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
Jul 24	B	Strong	Up	Up	Flat	10.28%
Jul 21	B	Strong	Up	Up	Flat	10.39%
Jul 20	B	Strong	Up	Up	Flat	10.73%
Jul 19	B	Strong	Up	Up	Up	9.94%
Jul 18	B	Strong	Up	Up	Up	9.85%
Jul 17	B	Strong	Up	Up	Up	10.38%
Jul 14	B	Strong	Up	Up	Up	10.51%
Jul 13	B	Strong	Up	Up	Up	9.94%
Jul 12	B	Strong	Up	Up	Up	11.12%
Jul 11	C	Strong	Up	Flat	Flat	12.43%