Trend Table for FSMB - First Trust Short Duration Managed Municipal ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	B	Strong	Up	Up	Flat	2.44%
Jan 24	C	Strong	Up	Flat	Flat	2.70%
Jan 23	C	Strong	Up	Flat	Flat	2.70%
Jan 22	C	Strong	Up	Flat	Flat	2.66%
Jan 19	B	Strong	Up	Up	Flat	2.69%
Jan 18	B	Strong	Up	Up	Flat	2.63%
Jan 17	B	Strong	Up	Up	Flat	2.45%
Jan 16	B	Very Strong	Up	Up	Flat	2.35%
Jan 12	B	Very Strong	Up	Up	Flat	2.35%
Jan 11	B	Very Strong	Up	Up	Flat	2.35%