Trend Table for GDVD - R3 Global Dividend Growth ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	A	Strong	Up	Up	Flat	14.33%
Dec 19	A	Strong	Up	Up	Up	13.15%
Dec 18	A	Strong	Up	Up	Up	13.83%
Dec 15	A	Strong	Up	Up	Up	14.09%
Dec 14	A	Strong	Up	Up	Up	13.20%
Dec 13	B	Strong	Up	Up	Up	14.48%
Dec 12	A	Strong	Up	Up	Up	15.93%
Dec 11	B	Strong	Up	Up	Up	16.19%
Dec 8	B	Strong	Up	Up	Up	16.29%
Dec 7	B	Strong	Up	Up	Flat	16.70%