Trend Table for GEMD - Goldman Sachs Access Emerging Markets USD Bond ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	A	Weak or Absent	Up	Up	Flat	2.17%
May 16	A	Weak or Absent	Up	Up	Up	1.94%
May 15	A	Weak or Absent	Up	Up	Up	1.69%
May 14	A	Weak or Absent	Up	Up	Flat	2.80%
May 13	A	Weak or Absent	Up	Up	Up	2.90%
May 10	A	Weak or Absent	Up	Up	Up	3.01%
May 9	A	Weak or Absent	Up	Up	Up	2.82%
May 8	A	Weak or Absent	Up	Up	Up	3.11%
May 7	A	Weak or Absent	Up	Up	Up	2.79%
May 6	A	Weak or Absent	Up	Up	Up	2.88%