Key stats
About ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B
Home page
Inception date
Nov 8, 2018
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
ISIN
US90274E1661
SMHB is a leveraged take on dividend-paying US small-caps. The ETNs 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 notes launch. Among several minor differences, SMHB includes a feature where the notes leverage will reset if the underlying index falls by 20% from the previous month, including intraday.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMHB last dividends amounted to 0.06 USD. The month before, the issuer paid 0.03 USD in dividends, which shows a 46.68% increase.
SMHB assets under management is 23.24 M USD. It's fallen 5.27% over the last month.
SMHB fund flows account for −4.15 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMHB pays dividends to its holders with the dividend yield of 15.45%. The last dividend (Sep 23, 2025) amounted to 0.06 USD. The dividends are paid monthly.
SMHB shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Nov 8, 2018, and its management style is Passive.
SMHB expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
SMHB follows the Solactive US Small Cap High Dividend Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMHB price has fallen by −1.60% over the last month, and its yearly performance shows a −24.44% decrease. See more dynamics on SMHB price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.20% over the last month, showed a 7.26% increase in three-month performance and has decreased by −13.29% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.20% over the last month, showed a 7.26% increase in three-month performance and has decreased by −13.29% in a year.
SMHB trades at a premium (0.49%) meaning the ETF is trading at a higher price than the calculated NAV.