Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	B	Weak or Absent	Down	Up	Flat	35.87%
May 12	B	Weak or Absent	Down	Up	Flat	35.67%
May 11	B	Weak or Absent	Down	Up	Up	35.47%
May 10	B	Weak or Absent	Down	Up	Up	35.54%
May 9	B	Weak or Absent	Down	Up	Up	36.08%
May 8	B	Weak or Absent	Down	Up	Up	35.26%
May 5	B	Weak or Absent	Down	Up	Up	35.47%
May 4	B	Weak or Absent	Down	Up	Down	38.80%
May 3	C	Weak or Absent	Down	Up	Flat	37.81%
May 2	C	Weak or Absent	Down	Up	Flat	37.67%