Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	F	Weak or Absent	Down	Down	Down	41.40%
Dec 19	F	Weak or Absent	Down	Down	Down	41.12%
Dec 16	D	Weak or Absent	Down	Down	Down	39.65%
Dec 15	D	Weak or Absent	Down	Down	Down	38.14%
Dec 14	D	Weak or Absent	Down	Flat	Down	35.16%
Dec 13	D	Weak or Absent	Down	Flat	Down	35.10%
Dec 12	D	Weak or Absent	Down	Down	Down	35.42%
Dec 9	F	Weak or Absent	Down	Down	Down	36.28%
Dec 8	C	Weak or Absent	Down	Up	Down	32.13%
Dec 7	C	Weak or Absent	Down	Up	Down	32.37%