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
06/30/2025 | 05:45 pm
USD 4.35

Current Spot Price USD 4.36
06/30/2025 | 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	2.65%	-3.74%	-6.56%	-9.08%	-8.10%

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
Polaris Inc.	PII	5.64
Noble Corp Plc	NE	5.20
Northern Oil And Gas Inc	NOG	4.36
Armour Residential Reit Inc	ARR	3.78
Western Un Co	WU	3.47
Carters Inc	CRI	3.28
Park Hotels & Resorts Inc	PK	3.14
Dynex Capital Inc	DX	3.00
Organon & Co	OGN	2.88
Arbor Realty Trust Inc	ABR	2.74
Chemours Co	CC	2.58
Delek Us Holdings Inc	DK	2.52
Blackstone Mortgage Trust Inc	BXMT	2.28
Apple Hospitality Reit Inc	APLE	2.14
Outfront Media Inc	OUT	2.11
XEROX HOLDINGS CORPORATION	XRX	2.09
Orchid Island Capital Inc	ORC	1.84
Artisan Partners Asset Management Inc	APAM	1.83
Innovative Industrial Proper	IIPR	1.63
Hercules Technology Growth Capital Inc	HTGC	1.62
Golub Capital BDC Inc	GBDC	1.57
Bloomin Brands Inc	BLMN	1.51
Uwm Holdings Corp	UWMC	1.44
GUESS? INC	GES	1.41
Rlj Lodging Trust	RLJ	1.31
Dineequity Inc	DIN	1.28
Invesco Mortgage Capital	IVR	1.14
Easterly Government Properties Inc	DEA	1.13
PennantPark Floating Rate Capital Ltd	PFLT	1.10
TWO HARBORS INVESTMENT CORP	TWO	1.08
Ellington Financial LLC (EFC)	EFC	0.99
Ready Capital Corp	RC	0.95
Shutterstock Inc	SSTK	0.95
Tronox Ltd-cl A	TROX	0.93
Capital Southwest Corp	CSWC	0.91
MFA Financial Inc	MFA	0.87
Brandywine Realty Trust	BDN	0.82
Global Net Lease Inc	GNL	0.80
Oaktree Specialty Lending Corp	OCSL	0.76
Goldman Sachs Bdc Closed End Fund	GSBD	0.75
Apollo Commercial Real Estat	ARI	0.74
TPG Specialty Lending Inc	TSLX	0.74
Pennymac Portgage Investment	PMT	0.69
MATIV INC	MATV	0.66
Prospect Capital Corp	PSEC	0.65
Chimera Investment Corp	CIM	0.65
Genco Shipping & Trading Ltd	GNK	0.62
Trinity Capital Inc	TRIN	0.57
Gray Television Inc	GTN	0.55
Diversified Energy Co Plc	DEC	0.53
Armada Hoffler Properties Inc	AHH	0.51
B&g Foods Inc	BGS	0.50
Deluxe Corp	DLX	0.47
Ladder Capital Corp	LADR	0.43
Vitesse Energy Inc	VTS	0.42
Piedmont Office Realty Trust Inc	PDM	0.40
Redwood Trust Inc	RWT	0.40
Washington Trust Bancorp	WASH	0.39
Summit Hotel Properties Inc	INN	0.39
TCP Capital Corp	TCPC	0.39
Tpg Re Finance Trust Inc	TRTX	0.39
New Mountain Finance Corp	NMFC	0.38
Gladstone Commercial Corp	GOOD	0.37
Cto Realty Growth Inc	CTO	0.37
Methode Electronics Inc	MEI	0.36
Barings Bdc Inc	BBDC	0.36
Bain Capital Specialty Finance Inc	BCSF	0.36
NEW YORK MORTGAGE TRUST INC	NYMT	0.35
Ellington Residential Mortgage	EARN	0.34
Fidus Investment Corp	FDUS	0.34
Brightspire Capital Inc	BRSP	0.33
Franklin Bsp Realty Trust Inc	FBRT	0.33
Kkr Real Estate Finance Trus	KREF	0.32
Flushing Financial Corp	FFIC	0.28
Community Healthcare Trust Inc	CHCT	0.28
Tfs Financial Corp	TFSL	0.27
Ares Commercial Real Estate Corp	ACRE	0.26
Tcg Bdc Inc	CGBD	0.26
Acco Brands Corp	ACCO	0.25
Global Medical Reit Inc	GMRE	0.24
Granite Ridge Resources Inc	GRNT	0.23
Movado Group Inc	MOV	0.23
Alexanders Inc	ALX	0.22
GLADSTONE CAPITAL CORP	GLAD	0.22
The Rmr Group Inc	RMR	0.21
Solar Capital Ltd	SLRC	0.21
Peakstone Realty Trust	PKST	0.18
Universal Health Realty Income Trust	UHT	0.17
Chicago Atlantic Real Estate Finance Inc	REFI	0.16
Crescent Capital Bdc Inc.	CCAP	0.15
Midland States Bancorp Inc	MSBI	0.15
Spok Holdings Inc	SPOK	0.14
RESOURCES CONNECTION INC	RGP	0.14
SUNRISE REALTY TRUST INC	SUNS	0.13
AG MORTGAGE INVESTMENT TRUST	MITT	0.12
Angel Oak Mortgage Inc	AOMR	0.09
Afc Gamma Inc	AFCG	0.09
Pangaea Logistics Solutions Ltd	PANL	0.08
Nexpoint Credit	NXDT	0.08

Source: Solactive, as of June 30, 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

Important legal and regulatory information:

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The information in this section of the website may not be accessed in respect of the United Kingdom by persons who are retail investors. The securities referred to herein are not to be offered, sold or otherwise made available to any retail investor in the United Kingdom and any person who is a retail investor in the United Kingdom 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: a retail client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA"); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA ("UK Prospectus Regulation").