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 2.54 690,000 3.39 2.54 12/31/2014
VA CollegeAmerica Cap World G/I 529E 12,312,929 1.49 0 0.00 2.1 12/31/2014
Dodge & Cox International Stock 9,847,650 1.19 -67,100 -0.68 2.1 12/31/2014
Vanguard Total Intl Stock Index Inv 5,694,189 0.69 48,927 0.87 0.57 02/28/2015
Artisan International Investor 5,236,317 0.63 137,965 2.71 4.01 12/31/2014
iShares MSCI Germany 4,431,760 0.56 17,868 0.40 10.04 03/30/2015
VA CollegeAmerica New Perspective 529E 4,685,000 0.57 4,685,000 New 1.21 12/31/2014
WisdomTree Europe Hedged Equity ETF 3,984,322 0.50 9,168 0.23 3.66 03/30/2015
VA CollegeAmerica Invmt Co of Amer 529E 4,181,500 0.51 4,181,500 New 0.81 12/31/2014
MFS® International Value A 3,206,858 0.39 65,369 2.08 2.15 01/31/2015
Vanguard Developed Markets Idx Admiral 2,782,177 0.34 -14,060 -0.50 0.85 02/28/2015
Fidelity® Diversified International 2,672,562 0.32 -88,700 -3.21 1.54 02/28/2015
MFS® Instl International Equity 2,307,491 0.28 -82,976 -3.47 4.77 01/31/2015
iShares MSCI EMU 1,988,495 0.25 9,552 0.48 3.13 03/30/2015
Fidelity® Contrafund® 1,974,559 0.24 -73,400 -3.58 0.26 02/28/2015
Fidelity® Series International Growth 1,858,900 0.22 0 0.00 2.1 02/28/2015
Vanguard European Stock Index Inv 1,754,419 0.21 71,500 4.25 1.39 02/28/2015
American Funds IS® International 3 1,819,055 0.22 115,000 6.75 3.37 12/31/2014
CREF Stock 1,688,404 0.20 6,567 0.39 0.2 01/31/2015
SPDR® EURO STOXX 50 ETF 1,537,969 0.19 15,240 1.00 4.96 03/30/2015