Trend Table for PBDC - Putnam BDC Income ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	B	Strong	Up	Up	Up	10.91%
Dec 15	B	Strong	Up	Up	Up	11.48%
Dec 14	B	Strong	Up	Up	Up	11.12%
Dec 13	A	Weak or Absent	Up	Up	Up	11.65%
Dec 12	A	Weak or Absent	Up	Up	Up	12.08%
Dec 11	A	Weak or Absent	Up	Up	Up	12.98%
Dec 8	A	Weak or Absent	Up	Up	Up	12.76%
Dec 7	A	Weak or Absent	Up	Up	Flat	13.72%
Dec 6	A	Weak or Absent	Up	Up	Flat	14.51%
Dec 5	A	Weak or Absent	Up	Up	Flat	14.24%