Trend Table for HAD - Horizons Active Cdn Bond ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	F	Weak or Absent	Down	Down	Down	2.34%
May 30	D	Weak or Absent	Down	Down	Down	2.69%
May 26	D	Weak or Absent	Down	Down	Down	2.69%
May 19	C	Weak or Absent	Down	Down	Down	1.54%
May 9	C	Weak or Absent	Down	Flat	Down	0.63%
May 8	C	Weak or Absent	Down	Up	Flat	0.30%
May 5	C	Weak or Absent	Down	Up	Flat	0.41%
May 4	B	Weak or Absent	Down	Up	Flat	-0.59%
May 2	B	Weak or Absent	Down	Up	Up	-0.70%
May 1	C	Weak or Absent	Down	Up	Flat	0.30%