Trend Table for ADEF - Apostle Dundas Global Equity Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	A	Weak or Absent	Up	Up	Up	21.70%
Jul 17	A	Weak or Absent	Up	Up	Flat	23.22%
Jul 14	A	Weak or Absent	Up	Up	Flat	23.48%
Jul 13	A	Weak or Absent	Up	Up	Flat	22.97%
Jul 12	A	Weak or Absent	Up	Up	Flat	22.97%
Jul 11	A	Weak or Absent	Up	Up	Flat	23.22%
Jul 10	B	Weak or Absent	Up	Flat	Down	24.78%
Jul 7	A	Weak or Absent	Up	Up	Flat	23.48%
Jul 6	A	Strong	Up	Up	Flat	23.48%
Jul 5	A	Strong	Up	Up	Flat	23.22%