investment update 2006 annual report fann intl 9 06 for more information about the icon funds contact us by telephone 1 800 764 0442 mail po box 55452 boston ma 02205 8165 in person 5299 dtc boulevard 12 th floor greenwood village co 80111 on internet www iconadvisers com e info table of contents this unaudited 2 message from 5 management overview and schedule investments 10 asia pacific region fund europe 20 international equity 30 six month hypothetical expense example 41 financial statements 43 highlights 50 notes to 52 independent registered public accounting firm 64 board trustees officers 65 other 68 historical returns all total mentioned account change a s per share price reinvestment any dividends capital gain distributions tax return if your is set up receive cash rather than reinvest them actual may differ these figures performance
