Trend Table for ICMB - Investcorp Credit Management BDC, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	F	Weak or Absent	Down	Down	Down	0.68%
Dec 14	F	Weak or Absent	Down	Down	Down	0.68%
Dec 13	C	Weak or Absent	Up	Up	Down	-1.36%
Dec 12	C	Weak or Absent	Flat	Flat	Down	-0.49%
Dec 11	D	Weak or Absent	Flat	Flat	Down	-0.22%
Dec 8	C	Weak or Absent	Up	Up	Down	-1.05%
Dec 7	C	Weak or Absent	Up	Up	Up	-3.19%
Dec 6	B	Weak or Absent	Up	Up	Up	-2.13%
Dec 5	C	Weak or Absent	Up	Up	Up	-3.45%
Dec 4	C	Weak or Absent	Up	Flat	Flat	-1.05%