Trend Table for FSMB - First Trust Short Duration Managed Municipal ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Flat	Flat	2.27%
May 17	B	Weak or Absent	Up	Flat	Flat	2.17%
May 16	B	Weak or Absent	Up	Flat	Flat	2.12%
May 15	B	Weak or Absent	Up	Flat	Flat	2.12%
May 14	B	Weak or Absent	Up	Flat	Flat	2.17%
May 13	C	Weak or Absent	Up	Flat	Flat	2.17%
May 10	C	Weak or Absent	Up	Flat	Flat	2.22%
May 9	C	Weak or Absent	Up	Flat	Flat	2.17%
May 8	C	Weak or Absent	Up	Flat	Flat	2.12%
May 7	C	Weak or Absent	Up	Flat	Flat	2.22%