0001752724-20-192535.txt : 20200924 0001752724-20-192535.hdr.sgml : 20200924 20200924121524 ACCESSION NUMBER: 0001752724-20-192535 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200731 FILED AS OF DATE: 20200924 PERIOD START: 20210430 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: 201194461 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 S000029296 Emerging Markets Great Consumer Fund C000090086 Class C Shares MCCGX C000090087 Class I Shares MICGX C000090088 Class A Shares MECGX NPORT-P 1 primary_doc.xml NPORT-P false 0001489215 XXXXXXXX S000029296 C000090086 C000090088 C000090087 Mirae Asset Discovery Funds 811-22406 0001489215 549300UD1B8SO7KOZC53 625 Madison Avenue. 3rd Floor New York 10022 212-205-8300 Emerging Markets Great Consumer Fund S000029296 549300K7J5FH4SQJ2T84 2021-04-30 2020-07-31 N 865517793.75 7733071.60 857784722.15 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 30373829.74000000 KRW INR ZAR THB USD VND PLN EUR GBP IDR HKD CNY MXN RUB SAR BRL PHP N Prosus N.V. 635400Z5LQ5F9OLVT688 PROSUS NV N/A 155134.00000000 NS 15001061.67000000 1.748814275031 Long EC CORP NL N 1 N N N ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED 529900GE9653COPX1I86 ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED N/A 9068000.00000000 NS 25039057.56000000 2.919037482649 Long EC CORP BM N 1 N N N RAIA DROGASIL S.A. N/A RAIA DROGASIL SA N/A 391400.00000000 NS 9359891.48000000 1.091170224685 Long EC CORP BR N 1 N N N Mr Price Group Ltd 378900D3417C35C5D733 MR PRICE GROUP LTD N/A 537947.00000000 NS 3988745.62000000 0.465005439826 Long EC CORP ZA N 1 N N N Foshan Haitian Flavouring and Food Co Ltd N/A FOSHAN HAITIAN FLAVOURING & FOOD COMPANY LTD N/A 863491.00000000 NS 18567623.65000000 2.164601813315 Long EC CORP CN N 1 N N N CREDICORP LTD. 529900UYAEYQCQ2BKB17 CREDICORP LTD. G2519Y108 41663.00000000 NS USD 5298283.71000000 0.617670561527 Long EC CORP BM N 1 N N N AYALA LAND INC. 254900EWT10TQ6DKTV34 AYALA LAND INC. N/A 16466105.00000000 NS 11159712.14000000 1.300992178087 Long EC CORP PH N 1 N N N SUZANO S.A. 391200AW174YQSDMGG41 SUZANO SA N/A 1200600.00000000 NS 9723023.12000000 1.133503881443 Long EC CORP BR N 1 N N N CLICKS GROUP LIMITED 378900E967958A677472 CLICKS GROUP LTD. N/A 355300.00000000 NS 4746774.06000000 0.553375915591 Long EC CORP ZA N 1 N N N CD Projekt SA 259400TYO5Q8SH8TL437 CD PROJEKT SA N/A 53600.00000000 NS 5756204.42000000 0.671054668072 Long EC CORP PL N 1 N N N MERCADOLIBRE, INC. 549300DKPDN9M5S8GB14 MERCADOLIBRE INC. 58733R102 10285.00000000 NS USD 11566716.70000000 1.348440512091 Long EC CORP US N 1 N N N Vietnam Dairy Products JSC N/A VIETNAM DAIRY PRODUCTS JSC N/A 1082136.00000000 NS 4996054.19000000 0.582436835372 Long EC CORP VN N 1 N N N FIRSTRAND LIMITED 529900XYOP8CUZU7R671 FIRSTRAND LIMITED N/A 1726109.00000000 NS 3921735.17000000 0.457193403977 Long EC CORP ZA N 1 N N N ASIAN PAINTS LIMITED 335800HEHXGYRUNERD75 ASIAN PAINTS LIMITED N/A 801738.00000000 NS 18385610.25000000 2.143382806342 Long EC CORP IN N 1 N N N China Tourism Group Duty Free Corporation Limited N/A CHINA INTERNATIONAL TRAVEL SERVICE CORP LTD N/A 1003797.00000000 NS 34948444.87000000 4.074267583409 Long EC CORP CN N 1 N N N HINDUSTAN UNILEVER LIMITED 5493007IW5N37IKRPM32 HINDUSTAN UNILEVER LTD N/A 654388.00000000 NS 19331377.75000000 2.253639782898 Long EC CORP IN N 1 N N N RUMO S.A. N/A RUMO SA N/A 2599111.00000000 NS 11147304.93000000 1.299545753398 Long EC CORP BR N 1 N N N CP All Public Company Limited 894500LSBZLM09TY1A91 CP ALL PCL N/A 4714300.00000000 NS 10319576.35000000 1.203049679427 Long CORP TH N 1 N N N TAL EDUCATION GROUP 5493003PJZS0EC085V72 TAL EDUCATION GROUP 874080104 84478.00000000 NS USD 6603645.26000000 0.769848784838 Long CORP KY N 1 N N N BANCO BTG PACTUAL S.A. ZXLTQRYIK6IJH3R0IK66 BANCO BTG PACTUAL SA N/A 469500.00000000 NS 7810597.61000000 0.910554525898 Long CORP BR N 1 N N N Li Ning Co Ltd 529900T77L2FV3FZ3U81 LI NING CO LTD N/A 6679000.00000000 NS 21501793.53000000 2.506665480833 Long EC CORP KY N 1 N N N HDFC BANK LIMITED 335800ZQ6I4E2JXENC50 HDFC BANK LIMITED N/A 2168285.00000000 NS 29935564.59000000 3.489869173114 Long EC CORP IN N 1 N N N Galaxy Entertainment Group Limited 549300ZSEBV3HR826S10 GALAXY ENTERTAINMENT GROUP LIMITED N/A 4148000.00000000 NS 28259557.94000000 3.294481378634 Long EC CORP HK N 1 N N N DETSKIY MIR PAO 25340094SFG83VJ0YP24 DETSKY MIR PJSC N/A 4849925.00000000 NS 7642310.02000000 0.890935665168 Long EC CORP RU N 1 N N N ALIBABA GROUP HOLDING LIMITED 5493001NTNQJDH60PM02 ALIBABA GROUP HOLDING LTD N/A 2055100.00000000 NS 65232009.91000000 7.604706428729 Long EC CORP KY N 1 N N N LOJAS RENNER S.A. N/A LOJAS RENNER SA N/A 1178540.00000000 NS 9280002.65000000 1.081856835447 Long EC CORP BR N 1 N N N PT Bank Central Asia Tbk 254900BR956G2OHVOM21 BANK CENTRAL ASIA PT N/A 10722800.00000000 NS 23024869.92000000 2.684224762395 Long EC CORP ID N 1 N N N Yandex N.V. 549300GGZHJ5Q1B18P93 YANDEX NV N97284108 214501.00000000 NS USD 12342387.54000000 1.438867727681 Long EC CORP NL N 1 N N N Al Rajhi Banking & Investment Corporation SJSC 558600BQZS4Y1DTU8589 AL RAJHI BANK N/A 645361.00000000 NS 10135659.25000000 1.181608740313 Long EC CORP SA N 1 N N N CHINA OVERSEAS LAND & INVESTMENT LTD. 529900I6W35GYKRIZ151 CHINA OVERSEAS LAND & INVESTMENT LTD. N/A 6132500.00000000 NS 18674210.66000000 2.177027659480 Long EC CORP HK N 1 N N N VIPSHOP HOLDINGS LIMITED 549300I9F52K06HPZX60 VISHOP HOLDINGS LTD -ADR 92763W103 90180.00000000 NS USD 2053398.60000000 0.239383909153 Long CORP KY N 1 N N N TENCENT HOLDINGS LIMITED 254900N4SLUMW4XUYY11 TENCENT HOLDINGS LTD N/A 659300.00000000 NS 45427310.62000000 5.295887120271 Long EC CORP KY N 1 N N N Ping An Healthcare and Technology Co Ltd 2549009NW1LO017CP285 PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED N/A 1299700.00000000 NS 22203620.60000000 2.588484036454 Long EC CORP KY N 1 N N N NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. 529900NHZVBZQZ8EKN29 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP ADR 647581107 224795.00000000 NS USD 31516259.00000000 3.674145526980 Long CORP KY N 1 N N N AZUL S.A. 549300Z0MWZ57Q9RR205 AZUL SA ADR 05501U106 383850.00000000 NS USD 4429629.00000000 0.516403345223 Long CORP BR N 1 N N N Shanghai International Airport Co., Ltd. 3003000CIJ7O6AOQF345 SHANGHAI INTERNATIONAL AIR N/A 2571018.00000000 NS 25023175.41000000 2.917185951654 Long EC CORP CN N 1 N N N Ping An Insurance (Group) Company of China, Ltd. 529900M9MC28JLN35U89 PING AN INSURANCE GROUP CO OF CHINA LTD N/A 2236000.00000000 NS 23686868.56000000 2.761400144855 Long EC CORP CN N 1 N N N LG HOUSEHOLD & HEALTH CARE LTD N/A LG HOUSEHOLD & HEALTH CARE LTD. N/A 18756.00000000 NS 21587034.92000000 2.516602868129 Long EC CORP KR N 1 N N N Grupo Financiero Banorte, S.A.B. de C.V. N/A GRUPO FINANCIERO BANORTE SAB DE CV N/A 2026000.00000000 NS 7258185.95000000 0.846154724207 Long EC CORP MX N 1 N N N JIANGSU HENGRUI MEDICINE CO.,LTD. N/A JIANGSU HENGRUI MEDICINE CO LIMITED N/A 1595452.00000000 NS 21574433.66000000 2.515133821213 Long EC CORP CN N 1 N N N TCS GROUP HOLDING PLC 549300XQRN9MR54V1W18 TCS GROUP HOLDINGS PLC GDR 87238U203 401549.00000000 NS USD 10098957.35000000 1.177330056041 Long CORP CY N 1 N N N Haidilao International Holding Ltd N/A HAIDILAO INTERNATIONAL HOLDI N/A 2809000.00000000 NS 12921233.27000000 1.506349196522 Long EC CORP KY N 1 N N N Joint Stock Company Halyk Savings Bank of Kazakhstan 213800NYDTVQM4SDUD67 HALYK SAVINGS BANK OF KAZAKHSTAN JSC - GDR 46627J302 393500.00000000 NS USD 4367850.00000000 0.509201188504 Long CORP KZ N 1 N N N Crompton Greaves Consumer Electricals Ltd 335800DIIEEWMH3UDH51 CROMPTON GREAVES CONSUMER ELECTRICALS N/A 527278.00000000 NS 1720530.16000000 0.200578317096 Long EC CORP IN N 1 N N N SBERBANK ROSSII PAO 549300WE6TAF5EEWQS81 SBERBANK OF RUSSIA ADR 80585Y308 718342.00000000 NS USD 8559044.93000000 0.997808040757 Long CORP RU N 1 N N N BRITANNIA INDUSTRIES LTD 335800RRN5EVHNNAXN80 BRITANNIA INDUSTRIES N/A 11930100.00000000 PA 166001.87000000 0.019352392938 Long DBT CORP IN N 2 2022-08-28 Fixed 8.00000000 N N N N N N KAZ MINERALS PLC 2138001H9E453FQRFY56 KAZ MINERALS PLC N/A 1176441.00000000 NS 8323744.27000000 0.970376838740 Long EC CORP GB N 1 N N N China Merchants Bank Co., Ltd. 549300MKO5B60FFIHF58 CHINA MERCHANTS BANK CO LTD N/A 4645500.00000000 NS 21668730.08000000 2.526126838175 Long EC CORP CN N 1 N N N BRITANNIA INDUSTRIES LTD 335800RRN5EVHNNAXN80 BRITANNIA INDUSTRIES LTD N/A 413033.00000000 NS 21111158.36000000 2.461125479955 Long EC CORP IN N 1 N N N Nestle India Ltd 3358008SYYY9CPWH5D94 NESTLE INDIA LTD N/A 90742.00000000 NS 20041539.58000000 2.336429999565 Long EC CORP IN N 1 N N N Wal-Mart de Mexico, S.A.B. de C.V. N/A WAL-MART DE MEXICO SAB DE CV N/A 4067200.00000000 NS 9574957.68000000 1.116242506161 Long EC CORP MX N 1 N N N APOLLO HOSPITALS ENTERPRISE LIMITED 3358005YT7JQCWYLTG43 APOLLO HOSPITALS ENTERPRISE N/A 1295404.00000000 NS 28998209.25000000 3.380592880847 Long EC CORP IN N 1 N N N 2020-08-31 Mirae Asset Discovery Funds Joel B. Engle Joel B. Engle Treasurer XXXX NPORT-EX 2 5534_0001489215.htm

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

 

   Shares   Value 
Common Stocks (98.0%)          
AL Rajhi Bank (Banks)   41,669   $654,429 
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)   29,728    943,612 
Alibaba Group Holding Ltd. ADR* (Internet & Direct Marketing Retail)   12,769    3,205,274 
Azul SA ADR* (Airlines)   24,750    285,615 
Banco BTG Pactual SA (Capital Markets)   27,600    459,153 
CD Projekt SA* (Entertainment)   3,200    343,654 
China Overseas Land & Investment Ltd. (Real Estate Management & Development)   243,000    739,965 
China Petroleum & Chemical Corp. (Oil, Gas & Consumable Fuels)   2,078,000    890,177 
China Resources Gas Group Ltd. (Gas Utilities)   152,000    749,203 
Cipla Ltd. (Pharmaceuticals)   91,679    882,567 
Clicks Group Ltd. (Food & Staples Retailing)   22,100    295,255 
Credicorp Ltd. (Banks)   2,700    343,359 
CSPC Pharmaceutical Group Ltd. (Pharmaceuticals)   322,400    676,407 
Dabur India Ltd. (Personal Products)   99,762    684,861 
Dalmia Bharat Ltd. (Construction Materials)   108,453    1,102,761 
Detsky Mir PJSC (Specialty Retail)   293,091    461,841 
FirstRand Ltd. (Diversified Financial Services)   115,795    263,087 
Gail India Ltd. (Gas Utilities)   477,692    617,170 
Geely Automobile Holdings Ltd. (Automobiles)   300,000    630,960 
Grupo Financiero Banorte Sab de CV* (Banks)   126,800    454,264 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)   24,400    270,840 
HDFC Bank Ltd.* (Banks)   85,534    1,180,891 
Hindustan Petroleum Corp., Ltd. (Oil, Gas & Consumable Fuels)   299,417    860,537 
ICICI Bank Ltd.* (Banks)   318,023    1,474,322 
Industrial & Commerical Bank of China Ltd., H Shares (Banks)   1,729,000    1,021,770 
KAZ Minerals PLC (Metals & Mining)   75,262    532,506 
Kingsoft Cloud Holdings Ltd. ADR* (IT Services)   5,661    198,701 
Lemon Tree Hotels Ltd.* (Hotels, Restaurants & Leisure)   1,224,474    386,293 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)   287,000    923,943 
Lojas Renner SA (Multiline Retail)   73,700    580,325 
MediaTek, Inc. (Semiconductors & Semiconductor Equipment)   59,000    1,412,100 
Meituan Dianping, Class B* (Internet & Direct Marketing Retail)   22,100    547,217 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)   654    735,501 
Mr. Price Group Ltd. (Specialty Retail)   36,331    269,385 
Narayana Hrudayalaya Ltd. (Health Care Providers & Services)   189,559    734,721 
NAVER Corp. (Interactive Media & Services)   2,695    680,990 
New Oriental Education & Technology Group, Inc. ADR* (Diversified Consumer Services)   4,340    608,468 
Novatek PJSC GDR (Oil, Gas & Consumable Fuels)   3,650    535,090 
Phu Nhuan Jewelry JSC (Textiles, Apparel & Luxury Goods)   225,970    503,109 
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance)   100,500    1,064,638 
POSCO (Metals & Mining)   4,069    660,973 
Prosus NV* (Internet & Direct Marketing Retail)   9,421    910,987 
Raia Drogasil SA (Food & Staples Retailing)   24,900    595,456 
Reliance Industries Ltd. (Oil, Gas & Consumable Fuels)   39,587    1,093,879 
Rumo SA* (Road & Rail)   157,827    676,902 
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)   56,699    2,755,936 
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)   32,047    1,331,705 
Samsung SDI Co. Ltd. (Electronic Equipment, Instruments & Components)   2,865    956,042 
Sberbank of Russia PJSC ADR* (Banks)   44,930   535,341 
SBI Life Insurance Co. Ltd.* (Insurance)   70,763    863,496 
Security Bank Corp. (Banks)   354,920    664,563 
Shinhan Financial Group Co. Ltd. (Banks)   42,915    1,084,404 
Sun Art Retail Group Ltd. (Food & Staples Retailing)   390,500    542,158 
Suzano SA* (Paper & Forest Products)   70,800    573,372 
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)   132,000    1,917,648 
TAL Education Group ADR* (Diversified Consumer Services)   7,256    567,202 
Tencent Holdings Ltd. (Interactive Media & Services)   56,400    3,886,092 
Tencent Music Entertainment Group ADR* (Entertainment)   39,558    638,466 
Titan Co. Ltd.* (Textiles, Apparel & Luxury Goods)   48,077    670,472 
Tonghua Dongbao Pharmaceutical Co. Ltd. (Pharmaceuticals)   416,531    818,202 
Tongwei Co., Ltd., Class A (Food Products)   275,869    1,079,049 
Universal Robina Corp. (Food Products)   271,220    675,649 
Vietnam Technological & Commercial Joint Stock Bank* (Banks)   803,880    629,549 
Vipshop Holdings Ltd. ADR* (Internet & Direct Marketing Retail)   31,065    707,350 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)   260,500    613,266 
Yandex NV, Class A* (Interactive Media & Services)   12,080    695,083 
TOTAL COMMON STOCKS (Cost $50,877,370)        55,348,203 
TOTAL INVESTMENTS (Cost $50,877,370) — 98.0%        55,348,203 
Other Net Assets (Liabilities) — 2.0%        1,119,701 
NET ASSETS — 100.0%       $56,467,904 

 

* Non-income producing security

ADR American Depositary Receipt
GDR Global Depositary Receipt

 

1 

 

 

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

 

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

 

   Value   % of
Net Assets		 
Airlines  $285,615    0.5%
Automobiles   630,960    1.1%
Banks   8,313,732    14.6%
Capital Markets   459,153    0.8%
Construction Materials   1,102,761    2.0%
Diversified Consumer Services   1,175,670    2.1%
Diversified Financial Services   263,087    0.5%
Electronic Equipment, Instruments & Components   956,042    1.7%
Entertainment   982,120    1.7%
Food & Staples Retailing   2,046,135    3.7%
Food Products   1,754,698    3.1%
Gas Utilities   1,366,373    2.4%
Health Care Providers & Services   734,721    1.3%
Hotels, Restaurants & Leisure   386,293    0.7%
Insurance   1,928,134    3.4%
Interactive Media & Services   5,262,165    9.4%
Internet & Direct Marketing Retail   7,049,941    12.5%
IT Services   198,701    0.4%
Metals & Mining   1,193,479    2.1%
Multiline Retail   580,325    1.0%
Oil, Gas & Consumable Fuels   3,379,683    6.0%
Paper & Forest Products   573,372    1.0%
Personal Products   684,861    1.2%
Pharmaceuticals   2,377,176    4.2%
Real Estate Management & Development   739,965    1.3%
Road & Rail   676,902    1.2%
Semiconductors & Semiconductor Equipment   3,329,748    5.9%
Specialty Retail   731,226    1.3%
Technology Hardware, Storage & Peripherals   4,087,641    7.2%
Textiles, Apparel & Luxury Goods   2,097,524    3.7%
Other Net Assets   1,119,701    2.0%
Total  $56,467,904    100.0%

 

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

 

   Value   % of
Net Assets		 
Argentina  $735,501    1.3%
Brazil   3,170,823    5.6%
China   18,273,279    32.4%
Hong Kong   2,165,575    3.8%
India   10,551,970    18.7%
Kazakstan   270,840    0.5%
Mexico   1,067,530    1.9%
Netherlands   910,987    1.6%
Peru   343,359    0.6%
Philippines   1,340,212    2.4%
Poland   343,654    0.6%
Russia   2,227,355    3.9%
Saudi Arabia   654,429    1.2%
South Africa   827,727    1.5%
South Korea   7,470,050    13.2%
Taiwan   3,329,748    5.9%
United Kingdom   532,506    0.9%
Vietnam   1,132,658    2.0%
Other Net Assets   1,119,701    2.0%
Total  $56,467,904    100.0%

 

2 

 

 

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

 

   Shares   Value 
Common Stocks (95.0%)          
AL Rajhi Bank (Banks)   645,361   $10,135,659 
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)   2,055,100    65,232,009 
Alibaba Health Information Technology Ltd.* (Health Care Technology)   9,068,000    25,039,058 
Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services)   1,295,404    28,998,209 
Asian Paints Ltd. (Chemicals)   801,738    18,385,610 
Ayala Land, Inc. (Real Estate Management & Development)   16,466,105    11,159,712 
Azul SA ADR* (Airlines)   383,850    4,429,629 
Banco BTG Pactual SA (Capital Markets)   469,500    7,810,598 
Britannia Industries Ltd. (Food Products)   413,033    21,111,158 
CD Projekt SA* (Entertainment)   53,600    5,756,204 
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)   1,003,797    34,948,445 
China Merchants Bank Co. Ltd. (Banks)   4,645,500    21,668,730 
China Overseas Land & Investment Ltd. (Real Estate Management & Development)   6,132,500    18,674,211 
Clicks Group Ltd. (Food & Staples Retailing)   355,300    4,746,774 
CP All Public Co. Ltd. (Food & Staples Retailing)   4,714,300    10,319,576 
Credicorp Ltd. (Banks)   41,663    5,298,284 
Crompton Greaves Consumer Electricals* (Household Durables)   527,278    1,720,530 
Detsky Mir PJSC (Specialty Retail)   4,849,925    7,642,310 
FirstRand Ltd. (Diversified Financial Services)   1,726,109    3,921,735 
Foshan Haitian Flavouring & Food Co. Ltd., A Shares (Food Products)   863,491    18,567,624 
Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure)   4,148,000    28,259,557 
Grupo Financiero Banorte Sab de CV* (Banks)   2,026,000    7,258,186 
Haidilao International Holding Ltd. (Hotels, Restaurants & Leisure)   2,809,000    12,921,233 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)   393,500    4,367,850 
HDFC Bank Ltd.* (Banks)   2,168,285    29,935,565 
Hindustan Unilever Ltd. (Household Products)   654,388    19,331,378 
Jiangsu Hengrui Medicine Co. Ltd., Class A (Pharmaceuticals)   1,595,452    21,574,434 
KAZ Minerals PLC (Metals & Mining)   1,176,441    8,323,744 
LG Household & Health Care Ltd. (Personal Products)   18,756    21,587,035 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)   6,679,000    21,501,794 
Lojas Renner SA (Multiline Retail)   1,178,540    9,280,003 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)   10,285    11,566,717 
Mr. Price Group Ltd. (Specialty Retail)   537,947    3,988,746 
Nestle India Ltd. (Food Products)   90,742    20,041,540 
New Oriental Education & Technology Group, Inc. ADR* (Diversified Consumer Services)   224,795    31,516,259 
Ping An Healthcare & Technology Co. Ltd.* (Health Care Technology)   1,299,700    22,203,621 
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance)   2,236,000    23,686,869 
Prosus NV* (Internet & Direct Marketing Retail)   155,134    15,001,062 
PT Bank Central Asia TBK (Banks)   10,722,800    23,024,870 
Raia Drogasil SA (Food & Staples Retailing)   391,400    9,359,891 
Rumo SA* (Road & Rail)   2,599,111    11,147,305 
Sberbank of Russia PJSC ADR* (Banks)   718,342    8,559,045 
Shanghai International Airport Co. Ltd., Class A (Transportation Infrastructure)   2,571,018    25,023,175 
Suzano SA* (Paper & Forest Products)   1,200,600    9,723,023 
TAL Education Group ADR* (Diversified Consumer Services)   84,478    6,603,645 
TCS Group Holdings PLC GDR (Banks)   401,549    10,098,957 
Tencent Holdings Ltd. (Interactive Media & Services)   659,300    45,427,311 
Vietnam Dairy Products JSC (Food Products)   1,082,136    4,996,054 
Vipshop Holdings Ltd. ADR* (Internet & Direct Marketing Retail)   90,180   2,053,399 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)   4,067,200    9,574,958 
Yandex NV, Class A* (Interactive Media & Services)   214,501    12,342,387 
TOTAL COMMON STOCKS (Cost $685,294,320)        815,845,678 
Foreign Bond (0.0%)NM          
India (0.0%)NM          
Britannia Industries Ltd., 8.00%, 8/28/22   11,930,100    166,002 
TOTAL FOREIGN BOND (Cost $166,146)        166,002 
TOTAL INVESTMENTS (Cost $685,460,466) — 95.0%        816,011,680 
Other Net Assets (Liabilities) — 5.0%        42,564,544 
NET ASSETS — 100.0%       $858,576,224 

 

* Non-income producing security
NM Not meaningful, amount less than 0.05%

ADR American Depositary Receipt
GDR Global Depositary Receipt

 

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

 

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

 

   Value   % of
Net Assets		 
Airlines  $4,429,629    0.5%
Banks   120,347,146    14.0%
Capital Markets   7,810,598    0.9%
Chemicals   18,385,610    2.1%
Diversified Consumer Services   38,119,904    4.4%
Diversified Financial Services   3,921,735    0.5%
Entertainment   5,756,204    0.7%
Food & Staples Retailing   34,001,199    4.0%
Food Products   64,882,378    7.6%
Health Care Providers & Services   28,998,209    3.4%
Health Care Technology   47,242,679    5.5%
Hotels, Restaurants & Leisure   76,129,235    8.9%
Household Durables   1,720,530    0.2%
Household Products   19,331,378    2.3%
Insurance   23,686,869    2.8%
Interactive Media & Services   57,769,698    6.7%
Internet & Direct Marketing Retail   93,853,187    10.7%
Metals & Mining   8,323,744    1.0%
Multiline Retail   9,280,003    1.1%
Paper & Forest Products   9,723,023    1.1%
Personal Products   21,587,035    2.5%
Pharmaceuticals   21,574,434    2.5%
Real Estate Management & Development   29,833,923    3.5%
Road & Rail   11,147,305    1.3%
Specialty Retail   11,631,056    1.4%
Textiles, Apparel & Luxury Goods   21,501,794    2.5%
Transportation Infrastructure   25,023,175    2.9%
Other Net Assets   42,564,544    5.0%
Total  $858,576,224    100.0%

 

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

 

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

 

   Value   % of
Net Assets		 
Argentina  $11,566,717    1.3%
Brazil   51,750,449    6.0%
China   352,928,548    41.0%
Cyprus   10,098,957    1.2%
Hong Kong   71,972,826    8.4%
India   139,689,992    16.3%
Indonesia   23,024,870    2.7%
Kazakstan   4,367,850    0.5%
Mexico   16,833,144    2.0%
Netherlands   15,001,062    1.7%
Peru   5,298,284    0.6%
Philippines   11,159,712    1.3%
Poland   5,756,204    0.7%
Russia   28,543,742    3.3%
Saudi Arabia   10,135,659    1.2%
South Africa   12,657,255    1.5%
South Korea   21,587,035    2.5%
Thailand   10,319,576    1.2%
United Kingdom   8,323,744    1.0%
Vietnam   4,996,054    0.6%
Other Net Assets   42,564,544    5.0%
Total  $858,576,224    100.0%

 

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