Trend Table for QEBL - Mackenzie Emerging Mkts Local Cur Bd ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 23	B	Strong	N/A	Up	Up	-2.21%
Dec 21	B	Strong	N/A	Flat	Up	-2.18%
Dec 20	C	Strong	N/A	Flat	Up	-1.58%
Dec 14	D	Strong	N/A	Down	Up	-1.60%
Dec 13	D	Strong	N/A	Down	Up	-1.17%
Dec 6	D	Strong	N/A	Down	Up	-1.88%
Dec 2	D	Strong	N/A	Down	Up	-0.10%
Nov 29	D	Strong	N/A	Down	Up	-0.19%
Nov 22	F	Strong	N/A	Down	Up	2.46%