phoenix mid cap value fund pathfinder worldwide strategies semiannual report trust name equity december 31 2006 wouldn t you rather have this document e mailed to eligible shareholders can sign up for delivery at phoenixfunds com mutual funds are not insured by the fdic deposits or other obligations of a bank and guaranteed subject investment risks including possible loss principal invested is authorized distribution prospective investors in unless preceded accompanied an effective prospectus which includes information concerning sales charge each s record pertinent 1 message from president dear shareholder we pleased provide six months ended it valuable about your such as performance fee related data portfolio holdings transactions reporting period strive with choice our multi manager approach provides individual access variety managers some they
