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 11,408,566 1.38 -3,350,000 -22.70 1.17 03/31/2016
Vanguard Total Intl Stock Index Inv 8,666,691 1.05 90,885 1.06 0.49 04/30/2016
Dodge & Cox International Stock 8,119,950 0.98 -79,100 -0.96 1.79 03/31/2016
Artisan International Investor 7,001,803 0.85 682,562 10.80 4.83 03/31/2016
VA CollegeAmerica Cap World G/I 529E 3,895,000 0.47 0 0.00 0.59 03/31/2016
VA CollegeAmerica New Perspective 529E 3,816,388 0.46 -58,612 -1.51 0.8 03/31/2016
Fidelity® Diversified International 3,110,462 0.37 0 0.00 1.72 03/31/2016
Vanguard Developed Markets Idx Admiral 3,117,091 0.38 -44,690 -1.41 0.62 04/30/2016
MFS International Value A 2,879,956 0.35 0 0.00 1.32 03/31/2016
WisdomTree Europe Hedged Equity ETF 3,280,540 0.35 -23,835 -0.72 2.69 05/20/2016
iShares MSCI Germany 3,303,127 0.34 0 0.00 7.88 05/19/2016
MFS Instl International Equity 2,289,654 0.28 34,453 1.53 3.54 03/31/2016
iShares MSCI Eurozone 2,431,989 0.25 -17,270 -0.71 2.32 05/19/2016
T. Rowe Price International Stock 1,916,263 0.23 899,981 88.56 1.55 03/31/2016
T. Rowe Price Overseas Stock 1,847,980 0.22 231,307 14.31 1.86 03/31/2016
Vanguard European Stock Index Inv 1,816,546 0.22 5,652 0.31 1.08 04/30/2016
Lazard International Strategic Eq Instl 1,507,537 0.18 461,336 44.10 2.37 03/31/2016
Fidelity® Series International Growth 1,249,100 0.15 -150,000 -10.72 1.2 03/31/2016
CREF Stock R1 1,247,448 0.15 17,360 1.41 0.13 03/31/2016
VA CollegeAmerica Invmt Co of Amer 529E 1,200,000 0.14 100,000 9.09 0.21 03/31/2016