Trend Table for GEM - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 19	B	Weak or Absent	Up	Up	Up	4.66%
Aug 16	C	Weak or Absent	Up	Up	Up	5.82%
Aug 15	C	Weak or Absent	Up	Up	Up	7.14%
Aug 14	C	Weak or Absent	Up	Flat	Up	8.20%
Aug 13	C	Weak or Absent	Up	Flat	Up	7.80%
Aug 12	C	Weak or Absent	Up	Down	Up	8.73%
Aug 9	C	Weak or Absent	Up	Down	Up	9.23%
Aug 8	C	Strong	Up	Down	Flat	9.74%
Aug 7	C	Strong	Up	Down	Down	11.87%
Aug 6	C	Strong	Up	Down	Down	12.69%