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 3	A	Strong	Up	Up	Up	21.70%
Jun 30	A	Strong	Up	Up	Up	21.96%
Jun 29	A	Weak or Absent	Up	Up	Up	21.70%
Jun 28	A	Weak or Absent	Up	Up	Up	23.48%
Jun 27	A	Weak or Absent	Up	Up	Flat	24.26%
Jun 26	A	Weak or Absent	Up	Up	Up	24.26%
Jun 23	A	Weak or Absent	Up	Up	Flat	24.52%
Jun 22	B	Weak or Absent	Up	Flat	Flat	25.57%
Jun 21	A	Weak or Absent	Up	Up	Flat	24.78%
Jun 20	A	Strong	Up	Flat	Flat	25.31%