NPORT-EX 2 5530_0001489215.htm

 

Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Fund  July 31, 2021 (Unaudited)

 

   Shares   Value 
Common Stocks (101.1%)          
AIA Group Ltd. (Insurance)    154,600   $1,852,201 
AL Rajhi Bank (Banks)    23,669    700,584 
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)    94,880    2,307,625 
Alpha Services and Holdings SA* (Banks)    278,538    360,272 
Banco BTG Pactual SA (Capital Markets)    69,300    387,920 
China Merchants Bank Co. Ltd. (Banks)    141,000    1,074,161 
China Petroleum & Chemical Corp. (Oil, Gas & Consumable Fuels)    1,870,000    856,683 
Clicks Group Ltd. (Food & Staples Retailing)    18,100    327,702 
Dalmia Bharat Ltd.* (Construction Materials)    23,666    680,338 
Detsky Mir PJSC (Specialty Retail)    227,554    436,577 
FirstRand Ltd. (Diversified Financial Services)    102,395    380,173 
Ganfeng Lithium Co. Ltd., Class H (Metals & Mining)    49,600    1,064,011 
Grupo Aeroporturaio del Pacifico SAB de CV, Class B (Transportation Infrastructure)    24,700    282,618 
Grupo Financiero Banorte Sab de CV (Banks)    117,400    759,691 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)    20,600    307,352 
HDFC Bank Ltd. (Banks)    37,879    726,146 
Hindalco Industries Ltd. (Metals & Mining)    145,115    867,453 
Hon Hai Precision Industry Co. Ltd. (Electronic Equipment, Instruments & Components)    123,000    483,906 
Hyundai Motor Co. (Automobiles)    6,658    1,261,906 
ICICI Bank Ltd. (Banks)    264,211    2,423,383 
Infosys Ltd. (IT Services)    39,291    850,399 
Lemon Tree Hotels Ltd.* (Hotels, Restaurants & Leisure)    1,202,053    665,564 
LG Chem Ltd. (Chemicals)    1,737    1,271,565 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)    85,000    895,842 
Locaweb Servicos de Internet SA (IT Services)    64,800    311,214 
Lojas Renner SA (Multiline Retail)    62,268    494,437 
LONGi Green Energy Technology Co. Ltd. (Semiconductors & Semiconductor Equipment)    75,817    1,009,030 
Mahindra & Mahindra Ltd. (Automobiles)    55,625    555,502 
Mando Corp.* (Auto Components)    13,682    731,562 
MediaTek, Inc. (Semiconductors & Semiconductor Equipment)    47,000    1,529,685 
Meituan, Class B* (Internet & Direct Marketing Retail)    37,600    1,040,291 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)    369    578,850 
Mr. Price Group Ltd. (Specialty Retail)    22,331    332,497 
Narayana Hrudayalaya Ltd.* (Health Care Providers & Services)    149,516    984,282 
NAVER Corp. (Interactive Media & Services)    3,387    1,276,530 
Network International Holdings PLC* (IT Services)    63,233    299,498 
Novatek PJSC GDR (Oil, Gas & Consumable Fuels)    1,950    434,070 
Phu Nhuan Jewelry JSC (Textiles, Apparel & Luxury Goods)    225,970    943,265 
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance)    118,500    1,039,233 
POSCO (Metals & Mining)    2,917    929,474 
Prosus NV (Internet & Direct Marketing Retail)    9,675    858,942 
PT Bank Rakyat Indonesia Persero TBK (Banks)    3,114,800    799,164 
Raia Drogasil SA (Food & Staples Retailing)    112,800    547,808 
Rede D'Or Sao Luiz SA (Health Care Providers & Services)    38,400    510,722 
Reliance Industries Ltd. (Oil, Gas & Consumable Fuels)    36,682    1,003,345 
Rumo SA* (Road & Rail)    147,517    582,987 
Samsung Electronics Co. Ltd. Pref. (Technology Hardware, Storage & Peripherals)    17,277    1,083,004 
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)    31,996    2,183,694 
Sberbank of Russia PJSC ADR (Banks)    42,530    708,125 
Sea Ltd. ADR* (Entertainment)    4,015    1,108,782 
Shinhan Financial Group Co. Ltd. (Banks)    40,084    1,364,362 
Sona Blw Precision Forgings Ltd.* (Auto Components)    148,023   873,795 
Standard Chartered PLC (Banks)    215,950    1,310,278 
Suzano SA* (Paper & Forest Products)    39,000    407,038 
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)    81,000    1,680,257 
Techtronic Industries Co. Ltd. (Household Durables)    43,000    768,598 
Tencent Holdings Ltd. (Interactive Media & Services)    44,900    2,767,646 
Titan Co. Ltd. (Textiles, Apparel & Luxury Goods)    4,981    114,772 
Tongwei Co. Ltd., Class A (Food Products)    205,339    1,374,673 
Trip.com Group Ltd. ADR* (Internet & Direct Marketing Retail)    43,763    1,134,775 
Vietnam Technological & Commercial Joint Stock Bank* (Banks)    803,880    1,789,903 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)    215,900    711,451 
Yandex NV U.S., Class A* (Interactive Media & Services)    8,680    589,632 
Yandex NV Russia, Class A* (Interactive Media & Services)    2,100    142,653 
Zomato Ltd.* (Internet & Direct Marketing Retail)    1,641,510    2,945,055 
TOTAL COMMON STOCKS
 (Cost $51,899,869) 		        61,074,953 
TOTAL INVESTMENTS
 (Cost $51,899,869) — 101.1% 		       $61,074,953 
 Other Net Assets (Liabilities) — (1.1)%         (645,130)
NET ASSETS — 100.0%        $60,429,823 

 

* Non-income producing security

ADR American Depositary Receipt
GDR Global Depositary Receipt
 

 

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Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Fund  July 31, 2021 (Unaudited)

 

The Emerging Markets Fund invested in the following industries as of July 31, 2021:

 

   Value   % of
Net Assets		 
Auto Components   $1,605,357    2.6%
Automobiles    1,817,408    3.0%
Banks    12,323,421    20.5%
Capital Markets    387,920    0.6%
Chemicals    1,271,565    2.1%
Construction Materials    680,338    1.1%
Diversified Financial Services    380,173    0.6%
Electronic Equipment, Instruments & Components    483,906    0.8%
Entertainment    1,108,782    1.8%
Food & Staples Retailing    1,586,961    2.6%
Food Products    1,374,673    2.3%
Health Care Providers & Services    1,495,004    2.4%
Hotels, Restaurants & Leisure    665,564    1.1%
Household Durables    768,598    1.3%
Insurance    2,891,434    4.7%
Interactive Media & Services    4,776,461    7.9%
Internet & Direct Marketing Retail    8,865,538    14.7%
IT Services    1,461,111    2.4%
Metals & Mining    2,860,938    4.7%
Multiline Retail    494,437    0.8%
Oil, Gas & Consumable Fuels    2,294,098    3.8%
Paper & Forest Products    407,038    0.7%
Road & Rail    582,987    1.1%
Semiconductors & Semiconductor Equipment    4,218,972    7.0%
Specialty Retail    769,074    1.3%
Technology Hardware, Storage & Peripherals    3,266,698    5.4%
Textiles, Apparel & Luxury Goods    1,953,879    3.3%
Transportation Infrastructure    282,618    0.5%
Other Net Assets    (645,130)   (1.1)%
Total   $60,429,823    100.0%

 

The Emerging Markets Fund invested in securities with exposure to the following countries as of July 31, 2021:

 

   Value   % of
Net Assets		 
Argentina   $578,850    1.0%
Brazil    3,242,126    5.4%
China    14,563,970    24.2%
Greece    360,272    0.6%
Hong Kong    3,931,077    6.5%
India    12,690,034    21.0%
Indonesia    799,164    1.3%
Kazakstan    307,352    0.5%
Mexico    1,753,760    2.9%
Netherlands    858,942    1.4%
Russia    2,311,057    3.8%
Saudi Arabia    700,584    1.2%
Singapore    1,108,782    1.8%
South Africa    1,040,372    1.7%
South Korea    10,102,097    16.7%
Taiwan    3,693,848    6.1%
United Arab Emirates    299,498    0.5%
Vietnam    2,733,168    4.5%
Other Net Assets    (645,130)   (1.1)%
Total   $60,429,823    100.0%

 

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Mirae Asset Discovery Funds  Schedule of Portfolio Investments

Emerging Markets Great Consumer Fund

  July 31, 2021 (Unaudited)

 

   Shares   Value 
Common Stocks (94.3%)        
AL Rajhi Bank (Banks)    769,961   $22,790,238 
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)    1,341,000    32,615,141 
Alpha Services and Holdings SA* (Banks)    8,745,037    11,311,188 
Amorepacific Corp. (Personal Products)    202,303    38,958,542 
ANTA Sports Products Ltd. (Textiles, Apparel & Luxury Goods)    1,139,000    24,814,719 
Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services)    438,174    23,760,679 
Asian Paints Ltd. (Chemicals)    511,701    20,344,602 
Ayala Land, Inc. (Real Estate Management & Development)    17,353,405    11,355,940 
Banco BTG Pactual SA (Capital Markets)    2,287,500    12,804,729 
Britannia Industries Ltd. (Food Products)    344,327    15,841,541 
BYD Co. Ltd., H Shares (Automobiles)    1,478,000    45,457,025 
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)    1,800,743    67,222,086 
China Merchants Bank Co. Ltd. (Banks)    6,252,500    47,632,578 
Clicks Group Ltd. (Food & Staples Retailing)    586,100    10,611,383 
CP All Public Co. Ltd. (Food & Staples Retailing)    9,963,600    17,887,590 
Detsky Mir PJSC (Specialty Retail)    7,461,438    14,315,248 
FirstRand Ltd. (Diversified Financial Services)    3,262,509    12,113,078 
Foshan Haitian Flavouring & Food Co. Ltd., A Shares (Food Products)    731,819    12,995,203 
Galaxy Entertainment Group Ltd.* (Hotels, Restaurants & Leisure)    7,000,000    47,471,979 
Geely Automobile Holdings Ltd. (Automobiles)    8,439,000    28,181,041 
Grupo Aeroporturaio del Pacifico SAB de CV, Class B (Transportation Infrastructure)    764,200    8,743,994 
Grupo Financiero Banorte Sab de CV (Banks)    3,806,243    24,630,071 
Haidilao International Holding Ltd. (Hotels, Restaurants & Leisure)    3,922,000    14,737,341 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)    651,924    9,726,706 
HDFC Bank Ltd. (Banks)    3,123,344    59,874,938 
Hindustan Unilever Ltd. (Household Products)    1,479,192    46,383,533 
Hyundai Motor Co. (Automobiles)    246,231    46,668,717 
JD.com, Inc., Class A* (Internet & Direct Marketing Retail)    898,050    31,965,490 
Kakao Corp. (Interactive Media & Services)    696,294    88,989,061 
LG Household & Health Care Ltd. (Personal Products)    34,770    44,104,877 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)    8,594,500    90,580,185 
Locaweb Servicos de Internet SA (IT Services)    2,001,500    9,612,581 
Lojas Renner SA (Multiline Retail)    2,108,835    16,745,142 
Maruti Suzuki India Ltd. (Automobiles)    186,187    17,459,441 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)    12,497    19,604,044 
Midea Group Co. Ltd., Class A (Household Durables)    2,175,547    21,401,972 
Mr. Price Group Ltd. (Specialty Retail)    711,247    10,590,105 
NAVER Corp. (Interactive Media & Services)    169,239    63,784,652 
Nestle India Ltd. (Food Products)    147,876    35,180,716 
Network International Holdings PLC* (IT Services)    2,012,361    9,531,397 
Pinduoduo, Inc. ADR* (Internet & Direct Marketing Retail)    136,208    12,478,015 
Ping An Healthcare & Technology Co. Ltd.* (Health Care Technology)    2,484,000    23,174,922 
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance)    3,566,000    31,273,456 
Prosus NV (Internet & Direct Marketing Retail)    338,954    30,092,168 
PT Bank Central Asia TBK (Banks)    21,441,400    44,261,811 
Raia Drogasil SA (Food & Staples Retailing)    3,792,400    18,417,628 
Rede D'Or Sao Luiz SA (Health Care Providers & Services)    1,203,000    15,999,958 
Rumo SA* (Road & Rail)    4,936,591    19,509,369 
Sberbank of Russia PJSC ADR (Banks)    1,352,148    22,513,264 
Sea Ltd. ADR* (Entertainment)    32,271    8,911,959 
Shanghai International Airport Co. Ltd., Class A* (Transportation Infrastructure)    4,132,562   24,676,693 
Suzano SA* (Paper & Forest Products)    1,279,100    13,349,800 
TCS Group Holdings PLC GDR (Banks)    171,010    14,145,947 
Tencent Holdings Ltd. (Interactive Media & Services)    601,100    37,051,937 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)    6,757,700    22,268,505 
Yandex NV U.S., Class A* (Interactive Media & Services)    176,301    11,976,127 
Yandex NV Russia, Class A* (Interactive Media & Services)    182,400    12,390,432 
Zomato Ltd.* (Internet & Direct Marketing Retail)    2,434,940    4,368,559 
TOTAL COMMON STOCKS          
(Cost $1,428,624,000)         1,555,660,043 
Foreign Bonds (0.0%)NM          
India (0.0%)NM          
Britannia Industries Ltd., 5.50%, 6/3/24+    9,985,483    134,620 
Britannia Industries Ltd., 8.00%, 8/28/22+    11,930,100    166,241 
         300,861 
TOTAL FOREIGN BONDS          
(Cost $303,128)         300,861 
TOTAL INVESTMENTS          
(Cost $1,428,927,128) — 94.3%        $1,555,960,904 
Other Net Assets (Liabilities) — 5.7%         93,228,481 
NET ASSETS — 100.0%        $1,649,189,385 

 

* Non-income producing security
+ The principal amount is disclosed in local currency and the fair value is disclosed in U.S. Dollars.
NM Not meaningful, amount less than 0.05%

ADR American Depositary Receipt
GDR Global Depositary Receipt

 

The Emerging Markets Great Consumer Fund invested in the following industries as of July 31, 2021:

 

   Value   % of
Net Assets		 
Automobiles   $137,766,224    8.4%
Banks    256,886,741    15.7%
Capital Markets    12,804,729    0.8%
Chemicals    20,344,602    1.2%
Diversified Financial Services    12,113,078    0.8%
Entertainment    8,911,959    0.5%
Food & Staples Retailing    69,185,106    4.2%
Food Products    64,318,321    3.9%
Health Care Providers & Services    39,760,637    2.4%
Health Care Technology    23,174,922    1.4%
Hotels, Restaurants & Leisure    129,431,406    7.8%
Household Durables    21,401,972    1.3%
Household Products    46,383,533    2.8%
Insurance    31,273,456    1.9%
Interactive Media & Services    214,192,209    12.9%
Internet & Direct Marketing Retail    131,123,417    8.0%
IT Services    19,143,978    1.2%
Multiline Retail    16,745,142    1.0%
Paper & Forest Products    13,349,800    0.8%
Personal Products    83,063,419    5.0%
Real Estate Management & Development    11,355,940    0.7%
Road & Rail    19,509,369    1.2%
Specialty Retail    24,905,353    1.5%
Textiles, Apparel & Luxury Goods    115,394,904    6.9%
Transportation Infrastructure    33,420,687    2.0%
Other Net Assets    93,228,481    5.7%
Total   $1,649,189,385    100.0%

 

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Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Great Consumer Fund  July 31, 2021 (Unaudited)

 

The Emerging Markets Great Consumer Fund invested in securities with exposure to the following countries as of July 31, 2021:

 

   Value   % of
Net Assets		 
Argentina   $19,604,044    1.2%
Brazil    106,439,207    6.5%
China    546,257,804    33.0%
Cyprus    14,145,947    0.9%
Greece    11,311,188    0.7%
Hong Kong    47,471,979    2.9%
India    223,514,870    13.5%
Indonesia    44,261,811    2.7%
Kazakstan    9,726,706    0.6%
Mexico    55,642,570    3.4%
Netherlands    30,092,168    1.8%
Philippines    11,355,940    0.7%
Russia    61,195,071    3.7%
Saudi Arabia    22,790,238    1.4%
Singapore    8,911,959    0.5%
South Africa    33,314,566    2.0%
South Korea    282,505,849    17.1%
Thailand    17,887,590    1.1%
United Arab Emirates    9,531,397    0.6%
Other Net Assets    93,228,481    5.7%
Total   $1,649,189,385    100.0%

 

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