q3 calgary portfolio management trust three months ended december 31 2005 table of contents letter to our stakeholders 2 from the research associates 3 cpmt fund managers 4 5 economic outlook 6 current holdings & transaction summary 12 13 performance 14 sector relative charts 15 attribution analysis 17 statistics 18 financial services travis chernichen 19 energy stavro stathonikos 20 materials sonny kushwaha 21 consumer discretionary jingjing yan 22 industrials rahim jiwani 23 telecommunications marla foat 24 information technology jenna tarasoff 25 utilities 26 staples 27 healthcare ian huston 28 mentorship program 29 recent upcoming events 1 as look back on over past nine we are proud have seen rise record heights during third quarter returned 91 while s&p tsx index re turned 52 resulting in outperformance 39 completed four transactions consisting one purchase and sales at 30 has
