Trend Table for RAYD - The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	A	Strong	Up	Up	Flat	12.44%
May 30	A	Strong	Up	Up	Flat	13.08%
May 29	A	Strong	Up	Up	Flat	12.60%
May 28	A	Strong	Up	Up	Up	12.06%
May 24	A	Strong	Up	Up	Up	12.14%
May 23	A	Strong	Up	Up	Up	13.21%
May 22	A	Strong	Up	Up	Up	13.29%
May 20	A	Strong	Up	Up	Up	12.51%
May 17	A	Strong	Up	Up	Up	13.02%
May 16	A	Weak or Absent	Up	Up	Up	13.33%