Trend Table for RAYD - The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 25	A	Weak or Absent	Up	Up	Up	4.50%
Sep 24	A	Weak or Absent	Up	Up	Up	4.53%
Sep 23	A	Weak or Absent	Up	Up	Up	4.70%
Sep 20	A	Weak or Absent	Up	Up	Up	5.11%
Sep 19	A	Weak or Absent	Up	Up	Up	4.94%
Sep 18	A	Weak or Absent	Up	Up	Up	6.33%
Sep 17	B	Weak or Absent	Up	Up	Up	6.53%
Sep 16	B	Weak or Absent	Up	Up	Up	6.35%
Sep 13	B	Weak or Absent	Up	Up	Up	7.09%
Sep 12	B	Weak or Absent	Up	Up	Up	7.74%