Trend Table for VFMF - Vanguard U.S. Multifactor ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 14	B	Weak or Absent	Up	Up	Up	5.45%
May 13	A	Weak or Absent	Up	Up	Up	5.75%
May 10	B	Weak or Absent	Up	Up	Up	5.53%
May 9	B	Weak or Absent	Up	Up	Up	5.66%
May 8	C	Weak or Absent	Up	Up	Up	6.66%
May 7	C	Weak or Absent	Up	Up	Up	6.77%
May 6	C	Weak or Absent	Up	Up	Up	6.79%
May 3	C	Weak or Absent	Up	Flat	Up	7.95%
May 2	C	Weak or Absent	Up	Down	Flat	8.70%
May 1	C	Weak or Absent	Up	Down	Down	10.13%