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 17	A	Weak or Absent	Up	Up	Flat	2.98%
May 16	A	Weak or Absent	Up	Up	Up	2.76%
May 15	A	Weak or Absent	Up	Up	Up	2.51%
May 14	A	Weak or Absent	Up	Up	Flat	3.62%
May 13	A	Weak or Absent	Up	Up	Up	3.72%
May 10	A	Weak or Absent	Up	Up	Up	3.84%
May 9	A	Weak or Absent	Up	Up	Up	3.64%
May 8	A	Weak or Absent	Up	Up	Up	3.94%
May 7	A	Weak or Absent	Up	Up	Up	3.61%
May 6	A	Weak or Absent	Up	Up	Up	3.70%