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
Jul 31	B	Strong	Up	Up	Flat	7.98%
Jul 28	B	Strong	Up	Up	Flat	8.21%
Jul 27	B	Strong	Up	Up	Down	9.10%
Jul 26	B	Strong	Up	Up	Flat	8.29%
Jul 25	C	Strong	Up	Up	Flat	8.53%
Jul 24	B	Strong	Up	Up	Flat	8.42%
Jul 21	B	Strong	Up	Up	Flat	8.53%
Jul 20	B	Strong	Up	Up	Flat	8.86%
Jul 19	B	Strong	Up	Up	Up	8.09%
Jul 18	B	Strong	Up	Up	Up	7.99%