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 2.55 257,282 1.22 2.61 03/31/2015
VA CollegeAmerica Cap World G/I 529E 12,228,176 1.47 -84,753 -0.69 2.23 03/31/2015
Dodge & Cox International Stock 9,847,650 1.18 0 0.00 2.14 03/31/2015
Vanguard Total Intl Stock Index Inv 5,830,272 0.70 136,083 2.39 0.59 03/31/2015
Artisan International Investor 5,538,761 0.66 302,444 5.78 4.28 03/31/2015
WisdomTree Europe Hedged Equity ETF 4,849,028 0.57 0 0.00 3.48 04/24/2015
VA CollegeAmerica New Perspective 529E 4,685,000 0.56 0 0.00 1.26 03/31/2015
iShares MSCI Germany 4,801,032 0.56 11,912 0.25 9.72 04/23/2015
VA CollegeAmerica Invmt Co of Amer 529E 4,181,500 0.50 0 0.00 0.89 03/31/2015
MFS® International Value A 3,230,199 0.39 23,341 0.73 2.08 02/28/2015
Vanguard Developed Markets Idx Admiral 2,833,964 0.34 51,787 1.86 0.87 03/31/2015
Fidelity® Diversified International 2,672,562 0.32 -88,700 -3.21 1.54 02/28/2015
MFS® Instl International Equity 2,125,730 0.26 -181,761 -7.88 4.25 02/28/2015
iShares MSCI EMU 2,141,327 0.25 0 0.00 2.96 04/23/2015
American Funds IS® International 3 1,999,126 0.24 180,071 9.90 4.03 03/31/2015
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 1,804,220 0.22 49,801 2.84 1.44 03/31/2015
CREF Stock 1,561,776 0.19 -126,628 -7.50 0.18 02/28/2015
SPDR® EURO STOXX 50 ETF 1,582,387 0.18 3,180 0.20 4.71 04/23/2015