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 23	A	Weak or Absent	N/A	Up	Up	16.04%
Jan 19	B	Weak or Absent	N/A	Up	Flat	17.02%
Jan 18	B	Weak or Absent	N/A	Up	Down	17.56%
Jan 17	B	Weak or Absent	N/A	Up	Down	18.22%
Jan 16	B	Strong	N/A	Up	Down	17.57%
Jan 12	B	Strong	N/A	Up	Flat	16.33%
Jan 11	B	Strong	N/A	Up	Down	16.27%
Jan 10	B	Strong	N/A	Up	Flat	15.94%
Jan 9	A	Strong	N/A	Up	Down	16.23%
Jan 8	A	Strong	N/A	Up	Flat	15.32%