0001752724-20-106564.txt : 20200528 0001752724-20-106564.hdr.sgml : 20200528 20200528103014 ACCESSION NUMBER: 0001752724-20-106564 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200528 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mirae Asset Discovery Funds CENTRAL INDEX KEY: 0001489215 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22406 FILM NUMBER: 20917993 BUSINESS ADDRESS: STREET 1: 625 MADISON AVENUE STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-205-8300 MAIL ADDRESS: STREET 1: 625 MADISON AVENUE STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 0001489215 S000065277 Mirae Asset Emerging Markets VIT Fund C000211318 Class I Shares NPORT-P 1 primary_doc.xml NPORT-P false 0001489215 XXXXXXXX S000065277 C000211318 Mirae Asset Discovery Funds 811-22406 0001489215 549300UD1B8SO7KOZC53 625 Madison Avenue. 3rd Floor New York 10022 212-205-8300 Mirae Asset Emerging Markets VIT Fund S000065277 549300UVITD6JKQN8912 2020-12-31 2020-03-31 N 2039145.53 56340.09 1982805.44 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 85516.78000000 PHP GBP RUB USD INR ZAR MYR KRW IDR PLN EUR MXN BRL TWD CNY SAR HKD SGD N DETSKIY MIR PAO 25340094SFG83VJ0YP24 DETSKY MIR PJSC N/A 15410.00000000 NS 17830.35000000 0.899248591934 Long EC CORP RU N 2 N N N SBI LIFE INSURANCE COMPANY LIMITED 335800WMVIESQUO95586 SBI LIFE INSURANCE CO LTD N/A 5358.00000000 NS 44744.56000000 2.256628870253 Long EC CORP IN N 2 N N N Li Ning Co Ltd 529900T77L2FV3FZ3U81 LI NING CO LTD N/A 16000.00000000 NS 46423.52000000 2.341304853389 Long EC CORP KY N 2 N N N China Petroleum & Chemical Corporation 529900A2OB24EZ5B3J19 CHINA PETROLEUM & CHEMICAL CORP N/A 62000.00000000 NS 30412.39000000 1.533806060164 Long EC CORP CN N 2 N N N GAIL (INDIA) LIMITED 335800N82LJD42ZA5L32 GAIL INDIA LTD N/A 26746.00000000 NS 26717.07000000 1.347437800049 Long EC CORP IN N 2 N N N Yandex N.V. 549300GGZHJ5Q1B18P93 YANDEX NV N97284108 630.00000000 NS USD 21451.50000000 1.081876192552 Long EC CORP NL N 1 N N N Al Rajhi Banking & Investment Corporation SJSC 558600BQZS4Y1DTU8589 AL RAJHI BANK N/A 1900.00000000 NS 27211.50000000 1.372373680798 Long EC CORP SA N 1 N N N Grupo Financiero Banorte, S.A.B. de C.V. N/A GRUPO FINANCIERO BANORTE SAB DE CV N/A 4500.00000000 NS 12336.51000000 0.622174508458 Long EC CORP MX N 1 N N N AIA Group Limited ZP5ILWVSYE4LJGMMVD57 AIA GROUP LTD. N/A 2800.00000000 NS 25190.46000000 1.270445374610 Long EC CORP HK N 2 N N N RAIA DROGASIL S.A. N/A RAIA DROGASIL SA N/A 1100.00000000 NS 21448.23000000 1.081711274707 Long EC CORP BR N 1 N N N Meituan Dianping 21380033K525E5JLIA77 MEITUAN DIANPING N/A 3100.00000000 NS 37202.82000000 1.876271834315 Long EC CORP KY N 2 N N N LOJAS RENNER S.A. N/A LOJAS RENNER SA N/A 2100.00000000 NS 13585.55000000 0.685168081846 Long EC CORP BR N 1 N N N Tonghua Dongbao Pharmaceutical Co., Ltd. N/A TONGHUA DONGBAO PHARMACEUTICAL CO LTD N/A 21400.00000000 NS 32115.38000000 1.619693962510 Long EC CORP CN N 2 N N N HDFC BANK LIMITED 335800ZQ6I4E2JXENC50 HDFC BANK LIMITED N/A 3226.00000000 NS 36301.33000000 1.830806455725 Long EC CORP IN N 2 N N N Prosus N.V. 635400Z5LQ5F9OLVT688 PROSUS NV N/A 580.00000000 NS 40176.34000000 2.026237127935 Long EC CORP NL N 2 N N N SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED 3003004QIVP0DFVVWM94 SUNNY OPTICAL TECHNOLOGY GROUP CO LTD N/A 400.00000000 NS 5335.35000000 0.269080863526 Long EC CORP KY N 2 N N N SECURITY BANK CORPORATION 549300JSVDZIR2CPTP95 SECURITY BANK CORP. N/A 13910.00000000 NS 29055.79000000 1.465387849652 Long EC CORP PH N 2 N N N UNIVERSAL ROBINA CORPORATION N/A UNIVERSAL ROBINA CORPORATION N/A 16390.00000000 NS 33521.34000000 1.690601575109 Long EC CORP PH N 1 N N N SAMSUNG SDI CO., LTD. 9884002AESDO4YW87G32 SAMSUNG SDI CO LTD N/A 107.00000000 NS 20908.22000000 1.054476630848 Long EC CORP KR N 2 N N N NARAYANA HRUDAYALAYA LIMITED 3358005539O9QRRIAM19 NARAYANA HRUDAYALAYA LIMITED N/A 9627.00000000 NS 31280.09000000 1.577567287691 Long EC CORP IN N 2 N N N NOVATEK PAO 2138008R6GCRVBDFA581 NOVATEK OAO SPONS GDR 669888109 190.00000000 NS USD 21788.74000000 1.098884417020 Long CORP RU N 2 N N N TENCENT HOLDINGS LIMITED 254900N4SLUMW4XUYY11 TENCENT HOLDINGS LTD N/A 3000.00000000 NS 146289.44000000 7.377901888346 Long EC CORP KY N 2 N N N SAMSUNG ELECTRONICS CO,.LTD 9884007ER46L6N7EI764 SAMSUNG ELECTRONICS CO LTD N/A 1933.00000000 NS 75133.58000000 3.789256297380 Long EC CORP KR N 2 N N N Taiwan Semiconductor Manufacturing Co., Ltd. 549300KB6NK5SBD14S87 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD N/A 4000.00000000 NS 35711.73000000 1.801070810053 Long EC CORP TW N 2 N N N Wal-Mart de Mexico, S.A.B. de C.V. N/A WAL-MART DE MEXICO SAB DE CV N/A 7200.00000000 NS 16972.01000000 0.855959422826 Long EC CORP MX N 1 N N N ALIBABA GROUP HOLDING LIMITED 5493001NTNQJDH60PM02 ALIBABA GROUP HOLDING LTD ADR 01609W102 511.00000000 NS USD 99379.28000000 5.012054031887 Long CORP KY N 1 N N N Alsea, S.A.B. de C.V. 4469000001BJLPKNUN21 ALSEA SAB DE CV N/A 12100.00000000 NS 7680.48000000 0.387354192451 Long EC CORP MX N 1 N N N SAMSUNG ELECTRONICS CO,.LTD 9884007ER46L6N7EI764 SAMSUNG ELECTRONICS CO., LTD. N/A 1329.00000000 NS 43387.22000000 2.188173338882 Long EC CORP KR N 2 N N N RELIANCE INDUSTRIES LIMITED 5493003UOETFYRONLG31 RELIANCE INDUSTRIES, LTD. N/A 3729.00000000 NS 54904.42000000 2.769027101317 Long EC CORP IN N 1 N N N DABUR INDIA LIMITED 335800MJPUA2E1FSFL38 DABUR INDIA LTD N/A 5879.00000000 NS 34662.46000000 1.748152355281 Long EC CORP IN N 2 N N N AZUL S.A. 549300Z0MWZ57Q9RR205 AZUL SA ADR 05501U106 1580.00000000 NS USD 16100.20000000 0.811990913238 Long CORP BR N 1 N N N SK hynix Inc. 988400XAIK6XISWQV045 SK HYNIX INC N/A 530.00000000 NS 35857.93000000 1.808444201161 Long EC CORP KR N 2 N N N CD Projekt SA 259400TYO5Q8SH8TL437 CD PROJEKT SA N/A 220.00000000 NS 15388.08000000 0.776076143910 Long EC CORP PL N 1 N N N MERCADOLIBRE, INC. 549300DKPDN9M5S8GB14 MERCADOLIBRE INC. 58733R102 32.00000000 NS USD 15634.56000000 0.788507015595 Long EC CORP US N 1 N N N Mr Price Group Ltd 378900D3417C35C5D733 MR PRICE GROUP LTD N/A 1100.00000000 NS 6982.12000000 0.352133389345 Long EC CORP ZA N 2 N N N Joint Stock Company Halyk Savings Bank of Kazakhstan 213800NYDTVQM4SDUD67 HALYK SAVINGS BANK OF KAZAKHSTAN JSC - GDR 46627J302 1320.00000000 NS USD 12144.00000000 0.612465537718 Long CORP KZ N 1 N N N Guangzhou Baiyun International Airport Company Limited N/A GUANGZHOU BAIYUN INTERNATIONAL AIRPORT CO LTD N/A 19000.00000000 NS 33783.35000000 1.703815680473 Long EC CORP CN N 2 N N N Lemon Tree Hotels Ltd 335800QFBWIUBBCRJN72 LEMON TREE HOTELS LTD N/A 44999.00000000 NS 12950.46000000 0.653138212088 Long EC CORP IN N 2 N N N DALMIA BHARAT LIMITED N/A DALMIA BHARAT LTD N/A 3356.00000000 NS 21765.91000000 1.097733018122 Long EC CORP IN N 1 N N N INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 5493002ERZU2K9PZDL40 INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD N/A 39000.00000000 NS 26610.87000000 1.342081752610 Long EC CORP CN N 2 N N N Ping An Insurance (Group) Company of China, Ltd. 529900M9MC28JLN35U89 PING AN INSURANCE GROUP CO OF CHINA LTD N/A 2500.00000000 NS 24456.18000000 1.233412996889 Long EC CORP CN N 2 N N N ICICI BANK LIMITED R7RX8ER1V4666J8D1I38 ICICI BANK LIMITED N/A 14449.00000000 NS 63282.33000000 3.191555193635 Long EC CORP IN N 2 N N N RUMO SA N/A RUMO SA N/A 9400.00000000 NS 35607.57000000 1.795817647141 Long EC CORP BR N 1 N N N TITAN COMPANY LIMITED 549300RO9VJWPK37FE54 TITAN CO LTD N/A 1791.00000000 NS 21935.67000000 1.106294624650 Long EC CORP IN N 2 N N N FIRSTRAND LIMITED 529900XYOP8CUZU7R671 FIRSTRAND LIMITED N/A 4300.00000000 NS 9691.12000000 0.488757989286 Long EC CORP ZA N 1 N N N IHH HEALTHCARE BERHAD N/A IHH HEALTHCARE BHD N/A 36800.00000000 NS 43575.49000000 2.197668471194 Long EC CORP MY N 2 N N N CCC SPOLKA AKCYJNA 259400NWPQ2HCSMZP970 CCC SA N/A 1205.00000000 NS 8740.42000000 0.440810773648 Long EC CORP PL N 1 N N N Tencent Music Entertainment Group 213800XTZK2GOHQTYK41 TENCENT MUSIC ENTERTAINMENT GROUP - ADR 88034P109 2543.00000000 NS USD 25582.58000000 1.290221394591 Long CORP KY N 1 N N N TAL EDUCATION GROUP 5493003PJZS0EC085V72 TAL EDUCATION GROUP 874080104 931.00000000 NS USD 49585.06000000 2.500752670922 Long CORP KY N 1 N N N BANCO DO BRASIL S.A. QE0Q0253K88YAGNPE356 BANCO DO BRASIL S.A. N/A 4800.00000000 NS 25638.56000000 1.293044667055 Long EC CORP BR N 1 N N N CSPC PHARMACEUTICAL GROUP LIMITED 529900M3XQCW234H8O91 CHINA PHARMACEUTICAL ENTERPRISE & INVESTMENT CORP. N/A 12000.00000000 NS 23884.20000000 1.204565991103 Long EC CORP HK N 2 N N N NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. 529900NHZVBZQZ8EKN29 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP ADR 647581107 371.00000000 NS USD 40157.04000000 2.025263759615 Long CORP KY N 1 N N N CHINA OVERSEAS LAND & INVESTMENT LTD. 529900I6W35GYKRIZ151 CHINA OVERSEAS LAND & INVESTMENT LTD. N/A 8000.00000000 NS 24688.25000000 1.245117120517 Long EC CORP HK N 2 N N N CHINA MENGNIU DAIRY COMPANY LIMITED 2549005Q343BSJ8RSS21 CHINA MENGNIU DAIRY CO LTD N/A 6000.00000000 NS 20782.07000000 1.048114433254 Long EC CORP KY N 2 N N N 3SBIO INC. 529900P0TQC1E9Y7FN31 3SBIO INC N/A 27500.00000000 NS 28513.81000000 1.438053851617 Long EC CORP KY N 2 N N N SINGAPORE TELECOMMUNICATIONS LIMITED 2549003XJKIQO8YDYD89 SINGAPORE TELECOMMUNICATIONS LTD. N/A 23700.00000000 NS 42366.11000000 2.136675094052 Long EC CORP SG N 1 N N N DLF LIMITED 335800PJLUEOB8914F48 DLF LTD N/A 9543.00000000 NS 17158.83000000 0.865381426429 Long EC CORP IN N 2 N N N SBERBANK ROSSII PAO 549300WE6TAF5EEWQS81 SBERBANK OF RUSSIA ADR 80585Y308 2200.00000000 NS USD 20845.21000000 1.051298810235 Long CORP RU N 2 N N N CREDICORP LTD. N/A CREDICORP LTD. G2519Y108 100.00000000 NS USD 14307.00000000 0.721553396585 Long EC CORP BM N 1 N N N SUZANO S.A. 391200AW174YQSDMGG41 SUZANO SA N/A 3600.00000000 NS 24855.54000000 1.253554156074 Long EC CORP BR N 1 N N N PT Bank Central Asia Tbk 254900BR956G2OHVOM21 BANK CENTRAL ASIA PT N/A 11500.00000000 NS 19457.70000000 0.981321697402 Long EC CORP ID N 2 N N N KAZ MINERALS PLC 2138001H9E453FQRFY56 KAZ MINERALS PLC N/A 6564.00000000 NS 28417.62000000 1.433202644430 Long EC CORP GB N 2 N N N CLICKS GROUP LIMITED 378900E967958A677472 CLICKS GROUP LTD. N/A 1000.00000000 NS 14422.43000000 0.727374946076 Long EC CORP ZA N 1 N N N CHINA RESOURCES GAS GROUP LIMITED 529900A0E1J5JSOKEK83 CHINA RESOURCES GAS GROUP LTD N/A 2000.00000000 NS 10040.82000000 0.506394616306 Long EC CORP BM N 2 N N N 2020-04-30 Mirae Asset Discovery Funds Joel B. Engle Joel B. Engle Treasurer XXXX NPORT-EX 2 mirae_20200331.htm SCHEDULE OF INVESTMENTS

 

Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets VIT Fund  March 31, 2020 (Unaudited)

 

   Shares   Value 
Common Stocks (97.1%)          
3SBio, Inc.* (Biotechnology)    27,500   $28,514 
AIA Group Ltd. (Insurance)    2,800    25,191 
AL Rajhi Bank (Banks)    1,900    27,212 
Alibaba Group Holding Ltd. ADR* (Internet & Direct Marketing Retail)    511    99,379 
Alsea SAB de CV* (Hotels, Restaurants & Leisure)    12,100    7,680 
Azul SA ADR* (Airlines)    1,580    16,100 
Banco do Brasil SA (Banks)    4,800    25,639 
CCC SA (Textiles, Apparel & Luxury Goods)    1,205    8,740 
CD Projekt SA (Entertainment)    220    15,389 
China Mengniu Dairy Co. Ltd. (Food Products)    6,000    20,782 
China Overseas Land & Investment Ltd. (Real Estate Management & Development)    8,000    24,688 
China Petroleum & Chemical Corp. (Oil, Gas & Consumable Fuels)    62,000    30,412 
China Resources Gas Group Ltd. (Gas Utilities)    2,000    10,041 
Clicks Group Ltd. (Food & Staples Retailing)    1,000    14,423 
Credicorp Ltd. (Banks)    100    14,307 
CSPC Pharmaceutical Group Ltd. (Pharmaceuticals)    12,000    23,884 
Dabur India Ltd. (Personal Products)    5,879    34,662 
Dalmia Bharat Ltd. (Construction Materials)    3,356    21,766 
Detsky Mir PJSC (Specialty Retail)    15,410    17,830 
DLF Ltd. (Real Estate Management & Development)    9,543    17,159 
FirstRand Ltd. (Diversified Financial Services)    4,300    9,691 
Gail India Ltd. (Gas Utilities)    26,746    26,717 
Grupo Financiero Banorte Sab de CV (Banks)    4,500    12,337 
Guangzhou Baiyun International Airport Co. Ltd., Class A (Transportation Infrastructure)    19,000    33,783 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)    1,320    12,144 
HDFC Bank Ltd. (Banks)    3,226    36,301 
ICICI Bank Ltd. (Banks)    14,449    63,282 
IHH Healthcare Berhad (Health Care Providers & Services)    36,800    43,575 
Industrial & Commerical Bank of China Ltd., H Shares (Banks)    39,000    26,611 
KAZ Minerals PLC (Metals & Mining)    6,564    28,418 
Lemon Tree Hotels Ltd. (Hotels, Restaurants & Leisure)    44,999    12,950 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)    16,000    46,424 
Lojas Renner SA (Multiline Retail)   2,100    13,586 
Meituan Dianping, Class B* (Internet & Direct Marketing Retail)    3,100    37,203 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)    32    15,635 
Mr. Price Group Ltd. (Specialty Retail)    1,100    6,982 
Narayana Hrudayalaya Ltd. (Health Care Providers & Services)    9,627    31,280 
New Oriental Education & Technology Group, Inc. ADR* (Diversified Consumer Services)    371    40,157 
Novatek OAO Spons GDR (Oil, Gas & Consumable Fuels)    175    20,069 
Novatek OAO Spons GDR (Oil, Gas & Consumable Fuels)    15    1,720 
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance)    2,500    24,456 
Prosus NV* (Internet & Direct Marketing Retail)    580    40,176 
PT Bank Central Asia TBK (Banks)    11,500    19,458 
Raia Drogasil SA (Food & Staples Retailing)    1,100    21,448 
Reliance Industries Ltd. (Oil, Gas & Consumable Fuels)    3,729    54,904 
Rumo SA* (Road & Rail)    9,400    35,607 
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)    1,329    43,387 
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)    1,933    75,134 
Samsung SDI Co. Ltd. (Electronic Equipment, Instruments & Components)    107    20,908 
Sberbank of Russia ADR (Banks)    2,200   20,845 
SBI Life Insurance Co. Ltd. (Insurance)    5,358    44,745 
Security Bank Corp. (Banks)    13,910    29,056 
Singapore Telecommunications Ltd. (Diversified Telecommunication Services)    23,700    42,366 
SK Hynix, Inc. (Semiconductors & Semiconductor Equipment)    530    35,858 
Sunny Optical Technology Group Co. Ltd. (Electronic Equipment, Instruments & Components)    400    5,335 
Suzano SA (Paper & Forest Products)    3,600    24,856 
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)    4,000    35,712 
TAL Education Group ADR* (Diversified Consumer Services)    931    49,585 
Tencent Holdings Ltd. (Interactive Media & Services)    3,000    146,289 
Tencent Music Entertainment Group ADR* (Entertainment)    2,543    25,583 
Titan Co. Ltd. (Textiles, Apparel & Luxury Goods)    1,791    21,936 
Tonghua Dongbao Pharmaceutical Co. Ltd. (Pharmaceuticals)    21,400    32,115 
Universal Robina Corp. (Food Products)    16,390    33,521 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)    7,200    16,972 
Yandex NV (Interactive Media & Services)    630    21,452 
TOTAL COMMON STOCKS (Cost $2,413,067)         1,924,367 
TOTAL INVESTMENTS (Cost $2,413,067) — 97.1%         1,924,367 
Other Net Assets (Liabilities) — 2.9%         58,438 
NET ASSETS — 100.0%        $1,982,805 

 

* Non-income producing security

ADR American Depositary Receipt
GDR Global Depository Receipt
 

 

 

 1 

 

 

Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets VIT Fund  March 31, 2020 (Unaudited)

 

The Emerging Markets VIT Fund invested in the following industries as of March 31, 2020:

 

   Value   % of
Net Assets		 
Airlines   $16,100    0.8%
Banks    287,192    14.4%
Biotechnology    28,514    1.4%
Construction Materials    21,766    1.1%
Diversified Consumer Services    89,742    4.6%
Diversified Financial Services    9,691    0.5%
Diversified Telecommunication Services    42,366    2.1%
Electronic Equipment, Instruments & Components    26,243    1.4%
Entertainment    40,972    2.1%
Food & Staples Retailing    52,843    2.7%
Food Products    54,303    2.7%
Gas Utilities    36,758    1.8%
Health Care Providers & Services    74,855    3.8%
Hotels, Restaurants & Leisure    20,630    1.1%
Insurance    94,392    4.9%
Interactive Media & Services    167,741    8.6%
Internet & Direct Marketing Retail    192,393    9.8%
Metals & Mining    28,418    1.4%
Multiline Retail    13,586    0.7%
Oil, Gas & Consumable Fuels    107,105    5.3%
Paper & Forest Products    24,856    1.3%
Personal Products    34,662    1.7%
Pharmaceuticals    55,999    2.8%
Real Estate Management & Development    41,847    2.1%
Road & Rail    35,607    1.7%
Semiconductors & Semiconductor Equipment    71,570    3.6%
Specialty Retail    24,812    1.3%
Technology Hardware, Storage & Peripherals    118,521    5.9%
Textiles, Apparel & Luxury Goods    77,100    3.8%
Transportation Infrastructure    33,783    1.7%
Other Net Assets    58,438    2.9%
Total   $1,982,805    100.0%

 

The Emerging Markets VIT Fund invested in securities with exposure to the following countries as of March 31, 2020:

 

Argentina   $15,635    0.8%
Brazil    137,236    6.9%
China    625,846    31.7%
Hong Kong    104,586    5.3%
India    365,702    18.4%
Indonesia    19,458    1.0%
Kazakstan    12,144    0.6%
Mexico    36,989    1.9%
Netherlands    40,176    2.0%
Peru    14,307    0.7%
Philippines    62,577    3.2%
Poland    24,129    1.2%
Russia    81,916    4.1%
Saudi Arabia    27,212    1.4%
Singapore    42,366    2.1%
South Africa    31,096    1.6%
South Korea    218,862    11.0%
Taiwan    35,712    1.8%
United Kingdom    28,418    1.4%
Other Net Assets    58,438    2.9%
Total   $1,982,805    100.0%

 

 

 2 

 

 

Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Great Consumer VIT Fund  March 31, 2020 (Unaudited)

 

   Shares   Value 
Common Stocks (96.2%)          
AIA Group Ltd. (Insurance)    3,600   $32,388 
AL Rajhi Bank (Banks)    1,940    27,784 
Alibaba Group Holding Ltd. (Internet & Direct Marketing Retail)    4,700    110,561 
Alibaba Health Information Technology Ltd.* (Health Care Technology)    34,000    56,463 
Alsea SAB de CV* (Hotels, Restaurants & Leisure)    12,400    7,871 
Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services)    2,559    38,043 
Asian Paints Ltd. (Chemicals)    2,840    61,998 
Azul SA ADR* (Airlines)    1,610    16,406 
Banco do Brasil SA (Banks)    4,900    26,173 
Britannia Industries Ltd. (Food Products)    1,803    63,495 
CCC SA (Textiles, Apparel & Luxury Goods)    1,225    8,885 
CD Projekt SA (Entertainment)    220    15,389 
China Feihe Ltd. (Food Products)    62,000    110,631 
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)    12,700    120,891 
China Merchants Bank Co. Ltd. (Banks)    13,500    60,609 
China Overseas Land & Investment Ltd. (Real Estate Management & Development)    16,000    49,377 
Clicks Group Ltd. (Food & Staples Retailing)    1,000    14,423 
CP All Public Co. Ltd. (Food & Staples Retailing)    20,800    38,863 
Credicorp Ltd. (Banks)    105    15,022 
Crompton Greaves Consumer Electricals (Household Durables)    5,043    13,920 
Detsky Mir PJSC (Specialty Retail)    13,860    16,037 
FirstRand Ltd. (Diversified Financial Services)    4,600    10,367 
Foshan Haitian Flavouring & Food Co. Ltd., A Shares (Food Products)    4,200    74,306 
Grupo Financiero Banorte Sab de CV (Banks)    4,500    12,337 
Haidilao International Holding Ltd. (Hotels, Restaurants & Leisure)    13,000    50,425 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)    1,100    10,120 
HDFC Bank Ltd. (Banks)    6,758    76,046 
Hindustan Unilever Ltd. (Household Products)    2,364    71,164 
Jiangsu Hengrui Medicine Co. Ltd., Class A* (Pharmaceuticals)    2,800    36,439 
KAZ Minerals PLC (Metals & Mining)    6,665    28,855 
LG Household & Health Care Ltd. (Personal Products)    38    34,766 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)    34,500    100,101 
Lojas Renner SA (Multiline Retail)   2,100    13,586 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)    33    16,123 
Mr. Price Group Ltd. (Specialty Retail)    1,170    7,426 
Nestle India Ltd. (Food Products)    308    66,372 
New Oriental Education & Technology Group, Inc. ADR* (Diversified Consumer Services)    762    82,479 
Ping An Healthcare & Technology Co. Ltd.* (Health Care Technology)    2,200    20,410 
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance)    7,000    68,477 
Prosus NV* (Internet & Direct Marketing Retail)    600    41,562 
PT Bank Central Asia TBK (Banks)    35,000    59,219 
Raia Drogasil SA (Food & Staples Retailing)    1,000    19,498 
Rumo SA* (Road & Rail)    10,100    38,259 
Sberbank of Russia ADR (Banks)    2,400    22,740 
Shanghai International Airport Co. Ltd., Class A (Transportation Infrastructure)    8,700    74,897 
Suzano SA (Paper & Forest Products)    3,600    24,856 
TAL Education Group ADR* (Diversified Consumer Services)    498    26,523 
TCS Group Holdings PLC GDR (Banks)    1,850    21,285 
Tencent Holdings Ltd. (Interactive Media & Services)    1,300    63,392 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)    7,200    16,971 
Yandex NV (Interactive Media & Services)    700   $23,835 
TOTAL COMMON STOCKS (Cost $2,437,075)         2,118,065 
TOTAL INVESTMENTS (Cost $2,437,075) — 96.2%         2,118,065 
Other Net Assets (Liabilities) — 3.8%         83,023 
NET ASSETS — 100.0%        $2,201,088 

 

* Non-income producing security

ADR American Depositary Receipt
GDR Global Depository Receipt
 

 

 

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Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Great Consumer VIT Fund  March 31, 2020 (Unaudited)

 

The Emerging Markets Great Consumer VIT Fund invested in the following industries as of March 31, 2020:

 

   Value   % of
Net Assets		 
Airlines   $16,406    0.7%
Banks    331,335    15.3%
Chemicals    61,998    2.8%
Diversified Consumer Services    109,002    5.0%
Diversified Financial Services    10,367    0.5%
Entertainment    15,389    0.7%
Food & Staples Retailing    89,755    4.1%
Food Products    314,804    14.2%
Health Care Providers & Services    38,043    1.7%
Health Care Technology    76,873    3.5%
Hotels, Restaurants & Leisure    179,187    8.1%
Household Durables    13,920    0.6%
Household Products    71,164    3.2%
Insurance    100,865    4.6%
Interactive Media & Services    87,227    4.0%
Internet & Direct Marketing Retail    168,246    7.6%
Metals & Mining    28,855    1.3%
Multiline Retail    13,586    0.6%
Paper & Forest Products    24,856    1.1%
Personal Products    34,766    1.6%
Pharmaceuticals    36,439    1.7%
Real Estate Management & Development    49,377    2.2%
Road & Rail    38,259    1.8%
Specialty Retail    23,463    1.0%
Textiles, Apparel & Luxury Goods    108,986    4.9%
Transportation Infrastructure    74,897    3.4%
Other Net Assets    83,023    3.8%
Total   $2,201,088    100.0%

 

The Emerging Markets Great Consumer VIT Fund invested in securities with exposure to the following countries as of March 31, 2020:

 

Argentina   $16,123    0.7%
Brazil    138,778    6.3%
China    1,000,141    45.3%
Cyprus    21,285    1.0%
Hong Kong    138,228    6.3%
India    391,038    17.7%
Indonesia    59,219    2.7%
Kazakstan    10,120    0.5%
Mexico    37,179    1.7%
Netherlands    41,562    1.9%
Peru    15,022    0.7%
Poland    24,274    1.1%
Russia    62,612    2.8%
Saudi Arabia    27,784    1.3%
South Africa    32,216    1.5%
South Korea    34,766    1.6%
Thailand    38,863    1.8%
United Kingdom    28,855    1.3%
Other Net Assets    83,023    3.8%
Total   $2,201,088    100.0%

 

 

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