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 18	D	Weak or Absent	Flat	Down	Down	12.45%
May 17	C	Weak or Absent	Flat	Down	Down	12.11%
May 16	B	Weak or Absent	Flat	Down	Down	12.03%
May 15	C	Weak or Absent	Up	Flat	Down	11.69%
May 12	B	Weak or Absent	Up	Flat	Flat	11.17%
May 11	A	Weak or Absent	Up	Up	Flat	10.37%
May 10	A	Weak or Absent	Up	Up	Flat	10.88%
May 9	B	Weak or Absent	Up	Flat	Flat	11.38%
May 8	B	Weak or Absent	Up	Flat	Flat	11.26%
May 5	B	Weak or Absent	Up	Up	Flat	10.82%