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
Nov 7	B	Strong	Down	Up	Up	12.66%
Nov 6	B	Strong	Down	Flat	Up	12.92%
Nov 3	B	Strong	Down	Up	Up	12.00%
Nov 2	B	Strong	Down	Flat	Up	12.93%
Nov 1	B	Strong	Down	Down	Up	14.35%
Oct 31	B	Strong	Down	Down	Flat	15.51%
Oct 30	B	Strong	Down	Down	Flat	15.53%
Oct 27	D	Strong	Down	Down	Flat	15.75%
Oct 26	D	Strong	Down	Down	Flat	15.84%
Oct 25	D	Strong	Down	Down	Flat	16.22%