Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	B	Strong	Up	Up	Up	21.03%
Dec 15	B	Strong	Up	Up	Up	21.61%
Dec 14	B	Weak or Absent	Up	Up	Up	20.86%
Dec 13	B	Weak or Absent	Up	Up	Up	21.91%
Dec 12	B	Weak or Absent	Up	Up	Up	23.34%
Dec 11	B	Weak or Absent	Up	Up	Up	23.46%
Dec 8	B	Weak or Absent	Up	Up	Up	22.98%
Dec 7	C	Weak or Absent	Up	Up	Flat	24.69%
Dec 6	C	Weak or Absent	Up	Up	Down	25.91%
Dec 5	C	Weak or Absent	Up	Up	Down	25.42%