```

                                                             OMB APPROVAL
                                                     OMB Number:       3235-0578
                                                     Expires:  January 31, 2016
                                                     Estimated average burden
                                                     hours per response.....
                                                     10.5

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM N-Q

                   QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
    OF REGISTERED MANAGEMENT INVESTMENT COMPANY

  Investment Company Act file number 811-07318

                         Pioneer Pioneer Series Trust VIII
               (Exact name of registrant as specified in charter)

                       60 State Street, Boston, MA 02109
              (Address of principal executive offices) (ZIP code)

            Terrence J. Cullen, Pioneer Investment Management, Inc.,
                       60 State Street, Boston, MA 02109
                    (Name and address of agent for service)

Registrant's telephone number, including area code:  (617) 742-7825

Date of fiscal year end:  November 30

Date of reporting period:  February 28, 2014

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609.  The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.

<PAGE>
ITEM 1. Schedule of Investments.

File the schedules as of the close of the reporting period as set forth in
ss. 210.12-12  12-14 of Regulation S-X [17 CFR 210.12-12  12-14]. The
schedules need not be audited.
```

```

```

|                                                                                                                                                       |                                                                               |   |                        | Pioneer International Value Fund                                                                                                                          |   |                                                             |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------|--------|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|
|                                                                                                                                                       |                                                                               |   |                        | Schedule of Investments 2/28/14                                                                                                                           |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | Shares                                                                             |   |                        |                                                                                                                                                      |   | Value                                                            |
|                                                                                                                                                       |                                                                               |   |                        | COMMON STOCKS - 95.3%                                                                                                                                     |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Energy - 5.5%                                                                                                                                             |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Integrated Oil & Gas - 4.1%                                                                                                                           |   |                                                             |
|                                                                                                                                                       | 268,400                                                                            |   |                        | BG Group Plc                                                                                                                                              | $      | 4,887,896                                                        |
|                                                                                                                                                       | 111,800                                                                            |   |                        | Eni S.p.A.                                                                                                                                                |   | 2,696,979                                                        |
|                                                                                                                                                       | 94,000                                                                             |   |                        | Total SA                                                                                                                                                  |   | 6,101,868                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 13,686,743                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Oil & Gas Exploration & Production - 1.4%                                                                                                         |   |                                                             |
|                                                                                                                                                       | 69,200                                                                             |   |                        | Gulfport Energy Corp. *                                                                                                                                   | $      | 4,574,120                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Energy                                                                                                                                              | $      | 18,260,863                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Materials - 8.4%                                                                                                                                          |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Commodity Chemicals - 0.9%                                                                                                                                |   |                                                             |
|                                                                                                                                                       | 283,900                                                                            |   |                        | Kuraray Co., Ltd.                                                                                                                                         | $      | 3,185,202                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Diversified Chemicals - 2.3%                                                                                                                              |   |                                                             |
|                                                                                                                                                       | 30,800                                                                             |   |                        | BASF SE                                                                                                                                                   | $      | 3,549,274                                                        |
|                                                                                                                                                       | 1,430,400                                                                          |   |                        | Incitec Pivot, Ltd.                                                                                                                                       |   | 4,036,113                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 7,585,387                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Fertilizers & Agricultural Chemicals - 1.6%                                                                                                           |   |                                                             |
|                                                                                                                                                       | 14,300                                                                             |   |                        | Syngenta AG                                                                                                                                               | $      | 5,203,316                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Specialty Chemicals - 1.3%                                                                                                                                |   |                                                             |
|                                                                                                                                                       | 103,800                                                                            |   |                        | Croda International Plc                                                                                                                                   | $      | 4,409,154                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Paper Packaging - 1.5%                                                                                                                                    |   |                                                             |
|                                                                                                                                                       | 535,400                                                                            |   |                        | Amcor, Ltd.                                                                                                                                               | $      | 4,865,620                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Diversified Metals & Mining - 0.8%                                                                                                                    |   |                                                             |
|                                                                                                                                                       | 74,400                                                                             |   |                        | BHP Billiton, Ltd.                                                                                                                                        | $      | 2,562,393                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Materials                                                                                                                                           | $      | 27,811,072                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Capital Goods - 15.6%                                                                                                                                     |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Aerospace & Defense - 1.0%                                                                                                                            |   |                                                             |
|                                                                                                                                                       | 195,800                                                                            |   |                        | Rolls-Royce Holdings Plc                                                                                                                                  | $      | 3,272,388                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Building Products - 1.3%                                                                                                                                  |   |                                                             |
|                                                                                                                                                       | 71,500                                                                             |   |                        | Daikin Industries, Ltd.                                                                                                                                   | $      | 4,120,246                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Electrical Components & Equipment - 3.3%                                                                                                              |   |                                                             |
|                                                                                                                                                       | 819,100                                                                            |   |                        | Hitachi, Ltd.                                                                                                                                             | $      | 6,485,897                                                        |
|                                                                                                                                                       | 63,160                                                                             |   |                        | OSRAM Licht AG *                                                                                                                                          |   | 4,274,056                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 10,759,953                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Heavy Electrical Equipment - 1.0%                                                                                                                         |   |                                                             |
|                                                                                                                                                       | 129,700                                                                            |   |                        | ABB, Ltd.                                                                                                                                                 | $      | 3,313,636                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Industrial Conglomerates - 3.7%                                                                                                                           |   |                                                             |
|                                                                                                                                                       | 538,700                                                                            |   |                        | Keppel Corp., Ltd.                                                                                                                                        | $      | 4,452,581                                                        |
|                                                                                                                                                       | 157,800                                                                            |   |                        | Koninklijke Philips NV                                                                                                                                    |   | 5,522,517                                                        |
|                                                                                                                                                       | 17,600                                                                             |   |                        | Siemens AG                                                                                                                                                |   | 2,352,569                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 12,327,667                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Construction & Farm Machinery & Heavy Trucks - 1.1%                                                                                               |   |                                                             |
|                                                                                                                                                       | 90,600                                                                             |   |                        | Komatsu, Ltd.                                                                                                                                             | $      | 1,901,847                                                        |
|                                                                                                                                                       | 115,000                                                                            |   |                        | Kubota Corp.                                                                                                                                              |   | 1,615,023                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 3,516,870                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Industrial Machinery - 3.0%                                                                                                                               |   |                                                             |
|                                                                                                                                                       | 112,500                                                                            |   |                        | GEA Group AG                                                                                                                                              | $      | 5,455,502                                                        |
|                                                                                                                                                       | 80,600                                                                             |   |                        | Makita Corp.                                                                                                                                              |   | 4,500,849                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 9,956,351                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Trading Companies & Distributors - 1.2%                                                                                                               |   |                                                             |
|                                                                                                                                                       | 327,100                                                                            |   |                        | ITOCHU Corp.                                                                                                                                              | $      | 4,073,593                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Capital Goods                                                                                                                                       | $      | 51,340,704                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Commercial Services & Supplies - 1.0%                                                                                                                 |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Security & Alarm Services - 1.0%                                                                                                                      |   |                                                             |
|                                                                                                                                                       | 575,100                                                                            |   |                        | Prosegur Cia de Seguridad SA                                                                                                                              | $      | 3,376,673                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Commercial Services & Supplies                                                                                                                  | $      | 3,376,673                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Automobiles & Components - 6.4%                                                                                                                       |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Auto Parts & Equipment - 1.2%                                                                                                                         |   |                                                             |
|                                                                                                                                                       | 599,100                                                                            |   |                        | GKN Plc                                                                                                                                                   | $      | 4,067,813                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Tires & Rubber - 2.5%                                                                                                                                 |   |                                                             |
|                                                                                                                                                       | 106,400                                                                            |   |                        | Bridgestone Corp.                                                                                                                                         | $      | 3,849,030                                                        |
|                                                                                                                                                       | 36,000                                                                             |   |                        | Cie Generale des Etablissements Michelin                                                                                                                  |   | 4,396,373                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 8,245,403                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Automobile Manufacturers - 2.7%                                                                                                                           |   |                                                             |
|                                                                                                                                                       | 50,800                                                                             |   |                        | Daimler AG                                                                                                                                                | $      | 4,736,726                                                        |
|                                                                                                                                                       | 115,900                                                                            |   |                        | Honda Motor Co., Ltd.                                                                                                                                     |   | 4,166,471                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 8,903,197                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Automobiles & Components                                                                                                                        | $      | 21,216,413                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Consumer Durables & Apparel - 2.8%                                                                                                                    |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Homebuilding - 1.8%                                                                                                                                       |   |                                                             |
|                                                                                                                                                       | 383,200                                                                            |   |                        | Sekisui Chemical Co., Ltd.                                                                                                                                | $      | 4,387,544                                                        |
|                                                                                                                                                       | 120,800                                                                            |   |                        | West Holdings Corp.                                                                                                                                       |   | 1,429,901                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 5,817,445                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Apparel, Accessories & Luxury Goods - 1.0%                                                                                                            |   |                                                             |
|                                                                                                                                                       | 34,499                                                                             |   |                        | Cie Financiere Richemont SA                                                                                                                               | $      | 3,437,909                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Consumer Durables & Apparel                                                                                                                     | $      | 9,255,354                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Consumer Services - 0.6%                                                                                                                                  |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Restaurants - 0.6%                                                                                                                                        |   |                                                             |
|                                                                                                                                                       | 203,200                                                                            |   |                        | Domino's Pizza Group Plc                                                                                                                                  | $      | 1,903,509                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Consumer Services                                                                                                                                   | $      | 1,903,509                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Retailing - 1.1%                                                                                                                                          |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Apparel Retail - 1.1%                                                                                                                                     |   |                                                             |
|                                                                                                                                                       | 84,200                                                                             |   |                        | Hennes & Mauritz AB                                                                                                                                   | $      | 3,792,310                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Retailing                                                                                                                                           | $      | 3,792,310                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Food & Staples Retailing - 3.4%                                                                                                                       |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Drug Retail - 1.2%                                                                                                                                        |   |                                                             |
|                                                                                                                                                       | 99,700                                                                             |   |                        | Sundrug Co, Ltd.                                                                                                                                          | $      | 4,023,431                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Food Retail - 2.2%                                                                                                                                        |   |                                                             |
|                                                                                                                                                       | 31,500                                                                             |   |                        | Casino Guichard Perrachon SA                                                                                                                              | $      | 3,566,671                                                        |
|                                                                                                                                                       | 201,000                                                                            |   |                        | Koninklijke Ahold NV                                                                                                                                      |   | 3,753,288                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 7,319,959                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Food & Staples Retailing                                                                                                                        | $      | 11,343,390                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Food, Beverage & Tobacco - 3.2%                                                                                                                       |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Soft Drinks - 1.7%                                                                                                                                        |   |                                                             |
|                                                                                                                                                       | 163,000                                                                            |   |                        | Suntory Beverage & Food, Ltd. *                                                                                                                       | $      | 5,747,806                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Packaged Foods & Meats - 1.5%                                                                                                                         |   |                                                             |
|                                                                                                                                                       | 37,400                                                                             |   |                        | Danone SA                                                                                                                                                 | $      | 2,643,560                                                        |
|                                                                                                                                                       | 19,700                                                                             |   |                        | Green Mountain Coffee Roasters, Inc. *                                                                                                                    |   | 2,162,666                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 4,806,226                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Food, Beverage & Tobacco                                                                                                                        | $      | 10,554,032                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Household & Personal Products - 2.4%                                                                                                                  |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Household Products - 2.4%                                                                                                                                 |   |                                                             |
|                                                                                                                                                       | 45,700                                                                             |   |                        | Henkel AG & Co. KGaA                                                                                                                                  | $      | 4,625,352                                                        |
|                                                                                                                                                       | 58,700                                                                             |   |                        | Unicharm Corp.                                                                                                                                            |   | 3,343,272                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 7,968,624                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Household & Personal Products                                                                                                                   | $      | 7,968,624                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Health Care Equipment & Services - 1.0%                                                                                                               |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Health Care Services - 1.0%                                                                                                                               |   |                                                             |
|                                                                                                                                                       | 21,100                                                                             |   |                        | Fresenius SE & Co. KGaA                                                                                                                               | $      | 3,282,177                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Health Care Equipment & Services                                                                                                                | $      | 3,282,177                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Pharmaceuticals, Biotechnology & Life Sciences - 8.4%                                                                                                 |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Pharmaceuticals - 7.4%                                                                                                                                    |   |                                                             |
|                                                                                                                                                       | 89,200                                                                             |   |                        | AstraZeneca Plc                                                                                                                                           | $      | 6,079,012                                                        |
|                                                                                                                                                       | 83,400                                                                             |   |                        | Novartis AG                                                                                                                                               |   | 6,959,772                                                        |
|                                                                                                                                                       | 18,906                                                                             |   |                        | Roche Holding AG                                                                                                                                          |   | 5,829,899                                                        |
|                                                                                                                                                       | 102,200                                                                            |   |                        | Shire Plc                                                                                                                                                 |   | 5,681,194                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 24,549,877                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Life Sciences Tools & Services - 1.0%                                                                                                                 |   |                                                             |
|                                                                                                                                                       | 47,300                                                                             |   |                        | Gerresheimer AG                                                                                                                                           | $      | 3,222,142                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Pharmaceuticals, Biotechnology & Life Sciences                                                                                                  | $      | 27,772,019                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Banks - 10.2%                                                                                                                                             |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Diversified Banks - 10.2%                                                                                                                                 |   |                                                             |
|                                                                                                                                                       | 359,362                                                                            |   |                        | Banco Bilbao Vizcaya Argentaria SA                                                                                                                        | $      | 4,456,093                                                        |
|                                                                                                                                                       | 889,825                                                                            |   |                        | Barclays Plc                                                                                                                                              |   | 3,749,165                                                        |
|                                                                                                                                                       | 71,800                                                                             |   |                        | BNP Paribas SA                                                                                                                                            |   | 5,884,697                                                        |
|                                                                                                                                                       | 1,506,400                                                                          |   |                        | Intesa Sanpaolo S.p.A.                                                                                                                                    |   | 4,663,361                                                        |
|                                                                                                                                                       | 868,400                                                                            |   |                        | Mitsubishi UFJ Financial Group, Inc.                                                                                                                      |   | 5,029,693                                                        |
|                                                                                                                                                       | 341,000                                                                            |   |                        | Nordea Bank AB                                                                                                                                            |   | 4,885,133                                                        |
|                                                                                                                                                       | 111,700                                                                            |   |                        | Sumitomo Mitsui Financial Group, Inc.                                                                                                                     |   | 4,999,814                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 33,667,956                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Total Banks                                                                                                                                               | $      | 33,667,956                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Diversified Financials - 0.8%                                                                                                                             |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Diversified Capital Markets - 0.8%                                                                                                                        |   |                                                             |
|                                                                                                                                                       | 79,905                                                                             |   |                        | Credit Suisse Group AG                                                                                                                                    | $      | 2,513,856                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Diversified Financials                                                                                                                              | $      | 2,513,856                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Insurance - 6.1%                                                                                                                                          |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Insurance Brokers - 1.3%                                                                                                                                  |   |                                                             |
|                                                                                                                                                       | 51,200                                                                             |   |                        | Aon Plc *                                                                                                                                                 | $      | 4,382,720                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Life & Health Insurance - 1.3%                                                                                                                        |   |                                                             |
|                                                                                                                                                       | 330,100                                                                            |   |                        | T&D Holdings, Inc.                                                                                                                                    | $      | 4,061,088                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Multi-line Insurance - 2.5%                                                                                                                               |   |                                                             |
|                                                                                                                                                       | 21,400                                                                             |   |                        | Allianz SE *                                                                                                                                              | $      | 3,833,849                                                        |
|                                                                                                                                                       | 171,200                                                                            |   |                        | AXA SA                                                                                                                                                    |   | 4,469,666                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 8,303,515                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Property & Casualty Insurance - 1.0%                                                                                                                  |   |                                                             |
|                                                                                                                                                       | 33,500                                                                             |   |                        | ACE, Ltd.                                                                                                                                                 | $      | 3,278,645                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Insurance                                                                                                                                           | $      | 20,025,968                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Real Estate - 2.4%                                                                                                                                        |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Diversified REIT's - 1.8%                                                                                                                                 |   |                                                             |
|                                                                                                                                                       | 1,255,972                                                                          |   |                        | Hibernia Real Estate Investment Trust plc *                                                                                                               | $      | 1,871,069                                                        |
|                                                                                                                                                       | 45,100                                                                             |   |                        | Wereldhave NV                                                                                                                                             |   | 3,869,335                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 5,740,404                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Real Estate Operating Companies - 0.6%                                                                                                                    |   |                                                             |
|                                                                                                                                                       | 132,200                                                                            |   |                        | GAGFAH SA *                                                                                                                                               | $      | 2,012,307                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Real Estate                                                                                                                                         | $      | 7,752,711                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Software & Services - 2.0%                                                                                                                            |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | IT Consulting & Other Services - 2.0%                                                                                                                 |   |                                                             |
|                                                                                                                                                       | 1,031,000                                                                          |   |                        | Fujitsu, Ltd.                                                                                                                                             | $      | 6,447,571                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Software & Services                                                                                                                             | $      | 6,447,571                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Technology Hardware & Equipment - 3.3%                                                                                                                |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Electronic Components - 3.3%                                                                                                                              |   |                                                             |
|                                                                                                                                                       | 138,500                                                                            |   |                        | Hoya Corp.                                                                                                                                                | $      | 4,119,558                                                        |
|                                                                                                                                                       | 70,000                                                                             |   |                        | Murata Manufacturing Co., Ltd.                                                                                                                            |   | 6,686,102                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 10,805,660                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Total Technology Hardware & Equipment                                                                                                                 | $      | 10,805,660                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Semiconductors & Semiconductor Equipment - 2.4%                                                                                                       |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Semiconductors - 2.4%                                                                                                                                     |   |                                                             |
|                                                                                                                                                       | 306,000                                                                            |   |                        | MediaTek, Inc.                                                                                                                                            | $      | 4,489,084                                                        |
|                                                                                                                                                       | 91,000                                                                             |   |                        | SK Hynix, Inc.                                                                                                                                            |   | 3,317,081                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 7,806,165                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Semiconductors & Semiconductor Equipment                                                                                                        | $      | 7,806,165                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Telecommunication Services - 7.2%                                                                                                                         |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Alternative Carriers - 1.1%                                                                                                                               |   |                                                             |
|                                                                                                                                                       | 76,000                                                                             |   |                        | Ziggo NV                                                                                                                                                  | $      | 3,480,080                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Integrated Telecommunication Services - 3.8%                                                                                                              |   |                                                             |
|                                                                                                                                                       | 150,400                                                                            |   |                        | Nippon Telegraph & Telephone Corp.                                                                                                                    | $      | 8,444,648                                                        |
|                                                                                                                                                       | 44,186                                                                             |   |                        | Verizon Communications, Inc.                                                                                                                              |   | 2,095,300                                                        |
|                                                                                                                                                       | 44,631                                                                             |   |                        | Verizon Communications, Inc.                                                                                                                              |   | 2,123,543                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 12,663,491                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Wireless Telecommunication Services - 2.3%                                                                                                                |   |                                                             |
|                                                                                                                                                       | 916,418                                                                            |   |                        | Vodafone Group Plc                                                                                                                                        | $      | 3,812,343                                                        |
|                                                                                                                                                       | 92,563                                                                             |   |                        | Vodafone Group Plc (A.D.R.)                                                                                                                               |   | 3,847,844                                                        |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      | $      | 7,660,187                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Telecommunication Services                                                                                                                          | $      | 23,803,758                                                       |
|                                                                                                                                                       |                                                                               |   |                        | Utilities - 1.1%                                                                                                                                          |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Water Utilities - 1.1%                                                                                                                                    |   |                                                             |
|                                                                                                                                                       | 3,333,400                                                                          |   |                        | Guangdong Investment, Ltd.                                                                                                                                | $      | 3,487,593                                                        |
|                                                                                                                                                       |                                                                               |   |                        | Total Utilities                                                                                                                                           | $      | 3,487,593                                                        |
|                                                                                                                                                       |                                                                               |   |                        | TOTAL COMMON STOCKS                                                                                                                                       |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | (Cost $267,150,016)                                                                                                                                       | $      | 314,188,378                                                      |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | TOTAL INVESTMENT IN SECURITIES - 95.3%                                                                                                                    | $      | 314,188,378                                                      |
|                                                                                                                                                       |                                                                               |   |                        | (Cost $267,150,016) (a) (b)                                                                                                                               |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | WRITTEN PUT OPTION - (0.0)% †                                                                                                                       |   |                                                             |
|                                                                                                                                                       |              (33) |   |                        | Green Mountain Coffee Roasters, Inc., 6/21/14 at $110.00                                                                                                  | $      | (36,960)                                                         |
|                                                                                                                                                       |                                                                               |   |                        | TOTAL PURCHASED OPTION                                                                                                                                    |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | (Premiums received $(42,800))                                                                                                                             | $      | (36,960)                                                         |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | OTHER ASSETS & LIABILITIES - 4.7%                                                                                                                     | $      | 15,486,047                                                       |
|                                                                                                                                                       |                                                                               |   |                        | TOTAL NET ASSETS - 100.0%                                                                                                                                 | $      | 329,637,465                                                      |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | (A.D.R.)                                                                           |   | American Depositary Receipt |                                                                                                                                                      |   |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | REIT                                                                               |   |                        | Real Estate Investment Trust.                                                                                                                             |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | †                                                                            |   |                        | Amount rounds to less than (0.1)%.                                                                                                                        |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | *                                                                                  |   |                        | Non-income producing security.                                                                                                                            |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | (a)                                                                                |   |                        | At February 28, 2014, the net unrealized appreciation on investments based on                                                                             |
|                                                                                                                                                       |                                                                               |   |                        | cost for federal income tax purposes of $267,977,598 was as follows:                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Aggregate gross unrealized appreciation for all investments in which                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | there is an excess of value over tax cost                                                                                                                 | $      |          59,558,993 |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Aggregate gross unrealized depreciation for all investments in which                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | there is an excess of tax cost over value                                                                                                                 |   |         (13,348,213)     |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Net unrealized appreciation                                                                                                                               | $      |          46,210,780 |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       | (b)                                                                                |   |                        | Distributions of investments by country of issue (excluding temporary cash investments) as a percentage of total investment in securities, is as follows: |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Japan                                                                                                                                                     |   | 29.4%                                                            |
|                                                                                                                                                       |                                                                               |   |                        | United Kingdom                                                                                                                                            |   | 12.8%                                                            |
|                                                                                                                                                       |                                                                               |   |                        | Germany                                                                                                                                                   |   | 11.2%                                                            |
|                                                                                                                                                       |                                                                               |   |                        | Switzerland                                                                                                                                               |   | 9.7%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | France                                                                                                                                                    |   | 8.6%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Netherlands                                                                                                                                               |   | 5.2%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Australia                                                                                                                                                 |   | 3.6%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | United States                                                                                                                                             |   | 3.4%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Sweden                                                                                                                                                    |   | 2.7%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Ireland                                                                                                                                                   |   | 2.4%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Spain                                                                                                                                                     |   | 2.4%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Italy                                                                                                                                                     |   | 2.3%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Singapore                                                                                                                                                 |   | 1.4%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Taiwan, Province Of China                                                                                                                                 |   | 1.4%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Hong Kong                                                                                                                                                 |   | 1.1%                                                             |
|                                                                                                                                                       |                                                                               |   |                        | Other (individually less than 1%)                                                                                                                         |   | 2.4%                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   | 100.0%                                                           |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
| Various inputs are used in determining the value of the Fund's investments.  These inputs are summarized in the three broad levels listed below. |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
| Level 1 – quoted prices in active markets for identical securities                                                                                   |                                                                               |   |
| Level 2 – other significant observable inputs (Including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| Level 3 – significant unobservable inputs (Including the Fund's own assumptions in determining fair value of investments)                            |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
| Generally, equity securities are categorized as Level 1, fixed income securities and senior loans as Level 2 and securities valued                         |
| using fair value methods (other than prices supplied by independent pricing services) are categorized as Level 3.                                          |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
|                                                                                                                                                       |                                                                               |   |                        |                                                                                                                                                      |   |                                                             |
| The following is a summary of the inputs used as of  February 28, 2014, in valuing the Fund’s investments:                                 |

|                                                                                          |   | Level 1 |       |   | Level 2 |   |        | Level 3 |   |   | Total  |   |
|-----------------------------------------------------------------------------------------------|--------|---------|------------|--------|---------|--------|-------------|---------|--------|--------|--------|--------|
| Common Stocks (U.S.)                                                                          |   | $       | 20,369,538 |   |    | $      | -           |    |   | $      | -      |   |   | $ | 20,369,538 |   |
| Common Stocks (Foreign)*                                                                      |   |    | -          |   |    |   | 293,818,840 |    |   |   | -      |   |   |   | 293,818,840 |   |
| Total                                                                                         |   | $       | 20,369,538 |   |    | $      | 293,818,840 |    |   | $      | -      |   |   | $ | 314,188,378 |   |
| Other Financial Instruments                                                                   |   |    |       |   |    |   |        |    |   |   |   |   |   |   |   |   |
| Purchased Option                                                                              |   | $       | 5,840      |   |    | $      | -           |    |   | $      | -      |   |   | $ | 5,840 |   |
|                                                                                          |   |    |       |   |    |   |        |    |   |   |   |   |   |   |   |   |
| * Level 2 securities are valued by independent pricing services using fair value factors.     |   |    |       |   |    |   |        |    |   |   |   |   |   |
|                                                                                          |   |    |       |   |    |   |        |    |   |   |   |   |   |   |   |   |
| During the period ended February 28, 2014, there were no transfers between Levels 1, 2 and 3. |   |    |       |   |    |   |        |    |   |