0001752724-22-078848.txt : 20220331 0001752724-22-078848.hdr.sgml : 20220331 20220331092347 ACCESSION NUMBER: 0001752724-22-078848 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220131 FILED AS OF DATE: 20220331 PERIOD START: 20220430 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: 22789515 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 C000090087 C000090086 C000090088 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 2022-04-30 2022-01-31 N 1178497187.84 7540190.26 1170956997.58 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 31249275.91 BRL CAD CNY EUR GBP HKD IDR INR KRW MXN MYR PHP SAR THB TWD USD ZAR N GRAB HOLDINGS LIMITED 549300N4VQX83VPJF439 GRAB HOLDINGS LTD G4124C109 333112.00000000 NS USD 1885413.92000000 0.161014787383 Long EC CORP KY 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 5507800.00000000 NS 18687030.73000000 1.595876771616 Long EC CORP MX N 1 N N N SUZANO S.A. 391200AW174YQSDMGG41 SUZANO SA N/A 1436900.00000000 NS 16056971.16000000 1.371269072492 Long EC CORP BR N 1 N N N RAIA DROGASIL S.A. N/A RAIA DROGASIL SA N/A 2228500.00000000 NS 9763040.33000000 0.833765915415 Long EC CORP BR N 1 N N N FIRSTRAND LIMITED 529900XYOP8CUZU7R671 FIRSTRAND LIMITED N/A 2567909.00000000 NS 10362341.70000000 0.884946391832 Long EC CORP ZA N 2 N N N RUMO S.A. N/A RUMO SA N/A 4129491.00000000 NS 12242327.30000000 1.045497599425 Long EC CORP BR N 1 N N N SBERBANK ROSSII PAO 549300WE6TAF5EEWQS81 SBERBANK OF RUSSIA ADR 80585Y308 1262898.00000000 NS USD 17749350.70000000 1.515798678916 Long CORP RU N 2 N N N China Tourism Group Duty Free Corporation Limited N/A CHINA INTERNATIONAL TRAVEL SERVICE CORP LTD N/A 1151454.00000000 NS 37712385.72000000 3.220646513743 Long EC CORP CN N 2 N N N Li Ning Co Ltd 529900T77L2FV3FZ3U81 LI NING CO LTD N/A 8890500.00000000 NS 86320918.10000000 7.371826487086 Long EC CORP KY N 2 N N N Joint Stock Company Halyk Savings Bank of Kazakhstan 213800NYDTVQM4SDUD67 HALYK SAVINGS BANK OF KAZAKHSTAN JSC - GDR 46627J302 927724.00000000 NS USD 12078673.80000000 1.031521552453 Long CORP KZ N 2 N N N ALIBABA GROUP HOLDING LIMITED 5493001NTNQJDH60PM02 ALIBABA GROUP HOLDING LTD N/A 3557600.00000000 NS 55850219.78000000 4.769621761979 Long EC CORP KY N 2 N N N Nestle India Ltd 3358008SYYY9CPWH5D94 NESTLE INDIA LTD N/A 104294.00000000 NS 25920182.43000000 2.213589609487 Long EC CORP IN N 2 N N N Network International Holdings PLC 213800XVRNKWENNLKK60 NETWORK INTERNATIONAL HOLDINGS PLC N/A 2651761.00000000 NS 9489440.81000000 0.810400452758 Long EC CORP GB N 2 N N N MERCADOLIBRE, INC. 549300DKPDN9M5S8GB14 MERCADOLIBRE INC. 58733R102 13406.00000000 NS USD 15176396.36000000 1.296067779719 Long EC CORP US N 1 N N N PT Bank Central Asia Tbk 254900BR956G2OHVOM21 BANK CENTRAL ASIA PT N/A 89175000.00000000 NS 47553890.41000000 4.061113303757 Long EC CORP ID N 2 N N N ANTA SPORTS PRODUCTS LIMITED 529900291XG0CTK4LF95 ANTA SPORTS PRODUCTS LTD. N/A 669400.00000000 NS 10043132.18000000 0.857685824565 Long EC CORP KY N 2 N N N BYD COMPANY LIMITED 5299005557VL7ULJ7A69 BYD CO. LTD. - H N/A 2744000.00000000 NS 78987158.32000000 6.745521695778 Long EC CORP CN N 2 N N N TENCENT HOLDINGS LIMITED 254900N4SLUMW4XUYY11 TENCENT HOLDINGS LTD N/A 719400.00000000 NS 43911651.91000000 3.750065288541 Long EC CORP KY N 2 N N N Yandex N.V. 549300GGZHJ5Q1B18P93 YANDEX NV N97284108 229401.00000000 NS USD 11025012.06000000 0.941538594737 Long EC CORP NL N 1 N N N Grupo Financiero Banorte, S.A.B. de C.V. N/A GRUPO FINANCIERO BANORTE SAB DE CV N/A 2436143.00000000 NS 15413348.20000000 1.316303521978 Long EC CORP MX N 1 N N N Mr Price Group Ltd 378900D3417C35C5D733 MR PRICE GROUP LTD N/A 922880.00000000 NS 12280738.27000000 1.048777905198 Long EC CORP ZA N 2 N N N China Merchants Bank Co., Ltd. 549300MKO5B60FFIHF58 CHINA MERCHANTS BANK CO LTD N/A 3239000.00000000 NS 27063654.60000000 2.311242398818 Long EC CORP CN N 2 N N N PT Bank Rakyat Indonesia (Persero) Tbk 254900HB6S4B12GBNP64 BANK RAKYAT INDONESIA N/A 56852400.00000000 NS 16145339.04000000 1.378815710001 Long EC CORP ID N 2 N N N Zomato Ltd N/A ZOMATO LTD N/A 1536298.00000000 NS 1871184.43000000 0.159799585626 Long EC CORP IN N 2 N N N Taiwan Semiconductor Manufacturing Co., Ltd. 549300KB6NK5SBD14S87 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD N/A 1187000.00000000 NS 27033471.06000000 2.308664717480 Long EC CORP TW N 2 N N N Banco Bradesco S.A. 549300CTUU1RFXHQJE44 BANCO BRADESCO SA N/A 1731900.00000000 NS 7479793.38000000 0.638776094720 Long EC CORP BR N 1 N N N FRONTERA ENERGY CORPORATION A25574TZFLBNK7NWQT47 FRONTERA ENERGY CORP 35905B107 786000.00000000 NS 6548969.32000000 0.559283503453 Long EC CORP CA N 1 N N N Midea Group Co., Ltd. 3003003TRPHLHZD2IF61 MIDEA GROUP CO LTD-A N/A 3218414.00000000 NS 37427192.47000000 3.196290943847 Long EC CORP CN N 2 N N N ALPHA SERVICES AND HOLDINGS S.A. 5299009N55YRQC69CN08 ALPHA SERVICES AND HOLDIN N/A 9787087.00000000 NS 14746534.23000000 1.259357453815 Long EC CORP GR N 2 N N N HINDUSTAN UNILEVER LIMITED 5493007IW5N37IKRPM32 HINDUSTAN UNILEVER LTD N/A 1002973.00000000 NS 30615357.76000000 2.614558674936 Long EC CORP IN N 2 N N N IHH HEALTHCARE BERHAD N/A IHH HEALTHCARE BHD N/A 7747800.00000000 NS 11943907.74000000 1.020012499578 Long EC CORP MY N 1 N N N NK ROSNEFT' PAO 253400JT3MQWNDKMJE44 OAO ROSNEFT OIL CO. GDR 67812M207 764700.00000000 NS USD 5736435.71000000 0.489892944135 Long CORP RU N 2 N N N Shanghai International Airport Co., Ltd. 3003000CIJ7O6AOQF345 SHANGHAI INTERNATIONAL AIR N/A 1742757.00000000 NS 13854132.65000000 1.183146151279 Long EC CORP CN N 2 N N N CP All Public Company Limited 894500LSBZLM09TY1A91 CP ALL PCL N/A 7394400.00000000 NS 14010654.98000000 1.196513194673 Long CORP TH N 2 N N N Foshan Haitian Flavouring and Food Co Ltd N/A FOSHAN HAITIAN FLAVOURING & FOOD COMPANY LTD N/A 594595.00000000 NS 9031417.39000000 0.771285146138 Long EC CORP CN N 2 N N N LG HOUSEHOLD & HEALTH CARE LTD N/A LG HOUSEHOLD & HEALTH CARE LTD. N/A 43177.00000000 NS 35126170.48000000 2.999783130601 Long EC CORP KR N 2 N N N HDFC BANK LIMITED 335800ZQ6I4E2JXENC50 HDFC BANK LIMITED N/A 2207006.00000000 NS 44254328.77000000 3.779329972104 Long EC CORP IN N 2 N N N LOJAS RENNER S.A. N/A LOJAS RENNER SA N/A 2163548.50000000 NS 11524146.61000000 0.984164801424 Long EC CORP BR N 1 N N N Kakao Corp. 988400FTKUBQXKVZP434 KAKAO CORP N/A 524107.00000000 NS 38037823.23000000 3.248438952806 Long EC CORP KR N 2 N N N TCS GROUP HOLDING PLC 549300XQRN9MR54V1W18 TCS GROUP HOLDINGS PLC GDR 87238U203 128610.00000000 NS USD 9268518.86000000 0.791533666834 Long CORP CY N 2 N N N ASIAN PAINTS LIMITED 335800HEHXGYRUNERD75 ASIAN PAINTS LIMITED N/A 511701.00000000 NS 21573913.94000000 1.842417269343 Long EC CORP IN N 2 N N N APOLLO HOSPITALS ENTERPRISE LIMITED 3358005YT7JQCWYLTG43 APOLLO HOSPITALS ENTERPRISE N/A 460068.00000000 NS 27554757.87000000 2.353182732324 Long EC CORP IN N 2 N N N SEA LIMITED 529900OM6JLLW44YKI15 SEA LTD-ADR 81141R100 98681.00000000 NS USD 14832741.11000000 1.266719541422 Long CORP KY N 1 N N N BRITANNIA INDUSTRIES LTD 335800RRN5EVHNNAXN80 BRITANNIA INDUSTRIES LTD N/A 314327.00000000 NS 14914022.80000000 1.273661016657 Long EC CORP IN N 2 N N N JD.COM, INC. 549300HVTWB0GJZ16V92 JD.COM INC N/A 246707.14460000 NS 9200026.25000000 0.785684382006 Long EC CORP KY N 2 N N N Haier Smart Home Co., Ltd. 3003002BYTNGNJTWSH07 QINGDAO HAIER CO LIMITED N/A 970580.00000000 NS 4250598.31000000 0.363002084515 Long EC CORP CN N 2 N N N Locaweb Servicos de Internet SA N/A LOCAWEB SERVICOS DE INTERNET N/A 2464700.00000000 NS 4530818.00000000 0.386932911231 Long EC CORP BR N 1 N N N Al Rajhi Banking & Investment Corporation SJSC 558600BQZS4Y1DTU8589 AL RAJHI BANK N/A 516061.00000000 NS 20437600.26000000 1.745375816724 Long EC CORP SA N 2 N N N X5 RETAIL GROUP NV 213800J17UJJJDGUVF56 X5 RETAIL GROUP NV - GDR 98387E205 573800.00000000 NS USD 13022305.55000000 1.112107923426 Long CORP NL N 2 N N N Nu Holdings Ltd 5493002DG1RHWK9W2X27 NU HOLDINGS LTD/CAYMAN ISLANDS G6683N103 682900.00000000 NS USD 5067118.00000000 0.432733055993 Long EC CORP KY N 1 N N N CLICKS GROUP LIMITED 378900E967958A677472 CLICKS GROUP LTD. N/A 481000.00000000 NS 9240570.50000000 0.789146870388 Long EC CORP ZA N 1 N N N AYALA LAND INC. 254900EWT10TQ6DKTV34 AYALA LAND INC. N/A 17353405.00000000 NS 12246479.24000000 1.045852176067 Long EC CORP PH N 2 N N N Ozon Holdings PLC 213800GXSI7E5V776B13 OZON HOLDINGS PLC 69269L104 221400.00000000 NS USD 4576338.00000000 0.390820329820 Long CORP CY N 1 N N N NAVER Corporation 988400ULUQYDB2HQYJ61 NAVER CORP N/A 163215.00000000 NS 43248318.81000000 3.693416487486 Long EC CORP KR N 2 N N N XPENG INC. N/A XPENG INC N/A 1698800.00000000 NS 29374624.24000000 2.508599743688 Long EC CORP KY N 2 N N N BRITANNIA INDUSTRIES LTD 335800RRN5EVHNNAXN80 BRITANNIA INDUSTRIES LTD N/A 9985483.00000000 PA 133034.59000000 0.011361184934 Long DBT CORP IN N 2 2024-06-03 Fixed 5.50000000 N N N N N N 2022-03-02 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  January 31, 2022 (Unaudited)

 

   Shares   Value 
Common Stocks (95.7%)          
AIA Group Ltd. (Insurance)    95,400   $990,977 
AL Rajhi Bank (Banks)    20,569    814,596 
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)    69,080    1,084,476 
Alpha Services and Holdings SA* (Banks)    363,188    547,228 
Banco Bradesco SA, Preference Shares (Banks)    62,500    269,927 
BYD Co. Ltd., Class H (Automobiles)    24,000    690,850 
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)    35,700    1,169,245 
Clicks Group Ltd. (Food & Staples Retailing)    19,400    372,697 
Dalmia Bharat Ltd. (Construction Materials)    26,020    622,673 
FirstRand Ltd. (Diversified Financial Services)    94,595    381,721 
Frontera Energy Corp.* (Oil, Gas & Consumable Fuels)    36,300    302,452 
GAIL India Ltd. (Gas Utilities)    527,269    1,023,713 
Ganfeng Lithium Co. Ltd., Class H (Metals & Mining)    50,000    791,942 
Grab Holdings Ltd.* (Internet & Direct Marketing Retail)    106,363    602,015 
Grupo Financiero Banorte Sab de CV (Banks)    99,200    627,633 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)    29,800    387,987 
HDFC Bank Ltd. (Banks)    44,270    887,691 
Hindalco Industries Ltd. (Metals & Mining)    106,148    697,795 
Hyundai Motor Co. (Automobiles)    4,463    716,329 
ICICI Bank Ltd. (Banks)    264,211    2,799,095 
IHH Healthcare Berhad (Health Care Providers & Services)    866,000    1,335,014 
Infosys Ltd. (IT Services)    28,128    657,864 
JD.com, Inc., Class A* (Internet & Direct Marketing Retail)    1,143    42,619 
Kingdee International Software Group Co., Ltd.* (Software)    39,000    89,547 
Lemon Tree Hotels Ltd.* (Hotels, Restaurants & Leisure)    1,148,033    808,560 
LG Chem Ltd. (Chemicals)    2,166    1,162,982 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)    14,500    140,785 
Locaweb Servicos de Internet SA (IT Services)    89,300    164,159 
Lojas Renner SA (Multiline Retail)    76,115    405,426 
LONGi Green Energy Technology Co. Ltd. (Semiconductors & Semiconductor Equipment)    60,297    678,467 
Mahindra & Mahindra Ltd. (Automobiles)    68,438    814,012 
Mando Corp.* (Auto Components)    11,386    497,592 
MediaTek, Inc. (Semiconductors & Semiconductor Equipment)    31,000    1,208,797 
Meituan, Class B* (Internet & Direct Marketing Retail)    76,300    2,170,938 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)    471    533,200 
Mr. Price Group Ltd. (Specialty Retail)    33,931    451,519 
Narayana Hrudayalaya Ltd.* (Health Care Providers & Services)    132,359    1,150,050 
NAVER Corp. (Interactive Media & Services)    2,143    567,847 
Network International Holdings PLC* (IT Services)    100,833    360,835 
Novatek PJSC GDR (Oil, Gas & Consumable Fuels)    1,850    392,787 
NU Holdings Ltd., Class A* (Banks)    23,700    175,854 
Ozon Holdings PLC ADR* (Internet & Direct Marketing Retail)    12,600    260,442 
Phu Nhuan Jewelry JSC (Textiles, Apparel & Luxury Goods)    225,970    1,045,588 
POSCO (Metals & Mining)    3,893    880,214 
Prestige Estates Projects, Ltd. (Real Estate Management & Development)    108,921    724,534 
Prudential PLC (Insurance)    53,300    892,065 
PT Bank Rakyat Indonesia Persero TBK (Banks)    4,192,000    1,190,473 
Raia Drogasil SA (Food & Staples Retailing)    91,800    402,175 
Reliance Industries Ltd. (Oil, Gas & Consumable Fuels)    35,499    1,135,416 
Riyue Heavy Industry Co., Ltd. (Machinery)    223,294    982,791 
Rosneft Oil Co. PJSC GDR (Oil, Gas & Consumable Fuels)    28,500    213,794 
Rumo SA* (Road & Rail)    155,217    460,158 
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)    25,025    1,550,318 
Samsung Electronics Co. Ltd. Pref. (Technology Hardware, Storage & Peripherals)    19,719    1,105,446 
Sberbank of Russia PJSC ADR (Banks)    47,480    667,306 
Sea Ltd. ADR* (Entertainment)    6,005    902,611 
Shinhan Financial Group Co. Ltd. (Banks)    35,748    1,143,882 
Sino Biopharmaceutiical, Ltd. (Pharmaceuticals)    887,000    611,175 
Sona Blw Precision Forgings Ltd.* (Auto Components)    18,540    160,354 
Standard Chartered PLC (Banks)    191,400    1,372,263 
Suzano SA (Paper & Forest Products)    53,500    597,848 
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)    145,000    3,302,319 
Techtronic Industries Co. Ltd. (Machinery)    47,500    779,807 
Tencent Holdings Ltd. (Interactive Media & Services)    30,100    1,837,282 
Tongwei Co. Ltd., Class A (Food Products)    107,939    647,888 
Trip.com Group Ltd. ADR* (Internet & Direct Marketing Retail)    26,059    693,430 
Vietnam Technological & Commercial Joint Stock Bank* (Banks)    596,880    1,397,932 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)    206,400    700,280 
X5 Retail Group NV GDR (Food & Staples Retailing)    21,820    495,202 
Yandex NV US, Class A* (Interactive Media & Services)    7,580    364,295 
Yandex NV Russia, Class A* (Interactive Media & Services)    2,500    120,150 
Zomato Ltd.* (Internet & Direct Marketing Retail)    255,442    311,124 
TOTAL COMMON STOCKS          
(Cost $54,288,173)         56,538,458 
TOTAL INVESTMENTS          
(Cost $54,288,173) — 95.7%         56,538,458 
Other Net Assets (Liabilities) — 4.3%         2,532,280 
NET ASSETS — 100.0%        $59,070,738 

 

* Non-income producing security

ADR American Depositary Receipt
GDR Global Depositary Receipt

 

1

 

 

Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Fund  January 31, 2022 (Unaudited)

 

The Emerging Markets Fund invested in the following industries as of January 31, 2022:

 

   Value   % of
Net Assets		 
Auto Components   $657,946    1.1%
Automobiles    2,221,191    3.8%
Banks    12,281,867    21.0%
Chemicals    1,162,982    2.0%
Construction Materials    622,673    1.1%
Diversified Financial Services    381,721    0.6%
Entertainment    902,611    1.5%
Food & Staples Retailing    1,970,354    3.2%
Food Products    647,888    1.1%
Gas Utilities    1,023,713    1.7%
Health Care Providers & Services    2,485,064    4.3%
Hotels, Restaurants & Leisure    1,977,805    3.4%
Insurance    1,883,042    3.2%
Interactive Media & Services    2,889,574    4.9%
Internet & Direct Marketing Retail    5,698,244    9.6%
IT Services    1,182,858    2.0%
Machinery    1,762,598    3.0%
Metals & Mining    2,369,951    4.0%
Multiline Retail    405,426    0.7%
Oil, Gas & Consumable Fuels    2,044,449    3.4%
Paper & Forest Products    597,848    0.9%
Pharmaceuticals    611,175    1.0%
Real Estate Management & Development    724,534    1.2%
Road & Rail    460,158    0.8%
Semiconductors & Semiconductor Equipment    5,189,583    8.7%
Software    89,547    0.2%
Specialty Retail    451,519    0.8%
Technology Hardware, Storage & Peripherals    2,655,764    4.5%
Textiles, Apparel & Luxury Goods    1,186,373    2.0%
Other Net Assets    2,532,280    4.3%
Total   $59,070,738    100.0%

 

The Emerging Markets Fund invested in securities with exposure to the following countries as of January 31, 2022:

 

   Value   % of
Net Assets		 
Argentina   $533,200    0.9%
Brazil    2,475,547    4.2%
China    11,020,260    18.7%
Colombia    302,452    0.5%
Cyprus    260,442    0.4%
Greece    547,228    0.9%
Hong Kong    3,754,222    6.4%
India    11,792,881    20.1%
Indonesia    1,190,473    2.0%
Kazakstan    387,987    0.7%
Mexico    1,327,913    2.2%
Russia    2,253,534    3.8%
Saudi Arabia    814,596    1.4%
Singapore    1,504,626    2.5%
South Africa    1,205,937    2.0%
South Korea    8,959,624    15.2%
Taiwan    4,511,116    7.6%
United Arab Emirates    360,835    0.6%
United Kingdom    892,065    1.5%
Vietnam    2,443,520    4.1%
Other Net Assets    2,532,280    4.3%
Total   $59,070,738    100.0%

 

2

 

 

Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Great Consumer Fund  January 31, 2022 (Unaudited)

 

   Shares   Value 
Common Stocks (97.9%)          
AL Rajhi Bank (Banks)    516,061   $20,437,600 
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)    3,557,600    55,850,220 
Alpha Services and Holdings SA* (Banks)    9,787,087    14,746,534 
ANTA Sports Products Ltd. (Textiles, Apparel & Luxury Goods)    669,400    10,043,132 
Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services)    460,068    27,554,758 
Asian Paints Ltd. (Chemicals)    511,701    21,573,914 
Ayala Land, Inc. (Real Estate Management & Development)    17,353,405    12,246,479 
Banco Bradesco SA, Preference Shares (Banks)    1,731,900    7,479,793 
Britannia Industries Ltd. (Food Products)    314,327    14,914,023 
BYD Co. Ltd., Class H (Automobiles)    2,744,000    78,987,159 
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)    1,151,454    37,712,386 
China Merchants Bank Co. Ltd. (Banks)    3,239,000    27,063,655 
Clicks Group Ltd. (Food & Staples Retailing)    481,000    9,240,571 
CP All Public Co. Ltd. (Food & Staples Retailing)    7,394,400    14,010,655 
FirstRand Ltd. (Diversified Financial Services)    2,567,909    10,362,342 
Foshan Haitian Flavouring & Food Co. Ltd., A Shares (Food Products)    594,595    9,031,417 
Frontera Energy Corp.* (Oil, Gas & Consumable Fuels)    786,000    6,548,969 
Grab Holdings Ltd.* (Internet & Direct Marketing Retail)    333,112    1,885,414 
Grupo Financiero Banorte Sab de CV (Banks)    2,436,143    15,413,348 
Haier Smart Home Co. Ltd., Class A (Household Durables)    970,580    4,250,598 
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)    927,724    12,078,674 
HDFC Bank Ltd. (Banks)    2,207,006    44,254,329 
Hindustan Unilever Ltd. (Household Products)    1,002,973    30,615,358 
IHH Healthcare Berhad (Health Care Providers & Services)    7,747,800    11,943,908 
JD.com, Inc., Class A* (Internet & Direct Marketing Retail)    246,707    9,200,026 
Kakao Corp. (Interactive Media & Services)    524,107    38,037,823 
LG Household & Health Care Ltd. (Personal Products)    43,177    35,126,170 
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)    8,890,500    86,320,918 
Locaweb Servicos de Internet SA (IT Services)    2,464,700    4,530,818 
Lojas Renner SA (Multiline Retail)    2,163,549    11,524,147 
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)    13,406    15,176,396 
Midea Group Co. Ltd., Class A (Household Durables)    3,218,414    37,427,193 
Mr. Price Group Ltd. (Specialty Retail)    922,880    12,280,737 
NAVER Corp. (Interactive Media & Services)    163,215    43,248,319 
Nestle India Ltd. (Food Products)    104,294    25,920,182 
Network International Holdings PLC* (IT Services)    2,651,761    9,489,441 
NU Holdings Ltd., Class A* (Banks)    682,900    5,067,118 
Ozon Holdings PLC ADR* (Internet & Direct Marketing Retail)    221,400    4,576,338 
PT Bank Central Asia TBK (Banks)    89,175,000    47,553,890 
PT Bank Rakyat Indonesia Persero TBK (Banks)    56,852,400    16,145,339 
Raia Drogasil SA (Food & Staples Retailing)    2,228,500    9,763,040 
Rosneft Oil Co. PJSC GDR (Oil, Gas & Consumable Fuels)    764,700    5,736,436 
Rumo SA* (Road & Rail)    4,129,491    12,242,327 
Sberbank of Russia PJSC ADR (Banks)    1,262,898    17,749,350 
Sea Ltd. ADR* (Entertainment)    98,681    14,832,741 
Shanghai International Airport Co. Ltd., Class A* (Transportation Infrastructure)    1,742,757    13,854,133 
Suzano SA (Paper & Forest Products)    1,436,900    16,056,972 
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)    1,187,000    27,033,471 
TCS Group Holdings PLC GDR (Banks)    128,610    9,268,519 
Tencent Holdings Ltd. (Interactive Media & Services)    719,400   43,911,652 
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing)    5,507,800    18,687,031 
X5 Retail Group NV GDR (Food & Staples Retailing)    573,800    13,022,306 
Xpeng, Inc., A Shares* (Automobiles)    1,698,800    29,374,624 
Yandex NV Russia, Class A* (Interactive Media & Services)    53,100    2,551,986 
Yandex NV US, Class A* (Interactive Media & Services)    176,301    8,473,026 
Zomato Ltd.* (Internet & Direct Marketing Retail)    1,536,298    1,871,184 
TOTAL COMMON STOCKS          
(Cost $1,142,000,500)         1,144,298,889 
Foreign Bond (0.0%)NM          
India (0.0%)NM          
Britannia Industries Ltd., 5.50%, 6/3/24+    9,985,483    133,035 
TOTAL FOREIGN BOND          
(Cost $136,982)         133,035 
TOTAL INVESTMENTS          
(Cost $1,142,137,482) — 97.9%         1,144,431,924 
 Other Net Assets (Liabilities) — 2.1%         24,691,694 
NET ASSETS — 100.0%        $1,169,123,618 

 

* 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

 

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Mirae Asset Discovery Funds  Schedule of Portfolio Investments
Emerging Markets Great Consumer Fund  January 31, 2022 (Unaudited)

 

The Emerging Markets Great Consumer Fund invested in the following industries as of January 31, 2022:

 

   Value   % of
Net Assets		 
Automobiles   $108,361,783    9.3%
Banks    237,258,149    20.3%
Chemicals    21,573,914    1.8%
Diversified Financial Services    10,362,342    0.9%
Entertainment    14,832,741    1.2%
Food & Staples Retailing    64,723,603    5.5%
Food Products    49,998,657    4.3%
Health Care Providers & Services    39,498,666    3.4%
Hotels, Restaurants & Leisure    37,712,386    3.2%
Household Durables    41,677,791    3.6%
Household Products    30,615,358    2.6%
Interactive Media & Services    136,222,806    11.7%
Internet & Direct Marketing Retail    88,559,578    7.7%
IT Services    14,020,259    1.2%
Multiline Retail    11,524,147    1.0%
Oil, Gas & Consumable Fuels    12,285,405    1.1%
Paper & Forest Products    16,056,972    1.4%
Personal Products    35,126,170    3.0%
Real Estate Management & Development    12,246,479    1.0%
Road & Rail    12,242,327    1.0%
Semiconductors & Semiconductor Equipment    27,033,471    2.3%
Specialty Retail    12,280,737    1.0%
Textiles, Apparel & Luxury Goods    96,364,050    8.2%
Transportation Infrastructure    13,854,133    1.2%
Other Net Assets    24,691,694    2.1%
Total   $1,169,123,618    100.0%

 

The Emerging Markets Great Consumer Fund invested in securities with exposure to the following countries as of January 31, 2022:

 

   Value   % of
Net Assets		 
Argentina   $15,176,396    1.3%
Brazil    66,664,215    5.7%
China    443,027,113    38.0%
Colombia    6,548,969    0.6%
Cyprus    13,844,857    1.2%
Greece    14,746,534    1.3%
India    166,836,783    14.3%
Indonesia    63,699,229    5.4%
Kazakstan    12,078,674    1.0%
Mexico    34,100,379    2.9%
Philippines    12,246,479    1.0%
Russia    47,533,104    4.1%
Saudi Arabia    20,437,600    1.7%
Singapore    16,718,155    1.4%
South Africa    31,883,650    2.7%
South Korea    128,356,220    11.0%
Taiwan    27,033,471    2.3%
Thailand    14,010,655    1.2%
United Arab Emirates    9,489,441    0.8%
Other Net Assets    24,691,694    2.1%
Total   $1,169,123,618    100.0%

 

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