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 1	C	Weak or Absent	Up	Up	Flat	9.05%
Jul 31	B	Strong	Up	Up	Flat	8.13%
Jul 28	B	Strong	Up	Up	Flat	8.36%
Jul 27	B	Strong	Up	Up	Down	9.25%
Jul 26	B	Strong	Up	Up	Flat	8.43%
Jul 25	C	Strong	Up	Up	Flat	8.68%
Jul 24	B	Strong	Up	Up	Flat	8.56%
Jul 21	B	Strong	Up	Up	Flat	8.67%
Jul 20	B	Strong	Up	Up	Flat	9.00%
Jul 19	B	Strong	Up	Up	Up	8.23%