SMHB

ETRACS 2xMonthly Pay Leveraged U.S. Small Cap High Dividend ETN Series B
*Unless otherwise stated, data provided by FactSet.

SMHB Fund Description

SMHB tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities.

SMHB Factset Analytics Insight

SMHB is a leveraged take on dividend-paying US small-caps. The ETN’s underlying index selects from the 2000 smallest companies on the list of the 3000 largest US stocks. From this pool, 100 small-caps with the highest estimated 12-month forward dividend yield are selected. Holdings are weighted by 3-month average daily dollar volume, with a single security cap of 5%. SMHB applies a 2x leverage factor to this index, reset monthly. This infrequent reset period makes the note suitable for longer holdings periods than a daily-reset product, though investors will still feel the effects of compounding over time. The note pays a monthly coupon equal to twice the yield of the underlying index. SMHB is a replacement (“Series B”) for sibling SMHD, which was still trading but closed for creations as of the note’s launch. Among several minor differences, SMHB includes a feature where the note’s leverage will reset if the underlying index falls by 20% from the previous month, including intraday.

PERFORMANCE [as of 12/01/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMHB -8.61% -5.95% 50.92% 71.92% -8.61% -- --
SMHB (NAV) -14.05% -9.19% 46.61% 62.38% -10.32% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMHB Summary Data

UBS
ETRACS
11/08/18
Exchange-Traded Note
0.85%
$41.06M
0.38%

SMHB Portfolio Data

12.14%
11/10/20

SMHB Index Data

Liquidity
Dividends
N/A

SMHB Fund Structure

Yes
--
-- / --
UBS AG (London Branch)
Low
High
2
Monthly

SMHB Tax Exposures

20.00% / 39.60%
--
No

SMHB Factset Analytics Block Liquidity

As of 12/02/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SMHB. SMHB is rated a N/A out of 5.

SMHB Tradability

25,054
$305.51K
22,579
$284.13K
0.38%
$0.05
-0.10%
1.82% / -1.30%
None
100.00%
50,000
0.45
0.09%
--
0
$10.79
N/A