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 21,295,666 2.57 257,282 1.22 2.61 03/31/2015
VA CollegeAmerica Cap World G/I 529E 12,228,176 1.48 -84,753 -0.69 2.23 03/31/2015
Dodge & Cox International Stock 9,847,650 1.19 0 0.00 2.14 03/31/2015
Vanguard Total Intl Stock Index Inv 6,102,703 0.73 272,431 4.67 0.54 04/30/2015
Artisan International Investor 5,538,761 0.67 302,444 5.78 4.28 03/31/2015
WisdomTree Europe Hedged Equity ETF 4,781,984 0.61 50,245 1.06 3.59 05/21/2015
iShares MSCI Germany 4,714,710 0.60 0 0.00 10.01 05/21/2015
VA CollegeAmerica New Perspective 529E 4,685,000 0.57 0 0.00 1.26 03/31/2015
VA CollegeAmerica Invmt Co of Amer 529E 4,181,500 0.51 0 0.00 0.89 03/31/2015
MFS® International Value A 3,439,462 0.42 209,263 6.48 2.19 03/31/2015
Vanguard Developed Markets Idx Admiral 2,928,639 0.35 94,675 3.34 0.81 04/30/2015
Fidelity® Diversified International 2,672,562 0.32 0 0.00 1.58 03/31/2015
iShares MSCI EMU 2,076,087 0.26 0 0.00 3.03 05/21/2015
MFS® Instl International Equity 2,091,691 0.25 -34,039 -1.60 4.25 03/31/2015
American Funds IS® International 3 1,999,126 0.24 180,071 9.90 4.03 03/31/2015
Fidelity® Contrafund® 1,894,159 0.23 -80,400 -4.07 0.25 03/31/2015
Fidelity® Series International Growth 1,858,900 0.23 0 0.00 2.19 03/31/2015
Vanguard European Stock Index Inv 1,861,832 0.22 57,612 3.19 1.34 04/30/2015
SPDR® EURO STOXX 50 ETF 1,616,157 0.21 0 0.00 4.83 05/21/2015
CREF Stock R1 1,543,545 0.19 -18,231 -1.17 0.18 03/31/2015