	TRTX	0.37
TCP Capital Corp	TCPC	0.36
Tfs Financial Corp	TFSL	0.35
Fidus Investment Corp	FDUS	0.33
Barings Bdc Inc	BBDC	0.33
Global Medical Reit Inc	GMRE	0.32
Gladstone Commercial Corp	GOOD	0.32
Vitesse Energy Inc	VTS	0.31
Alexanders Inc	ALX	0.26
Universal Health Realty Income Trust	UHT	0.25
Brightspire Capital Inc	BRSP	0.25
GLADSTONE CAPITAL CORP	GLAD	0.24
Bain Capital Specialty Finance Inc	BCSF	0.24
Tcg Bdc Inc	CGBD	0.24
Peakstone Realty Trust	PKST	0.23
Movado Group Inc	MOV	0.22
Ellington Residential Mortgage	EARN	0.22
Solar Capital Ltd	SLRC	0.22
Kearny Financial Corp	KRNY	0.21
Ares Commercial Real Estate Corp	ACRE	0.20
Gladstone Investment Corp	GAIN	0.17
RESOURCES CONNECTION INC	RGP	0.17
Postal Realty Trust Inc	PSTL	0.16
Spok Holdings Inc	SPOK	0.15
AG MORTGAGE INVESTMENT TRUST	MITT	0.15
Saul Centers Inc	BFS	0.14
Alpine Income Property Trust Inc	PINE	0.14
The Rmr Group Inc	RMR	0.14
Crescent Capital Bdc Inc.	CCAP	0.14
Chicago Atlantic Real Estate Finance Inc	REFI	0.13
One Liberty Properties Inc	OLP	0.13
First Of Long Island Corp	FLIC	0.11
Afc Gamma Inc	AFCG	0.09
Evolution Petroleum Corp	EPM	0.08
Nexpoint Credit	NXDT	0.08
Pangaea Logistics Solutions Ltd	PANL	0.08
Granite Point Mortgage Trust Inc	GPMT	0.06
Orion Office Reit Inc	ONL	0.05

Source: Solactive, as of April 21, 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

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 jurisdiction click here.

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 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").

The information in this section of the website may not be accessed in respect of the United Kingdom by persons who are retail investors. The securities referred to herein are not to be offered, sold or otherwise made available to any retail investor in the United Kingdom and any person who is a retail investor in the United Kingdom 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: a retail client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA"); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA ("UK Prospectus Regulation").