Trend Table for VFMO - Vanguard U.S. Momentum Factor ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 21	A	Weak or Absent	Up	Up	Up	17.25%
May 20	A	Weak or Absent	Up	Up	Up	17.26%
May 17	B	Weak or Absent	Up	Up	Up	18.12%
May 16	B	Weak or Absent	Up	Up	Up	18.16%
May 15	A	Weak or Absent	Up	Up	Up	16.82%
May 14	B	Weak or Absent	Up	Up	Up	19.06%
May 13	C	Weak or Absent	Up	Up	Up	20.08%
May 10	C	Weak or Absent	Up	Up	Up	19.65%
May 9	B	Weak or Absent	Up	Up	Up	18.99%
May 8	C	Weak or Absent	Up	Up	Up	19.70%