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
May 16	A	Weak or Absent	N/A	Up	Up	6.95%
May 15	A	Weak or Absent	N/A	Up	Up	7.11%
May 14	A	Weak or Absent	N/A	Up	Up	7.51%
May 13	A	Weak or Absent	N/A	Up	Up	8.31%
May 10	A	Weak or Absent	N/A	Up	Up	8.53%
May 9	A	Weak or Absent	N/A	Up	Up	8.13%
May 8	B	Weak or Absent	N/A	Up	Up	8.77%
May 7	C	Weak or Absent	N/A	Up	Up	9.44%
May 6	C	Weak or Absent	N/A	Up	Up	9.74%
May 3	D	Weak or Absent	N/A	Flat	Flat	10.75%