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
Jan 25	C	Strong	Up	Up	Down	6.73%
Jan 19	B	Strong	Up	Up	Down	6.46%
Jan 12	B	Strong	Up	Up	Down	5.68%
Jan 4	B	Strong	Up	Up	Down	6.73%
Jan 2	B	Strong	Up	Up	Down	5.81%
Dec 29	B	Strong	Up	Up	Flat	4.90%
Dec 28	A	Strong	Up	Up	Flat	4.51%
Dec 27	B	Strong	Up	Up	Flat	4.34%
Dec 26	A	Strong	Up	Up	Up	4.31%
Dec 22	A	Strong	Up	Up	Up	4.58%