Trend Table for IPAV - Global X Infrastructure Development ex-U.S. ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 27	D	Weak or Absent	N/A	N/A	N/A	0.00%
Sep 18	D	Weak or Absent	N/A	N/A	N/A	2.96%
Sep 17	D	Weak or Absent	N/A	N/A	N/A	2.84%
Sep 10	D	Weak or Absent	N/A	N/A	N/A	5.08%
Sep 4	D	Weak or Absent	N/A	N/A	N/A	4.06%
Aug 30	D	Weak or Absent	N/A	N/A	N/A	2.83%
Aug 29	D	Weak or Absent	N/A	N/A	N/A	2.82%
Aug 28	D	Weak or Absent	N/A	N/A	N/A	2.75%