Trend Table for GEMD - Goldman Sachs Access Emerging Markets USD Bond ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	A	Weak or Absent	Up	Up	Flat	5.04%
May 23	A	Weak or Absent	Up	Up	Flat	5.30%
May 22	A	Weak or Absent	Up	Up	Flat	4.65%
May 21	A	Weak or Absent	Up	Up	Flat	4.53%
May 20	A	Weak or Absent	Up	Up	Flat	4.65%
May 17	A	Weak or Absent	Up	Up	Flat	4.65%
May 16	A	Weak or Absent	Up	Up	Up	4.42%
May 15	A	Weak or Absent	Up	Up	Up	4.17%
May 14	A	Weak or Absent	Up	Up	Flat	5.30%
May 13	A	Weak or Absent	Up	Up	Up	5.40%