Trend Table for VFMO - Vanguard U.S. Momentum Factor 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	8.38%
May 13	C	Weak or Absent	Up	Up	Up	9.30%
May 10	C	Weak or Absent	Up	Up	Up	8.91%
May 9	B	Weak or Absent	Up	Up	Up	8.31%
May 8	C	Weak or Absent	Up	Up	Up	8.96%
May 7	C	Weak or Absent	Up	Up	Up	8.87%
May 6	C	Weak or Absent	Up	Up	Up	8.80%
May 3	C	Weak or Absent	Up	Flat	Up	10.61%
May 2	C	Weak or Absent	Up	Down	Up	12.06%
May 1	C	Weak or Absent	Up	Down	Flat	13.93%