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
May 29	B	Weak or Absent	Up	Down	Down	6.60%
May 28	B	Weak or Absent	Up	Flat	Flat	5.84%
May 27	B	Weak or Absent	Up	Flat	Flat	5.84%
May 24	B	Weak or Absent	Up	Flat	Up	5.46%
May 23	B	Weak or Absent	Up	Up	Up	4.53%
May 22	B	Weak or Absent	Up	Flat	Up	6.03%
May 21	B	Weak or Absent	Up	Up	Up	5.46%
May 20	C	Weak or Absent	Up	Flat	Up	6.41%
May 17	B	Weak or Absent	Up	Flat	Up	6.22%
May 16	B	Weak or Absent	Up	Up	Up	5.65%