Trend Table for PBDC - Putnam BDC Income ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	A	Strong	Up	Up	Flat	9.78%
Jan 2	A	Strong	Up	Up	Flat	9.64%
Dec 29	A	Strong	Up	Up	Flat	9.88%
Dec 28	A	Strong	Up	Up	Up	9.08%
Dec 27	A	Strong	Up	Up	Up	9.12%
Dec 26	B	Strong	Up	Up	Up	9.71%
Dec 22	B	Strong	Up	Up	Up	10.41%
Dec 21	B	Strong	Up	Up	Flat	11.13%
Dec 20	A	Strong	Up	Up	Up	10.94%
Dec 19	B	Strong	Up	Up	Up	10.33%