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
May 24	D	Weak or Absent	Flat	Down	Down	13.91%
May 23	D	Weak or Absent	Flat	Down	Down	13.70%
May 22	D	Weak or Absent	Flat	Down	Down	13.79%
May 19	D	Weak or Absent	Flat	Down	Down	13.58%
May 18	D	Weak or Absent	Flat	Down	Down	13.68%
May 17	C	Weak or Absent	Flat	Down	Down	13.34%
May 16	B	Weak or Absent	Flat	Down	Down	13.26%
May 15	C	Weak or Absent	Up	Flat	Down	12.91%
May 12	B	Weak or Absent	Up	Flat	Flat	12.39%
May 11	A	Weak or Absent	Up	Up	Flat	11.58%