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 16	B	Strong	Down	Up	Flat	11.73%
Dec 15	B	Strong	Down	Up	Flat	11.03%
Dec 14	B	Strong	Down	Up	Up	10.55%
Dec 13	C	Strong	Down	Up	Up	10.47%
Dec 12	C	Strong	Down	Up	Flat	11.69%
Dec 9	B	Strong	N/A	Up	Flat	11.72%
Dec 8	A	Strong	N/A	Up	Up	11.07%
Dec 7	A	Strong	N/A	Up	Up	10.82%
Dec 6	B	Strong	N/A	Up	Flat	12.49%
Dec 5	A	Strong	N/A	Up	Flat	12.10%