Trend Table for BSMC - Brandes U.S. Small-Mid Cap Value ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 24	B	Weak or Absent	N/A	Up	Flat	18.39%
Jan 23	A	Weak or Absent	N/A	Up	Up	17.93%
Jan 19	B	Weak or Absent	N/A	Up	Flat	18.93%
Jan 18	B	Weak or Absent	N/A	Up	Down	19.48%
Jan 17	B	Weak or Absent	N/A	Up	Down	20.15%
Jan 16	B	Strong	N/A	Up	Down	19.49%
Jan 12	B	Strong	N/A	Up	Flat	18.23%
Jan 11	B	Strong	N/A	Up	Down	18.17%
Jan 10	B	Strong	N/A	Up	Flat	17.83%
Jan 9	A	Strong	N/A	Up	Down	18.13%