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
07/19/2019 | 06:59 pm
USD 16.42

Current Spot Price USD 16.46
07/19/2019 | 06:59 pm

Index Profile

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

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	-1.84%	-8.31%	-12.71%	-21.38%	-16.69%

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.

*Historical Returns for the ETN are calculated on the basis of intraday indicative value.

Index Historical Returns presented are based on intraday levels.

The ETRACS ETNs are subject to investor fees. As a result, the return on the ETNs will always be lower than the total return on a direct investment in the Index or the Index constituents.

Constituent Weightings

Name	Ticker symbol	% Weight
Signet Jewelers Ltd	SIG	4.53
Senior Housing Properties Trust	SNH	3.99
Rlj Lodging Trust	RLJ	3.63
Invesco Mortgage Capital Inc	IVR	3.02
Tanger Factory Outlet Center	SKT	2.99
ARMOUR Residential REIT Inc	ARR	2.87
GAMESTOP	GME	2.70
Redwood Trust Inc	RWT	2.49
B&g Foods Inc	BGS	2.33
Pattern Energy Group Inc	PEGI	2.31
Global Net Lease Inc	GNL	2.28
Apollo Commercial Real Estat	ARI	2.20
Chicos Fas Inc	CHS	2.06
Gannett Co	GCI	2.02
Colony Financial Inc	CLNY	1.84
Tailored Brands Inc	TLRD	1.82
Granite Point Mortgage Trust Inc	GPMT	1.81
Pennymac Portgage Investment	PMT	1.80
Ladder Capital Corp	LADR	1.73
Geo Group Inc	GEO	1.69
Semgroup Corp-class A	SEMG	1.68
Artisan Partners Asset Management Inc	APAM	1.57
New York Mortgage Trust Inc	NYMT	1.52
Prospect Capital Corp	PSEC	1.51
Hercules Technology Growth Capital Inc	HTGC	1.48
Arbor Realty Trust Inc	ABR	1.41
Fs Kkr Capital Corp	FSK	1.41
Office Properties Income Trust	OPI	1.38
Main Street Capital Corp	MAIN	1.33
Terraform Power Inc	TERP	1.26
Penn Real Estate Invest Tst	PEI	1.19
Industrial Logistics Properties Trust	ILPT	1.17
Ramco-gershenson Properties	RPT	1.16
Wp Glimcher Inc	WPG	1.13
Kite Realty Group Trust	KRG	1.08
Easterly Government Properties Inc	DEA	1.00
Aircastle Ltd	AYR	0.93
American Finance Trust Inc	AFIN	0.90
Hersha Hospitality Trust	HT	0.89
Corepoint Lodging Inc	CPLG	0.87
Summit Hotel Properties Inc	INN	0.84
Independence Realty Trust Inc	IRT	0.81
Tivo Corp	TIVO	0.80
Tpg Re Finance Trust Inc	TRTX	0.78
Apollo Investment Corp	AINV	0.78
New Mountain Finance Corp	NMFC	0.73
TPG Specialty Lending Inc	TSLX	0.72
Cbl & Associates Properties	CBL	0.69
AG Mortgage Investment Trust Inc	MITT	0.69
New Media Investment Group Inc	NEWM	0.67
Kkr Real Estate Finance Trus	KREF	0.66
Dynex Capital Inc	DX	0.64
Tcg Bdc Inc	CGBD	0.63
Chatham Lodging Trust	CLDT	0.62
Colony Credit Real Estate Inc - A	CLNC	0.62
Consolidated Communications	CNSL	0.61
Whitestone REIT	WSR	0.61
New Senior Investment Group Inc.	SNR	0.58
Oritani Financial Corp	ORIT	0.56
Preferred Apartment Communities Inc	APTS	0.50
Arlington Asset Investment Corp	AI	0.50
TCP Capital Corp	TCPC	0.49
Global Medical Reit Inc	GMRE	0.47
Golub Capital BDC Inc	GBDC	0.46
Orchid Island Capital Inc	ORC	0.46
Ready Capital Corp	RC	0.41
Western Asset Mortgage Capital Corp	WMC	0.41
Cherry Hill Mortgage Investment Corp	CHMI	0.41
Ares Commercial Real Estate Corp	ACRE	0.40
Ellington Financial LLC (EFC)	EFC	0.38
Gladstone Commercial Corp	GOOD	0.37
Triplepoint Venture Growth BDC Corp	TPVG	0.37
Bain Capital Specialty Finance Inc	BCSF	0.34
Solar Capital Ltd	SLRC	0.34
Jernigan Capital Inc	JCAP	0.34
Newtek Business Services Corp	NEWT	0.33
Corenergy Infrastructure Trust Inc	CORR	0.32
Fifth Street Finance Corp	OCSL	0.28
Anworth Mortgage Asset Corp	ANH	0.27
Goldman Sachs Bdc Closed End Fund	GSBD	0.27
National Cinemedia Inc	NCMI	0.26
BlackRock Kelso Capital Corp	BKCC	0.26
PennantPark Investment Corp	PNNT	0.24
Stellus Capital Investment Corp	SCM	0.24
Fidus Investment Corp	FDUS	0.23
Lsc Communications Inc	LKSD	0.22
Capital Southwest Corp	CSWC	0.22
Exantas Capital Corp	XAN	0.22
Monroe Capital Corp	MRCC	0.20
Gladstone Investment Corp	GAIN	0.20
Horizon Technology Finance Corp	HRZN	0.19
PennantPark Floating Rate Capital Ltd	PFLT	0.17
Qxford Square Capital Corp	OXSQ	0.17
Entravision Communications-a	EVC	0.17
Ashford Hospitality Trust	AHT	0.16
Advanced Emissions Solutions I	ADES	0.16
Gladstone Capital Corp	GLAD	0.16
Falcon Minerals Corp	FLMN	0.14
THL Credit Inc	TCRD	0.13
Cedar Realty Trust Inc	CDR	0.12

Source: Solactive, as of July 19, 2019.

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, pricing or product supplement, dated as of various dates, and the prospectus dated April 29, 2016 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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Important legal and regulatory information:

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