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 139,139,690 1.76 9,442,447 7.28 1.92 12/31/2015
Vanguard 500 Index Inv 97,529,827 1.23 1,404,832 1.46 2.47 12/31/2015
VA CollegeAmerica WA Mutual 529B 87,637,000 1.11 0 0.00 6.75 12/31/2015
Vanguard Institutional Index I 86,501,015 1.09 715,800 0.83 2.47 12/31/2015
SPDR® S&P 500 ETF 81,409,948 0.99 -508,255 -0.62 2.54 02/02/2016
VA CollegeAmerica Fundamental Invs 529E 63,465,000 0.80 310,000 0.49 4.92 12/31/2015
VA CollegeAmerica Inc Fund of Amer 529E 61,766,639 0.78 325,539 0.53 3.83 12/31/2015
VA CollegeAmerica Amercn Bal 529E 61,250,000 0.77 0 0.00 4.12 12/31/2015
PowerShares QQQ ETF 62,315,149 0.76 1,047,056 1.71 8.75 02/02/2016
VA CollegeAmerica Grth Fund of Amer 529F 44,577,600 0.56 500,000 1.13 1.8 12/31/2015
Fidelity Spartan® 500 Index Inv 39,938,805 0.50 302,086 0.76 2.41 12/31/2015
Dodge & Cox Stock 39,336,600 0.50 -5,099,300 -11.48 3.98 12/31/2015
Vanguard PRIMECAP Inv 38,467,300 0.48 0 0.00 3.99 09/30/2015
Vanguard Wellington™ Inv 37,352,190 0.47 1,289,430 3.58 1.97 09/30/2015
Vanguard Value Index Inv 28,837,683 0.36 1,723,755 6.36 4.25 12/31/2015
T. Rowe Price Growth Stock 27,252,700 0.34 -67,400 -0.25 3.33 12/31/2015
CREF Stock R1 27,354,826 0.34 531,359 1.98 1.27 11/30/2015
Fidelity® Contrafund® 26,239,218 0.33 3,560,800 15.70 1.33 12/31/2015
VA CollegeAmerica New Perspective 529E 23,390,400 0.30 0 0.00 2.27 12/31/2015
Technology Select Sector SPDR® ETF 24,199,681 0.29 289,056 1.21 10.78 02/02/2016