annual report 2006 h&q healthcare investors merrill corp h_q inv funds 09 29 aux jroath 06 nov 03 10 22409 4 aa sequence 1 chksum content 57577 layout 20172 graphics 1065 clean job cycle bl 0 trim 5 375 x 8 as chi composite colors black pantone 286 u note color 2 h_q_pms286_logo eps v1 no 48456 none to our shareholders on september 30 the net asset value nav per share of fund was 17 31 during twelve month period ended total return at your 3 46 most recent six 7 93 investment market 58