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
Dec 20	A	Strong	Up	Up	Up	4.52%
Dec 19	A	Strong	Up	Up	Up	4.74%
Dec 18	A	Strong	Up	Up	Up	4.92%
Dec 15	A	Strong	Up	Up	Up	4.82%
Dec 14	A	Strong	Up	Up	Up	4.65%
Dec 13	A	Strong	Up	Up	Up	6.06%
Dec 12	A	Strong	Up	Up	Flat	7.52%
Dec 11	A	Strong	Up	Up	Flat	7.93%
Dec 8	A	Strong	Up	Up	Up	7.63%
Dec 7	A	Strong	Up	Up	Up	7.23%