NPORT-EX 2 5530_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

 

3

 

 

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%

 

4