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
07/02/2020 | 08:00 pm
USD 5.01

Current Spot Price USD 5.00
07/02/2020 | 08:00 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	-15.84%	49.39%	-31.00%	-31.97%	-46.16%

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
Targa Resources Corp	TRGP	8.86
Macerich Co/The	MAC	4.36
Helmerich	HP	3.97
Tanger Factory Outlet Center	SKT	3.78
EPR Properties	EPR	3.73
Park Hotels & Resorts Inc	PK	3.58
Chemours Co	CC	3.47
Chimera Investment Corp	CIM	2.93
Plains Gp Holdings Lp	PAGP	2.47
EQUITRANS MIDSTREAM CORP	ETRN	2.40
Antero Midstream Partners Lp	AM	2.37
Redwood Trust Inc	RWT	2.29
Uniti Group Inc	UNIT	2.13
Pennymac Portgage Investment	PMT	2.11
Outfront Media Inc	OUT	2.05
Meredith Corp	MDP	2.05
International Game Technology Plc	IGT	1.88
Pacwest Bancorp	PACW	1.85
B&g Foods Inc	BGS	1.82
Cadence Bancorp	CADE	1.70
Apollo Commercial Real Estat	ARI	1.54
Retail Properties of AME-A	RPAI	1.42
Main Street Capital Corp	MAIN	1.41
Brookfield Property Reit Inc	BPYU	1.30
Arbor Realty Trust Inc	ABR	1.28
Site Centers Corp	SITC	1.19
Cvr Energy Inc	CVI	1.15
Urban Edge Properties	UE	1.11
Prospect Capital Corp	PSEC	1.11
Artisan Partners Asset Management Inc	APAM	1.04
Kontoor Brands Inc	KTB	1.01
Viper Energy Partners Lp	VNOM	1.00
Ladder Capital Corp	LADR	0.97
ARMOUR Residential REIT Inc	ARR	0.92
Geo Group Inc	GEO	0.89
Fs Kkr Capital Corp	FSK	0.86
Hercules Technology Growth Capital Inc	HTGC	0.79
Covanta Holding Corp	CVA	0.79
Golub Capital BDC Inc	GBDC	0.78
New Mountain Finance Corp	NMFC	0.74
Colony Financial Inc	CLNY	0.72
Global Net Lease Inc	GNL	0.72
Newmark Group Inc	NMRK	0.70
Kite Realty Group Trust	KRG	0.70
Tpg Re Finance Trust Inc	TRTX	0.68
Corrections Corporation of America	CXW	0.68
Apollo Investment Corp	AINV	0.68
Bgc Partners Inc-cl A	BGCP	0.59
Trinity Merger Corp	BRMK	0.59
Archrock Inc	AROC	0.57
Kkr Real Estate Finance Trus	KREF	0.57
TPG Specialty Lending Inc	TSLX	0.51
Pitney Bowes Inc	PBI	0.51
Ramco-gershenson Properties	RPT	0.51
Colony Credit Real Estate Inc - A	CLNC	0.49
Ares Commercial Real Estate Corp	ACRE	0.43
Brigham Minerals Inc	MNRL	0.42
Orchid Island Capital Inc	ORC	0.41
Chicos Fas Inc	CHS	0.41
Ready Capital Corp	RC	0.38
Capstead Mortgage Corp	CMO	0.36
Dynex Capital Inc	DX	0.35
Newtek Business Services Corp	NEWT	0.34
Tcg Bdc Inc	CGBD	0.34
American Finance Trust Inc	AFIN	0.32
TCP Capital Corp	TCPC	0.32
Preferred Apartment Communities Inc	APTS	0.31
Triplepoint Venture Growth BDC Corp	TPVG	0.31
Gladstone Commercial Corp	GOOD	0.29
Bain Capital Specialty Finance Inc	BCSF	0.28
Hess Midstream Partners Lp	HESM	0.27
Fifth Street Finance Corp	OCSL	0.27
Goldman Sachs Bdc Closed End Fund	GSBD	0.27
Solar Capital Ltd	SLRC	0.25
Cherry Hill Mortgage Investment Corp	CHMI	0.19
National Cinemedia Inc	NCMI	0.19
Capital Southwest Corp	CSWC	0.18
New Senior Investment Group Inc.	SNR	0.18
PennantPark Floating Rate Capital Ltd	PFLT	0.16
Horizon Technology Finance Corp	HRZN	0.16
Saratoga Investment Corp	SAR	0.15
Anworth Mortgage Asset Corp	ANH	0.15
Bluerock Residential Growth Reit Inc	BRG	0.15
Plymouth Industrial Reit Inc	PLYM	0.14
Gladstone Investment Corp	GAIN	0.14
Gladstone Capital Corp	GLAD	0.13
WhiteHorse Finance Inc	WHF	0.13
Corenergy Infrastructure Trust Inc	CORR	0.13
PennantPark Investment Corp	PNNT	0.13
Retail Value Inc	RVI	0.11
BlackRock Kelso Capital Corp	BKCC	0.11
Falcon Minerals Corp	FLMN	0.10
Fidus Investment Corp	FDUS	0.10
Qxford Square Capital Corp	OXSQ	0.10
Tribune Publishing Inc	TPCO	0.10
Stellus Capital Investment Corp	SCM	0.10
Monroe Capital Corp	MRCC	0.09
Genco Shipping & Trading Ltd	GNK	0.08
One Liberty Properties Inc	OLP	0.08
Advanced Emissions Solutions I	ADES	0.05

Source: Solactive, as of July 03, 2020.

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, along with the applicable prospectus, pricing or product 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 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.

The information in this section of the website may not be accessed in respect of any member state of the European Economic Area ("EEA") by persons who are retail investors. The securities referred to herein are not to be offered, sold or otherwise made available to to any retail investor in the EEA and any person who is a retail investor in the EEA should not act or rely on this information or any of its contents. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of Directive 2002/92/EC (the "Insurance Mediation Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive").

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