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
Aug 27	A	Weak or Absent	Up	Up	Up	6.50%
Aug 26	A	Weak or Absent	Up	Up	Up	6.99%
Aug 23	A	Weak or Absent	Up	Up	Up	6.59%
Aug 22	A	Weak or Absent	Up	Up	Up	7.71%
Aug 21	A	Weak or Absent	Up	Up	Up	6.99%
Aug 20	B	Weak or Absent	Up	Up	Up	7.53%
Aug 19	B	Weak or Absent	Up	Up	Up	7.81%
Aug 16	B	Weak or Absent	Up	Up	Up	8.39%
Aug 15	C	Weak or Absent	Up	Up	Up	9.16%
Aug 14	C	Strong	Up	Flat	Up	10.42%