Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	A	Weak or Absent	Up	Up	Flat	11.07%
May 23	B	Weak or Absent	Up	Up	Down	12.17%
May 22	A	Weak or Absent	Up	Up	Up	10.83%
May 21	B	Weak or Absent	Up	Up	Up	10.83%
May 20	B	Weak or Absent	Up	Up	Up	10.63%
May 17	B	Weak or Absent	Up	Up	Up	10.83%
May 16	B	Weak or Absent	Up	Up	Up	10.92%
May 15	B	Weak or Absent	Up	Up	Up	10.43%
May 14	B	Weak or Absent	Up	Up	Up	12.17%
May 13	B	Weak or Absent	Up	Up	Up	12.93%