Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 30	B	Weak or Absent	Down	Up	Flat	35.60%
May 26	B	Weak or Absent	Flat	Up	Up	35.40%
May 25	B	Weak or Absent	Down	Up	Down	37.04%
May 24	C	Weak or Absent	Down	Flat	Down	38.45%
May 23	C	Weak or Absent	Down	Up	Flat	36.42%
May 22	B	Weak or Absent	Down	Up	Flat	35.26%
May 19	B	Weak or Absent	Down	Up	Flat	35.26%
May 18	B	Weak or Absent	Down	Up	Flat	35.33%
May 17	C	Weak or Absent	Down	Up	Flat	36.15%
May 16	C	Weak or Absent	Down	Up	Flat	36.84%