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 2	B	Strong	N/A	Up	Up	10.44%
Dec 1	B	Strong	N/A	Up	Up	10.06%
Nov 30	B	Weak or Absent	N/A	Up	Up	11.71%
Nov 29	A	Weak or Absent	N/A	Up	Up	12.79%
Nov 28	A	Weak or Absent	N/A	Up	Up	13.36%
Nov 25	B	Weak or Absent	N/A	Up	Up	13.05%
Nov 23	B	Weak or Absent	N/A	Up	Up	13.11%
Nov 22	B	Weak or Absent	N/A	Up	Up	13.90%
Nov 21	A	Weak or Absent	N/A	Up	Up	14.89%
Nov 18	A	Weak or Absent	N/A	Up	Up	15.13%