CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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AllianzGI Equity & Convertible Income Fund (NIE)

Hybrid / Balanced Funds - Hybrid / Balanced Funds

Data as of Nov. 20, 2018
Current
Market Price $19.34 (- $0.70)
NAV (Nov. 20, 2018) $21.76 (- $0.32)
Premium / Discount -11.12% (-1.88%)
Fund Info
Inception Feb. 22, 2007
Sponsor Allianz Global Investors
Website https://us.allianzgi.c...
Phone 1-800-988-8380
NAV Symbol XNIEX
Objective: Capital appreciation, current income and gains by investing in equity securities and income-producing convertible securities.
Related Indexes
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Hybrid / Balanced Fund Index
All Sector Equity CEF Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 27,708,965
Gross Assets (Reported: July 31, 2018) $670M
Estimated Gross Assets $603M
Net Assets $603M
Market Cap $536M
Purchases Turnover 98.74%
Sales Turnover 108.08%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.06%
Non Lev Exp Ratio 1.06%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -10.37%
Discount Low(3 Yr) -17.44%
Discount High(3 Yr) -3.74%
Discount Rel Range 59.87%
Comp Discount -5.17
Discount St Dev (1Yr) 2.05
Z-Stat
Z-Stat (6mo) -1.02
Z-Stat (1Yr) -0.51
Z-Stat (3Yr) 0.45
Comp Z-Stat (6mo) 0.08
Comp Z-Stat (3Yr) 0.21
Distribution Data
Market Yield 7.86%
Income Yield 0.71%
Lev Adj NAV Yield 6.99%
Distribution Frequency Q
Current Distribution $0.380
Current Income $0.034
Ex-Date 9/14/18
Payable Date 9/28/18
Div Growth (3yr) 0.00%
Dividend Change 35.7% on 9/5/14
Expected Div 12/14/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017 2015 - 2017
Income 100% 92.3%
ST Gains 0% 0%
QDI 31.8% 35.5%
LT Gains 0% 7.7%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $1,928
Avg Volume 30 day 114,471
Avg Volume 90 day 99,679
Volume Trend 14.84%
Comp Volume Trend 20.31%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
86.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
84.0%
Price Correlation (1yr)
vs. CEFA's Hybrid / Balanced Fund Index
89.0%
Most Correlated Peer (Mk Pr): CSQ 91.0%
NAV - Price Correlation (30 d) 87.8%
NAV - Price Correlation (90 d) 98.5%
NAV - Price Correlation (1 Yr) 90.3%
Price St Dev (1Yr) 15.5%
NAV St Dev (1Yr) 14.4%
Earnings
Earnings / Share (7/31/18) $0.059
Earn Coverage 15.42%
Earnings Trend Down
UNII / Share (7/31/18) $-0.078
Rel UNII -57.09
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.95
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.59
NAV Beta (2yr)
vs. CEFA's Hybrid / Balanced Fund Index
1.15

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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