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
01/31/2023 | 07:00 pm
USD 8.36

Current Spot Price USD 8.38
01/31/2023 | 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	15.52%	8.85%	0.45%	-6.72%	2.74%

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
Hanesbrands Inc.	HBI	5.08
Kohl's Corp	KSS	5.06
Cal-maine Foods Inc	CALM	4.55
Sl Green Realty Corp	SLG	3.89
Consol Energy Inc	CEIX	3.43
Jackson Financial Inc	JXN	2.77
Innovative Industrial Proper	IIPR	2.68
Equitrans Midstream Corp	ETRN	2.30
ARMOUR Residential REIT Inc	ARR	2.20
Telephone & Data Sys Inc	TDS	2.15
Outfront Media Inc	OUT	2.11
Physicians Realty Trust	DOC	2.09
Sabra Health Care REIT Inc	SBRA	2.07
Arbor Realty Trust Inc	ABR	2.01
Hudson Pacific Properties Inc	HPP	1.96
Camping World Holdings Inc	CWH	1.86
Highwoods Properties Inc.	HIW	1.80
XEROX HOLDINGS CORPORATION	XRX	1.75
EPR Properties	EPR	1.56
Big Lots	BIG	1.37
Uniti Group Inc	UNIT	1.37
Artisan Partners Asset Management Inc	APAM	1.30
Franchise Group Inc	FRG	1.28
TWO HARBORS INVESTMENT CORP	TWO	1.25
Brandywine Realty Trust	BDN	1.21
Broadstone Net Lease Inc	BNL	1.20
Chimera Investment Corp	CIM	1.17
Easterly Government Properties Inc	DEA	1.17
B. Riley Financial Inc	RILY	1.16
MFA Financial Inc	MFA	1.15
Sitio Royalties Corp	STR	1.09
Pennymac Portgage Investment	PMT	1.08
National Health Investors Inc	NHI	1.07
Genco Shipping & Trading Ltd	GNK	1.06
Dynex Capital Inc	DX	1.05
Hercules Technology Growth Capital Inc	HTGC	0.98
Piedmont Office Realty Trust Inc	PDM	0.96
Apollo Commercial Real Estat	ARI	0.92
Service Properties Trust	SVC	0.92
Eagle Bulk Shipping Inc	EGLE	0.92
Ready Capital Corp	RC	0.86
Main Street Capital Corp	MAIN	0.85
Orchid Island Capital Inc	ORC	0.81
Redwood Trust Inc	RWT	0.79
Invesco Mortgage Capital	IVR	0.78
Ltc Properties Inc	LTC	0.78
Golub Capital BDC Inc	GBDC	0.77
Vector Group Ltd	VGR	0.73
Ellington Financial LLC (EFC)	EFC	0.72
Prospect Capital Corp	PSEC	0.72
Global Net Lease Inc	GNL	0.71
Goldman Sachs Bdc Closed End Fund	GSBD	0.67
MATIV INC	MATV	0.67
New York Mortgage Trust Inc	NYMT	0.61
Ares Commercial Real Estate Corp	ACRE	0.60
Kkr Real Estate Finance Trus	KREF	0.60
Archrock Inc	AROC	0.56
Ladder Capital Corp	LADR	0.56
Trinity Merger Corp	BRMK	0.55
Petmed Express Inc	PETS	0.55
Kinetik Holdings Inc.	KNTK	0.55
TPG Specialty Lending Inc	TSLX	0.53
Global Medical Reit Inc	GMRE	0.50
Healthcare Services Group	HCSG	0.49
Office Properties Income Trust	OPI	0.48
Capital Southwest Corp	CSWC	0.47
Claros Mortgage Trust Inc	CMTG	0.44
Oaktree Specialty Lending Corp	OCSL	0.44
Uwm Holdings Corp	UWMC	0.38
The Neccesity Retail Reit Inc	RTL	0.36
Granite Point Mortgage Trust Inc	GPMT	0.35
New Mountain Finance Corp	NMFC	0.34
Gladstone Commercial Corp	GOOD	0.33
Franklin Bsp Realty Trust Inc	FBRT	0.32
Deluxe Corp	DLX	0.32
Brightspire Capital Inc	BRSP	0.32
Tcg Bdc Inc	CGBD	0.32
Barings Bdc Inc	BBDC	0.30
Trinity Capital Inc	TRIN	0.29
Cto Realty Growth Inc	CTO	0.28
Armada Hoffler Properties Inc	AHH	0.27
Solar Capital Ltd	SLRC	0.25
Tpg Re Finance Trust Inc	TRTX	0.24
Kronos Worldwide Inc	KRO	0.23
Newtek Business Services Corp	NEWT	0.23
Bain Capital Specialty Finance Inc	BCSF	0.21
TCP Capital Corp	TCPC	0.20
Bridge Investment Grp Hds-a	BRDG	0.18
Alexanders Inc	ALX	0.17
PennantPark Floating Rate Capital Ltd	PFLT	0.16
Afc Gamma Inc	AFCG	0.15
Mesabi Trust	MSB	0.13
PennantPark Investment Corp	PNNT	0.13
Gladstone Investment Corp	GAIN	0.12
Fidus Investment Corp	FDUS	0.12
Postal Realty Trust Inc	PSTL	0.12
Evolution Petroleum Corp	EPM	0.11
One Liberty Properties Inc	OLP	0.11
Gladstone Capital Corp	GLAD	0.10
Crescent Capital Bdc Inc.	CCAP	0.09

Source: Solactive, as of January 31, 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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