Major Shareholders 

BAY

Name Shares
Held
% Total
Shares Held
Shares
Change
% Chg from
Prior Port
% Total
Assets
Date of
Portfolio
Star Rating
Vanguard Total Intl Stock Index Inv 9,799,653 1.20 132,065 1.37 0.44 01/31/2017
Dodge & Cox International Stock 10,360,950 1.25 2,241,000 27.60 1.99 12/31/2016
VA CollegeAmerica EuroPacific Gr 529F 8,650,500 1.04 764,500 9.69 0.79 12/31/2016
Harbor International Institutional 7,983,856 0.96 3,134,308 64.63 2.41 12/31/2016
VA CollegeAmerica New Perspective 529E 4,016,388 0.48 0 0.00 0.73 12/31/2016
Fidelity® Diversified International 3,798,362 0.46 43,100 1.15 2.16 12/31/2016
Vanguard Developed Markets Idx Admiral 3,516,236 0.43 57,960 1.68 0.54 01/31/2017
T. Rowe Price International Stock 3,185,835 0.38 258,692 8.84 2.26 12/31/2016
iShares MSCI Germany 2,891,564 0.36 0 0.00 7.72 02/23/2017
WisdomTree Europe Hedged Equity ETF 2,345,909 0.29 0 0.00 2.93 02/24/2017
MFS Instl International Equity 2,457,447 0.30 46,680 1.94 3.29 12/31/2016
VA CollegeAmerica Cap World G/I 529E 2,452,000 0.30 1,515,000 161.69 0.33 12/31/2016
MFS International Value A 2,416,003 0.29 -236,768 -8.93 1.04 12/31/2016
Fidelity® Series International Growth 2,418,700 0.29 40,000 1.68 1.91 12/31/2016
T. Rowe Price Overseas Stock 2,372,890 0.29 145,677 6.54 2.06 12/31/2016
Harding Loevner International Eq Instl 2,300,800 0.28 706,600 44.32 3.49 12/31/2016
iShares MSCI Eurozone 1,652,103 0.20 0 0.00 2.37 02/23/2017
Vanguard European Stock Index Inv 1,464,969 0.18 -28,086 -1.88 1.03 01/31/2017
CREF Stock R1 1,443,133 0.17 202,186 16.29 0.13 12/31/2016
MFS Research International A 1,370,386 0.17 133,803 10.82 2.27 12/31/2016