Trend Table for JVAL - JPMorgan U.S. Value Factor ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 3	B	Weak or Absent	Up	Flat	Flat	12.44%
May 31	B	Weak or Absent	Up	Up	Flat	12.03%
May 30	C	Weak or Absent	Up	Down	Down	13.55%
May 29	C	Weak or Absent	Up	Down	Down	13.78%
May 28	B	Weak or Absent	Up	Flat	Down	12.47%
May 24	B	Weak or Absent	Up	Up	Down	11.81%
May 23	B	Weak or Absent	Up	Up	Down	12.25%
May 22	A	Weak or Absent	Up	Up	Flat	10.94%
May 21	A	Weak or Absent	Up	Up	Up	10.57%
May 20	B	Weak or Absent	Up	Up	Up	10.41%