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 17	B	Strong	Up	Up	Up	8.53%
Jul 14	B	Strong	Up	Up	Up	8.66%
Jul 13	B	Strong	Up	Up	Up	8.10%
Jul 12	B	Strong	Up	Up	Up	9.26%
Jul 11	C	Strong	Up	Flat	Flat	10.54%
Jul 10	C	Strong	Up	Flat	Down	11.26%
Jul 7	C	Strong	Up	Down	Down	11.59%
Jul 6	C	Strong	Up	Down	Down	11.46%
Jul 5	C	Strong	Up	Up	Flat	10.06%
Jul 3	B	Strong	Up	Up	Flat	9.56%