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
Jan 29	A	Weak or Absent	N/A	Up	Up	11.64%
Jan 26	A	Weak or Absent	N/A	Up	Up	12.10%
Jan 25	A	Weak or Absent	N/A	Up	Up	12.49%
Jan 24	B	Weak or Absent	N/A	Up	Flat	13.53%
Jan 23	A	Weak or Absent	N/A	Up	Up	13.09%
Jan 19	B	Weak or Absent	N/A	Up	Flat	14.05%
Jan 18	B	Weak or Absent	N/A	Up	Down	14.58%
Jan 17	B	Weak or Absent	N/A	Up	Down	15.22%
Jan 16	B	Strong	N/A	Up	Down	14.59%
Jan 12	B	Strong	N/A	Up	Flat	13.38%