Major Shareholders 

BAY

Name Shares
Held
% Total
Shares Held
Shares
Change
% Chg from
Prior Port
% Total
Assets
Date of
Portfolio
Star Rating
VA CollegeAmerica EuroPacific Gr 529F 21,038,384 2.53 690,000 3.39 2.54 12/31/2014
VA CollegeAmerica Cap World G/I 529E 12,312,929 1.48 0 0.00 2.1 12/31/2014
Dodge & Cox International Stock 9,847,650 1.18 -67,100 -0.68 2.1 12/31/2014
Vanguard Total Intl Stock Index Inv 5,493,386 0.66 157,129 2.94 0.56 12/31/2014
Artisan International Investor 5,236,317 0.63 137,965 2.71 4.01 12/31/2014
VA CollegeAmerica New Perspective 529E 4,685,000 0.56 4,685,000 New 1.21 12/31/2014
VA CollegeAmerica Invmt Co of Amer 529E 4,181,500 0.50 4,181,500 New 0.81 12/31/2014
MFS® International Value A 3,183,895 0.38 34,372 1.09 2.28 11/30/2014
iShares MSCI Germany 3,250,896 0.41 0 0.00 10.38 01/16/2015
Fidelity® Contrafund® 2,865,920 0.35 -170,757 -5.62 0.39 11/30/2014
Fidelity® Diversified International 2,821,162 0.34 -33,500 -1.17 1.71 11/30/2014
Vanguard Developed Markets Idx Admiral 2,753,401 0.33 76,803 2.87 0.83 12/31/2014
MFS® Instl International Equity 2,390,467 0.29 10,284 0.43 4.99 11/30/2014
WisdomTree Europe Hedged Equity ETF 2,012,043 0.26 68,992 3.55 3.63 01/28/2015
CREF Stock 1,894,898 0.23 60,411 3.29 0.22 11/30/2014
Fidelity® Series International Growth 1,833,900 0.22 0 0.00 2.17 11/30/2014
American Funds IS® International 3 1,819,055 0.22 115,000 6.75 3.37 12/31/2014
Vanguard European Stock Index Inv 1,680,238 0.20 -38,679 -2.25 1.36 12/31/2014
iShares MSCI EMU 1,582,842 0.20 -8,010 -0.50 3.2 01/16/2015
T. Rowe Price Overseas Stock 1,501,817 0.18 79,145 5.56 2.19 09/30/2014