ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded note issued by UBS AG that provides 2 times leveraged long exposure to the compounded monthly performance of the Solactive US Small Cap High Dividend Index, less investor fees including an annual tracking fee of 0.85% and financing costs; it may pay a variable monthly coupon linked to the leveraged cash distributions of the underlying index constituents, which targets 100 small capitalization U.S.-listed equity securities selected for high forward-looking dividend yields, subject to minimum market capitalization, average trading volume, and dividend payment criteria. The ETN trades on NYSE Arca under the ticker SMHB with CUSIP 90274E166, matures on November 10, 2048, and had an initial trade date of November 8, 2018. SMHB offers investors leveraged access to small-cap high dividend strategies across diversified sectors without direct equity ownership, targeting those seeking enhanced yield potential through monthly compounding and distributions, though exposed to twice the index's volatility and no coupons if underlying constituents withhold payouts. In 2024, UBS AG, the issuer and parent entity headquartered in Zurich, Switzerland, assumed obligations for multiple Credit Suisse-issued ETNs following their merger and rebranded them under the ETRACS platform, including certain covered call products, while electing not to accelerate SMHB in April despite monitoring indicative value triggers; the ETN continues monthly coupon declarations amid stable operations.