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
Aug 7	B	Weak or Absent	Up	Flat	Down	11.49%
Aug 4	B	Weak or Absent	Up	Up	Flat	11.15%
Aug 3	C	Weak or Absent	Up	Down	Down	12.59%
Aug 2	B	Weak or Absent	Up	Flat	Down	11.66%
Aug 1	C	Weak or Absent	Up	Up	Flat	10.77%
Jul 31	B	Strong	Up	Up	Flat	9.84%
Jul 28	B	Strong	Up	Up	Flat	10.07%
Jul 27	B	Strong	Up	Up	Down	10.98%
Jul 26	B	Strong	Up	Up	Flat	10.15%
Jul 25	C	Strong	Up	Up	Flat	10.40%