Trend Table for HFP - Horizons Active Hybrid Bond and Preferred Share ETF Common

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 25	F	Weak or Absent	N/A	Down	Down	8.30%
May 24	F	Weak or Absent	N/A	Down	Down	7.13%
May 23	F	Weak or Absent	N/A	Down	Flat	6.28%
May 19	F	Weak or Absent	N/A	Down	Down	6.99%
May 18	F	Weak or Absent	N/A	Down	Down	6.99%
May 17	F	Weak or Absent	N/A	Down	Down	6.85%
May 16	F	Weak or Absent	N/A	Down	Down	6.13%
May 15	F	Weak or Absent	N/A	Down	Down	6.28%
May 12	F	Weak or Absent	N/A	Down	Down	6.28%
May 10	F	Weak or Absent	N/A	Down	Down	5.01%