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
07/21/2025 | 08:00 pm
USD 4.47

Current Spot Price USD 4.41
07/21/2025 | 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	2.25%	10.19%	-5.80%	-12.00%	-11.69%

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.

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	5.05
Carters Inc	CRI	4.03
Kinetik Holdings Inc	KNTK	3.65
Common stock of Huntsman Corporation	HUN	3.64
Sabra Health Care REIT Inc	SBRA	3.41
Park Hotels & Resorts Inc	PK	3.34
Dynex Capital Inc	DX	3.32
Medical Properties Trust Inc	MPW	3.09
Armour Residential Reit Inc	ARR	3.06
Arbor Realty Trust Inc	ABR	2.86
Apple Hospitality Reit Inc	APLE	2.69
National Storage Affiliates Trust	NSA	2.66
Cogent Communications Holdings Inc	CCOI	2.56
Millrose Properties Inc	MRP	2.11
Orchid Island Capital Inc	ORC	1.97
Broadstone Net Lease Inc	BNL	1.90
Uwm Holdings Corp	UWMC	1.89
Artisan Partners Asset Management Inc	APAM	1.82
Atlas Energy Solutions Inc	AESI	1.81
Blackstone Mortgage Trust Inc	BXMT	1.72
Outfront Media Inc	OUT	1.68
Hercules Technology Growth Capital Inc	HTGC	1.50
Golub Capital BDC Inc	GBDC	1.49
TWO HARBORS INVESTMENT CORP	TWO	1.48
Tronox Ltd-cl A	TROX	1.24
Rlj Lodging Trust	RLJ	1.10
B&g Foods Inc	BGS	1.04
Monro Inc	MNRO	1.03
Innovative Industrial Proper	IIPR	1.02
Global Net Lease Inc	GNL	1.02
Easterly Government Properties Inc	DEA	1.00
MFA Financial Inc	MFA	0.98
Sila Realty Trust Inc	SILA	0.93
Apollo Commercial Real Estat	ARI	0.90
Dineequity Inc	DIN	0.87
Ellington Financial LLC (EFC)	EFC	0.87
Ltc Properties Inc	LTC	0.87
COMPASS TR SHRS	CODI	0.85
TPG Specialty Lending Inc	TSLX	0.84
Capital Southwest Corp	CSWC	0.83
Invesco Mortgage Capital	IVR	0.81
GUESS? INC	GES	0.81
Getty Realty Corp	GTY	0.79
Alexanders Inc	ALX	0.77
Pennymac Portgage Investment	PMT	0.77
Ready Capital Corp	RC	0.75
Brandywine Realty Trust	BDN	0.71
Trinity Capital Inc	TRIN	0.69
Oaktree Specialty Lending Corp	OCSL	0.67
PennantPark Floating Rate Capital Ltd	PFLT	0.65
Vitesse Energy Inc	VTS	0.58
Ladder Capital Corp	LADR	0.56
Goldman Sachs Bdc Closed End Fund	GSBD	0.54
Chimera Investment Corp	CIM	0.53
Armada Hoffler Properties Inc	AHH	0.52
Franklin Bsp Realty Trust Inc	FBRT	0.47
Kkr Real Estate Finance Trus	KREF	0.46
Sinclair Inc	SBGI	0.46
Deluxe Corp	DLX	0.44
Tcg Bdc Inc	CGBD	0.42
Gladstone Commercial Corp	GOOD	0.41
Redwood Trust Inc	RWT	0.41
Shutterstock Inc	SSTK	0.39
Cto Realty Growth Inc	CTO	0.38
Tpg Re Finance Trust Inc	TRTX	0.36
NEW YORK MORTGAGE TRUST INC	NYMT	0.34
Global Medical Reit Inc	GMRE	0.34
New Mountain Finance Corp	NMFC	0.34
Tfs Financial Corp	TFSL	0.32
Curiositystream Inc	CURI	0.31
Washington Trust Bancorp	WASH	0.31
Bain Capital Specialty Finance Inc	BCSF	0.30
Barings Bdc Inc	BBDC	0.29
TCP Capital Corp	TCPC	0.28
Community Healthcare Trust Inc	CHCT	0.27
Fidus Investment Corp	FDUS	0.26
Movado Group Inc	MOV	0.25
Granite Ridge Resources Inc	GRNT	0.25
Crescent Capital Bdc Inc.	CCAP	0.24
Acco Brands Corp	ACCO	0.22
Brightspire Capital Inc	BRSP	0.22
Frontview Reit Ord	FVR	0.22
Flushing Financial Corp	FFIC	0.21
Solar Capital Ltd	SLRC	0.21
Newtek Business Services Corp	NEWT	0.20
Postal Realty Trust Inc	PSTL	0.20
Ares Commercial Real Estate Corp	ACRE	0.17
Spok Holdings Inc	SPOK	0.17
Kearny Financial Corp	KRNY	0.17
GLADSTONE CAPITAL CORP	GLAD	0.17
Midland States Bancorp Inc	MSBI	0.17
Universal Health Realty Income Trust	UHT	0.16
The Rmr Group Inc	RMR	0.14
Saul Centers Inc	BFS	0.14
Peakstone Realty Trust	PKST	0.13
AG MORTGAGE INVESTMENT TRUST	MITT	0.12
Chicago Atlantic Real Estate Finance Inc	REFI	0.10
One Liberty Properties Inc	OLP	0.10
Alpine Income Property Trust Inc	PINE	0.09
Angel Oak Mortgage Inc	AOMR	0.08

Source: Solactive, as of July 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

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