-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wolt12aywagD8P5lMuylhb9XI7nFjKSS274p41vwD/uC5MrEwiWfL5riGsxnjmY6 odjnUnFunTAFodoD6Nh95g== 0000935069-04-001998.txt : 20041129 0000935069-04-001998.hdr.sgml : 20041129 20041129152113 ACCESSION NUMBER: 0000935069-04-001998 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 EFFECTIVENESS DATE: 20041129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHOENIX EQUITY TRUST CENTRAL INDEX KEY: 0000034273 IRS NUMBER: 036066130 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00945 FILM NUMBER: 041171301 BUSINESS ADDRESS: STREET 1: 101 MUNSON STEET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800 243-1574 MAIL ADDRESS: STREET 1: 56 PROSPECT STREET STREET 2: PO BOX 150480 CITY: HARTFORD STATE: CT ZIP: 06115-0480 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX ABERDEEN WORLDWIDE OPPORTUNITIES FUND DATE OF NAME CHANGE: 19981215 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX WORLDWIDE OPPORTUNITIES FUND DATE OF NAME CHANGE: 19940505 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL WORLDWIDE OPPORTUNITIES FUND INC DATE OF NAME CHANGE: 19920703 N-Q 1 g14527equitytrust.txt PHOENIX EQUITY TRUST UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-00945 --------------------- Phoenix Equity Trust ------------------------------------------------------------------ (Exact name of registrant as specified in charter) 101 Munson Street Greenfield, MA 01301 ------------------------------------------------------------------ (Address of principal executive offices) (Zip code) Matthew A. Swendiman Counsel & Chief Legal Officer for Registrant Phoenix Life Insurance Company One American Row Hartford, CT 06102 John R. Flores, Esq. Vice President, Litigation/Employment Counsel Phoenix Life Insurance Company One American Row Hartford, CT 06102 ------------------------------------------------------------------ (Name and address of agent for service) Registrant's telephone number, including area code: (800) 243-1574 --------------- Date of fiscal year end: June 30, 2005 -------------- Date of reporting period: September 30, 2004 ------------------- Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS. The Schedule of Investments is attached herewith. PHOENIX EQUITY TRUST GLOSSARY ADR American Depository Receipt GDR Global Depository Receipt Phoenix-Aberdeen Worldwide Opportunities Fund SCHEDULE OF INVESTMENTS AT SEPTEMBER 30, 2004 (UNAUDITED) SHARES VALUE ($) ---------- ------------ DOMESTIC COMMON STOCKS--38.9% UNITED STATES--38.9% Anadarko Petroleum Corp. (Oil & Gas Exploration & Production) 5,800 $ 384,888 ARAMARK Corp. Class B (Diversified Commercial Services) 21,900 528,666 Avnet, Inc. (Technology Distributors)(b) 21,800 373,216 Avocent Corp. (Communications Equipment)(b) 14,200 369,626 Bank of America Corp. (Diversified Banks) 24,400 1,057,252 Brunswick Corp. (Leisure Products) 12,500 572,000 Caesars Entertainment, Inc. (Casinos & Gaming)(b) 38,200 637,940 CenturyTel, Inc. (Integrated Telecommunication Services) 7,000 239,680 Cisco Systems, Inc. (Communications Equipment)(b) 30,900 559,290 Citigroup, Inc. (Other Diversified Financial Services) 10,300 454,436 Clorox Co. (The) (Household Products) 10,200 543,660 Constellation Energy Group, Inc. (Multi-Utilities & Unregulated Power) 11,100 442,224 CVS Corp. (Drug Retail) 19,500 821,535 Deere & Co. (Construction, Farm Machinery & Heavy Trucks) 7,000 451,850 Dell, Inc. (Computer Hardware)(b) 15,700 558,920 DENTSPLY International, Inc. (Health Care Equipment) 15,100 784,294 Du Pont (E.I.) de Nemours & Co. (Diversified Chemicals) 12,400 530,720 EMC Corp. (Computer Storage & Peripherals)(b) 42,600 491,604 Entergy Corp. (Electric Utilities) 7,200 436,392 Exxon Mobil Corp. (Integrated Oil & Gas) 21,700 1,048,761 FedEx Corp. (Air Freight & Couriers) 5,800 497,002 Fiserv, Inc. (Data Processing & Outsourced Services)(b) 35,600 1,241,016 Fisher Scientific International, Inc. (Health Care Equipment)(b) 11,700 682,461 General Electric Capital Corp. (Industrial Conglomerates) 63,800 2,142,404 Harte-Hanks, Inc. (Advertising) 24,000 600,240 SHARES VALUE ($) ---------- ------------ DOMESTIC COMMON STOCKS (continued) UNITED STATES (CONTINUED) Heinz (H.J.) Co. (Packaged Foods & Meats) 12,600 $ 453,852 Hewitt Associates, Inc. Class A (Data Processing & Outsourced Services)(b) 9,600 254,016 Intuit, Inc. (Application Software)(b) 10,300 467,620 J.P. Morgan Chase & Co. (Other Diversified Financial Services) 30,200 1,199,846 Jacobs Engineering Group, Inc. (Construction & Engineering)(b) 11,600 444,164 Johnson & Johnson (Pharmaceuticals) 14,600 822,418 Kellogg Co. (Packaged Foods & Meats) 13,800 588,708 Manor Care, Inc. (Health Care Facilities) 22,100 662,116 Manpower, Inc. (Employment Services) 10,000 444,900 Marriott International, Inc. Class A (Hotels, Resorts & Cruise Lines) 20,200 1,049,592 Mellon Financial Corp. (Asset Management & Custody Banks) 32,700 905,463 Merrill Lynch & Co., Inc. (Investment Banking & Brokerage) 11,100 551,892 Microsoft Corp. (Systems Software) 65,400 1,808,310 Morgan Stanley (Investment Banking & Brokerage) 24,900 1,227,570 NIKE, Inc. Class B (Footwear) 4,700 370,360 Norfolk Southern Corp. (Railroads) 35,400 1,052,796 Patterson-UTI Energy, Inc. (Oil & Gas Drilling) 17,400 331,818 Pfizer, Inc. (Pharmaceuticals) 53,800 1,646,280 Procter & Gamble Co. (The) (Household Products) 15,200 822,624 Robert Half International, Inc. (Employment Services) 11,800 304,086 Ryder System, Inc. (Air Freight & Couriers) 20,400 959,616 SBC Communications, Inc. (Integrated Telecommunication Services) 33,900 879,705 Time Warner, Inc. (Movies & Entertainment)(b) 91,300 1,473,582 U.S. Bancorp (Diversified Banks) 11,200 323,680 Union Pacific Corp. (Railroads) 6,200 363,320 United Technologies Corp. (Aerospace & Defense) 9,400 877,772 Phoenix-Aberdeen Worldwide Opportunities Fund SHARES VALUE ($) ---------- ------------ DOMESTIC COMMON STOCKS (continued) UNITED STATES (CONTINUED) Verizon Communications, Inc. (Integrated Telecommunication Services) 25,900 $ 1,019,942 Wachovia Corp. (Diversified Banks) 18,900 887,355 Walt Disney Co. (The) (Movies & Entertainment) 36,300 818,565 Wells Fargo & Co. (Diversified Banks) 21,200 1,264,156 Willis Group Holdings Ltd. (Insurance Brokers) 6,900 258,060 Wyeth (Pharmaceuticals) 17,900 669,460 Yellow Roadway Corp. (Trucking)(b) 14,700 689,283 Yum! Brands, Inc. (Restaurants) 9,100 370,006 - -------------------------------------------------------------------------------- TOTAL DOMESTIC COMMON STOCKS (IDENTIFIED COST $40,086,138) 42,713,010 - -------------------------------------------------------------------------------- FOREIGN COMMON STOCKS(c)--58.8% BRAZIL--3.8% Petroleo Brasileiro SA ADR (Integrated Oil & Gas) 87,000 2,777,040 Unibanco-Uniao de Bancos Brasileiros SA GDR (Diversified Banks) 57,600 1,395,648 ------------ 4,172,688 ------------ FRANCE--4.8% PSA Peugeot Citroen SA (Automobile Manufacturers) 21,000 1,293,672 Schneider Electric SA (Industrial Machinery) 10,000 646,463 Total SA (Integrated Oil & Gas) 7,525 1,532,758 Valeo SA (Auto Parts & Equipment) 48,300 1,768,471 ------------ 5,241,364 ------------ GERMANY--2.9% Commerzbank AG (Diversified Banks)(b) 37,000 687,934 E.ON AG (Electric Utilities) 13,000 956,654 Metro AG (Department Stores) 35,700 1,587,356 ------------ 3,231,944 ------------ HONG KONG--3.2% China Mobile Ltd. (Wireless Telecommunication Services) 404,000 1,227,845 Giordano International Ltd. (Apparel Retail) 1,400,000 771,988 Swire Pacific Ltd. Class B (Multi-Sector Holdings) 1,250,000 1,506,787 ------------ 3,506,620 ------------ SHARES VALUE ($) ---------- ------------ FOREIGN COMMON STOCKS (continued) INDIA--1.6% ICICI Bank Ltd. ADR (Diversified Banks) 125,000 $ 1,725,000 IRELAND--0.6% Allied Irish Banks plc (Diversified Banks) 40,500 674,539 ITALY--3.4% ENI SpA (Integrated Oil & Gas) 87,166 1,953,021 Riunione Adriatica di Sicurta SpA (Property & Casualty Insurance) 94,000 1,806,098 ------------ 3,759,119 ------------ JAPAN--16.8% Alpine Electronics, Inc. (Household Appliances) 67,600 865,432 Canon, Inc. (Office Electronics) 38,000 1,785,964 Daito Trust Construction Co. Ltd. (Homebuilding) 30,000 1,213,991 Honda Motor Co. Ltd. (Automobile Manufacturers) 24,500 1,187,043 Kao Corp. (Household Products) 65,000 1,436,057 Kyocera Corp. (Office Electronics) 11,500 808,647 Mitsubishi Tokyo Financial Group, Inc. (Diversified Banks) 109 908,869 Nikko Cordial Corp. (Investment Banking & Brokerage) 186,000 754,362 Nippon Television Network Corp. (Broadcasting & Cable TV) 5,800 876,723 NTT DoCoMo, Inc. (Wireless Telecommunication Services) 935 1,586,399 ORIX Corp. (Consumer Finance) 12,200 1,250,828 Seino Transportation Co. Ltd. (Trucking) 171,000 1,528,240 Takeda Chemical Industries Ltd. (Pharmaceuticals) 49,000 2,222,928 Toyota Motor Corp. (Automobile Manufacturers) 37,000 1,416,685 Yamanouchi Pharmaceutical Co. Ltd. (Health Care Supplies) 19,000 613,710 ------------ 18,455,878 ------------ LUXEMBOURG--1.3% Arcelor (Steel) 76,224 1,408,698 MEXICO--1.4% Telefonos de Mexico SA de CV ADR Series L (Integrated Telecommunication Services) 49,000 1,581,230 Phoenix-Aberdeen Worldwide Opportunities Fund SHARES VALUE ($) ---------- ------------ FOREIGN COMMON STOCKS (continued) NETHERLANDS--2.5% ING Groep CVA NV (Other Diversified Financial Services) 57,000 $ 1,438,539 Koninklijke (Royal) KPN NV (Integrated Telecommunication Services) 171,000 1,280,668 ------------ 2,719,207 ------------ SINGAPORE--2.0% Flextronics International Ltd. (Electronic Manufacturing Services)(b) 15,100 200,075 Oversea-Chinese Banking Corp. Ltd. (Diversified Banks) 245,000 2,037,301 ------------ 2,237,376 ------------ SPAIN--1.4% Altadis SA (Tobacco) 44,000 1,497,361 SWEDEN--2.0% Nordea Bank AB (Diversified Banks) 116,000 948,051 Svenska Handelsbanken Class A (Diversified Banks) 58,500 1,225,413 ------------ 2,173,464 ------------ SWITZERLAND--2.6% Novartis AG Registered Shares (Pharmaceuticals) 35,100 1,635,957 Zurich Financial Services AG (Property & Casualty Insurance)(b) 8,600 1,225,915 ------------ 2,861,872 ------------ UNITED KINGDOM--8.1% Britannic Group plc (Property & Casualty Insurance) 115,000 828,237 British American Tobacco plc (Tobacco) 60,000 869,676 BT Group plc (Integrated Telecommunication Services) 183,500 596,868 Cadbury Schweppes plc (Packaged Foods & Meats)(b) 162,000 1,245,883 Centrica plc (Gas Utilities) 279,000 1,267,218 Emap plc (Publishing & Printing) 93,000 1,267,218 SHARES VALUE ($) ---------- ------------ FOREIGN COMMON STOCKS (continued) UNITED KINGDOM (CONTINUED) Marks & Spencer Group plc (Department Stores) 97,000 $ 602,059 Schroders plc (Asset Management & Custody Banks) 60,500 678,219 Weir Group plc (The) (Industrial Machinery) 182,500 930,465 Wood Group (John) plc (Oil & Gas Equipment & Services) 253,000 632,935 ------------ 8,918,778 ------------ UNITED STATES--0.4% ACE Ltd. (Property & Casualty Insurance) 11,700 468,702 - -------------------------------------------------------------------------------- TOTAL FOREIGN COMMON STOCKS (IDENTIFIED COST $56,601,596) 64,633,840 - -------------------------------------------------------------------------------- FOREIGN PREFERRED STOCKS--1.4% SOUTH KOREA--1.4% Samsung Electronics Co. Ltd. Pfd. (Semiconductors) 6,000 1,570,994 - -------------------------------------------------------------------------------- TOTAL FOREIGN PREFERRED STOCKS (IDENTIFIED COST $336,950) 1,570,994 - -------------------------------------------------------------------------------- TOTAL INVESTMENTS--99.1% (IDENTIFIED COST $97,024,684) 108,917,844(a) Other assets and liabilities, net--0.9% 967,130 ------------ NET ASSETS--100.0% $109,884,974 ============ (a) Federal Income Tax Information: Net unrealized appreciation of investment securities is comprised of gross appreciation of $ 15,247,766 and gross depreciation of $ 3,871,417 for federal income tax purposes. At September 30, 2004, the aggregate cost of securities for federal income tax purposes was $97,541,495. (b) Non-income producing. (c) Foreign Common Stocks are determined based on the country in which the security is issued. The country of risk, noted in the header, is determined based on criteria described in Note 1D "Foreign Security Country Determination" in the Notes to Schedule of Investments. See Notes to Schedule of Investments Phoenix-Aberdeen Worldwide Opportunities Fund INDUSTRY DIVERSIFICATION AS A PERCENTAGE OF TOTAL VALUE OF TOTAL LONG-TERM INVESTMENTS (UNAUDITED) Advertising 0.5% Aerospace & Defense 0.8 Air Freight & Couriers 1.3 Apparel Retail 0.7 Application Software 0.4 Asset Management & Custody Banks 1.5 Auto Parts & Equipment 1.6 Automobile Manufacturers 3.6 Broadcasting & Cable TV 0.8 Casinos & Gaming 0.6 Communications Equipment 0.9 Computer Hardware 0.5 Computer Storage & Peripherals 0.5 Construction & Engineering 0.4 Construction, Farm Machinery & Heavy Trucks 0.4 Consumer Finance 1.1 Data Processing & Outsourced Services 1.4 Department Stores 2.0 Diversified Banks 12.1 Diversified Chemicals 0.5 Diversified Commercial Services 0.5 Drug Retail 0.8 Electric Utilities 1.3 Electronic Manufacturing Services 0.2 Employment Services 0.7 Footwear 0.3 Gas Utilities 1.2 Health Care Equipment 1.3 Health Care Facilities 0.6 Health Care Supplies 0.6 Homebuilding 1.1 Hotels, Resorts & Cruise Lines 1.0 Household Appliances 0.8 Household Products 2.6 Industrial Conglomerates 2.0 Industrial Machinery 1.4 Insurance Brokers 0.2 Integrated Oil & Gas 6.7 Integrated Telecommunication Services 5.1 Investment Banking & Brokerage 2.3 Leisure Products 0.5 Movies & Entertainment 2.1 Multi-Sector Holdings 1.4 Multi-Utilities & Unregulated Power 0.4 Office Electronics 2.4 Oil & Gas Drilling 0.3 Oil & Gas Equipment & Services 0.6 Oil & Gas Exploration & Production 0.4 Other Diversified Financial Services 2.8 Packaged Foods & Meats 2.1 Pharmaceuticals 6.4 Property & Casualty Insurance 4.0 Publishing & Printing 1.2 Railroads 1.3 Restaurants 0.3 Semiconductors 1.4 Steel 1.3 Systems Software 1.7 Technology Distributors 0.3 Tobacco 2.2 Trucking 2.0 Wireless Telecommunication Services 2.6 ----- 100.0% ===== PHOENIX EQUITY TRUST NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) SEPTEMBER 30, 2004 NOTE 1--SIGNIFICANT ACCOUNTING POLICIES The following is a summary of significant accounting policies consistently followed by the Trust in the preparation of its Schedule of Investments. The preparation of the Schedule of Investments requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Actual results could differ from those estimates. A. SECURITY VALUATION Equity securities are valued at the official closing price (typically last sale) on the exchange on which the securities are primarily traded, or if no closing price is available, at the last bid price. Debt securities are valued on the basis of broker quotations or valuations provided by a pricing service, which in determining value utilizes information with respect to recent sales, market transactions in comparable securities, quotations from dealers, and various relationships between securities. As required, some securities and assets are valued at fair value as determined in good faith by or under the direction of the Trustees. Certain foreign common stocks may be fair valued in cases where closing prices are not readily available or are deemed not reflective of readily available market prices. For example, significant events (such as movement in the U.S. securities market, or other regional and local developments) may occur between the time that foreign markets close (where the security is principally traded) and the time that the series calculates its net asset value (generally, the close of the NYSE) that may impact the value of securities traded in these foreign markets. In these cases, information from an external vendor may be utilized to adjust closing market prices of certain foreign common stocks to reflect their fair value. Because the frequency of significant events is not predictable, fair valuation of certain foreign common stocks may occur on a frequent basis. Short-term investments having a remaining maturity of 60 days or less are valued at amortized cost, which approximates market. B. SECURITY TRANSACTIONS AND RELATED INCOME Security transactions are recorded on the trade date. Dividend income is recorded on the ex-dividend date, or in the case of certain foreign securities, as soon as the Fund is notified. Interest income is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Realized gains and losses are determined on the identified cost basis. C. FOREIGN CURRENCY TRANSLATION Foreign securities and other assets and liabilities are valued using the foreign currency exchange rate effective at the end of the reporting period. Cost of investments is translated at the currency exchange rate effective at the trade date. D. FOREIGN SECURITY COUNTRY DETERMINATION A combination of the following criteria is used to assign the countries of risk listed in the Schedule of Investments: country of incorporation, actual building address, primary exchange on which the security is traded and country in which the greatest percentage of company revenue is generated. ITEM 2. CONTROLS AND PROCEDURES. (a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). (b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Phoenix Equity Trust - -------------------------------------------------------------------------------- By (Signature and Title)* /s/ Philip R. McLoughlin ------------------------------------------------------- Philip R. McLoughlin, Chairman (principal executive officer) Date November 29, 2004 ---------------------------------------------------------------------------- Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ Philip R. McLoughlin ------------------------------------------------------- Philip R. McLoughlin, Chairman (principal executive officer) Date November 29, 2004 ---------------------------------------------------------------------------- By (Signature and Title)* /s/ Nancy G. Curtiss ------------------------------------------------------- Nancy G. Curtiss, Treasurer (principal financial officer) Date November 29, 2004 ---------------------------------------------------------------------------- * Print the name and title of each signing officer under his or her signature. EX-99.CERT 2 g14527_cert.txt SECTION 302 CERTIFICATION CERTIFICATION PURSUANT TO RULE 30A-2(A) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT I, Philip R. McLoughlin, certify that: 1. I have reviewed this report on Form N-Q of Phoenix Equity Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) [Omitted] (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: November 29, 2004 /s/ Philip R. McLoughlin --------------------------- ------------------------------------------- Philip R. McLoughlin, Chairman (principal executive officer) CERTIFICATION PURSUANT TO RULE 30A-2(A) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT I, Nancy G. Curtiss, certify that: 1. I have reviewed this report on Form N-Q of Phoenix Equity Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) [Omitted] (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: November 29, 2004 /s/ Nancy G. Curtiss --------------------------- ------------------------------------------- Nancy G. Curtiss, Treasurer (principal financial officer) -----END PRIVACY-ENHANCED MESSAGE-----