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
Feb 20	A	Strong	Up	Up	Flat	23.65%
Feb 16	A	Strong	Up	Up	Flat	23.63%
Feb 15	A	Strong	Up	Up	Up	22.53%
Feb 14	A	Strong	Up	Up	Up	23.23%
Feb 13	A	Strong	Up	Up	Flat	24.57%
Feb 12	A	Strong	Up	Up	Up	22.76%
Feb 9	A	Strong	Up	Up	Up	22.90%
Feb 8	A	Strong	Up	Up	Up	23.70%
Feb 7	A	Strong	Up	Up	Up	23.84%
Feb 6	A	Strong	Up	Up	Up	25.02%