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
Dodge & Cox International Stock 8,119,950 0.98 -79,100 -0.96 1.79 03/31/2016
Vanguard Total Intl Stock Index Inv 8,833,704 1.07 167,013 1.93 0.41 05/31/2016
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 3,288,262 0.40 177,800 5.72 1.82 04/30/2016
WisdomTree Europe Hedged Equity ETF 3,374,629 0.42 -15,520 -0.46 3.08 06/24/2016
iShares MSCI Germany 3,241,069 0.40 145,200 4.69 7.97 06/24/2016
Vanguard Developed Markets Idx Admiral 3,077,585 0.37 -39,506 -1.27 0.49 05/31/2016
MFS International Value A 2,652,771 0.32 -227,185 -7.89 0.98 05/31/2016
iShares MSCI Eurozone 2,438,350 0.30 11,415 0.47 2.37 06/24/2016
T. Rowe Price International Stock 1,916,263 0.23 899,981 88.56 1.55 03/31/2016
MFS Instl International Equity 2,298,809 0.28 1,334 0.06 2.87 05/31/2016
T. Rowe Price Overseas Stock 1,847,980 0.22 231,307 14.31 1.86 03/31/2016
Lazard International Strategic Eq Instl 1,507,537 0.18 461,336 44.10 2.37 03/31/2016
Vanguard European Stock Index Inv 1,797,492 0.22 -19,054 -1.05 0.9 05/31/2016
CREF Stock R1 1,246,064 0.15 -1,384 -0.11 0.13 04/30/2016
VA CollegeAmerica Invmt Co of Amer 529E 1,200,000 0.14 100,000 9.09 0.21 03/31/2016
Oppenheimer Global A 1,169,568 0.14 0 0.00 1.45 04/30/2016