REDWOOD PENSION CLASS
Quarterly Summary of Investment Portfolio
(As at March 31, 2015)
Asset Class Breakdown
Equity
Cash & Cash Equivalents
Bonds
ETFs
Income Trusts
Mutual & Pooled Funds
Total Net Asset Value
% of NAV
41.1
11.6
0.1
10.1
3.6
33.5
100.0
Sector Allocation
Canadian Mutual
Information Technology
Financials
Cash & Cash Equivalents
Canadian ETF
Industrials
US ETF
Consumer Discretionary
Materials
Utilities
Total Net Asset Value
% of NAV
33.5
15.9
12.6
11.6
6.7
3.5
3.4
3.3
3
3
100.0
Geographic Allocation
Canada
United States
Cash & Cash Equivalents
Netherlands
Bermuda
Korea
Germany
Cayman Islands
Total Net Asset Value
% of NAV
62.8
19.2
11.6
2.6
1.1
1.1
0.9
0.7
100.0
Top 25 Holdings
Redwood Global Total Return Bond F
Cash & Cash Equivalents
Redwood Global Macro F
Cash & Cash Equivalents
Purpose Multi-Strategy Market Neutral
Redwood Global Equity Strategy Class
NorthWest International Healthcare
Element Financial Corporation
Syncordia Technologies and Healthcare
Iconix Brand Group Inc.
Capital Power Corporation
Osisko Gold Royalties Ltd.
Cummins Inc.
Apple Inc.
NXP Semiconductors NV
Loyalist Group Ltd. Subs Rcpt
QUALCOMM Inc.
iPath S&P 500 VIX Short-Term Futures ETN
Pizza Pizza Royalty Corp.
Grenville Strategic Royalty Corp.
WisdomTree India Earnings Fund
Revive Therapeutics Ltd.
Invesco ltd.
Sensor Mobility Inc.
Samsung Electronics Co., Ltd. SP GDR
Total Net Asset Value
% of NAV
18.7
11.6
10.3
6.7
4.5
3.6
2.3
2.2
2.1
2
1.9
1.9
1.9
1.7
1.5
1.4
1.4
1.3
1.3
1.3
1.2
1.1
1.1
1.1
1.1
85.2
As at March 31, 2015, 100% of the investments in the fund are long only.
Total Net Asset Value
Total Net Asset Value of the Fund as at March 31, 2015 was $22,989,438.96. The Net Asset Value for each of Series A
and F was $452,663.59 and $20,919.51 respectively.
The summary of investment portfolio may change due to ongoing portfolio transactions of the investment fund. A
quarterly update is available. For more information please call 1-877-313-7011 or visit our website at
www.redwoodasset.com.