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
Dec 30	B	Weak or Absent	Down	Up	Down	13.89%
Dec 29	B	Weak or Absent	Down	Up	Down	13.22%
Dec 28	B	Weak or Absent	Down	Up	Down	14.06%
Dec 27	B	Strong	Down	Up	Down	13.62%
Dec 23	B	Strong	Down	Up	Down	12.50%
Dec 22	B	Strong	Down	Up	Flat	11.67%
Dec 21	B	Strong	Down	Up	Flat	11.16%
Dec 20	B	Strong	Down	Up	Down	12.72%
Dec 19	B	Strong	Down	Up	Down	12.11%
Dec 16	B	Strong	Down	Up	Flat	11.55%