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 17	B	Weak or Absent	Down	Up	Up	43.38%
May 16	B	Weak or Absent	Down	Flat	Flat	45.32%
May 15	C	Weak or Absent	Down	Up	Up	43.64%
May 12	C	Weak or Absent	Down	Flat	Flat	45.22%
May 11	C	Weak or Absent	Down	Flat	Flat	45.11%
May 10	C	Weak or Absent	Down	Flat	Up	44.43%
May 9	C	Weak or Absent	Down	Flat	Up	44.98%
May 8	D	Weak or Absent	Down	Flat	Up	45.03%
May 5	C	Weak or Absent	Down	Flat	Flat	45.25%
May 4	D	Weak or Absent	Down	Down	Down	48.08%