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 15	A	Weak or Absent	Up	Up	Up	13.90%
May 14	A	Weak or Absent	Up	Up	Up	15.18%
May 13	A	Weak or Absent	Up	Up	Up	15.76%
May 10	A	Weak or Absent	Up	Up	Up	15.55%
May 9	A	Weak or Absent	Up	Up	Up	15.92%
May 8	A	Weak or Absent	Up	Up	Up	16.96%
May 7	A	Weak or Absent	Up	Up	Up	16.65%
May 6	A	Weak or Absent	Up	Up	Up	16.56%
May 3	A	Weak or Absent	Up	Up	Up	18.08%
May 2	C	Weak or Absent	Up	Flat	Up	19.42%