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
Nov 17	A	Weak or Absent	N/A	Up	Up	15.40%
Nov 16	A	Weak or Absent	N/A	Up	Up	14.34%
Nov 15	B	Weak or Absent	N/A	Up	Up	14.28%
Nov 14	A	Weak or Absent	N/A	Up	Up	16.12%
Nov 11	C	Weak or Absent	N/A	Up	Up	15.17%
Nov 10	C	Weak or Absent	N/A	Up	Up	15.18%
Nov 9	D	Weak or Absent	N/A	Down	Flat	20.50%
Nov 8	C	Weak or Absent	N/A	Flat	Up	18.97%
Nov 7	C	Weak or Absent	N/A	Down	Up	19.94%
Nov 4	C	Weak or Absent	N/A	Down	Up	19.88%