Trend Table for BSMC - Brandes U.S. Small-Mid Cap Value ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 16	C	Weak or Absent	N/A	Up	Up	5.45%
Jul 15	C	Weak or Absent	N/A	Up	Up	8.00%
Jul 12	C	Weak or Absent	N/A	Up	Up	8.26%
Jul 11	D	Weak or Absent	N/A	Up	Up	9.06%
Jul 10	D	Weak or Absent	N/A	Down	Flat	11.39%
Jul 9	D	Weak or Absent	N/A	Down	Flat	12.27%
Jul 8	D	Weak or Absent	N/A	Down	Flat	11.44%
Jul 5	D	Weak or Absent	N/A	Down	Down	12.62%
Jul 3	D	Weak or Absent	N/A	Down	Down	11.90%
Jul 2	D	Weak or Absent	N/A	Down	Down	11.90%