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
04/25/2025 | 08:00 pm
USD 3.99

Current Spot Price USD 4.00
04/25/2025 | 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	-8.34%	-12.33%	-15.29%	-15.70%	-20.02%

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	4.95
Western Un Co	WU	4.34
Noble Corp Plc	NE	4.27
Northern Oil And Gas Inc	NOG	3.86
Carters Inc	CRI	3.82
Organon & Co	OGN	3.77
Armour Residential Reit Inc	ARR	3.74
Park Hotels & Resorts Inc	PK	3.19
Dynex Capital Inc	DX	3.12
Arbor Realty Trust Inc	ABR	3.00
Chemours Co	CC	2.90
Blackstone Mortgage Trust Inc	BXMT	2.30
Apple Hospitality Reit Inc	APLE	2.26
Outfront Media Inc	OUT	2.02
Orchid Island Capital Inc	ORC	1.98
XEROX HOLDINGS CORPORATION	XRX	1.76
Hercules Technology Growth Capital Inc	HTGC	1.64
Innovative Industrial Proper	IIPR	1.64
Delek Us Holdings Inc	DK	1.62
Golub Capital BDC Inc	GBDC	1.61
Uwm Holdings Corp	UWMC	1.61
Artisan Partners Asset Management Inc	APAM	1.59
Bloomin Brands Inc	BLMN	1.48
GUESS? INC	GES	1.43
Rlj Lodging Trust	RLJ	1.31
TWO HARBORS INVESTMENT CORP	TWO	1.22
PennantPark Floating Rate Capital Ltd	PFLT	1.12
Dineequity Inc	DIN	1.11
Invesco Mortgage Capital	IVR	1.10
Easterly Government Properties Inc	DEA	1.08
Tronox Ltd-cl A	TROX	1.07
Ellington Financial LLC (EFC)	EFC	1.03
Ready Capital Corp	RC	0.99
MFA Financial Inc	MFA	0.91
Shutterstock Inc	SSTK	0.89
Capital Southwest Corp	CSWC	0.87
Oaktree Specialty Lending Corp	OCSL	0.85
B&g Foods Inc	BGS	0.84
Global Net Lease Inc	GNL	0.83
Brandywine Realty Trust	BDN	0.80
Prospect Capital Corp	PSEC	0.79
Goldman Sachs Bdc Closed End Fund	GSBD	0.74
Apollo Commercial Real Estat	ARI	0.73
Pennymac Portgage Investment	PMT	0.68
TPG Specialty Lending Inc	TSLX	0.67
Genco Shipping & Trading Ltd	GNK	0.63
Trinity Capital Inc	TRIN	0.63
Chimera Investment Corp	CIM	0.58
MATIV INC	MATV	0.53
Armada Hoffler Properties Inc	AHH	0.52
Diversified Energy Co Plc	DEC	0.48
Deluxe Corp	DLX	0.47
Ladder Capital Corp	LADR	0.42
Gray Television Inc	GTN	0.42
Vitesse Energy Inc	VTS	0.42
Redwood Trust Inc	RWT	0.42
Cto Realty Growth Inc	CTO	0.40
Washington Trust Bancorp	WASH	0.40
Bain Capital Specialty Finance Inc	BCSF	0.39
Piedmont Office Realty Trust Inc	PDM	0.39
Gladstone Commercial Corp	GOOD	0.38
New Mountain Finance Corp	NMFC	0.38
Tpg Re Finance Trust Inc	TRTX	0.38
TCP Capital Corp	TCPC	0.37
Franklin Bsp Realty Trust Inc	FBRT	0.37
Barings Bdc Inc	BBDC	0.37
Ellington Residential Mortgage	EARN	0.35
Fidus Investment Corp	FDUS	0.34
Kkr Real Estate Finance Trus	KREF	0.33
Brightspire Capital Inc	BRSP	0.32
Summit Hotel Properties Inc	INN	0.32
NEW YORK MORTGAGE TRUST INC	NYMT	0.31
Flushing Financial Corp	FFIC	0.30
Tcg Bdc Inc	CGBD	0.29
Acco Brands Corp	ACCO	0.28
Global Medical Reit Inc	GMRE	0.28
Tfs Financial Corp	TFSL	0.28
Community Healthcare Trust Inc	CHCT	0.28
Methode Electronics Inc	MEI	0.25
Solar Capital Ltd	SLRC	0.22
Movado Group Inc	MOV	0.22
Ares Commercial Real Estate Corp	ACRE	0.22
GLADSTONE CAPITAL CORP	GLAD	0.21
The Rmr Group Inc	RMR	0.20
Alexanders Inc	ALX	0.20
Granite Ridge Resources Inc	GRNT	0.19
Chicago Atlantic Real Estate Finance Inc	REFI	0.17
Peakstone Realty Trust	PKST	0.17
Universal Health Realty Income Trust	UHT	0.17
Crescent Capital Bdc Inc.	CCAP	0.17
Midland States Bancorp Inc	MSBI	0.15
RESOURCES CONNECTION INC	RGP	0.14
SUNRISE REALTY TRUST INC	SUNS	0.13
Spok Holdings Inc	SPOK	0.12
Afc Gamma Inc	AFCG	0.11
AG MORTGAGE INVESTMENT TRUST	MITT	0.11
Angel Oak Mortgage Inc	AOMR	0.09
Pangaea Logistics Solutions Ltd	PANL	0.08
First Of Long Island Corp	FLIC	0.07
Nexpoint Credit	NXDT	0.07

Source: Solactive, as of April 25, 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:

The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker dealer. Member of SIPC

For information as to which entity provides the services in each jurisdiction click here.

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 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").

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").