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
01/16/2026 | 06:59 pm
USD 4.45

Current Spot Price USD 4.42
01/16/2026 | 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	5.30%	3.50%	0.97%	-3.12%	-10.78%

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	5.19
Noble Corp Plc	NE	4.80
Civitas Resources Inc	CIVI	4.50
Americold Realty Trust	COLD	4.00
Common stock of Huntsman Corporation	HUN	3.90
Armour Residential Reit Inc	ARR	3.87
Dynex Capital Inc	DX	3.40
Robert Half Intl Inc	RHI	3.28
Kinetik Holdings Inc	KNTK	3.24
Uwm Holdings Corp	UWMC	3.03
Northern Oil And Gas Inc	NOG	2.75
Flowers foods	FLO	2.41
Park Hotels & Resorts Inc	PK	2.31
Fs Kkr Capital Corp	FSK	2.30
Outfront Media Inc	OUT	2.09
FMC	FMC	2.07
Apple Hospitality Reit Inc	APLE	2.06
Orchid Island Capital Inc	ORC	2.05
National Storage Affiliates Trust	NSA	1.99
Cogent Communications Holdings Inc	CCOI	1.66
TWO HARBORS INVESTMENT CORP	TWO	1.61
Blackstone Mortgage Trust Inc	BXMT	1.41
Artisan Partners Asset Management Inc	APAM	1.25
Hercules Technology Growth Capital Inc	HTGC	1.23
Atlas Energy Solutions Inc	AESI	1.16
Arbor Realty Trust Inc	ABR	1.10
Oxford Industries Inc	OXM	1.09
Golub Capital BDC Inc	GBDC	1.07
Bloomin Brands Inc	BLMN	1.07
Monro Inc	MNRO	1.00
Ellington Financial LLC (EFC)	EFC	0.98
Dineequity Inc	DIN	0.92
Rlj Lodging Trust	RLJ	0.92
Rent-a-center Inc	UPBD	0.91
Invesco Mortgage Capital	IVR	0.91
Innovative Industrial Proper	IIPR	0.90
Capital Southwest Corp	CSWC	0.86
MFA Financial Inc	MFA	0.84
Alexanders Inc	ALX	0.79
Global Net Lease Inc	GNL	0.79
Trinity Capital Inc	TRIN	0.75
Easterly Government Properties Inc	DEA	0.66
Pennymac Portgage Investment	PMT	0.65
PennantPark Floating Rate Capital Ltd	PFLT	0.62
B&g Foods Inc	BGS	0.60
TPG Specialty Lending Inc	TSLX	0.60
Getty Realty Corp	GTY	0.58
Apollo Commercial Real Estat	ARI	0.53
Oaktree Specialty Lending Corp	OCSL	0.49
Sinclair Inc	SBGI	0.48
Brandywine Realty Trust	BDN	0.46
Ladder Capital Corp	LADR	0.45
Chimera Investment Corp	CIM	0.44
Sila Realty Trust Inc	SILA	0.44
Goldman Sachs Bdc Closed End Fund	GSBD	0.43
Tcg Bdc Inc	CGBD	0.39
Gray Television Inc	GTN	0.39
GLOBAL MEDICAL REIT INC	GMRE	0.38
Vitesse Energy Inc	VTS	0.38
Redwood Trust Inc	RWT	0.37
American Assets Trust Inc	AAT	0.36
Ready Capital Corp	RC	0.35
Tpg Re Finance Trust Inc	TRTX	0.35
Kkr Real Estate Finance Trus	KREF	0.35
Cto Realty Growth Inc	CTO	0.33
ADAMAS TRUST INC	ADAM	0.33
New Mountain Finance Corp	NMFC	0.32
Gladstone Commercial Corp	GOOD	0.32
Franklin Bsp Realty Trust Inc	FBRT	0.32
Tfs Financial Corp	TFSL	0.30
Washington Trust Bancorp	WASH	0.27
Community Healthcare Trust Inc	CHCT	0.26
Armada Hoffler Properties Inc	AHH	0.26
Bain Capital Specialty Finance Inc	BCSF	0.25
Barings Bdc Inc	BBDC	0.25
Brightspire Capital Inc	BRSP	0.24
TCP Capital Corp	TCPC	0.24
GLADSTONE CAPITAL CORP	GLAD	0.24
Fidus Investment Corp	FDUS	0.23
Newtek Business Services Corp	NEWT	0.20
Solar Capital Ltd	SLRC	0.19
Crescent Capital Bdc Inc.	CCAP	0.19
Movado Group Inc	MOV	0.18
Midland States Bancorp Inc	MSBI	0.17
Universal Health Realty Income Trust	UHT	0.17
Granite Ridge Resources Inc	GRNT	0.14
Acco Brands Corp	ACCO	0.13
Curiositystream Inc	CURI	0.13
Ares Commercial Real Estate Corp	ACRE	0.12
Karat Packaging Inc	KRT	0.12
Saul Centers Inc	BFS	0.12
Spok Holdings Inc	SPOK	0.10
AG MORTGAGE INVESTMENT TRUST	MITT	0.10
The Rmr Group Inc	RMR	0.10
Chicago Atlantic Real Estate Finance Inc	REFI	0.09
One Liberty Properties Inc	OLP	0.09
Angel Oak Mortgage Inc	AOMR	0.08
Alpine Income Property Trust Inc	PINE	0.08
Braemar Hotels & Resorts Inc	BHR	0.07
Evolution Petroleum Corp	EPM	0.05

Source: Solactive, as of January 16, 2026.

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:

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