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 6	A	Strong	Up	Up	Up	7.22%
Dec 5	A	Strong	Up	Up	Up	7.89%
Dec 4	A	Strong	Up	Up	Up	8.39%
Nov 30	B	Strong	Up	Up	Up	9.45%
Nov 29	A	Strong	Up	Up	Up	8.64%
Nov 28	A	Weak or Absent	Up	Up	Up	9.45%
Nov 27	B	Weak or Absent	Up	Up	Up	9.98%
Nov 24	B	Weak or Absent	Up	Up	Up	10.42%
Nov 22	B	Weak or Absent	Up	Up	Up	10.19%
Nov 21	B	Weak or Absent	Up	Up	Up	10.51%