Phenolic refers to the tip, not the ferrule. You can always swap it out after the fact if you're not happy with how it plays.
I believe pretty much any jump/break cue you buy today would come with a phenolic tip standard.
actually, there are two types of shafts, as he said above. One comes with a white ferrule with a phenolic majic jump tip. The other is a one piece phenolic ferrule/tip combo. They are both made of the same phenolic material. These you can not just swap out