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
05/30/2023 | 08:00 pm
USD 4.69

Current Spot Price USD 4.71
05/30/2023 | 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	-3.49%	-16.96%	-21.15%	-25.47%	21.55%

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
LINCOLN NATIONAL CORP	LNC	5.40
Sl Green Realty Corp	SLG	4.84
Kohl's Corp	KSS	4.28
Hanesbrands Inc.	HBI	4.01
Vornado Realty Trust	VNO	3.85
Blackstone Mortgage Trust Inc	BXMT	3.45
Arbor Realty Trust Inc	ABR	3.31
Equitrans Midstream Corp	ETRN	3.25
Pacwest Bancorp	PACW	3.16
Consol Energy Inc	CEIX	3.00
Cal-maine Foods Inc	CALM	2.71
New Residential Investment Corp	RITM	2.50
Kilroy Realty Corp	KRC	2.47
ARMOUR Residential REIT Inc	ARR	2.22
Camping World Holdings Inc	CWH	2.08
Innovative Industrial Proper	IIPR	1.80
Outfront Media Inc	OUT	1.58
Hercules Technology Growth Capital Inc	HTGC	1.56
Highwoods Properties Inc.	HIW	1.53
Sabra Health Care REIT Inc	SBRA	1.45
B. Riley Financial Inc	RILY	1.34
EPR Properties	EPR	1.31
Hudson Pacific Properties Inc	HPP	1.24
Macerich Co/The	MAC	1.22
Sitio Royalties Corp	STR	1.19
TWO HARBORS INVESTMENT CORP	TWO	1.13
Uniti Group Inc	UNIT	1.12
Artisan Partners Asset Management Inc	APAM	1.06
Easterly Government Properties Inc	DEA	0.98
National Health Investors Inc	NHI	0.94
Ready Capital Corp	RC	0.88
Brandywine Realty Trust	BDN	0.87
Genco Shipping & Trading Ltd	GNK	0.87
MFA Financial Inc	MFA	0.84
Vitesse Energy Inc	VTS	0.82
Apollo Commercial Real Estat	ARI	0.82
Franchise Group Inc	FRG	0.81
Dynex Capital Inc	DX	0.79
American Assets Trust Inc	AAT	0.78
Oaktree Specialty Lending Corp	OCSL	0.75
Big Lots	BIG	0.74
Invesco Mortgage Capital	IVR	0.72
Ellington Financial LLC (EFC)	EFC	0.69
Piedmont Office Realty Trust Inc	PDM	0.68
Pennymac Portgage Investment	PMT	0.65
Service Properties Trust	SVC	0.64
Golub Capital BDC Inc	GBDC	0.63
Northwest Bancshares Inc	NWBI	0.62
Office Properties Income Trust	OPI	0.62
Paramount Group Inc	PGRE	0.61
Chimera Investment Corp	CIM	0.61
Safehold Inc	SAFE	0.57
TPG Specialty Lending Inc	TSLX	0.57
Brightspire Capital Inc	BRSP	0.57
Ares Commercial Real Estate Corp	ACRE	0.56
Ladder Capital Corp	LADR	0.56
Prospect Capital Corp	PSEC	0.55
Goldman Sachs Bdc Closed End Fund	GSBD	0.52
Kinetik Holdings Inc.	KNTK	0.51
Petmed Express Inc	PETS	0.49
Global Net Lease Inc	GNL	0.48
Orchid Island Capital Inc	ORC	0.47
Trinity Merger Corp	BRMK	0.47
Redwood Trust Inc	RWT	0.44
NEW YORK MORTGAGE TRUST INC	NYMT	0.41
MATIV INC	MATV	0.41
Kkr Real Estate Finance Trus	KREF	0.41
Granite Point Mortgage Trust Inc	GPMT	0.37
Capital Southwest Corp	CSWC	0.31
Trinity Capital Inc	TRIN	0.30
Uwm Holdings Corp	UWMC	0.29
Newtek Business Services Corp	NEWT	0.29
The Neccesity Retail Reit Inc	RTL	0.29
New Mountain Finance Corp	NMFC	0.28
PennantPark Floating Rate Capital Ltd	PFLT	0.28
Barings Bdc Inc	BBDC	0.28
Global Medical Reit Inc	GMRE	0.26
Deluxe Corp	DLX	0.26
Gladstone Commercial Corp	GOOD	0.26
Franklin Bsp Realty Trust Inc	FBRT	0.25
Tfs Financial Corp	TFSL	0.24
Tcg Bdc Inc	CGBD	0.22
Cto Realty Growth Inc	CTO	0.21
Claros Mortgage Trust Inc	CMTG	0.20
TCP Capital Corp	TCPC	0.19
Solar Capital Ltd	SLRC	0.19
Afc Gamma Inc	AFCG	0.16
Kronos Worldwide Inc	KRO	0.16
Tpg Re Finance Trust Inc	TRTX	0.16
Bain Capital Specialty Finance Inc	BCSF	0.14
Spok Holdings Inc	SPOK	0.14
PennantPark Investment Corp	PNNT	0.13
Fidus Investment Corp	FDUS	0.12
Alexanders Inc	ALX	0.11
Gladstone Investment Corp	GAIN	0.10
Gladstone Capital Corp	GLAD	0.09
Crescent Capital Bdc Inc.	CCAP	0.09
Homestreet Inc	HMST	0.08
One Liberty Properties Inc	OLP	0.07
Mesabi Trust	MSB	0.06

Source: Solactive, as of May 30, 2023.

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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