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 13	C	Weak or Absent	Down	Up	Flat	18.12%
Dec 12	C	Weak or Absent	Down	Up	Down	18.86%
Dec 9	B	Weak or Absent	Down	Up	Flat	18.57%
Dec 8	B	Strong	Down	Up	Up	17.91%
Dec 7	B	Weak or Absent	Down	Up	Flat	18.90%
Dec 6	B	Weak or Absent	Down	Up	Up	18.53%
Dec 5	C	Weak or Absent	Down	Up	Up	18.20%
Dec 2	C	Weak or Absent	Down	Up	Up	17.14%
Dec 1	C	Weak or Absent	Down	Up	Up	17.55%
Nov 30	C	Weak or Absent	Down	Up	Up	16.90%