Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 19	F	Weak or Absent	Down	Down	Down	41.59%
Dec 16	D	Weak or Absent	Down	Down	Down	40.12%
Dec 15	D	Weak or Absent	Down	Down	Down	38.60%
Dec 14	D	Weak or Absent	Down	Flat	Down	35.62%
Dec 13	D	Weak or Absent	Down	Flat	Down	35.55%
Dec 12	D	Weak or Absent	Down	Down	Down	35.88%
Dec 9	F	Weak or Absent	Down	Down	Down	36.73%
Dec 8	C	Weak or Absent	Down	Up	Down	32.57%
Dec 7	C	Weak or Absent	Down	Up	Down	32.82%
Dec 6	C	Weak or Absent	Down	Up	Down	33.32%