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
Jun 23	A	Strong	Up	Up	Flat	11.26%
Jun 22	A	Strong	Up	Up	Flat	11.37%
Jun 21	A	Strong	Up	Up	Up	11.00%
Jun 20	A	Strong	Up	Up	Flat	11.33%
Jun 16	B	Weak or Absent	Up	Up	Flat	11.41%
Jun 15	B	Weak or Absent	Up	Up	Up	11.10%
Jun 14	B	Weak or Absent	Up	Up	Up	11.52%
Jun 13	B	Weak or Absent	Up	Up	Flat	11.82%
Jun 12	A	Weak or Absent	Up	Up	Up	11.69%
Jun 9	C	Weak or Absent	Up	Flat	Flat	12.18%