Major Shareholders 

MSFT

Name Shares
Held
% Total
Shares Held
Shares
Change
% Chg from
Prior Port
% Total
Assets
Date of
Portfolio
Star Rating
Vanguard Total Stock Mkt Idx 147,753,460 1.88 1,792,811 1.23 1.81 05/31/2016
Vanguard 500 Index Inv 101,049,059 1.29 979,897 0.98 2.29 05/31/2016
Vanguard Institutional Index I 88,308,682 1.12 702,526 0.80 2.29 05/31/2016
VA CollegeAmerica WA Mutual 529B 79,023,800 1.00 -8,613,200 -9.83 5.92 03/31/2016
SPDR® S&P 500 ETF 80,468,525 0.96 479,650 0.60 2.21 06/24/2016
VA CollegeAmerica Fundamental Invs 529E 56,741,000 0.72 -6,724,000 -10.59 4.37 03/31/2016
VA CollegeAmerica Inc Fund of Amer 529E 56,543,209 0.72 -5,223,430 -8.46 3.42 03/31/2016
VA CollegeAmerica Amercn Bal 529E 51,320,000 0.65 -9,930,000 -16.21 3.35 03/31/2016
PowerShares QQQ ETF 54,750,203 0.65 -330,360 -0.60 7.86 06/26/2016
VA CollegeAmerica Grth Fund of Amer 529F 44,027,600 0.56 -550,000 -1.23 1.83 03/31/2016
Vanguard PRIMECAP Inv 38,467,300 0.49 0 0.00 4.69 03/31/2016
Fidelity Spartan® 500 Index Inv 40,963,278 0.52 270,166 0.66 2.13 04/30/2016
Vanguard Wellington™ Inv 34,991,913 0.44 -1,314,987 -3.62 2.19 03/31/2016
Dodge & Cox Stock 31,126,700 0.40 -8,209,900 -20.87 3.2 03/31/2016
Fidelity® Contrafund® 34,342,518 0.44 -290,200 -0.84 1.61 04/30/2016
Vanguard Value Index Inv 31,518,466 0.40 872,239 2.85 4.02 05/31/2016
Vanguard Windsor™ II Inv 25,980,215 0.33 302,025 1.18 3.22 03/31/2016
T. Rowe Price Growth Stock 24,120,100 0.31 -3,132,600 -11.49 3.04 03/31/2016
CREF Stock R1 26,373,951 0.34 -63,857 -0.24 1.18 04/30/2016
Technology Select Sector SPDR® ETF 23,794,849 0.28 70,227 0.30 9.66 06/24/2016