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
Dec 26	B	Weak or Absent	Up	Up	Up	9.57%
Dec 22	B	Weak or Absent	Up	Up	Up	10.51%
Dec 21	B	Weak or Absent	Up	Up	Up	10.18%
Dec 20	C	Strong	Up	Up	Flat	12.15%
Dec 19	B	Strong	Up	Up	Up	10.26%
Dec 18	B	Weak or Absent	Up	Up	Up	11.06%
Dec 15	B	Weak or Absent	Up	Up	Up	10.87%
Dec 14	B	Weak or Absent	Up	Up	Up	10.07%
Dec 13	B	Weak or Absent	Up	Up	Up	11.36%
Dec 12	B	Weak or Absent	Up	Up	Flat	12.52%