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 19	C	Weak or Absent	N/A	N/A	Down	37.29%
Dec 16	C	Weak or Absent	N/A	N/A	Down	35.51%
Dec 15	D	Strong	N/A	N/A	Down	34.08%
Dec 14	D	Strong	N/A	N/A	Down	33.05%
Dec 12	D	Strong	N/A	N/A	Down	32.92%
Dec 9	D	Strong	N/A	N/A	Down	33.34%
Dec 8	D	Strong	N/A	N/A	Down	33.95%
Dec 7	D	Strong	N/A	N/A	Down	34.33%
Dec 6	D	Strong	N/A	N/A	Down	34.51%
Dec 5	D	Strong	N/A	N/A	Down	31.90%