Trend Table for GEM - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	A	Strong	Up	Up	Up	-0.21%
May 17	A	Strong	Up	Up	Up	-0.47%
May 16	A	Strong	Up	Up	Up	0.03%
May 15	A	Weak or Absent	Up	Up	Up	0.21%
May 14	A	Weak or Absent	Up	Up	Up	1.05%
May 13	A	Weak or Absent	Up	Up	Up	1.62%
May 10	A	Weak or Absent	Up	Up	Up	2.38%
May 9	A	Weak or Absent	Up	Up	Up	2.63%
May 8	A	Weak or Absent	Up	Up	Up	3.00%
May 7	A	Weak or Absent	Up	Up	Up	2.98%