Mirae Asset Discovery Funds | Schedule of Portfolio Investments | |
Emerging Markets Fund | January 31, 2021 (Unaudited) |
Shares | Value | |||||||
Common Stocks (96.9%) | ||||||||
AL Rajhi Bank (Banks) | 30,369 | $ | 591,152 | |||||
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail) | 100,080 | 3,194,391 | ||||||
Banco BTG Pactual SA (Capital Markets) | 27,900 | 483,124 | ||||||
CD Projekt SA* (Entertainment) | 4,292 | 351,845 | ||||||
China Petroleum & Chemical Corp. (Oil, Gas & Consumable Fuels) | 2,580,000 | 1,228,377 | ||||||
Cipla Ltd. (Pharmaceuticals) | 57,660 | 652,750 | ||||||
Clicks Group Ltd. (Food & Staples Retailing) | 18,100 | 297,735 | ||||||
Credicorp Ltd. (Banks) | 2,950 | 443,474 | ||||||
Dalmia Bharat Ltd. (Construction Materials) | 73,775 | 1,167,931 | ||||||
Detsky Mir PJSC (Specialty Retail) | 241,854 | 456,500 | ||||||
FirstRand Ltd. (Diversified Financial Services) | 118,395 | 371,250 | ||||||
Geely Automobile Holdings Ltd. (Automobiles) | 230,000 | 834,987 | ||||||
Grupo Financiero Banorte Sab de CV* (Banks) | 95,700 | 476,795 | ||||||
Halyk Savings Bank of Kazakhstan JSC GDR (Banks) | 31,500 | 400,050 | ||||||
HDFC Bank Ltd.* (Banks) | 36,622 | 698,004 | ||||||
Hindustan Petroleum Corp. Ltd. (Oil, Gas & Consumable Fuels) | 230,692 | 688,393 | ||||||
Hyundai Motor Co. (Automobiles) | 5,878 | 1,192,481 | ||||||
ICICI Bank Ltd.* (Banks) | 348,815 | 2,580,120 | ||||||
Industrial & Commerical Bank of China Ltd., H Shares (Banks) | 2,298,000 | 1,472,083 | ||||||
Infosys Ltd. (IT Services) | 75,385 | 1,274,718 | ||||||
JD.com, Inc., Class A* (Internet & Direct Marketing Retail) | 19,550 | 870,678 | ||||||
Kuaishou Technology* (Media) | 100 | 1,483 | ||||||
Lemon Tree Hotels Ltd.* (Hotels, Restaurants & Leisure) | 1,750,541 | 1,000,846 | ||||||
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods) | 121,500 | 765,062 | ||||||
Lojas Renner SA (Multiline Retail) | 67,700 | 516,352 | ||||||
LONGi Green Energy Technology Co. Ltd. (Semiconductors & Semiconductor Equipment) | 56,400 | 930,047 | ||||||
Mando Corp.* (Auto Components) | 11,766 | 722,548 | ||||||
MediaTek, Inc. (Semiconductors & Semiconductor Equipment) | 61,000 | 1,912,150 | ||||||
Meituan, Class B* (Internet & Direct Marketing Retail) | 22,200 | 1,012,618 | ||||||
MercadoLibre, Inc.* (Internet & Direct Marketing Retail) | 419 | 745,615 | ||||||
Minth Group Ltd. (Auto Components) | 144,000 | 657,191 | ||||||
Mr. Price Group Ltd. (Specialty Retail) | 29,131 | 333,349 | ||||||
Narayana Hrudayalaya Ltd. (Health Care Providers & Services) | 149,516 | 913,225 | ||||||
NAVER Corp. (Interactive Media & Services) | 2,765 | 848,296 | ||||||
Network International Holdings PLC* (IT Services) | 68,400 | 321,583 | ||||||
New Oriental Education & Technology Group, Inc. ADR* (Diversified Consumer Services) | 2,292 | 383,910 | ||||||
New Oriental Education & Technology Group, Inc.* (Diversified Consumer Services) | 2,560 | 427,932 | ||||||
Novatek PJSC GDR (Oil, Gas & Consumable Fuels) | 2,750 | 460,900 | ||||||
Phu Nhuan Jewelry JSC (Textiles, Apparel & Luxury Goods) | 225,970 | 813,205 | ||||||
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance) | 122,500 | 1,444,877 | ||||||
POSCO (Metals & Mining) | 3,842 | 846,505 | ||||||
Prosus NV (Internet & Direct Marketing Retail) | 9,421 | 1,095,361 | ||||||
PT Bank Rakyat Indonesia Persero TBK (Banks) | 3,114,800 | 930,967 | ||||||
PT United Tractors TBK (Oil, Gas & Consumable Fuels) | 439,700 | 713,874 | ||||||
Raia Drogasil SA (Food & Staples Retailing) | 106,800 | 486,165 | ||||||
Rede D'Or Sao Luiz SA (Health Care Providers & Services) | 31,000 | 370,073 | ||||||
Reliance Industries Ltd. (Oil, Gas & Consumable Fuels) | 49,283 | 1,244,285 | ||||||
Rumo SA* (Road & Rail) | 200,317 | 739,012 | ||||||
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 49,260 | 3,597,018 | ||||||
Samsung Electronics Co. Ltd. Pref (Technology Hardware, Storage & Peripherals) | 18,616 | 1,213,393 | ||||||
Samsung SDI Co. Ltd. (Electronic Equipment, Instruments & Components) | 1,081 | 704,730 | ||||||
Sany Heavy Industry Co. Ltd., Class A (Machinery) | 130,900 | 821,899 | ||||||
Sberbank of Russia PJSC ADR (Banks) | 39,630 | 545,309 | ||||||
SBI Life Insurance Co. Ltd.* (Insurance) | 55,290 | 655,136 | ||||||
Security Bank Corp. (Banks) | 241,860 | 653,499 | ||||||
Shinhan Financial Group Co. Ltd. (Banks) | 54,343 | 1,489,815 | ||||||
Standard Chartered PLC (Banks) | 253,350 | 1,580,417 | ||||||
Suzano SA* (Paper & Forest Products) | 51,900 | 587,694 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 65,000 | 1,371,964 | ||||||
Techtronic Industries Co. Ltd. (Household Durables) | 76,500 | 1,147,066 | ||||||
Tencent Holdings Ltd. (Interactive Media & Services) | 39,100 | 3,423,045 | ||||||
Titan Co. Ltd. (Textiles, Apparel & Luxury Goods) | 23,051 | 448,761 | ||||||
Tongwei Co. Ltd., Class A (Food Products) | 154,969 | 1,092,337 | ||||||
Vietnam Technological & Commercial Joint Stock Bank* (Banks) | 803,880 | 1,116,112 | ||||||
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing) | 249,200 | 709,794 | ||||||
Yandex NV Russia, Class A* (Interactive Media & Services) | 1,500 | 93,960 | ||||||
Yandex NV US, Class A* (Interactive Media & Services) | 8,680 | 543,715 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $50,082,374) | 62,159,933 | |||||||
TOTAL INVESTMENTS | ||||||||
(Cost $50,082,374) — 96.9% | 62,159,933 | |||||||
Other Net Assets (Liabilities) — 3.1% | 1,973,100 | |||||||
NET ASSETS — 100.0% | $ | 64,133,033 |
* | 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, 2021 (Unaudited) |
The Emerging Markets Fund invested in the following industries as of January 31, 2021:
Value | % of Net Assets | |||||||
Auto Components | $ | 1,379,739 | 2.1 | % | ||||
Automobiles | 2,027,468 | 3.2 | % | |||||
Banks | 12,977,797 | 20.2 | % | |||||
Capital Markets | 483,124 | 0.8 | % | |||||
Construction Materials | 1,167,931 | 1.8 | % | |||||
Diversified Consumer Services | 811,842 | 1.3 | % | |||||
Diversified Financial Services | 371,250 | 0.6 | % | |||||
Electronic Equipment, Instruments & Components | 704,730 | 1.1 | % | |||||
Entertainment | 351,845 | 0.5 | % | |||||
Food & Staples Retailing | 1,493,694 | 2.5 | % | |||||
Food Products | 1,092,337 | 1.7 | % | |||||
Health Care Providers & Services | 1,283,298 | 2.0 | % | |||||
Hotels, Restaurants & Leisure | 1,000,846 | 1.6 | % | |||||
Household Durables | 1,147,066 | 1.8 | % | |||||
Insurance | 2,100,013 | 3.3 | % | |||||
Interactive Media & Services | 4,909,016 | 7.5 | % | |||||
Internet & Direct Marketing Retail | 6,918,663 | 10.7 | % | |||||
IT Services | 1,596,301 | 2.5 | % | |||||
Machinery | 821,899 | 1.3 | % | |||||
Media | 1,483 | 0.0 | % | |||||
Metals & Mining | 846,505 | 1.3 | % | |||||
Multiline Retail | 516,352 | 0.8 | % | |||||
Oil, Gas & Consumable Fuels | 4,335,829 | 6.7 | % | |||||
Paper & Forest Products | 587,694 | 0.9 | % | |||||
Pharmaceuticals | 652,750 | 1.0 | % | |||||
Road & Rail | 739,012 | 1.1 | % | |||||
Semiconductors & Semiconductor Equipment | 4,214,161 | 6.6 | % | |||||
Specialty Retail | 789,849 | 1.2 | % | |||||
Technology Hardware, Storage & Peripherals | 4,810,411 | 7.6 | % | |||||
Textiles, Apparel & Luxury Goods | 2,027,028 | 3.2 | % | |||||
Other Net Assets | 1,973,100 | 3.1 | % | |||||
Total | $ | 64,133,033 | 100.0 | % |
The Emerging Markets Fund invested in securities with exposure to the following countries as of January 31, 2021:
Value | % of Net Assets | |||||||
Argentina | $ | 745,615 | 1.2 | % | ||||
Brazil | 3,182,420 | 5.0 | % | |||||
China | 18,560,917 | 28.8 | % | |||||
Hong Kong | 2,727,483 | 4.3 | % | |||||
India | 11,324,169 | 17.6 | % | |||||
Indonesia | 1,644,841 | 2.6 | % | |||||
Kazakstan | 400,050 | 0.6 | % | |||||
Mexico | 1,186,589 | 1.9 | % | |||||
Netherlands | 1,095,361 | 1.7 | % | |||||
Peru | 443,474 | 0.7 | % | |||||
Philippines | 653,499 | 1.0 | % | |||||
Poland | 351,845 | 0.5 | % | |||||
Russia | 2,100,384 | 3.3 | % | |||||
Saudi Arabia | 591,152 | 0.9 | % | |||||
South Africa | 1,002,334 | 1.6 | % | |||||
South Korea | 10,614,786 | 16.6 | % | |||||
Taiwan | 3,284,114 | 5.1 | % | |||||
United Arab Emirates | 321,583 | 0.5 | % | |||||
Vietnam | 1,929,317 | 3.0 | % | |||||
Other Net Assets | 1,973,100 | 3.1 | % | |||||
Total | $ | 64,133,033 | 100.0 | % |
2
Mirae Asset Discovery Funds | Schedule of Portfolio Investments | |
Emerging Markets Great Consumer Fund | January 31, 2021 (Unaudited) |
Shares | Value | |||||||
Common Stocks (96.7%) | ||||||||
AL Rajhi Bank (Banks) | 689,261 | $ | 13,416,899 | |||||
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail) | 647,800 | 20,676,723 | ||||||
Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services) | 438,174 | 15,383,088 | ||||||
Asian Paints Ltd. (Chemicals) | 511,701 | 16,917,901 | ||||||
Ayala Land, Inc. (Real Estate Management & Development) | 15,874,905 | 12,448,705 | ||||||
Banco BTG Pactual SA (Capital Markets) | 692,400 | 11,989,786 | ||||||
Britannia Industries Ltd. (Food Products) | 344,327 | 16,498,327 | ||||||
CD Projekt SA* (Entertainment) | 101,900 | 8,353,446 | ||||||
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure) | 898,502 | 40,802,533 | ||||||
China Merchants Bank Co. Ltd. (Banks) | 4,462,500 | 34,460,308 | ||||||
Clicks Group Ltd. (Food & Staples Retailing) | 421,000 | 6,925,213 | ||||||
CP All Public Co. Ltd. (Food & Staples Retailing) | 6,244,200 | 11,921,995 | ||||||
Credicorp Ltd. (Banks) | 72,348 | 10,876,075 | ||||||
Detsky Mir PJSC (Specialty Retail) | 5,848,968 | 11,039,946 | ||||||
FirstRand Ltd. (Diversified Financial Services) | 2,799,909 | 8,779,632 | ||||||
Foshan Haitian Flavouring & Food Co. Ltd., A Shares (Food Products) | 272,175 | 8,281,196 | ||||||
Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure) | 3,609,000 | 28,034,196 | ||||||
Geely Automobile Holdings Ltd. (Automobiles) | 8,826,000 | 32,041,731 | ||||||
Grupo Financiero Banorte Sab de CV* (Banks) | 2,506,800 | 12,489,351 | ||||||
Haidilao International Holding Ltd. (Hotels, Restaurants & Leisure) | 2,353,000 | 19,833,426 | ||||||
Halyk Savings Bank of Kazakhstan JSC GDR (Banks) | 733,124 | 9,310,675 | ||||||
HDFC Bank Ltd.* (Banks) | 2,392,372 | 45,597,878 | ||||||
Hindustan Unilever Ltd. (Household Products) | 1,259,181 | 39,011,938 | ||||||
Hyundai Motor Co. (Automobiles) | 142,221 | 28,852,641 | ||||||
JD.com, Inc., Class A* (Internet & Direct Marketing Retail) | 932,250 | 41,518,634 | ||||||
Jiangsu Hengrui Medicine Co. Ltd., Class A (Pharmaceuticals) | 470,664 | 7,531,551 | ||||||
Kakao Corp. (Interactive Media & Services) | 98,567 | 38,672,215 | ||||||
Kuaishou Technology* (Media) | 5,500 | 81,581 | ||||||
LG Household & Health Care Ltd. (Personal Products) | 25,210 | 35,057,346 | ||||||
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods) | 6,448,500 | 40,604,933 | ||||||
Lojas Renner SA (Multiline Retail) | 1,567,340 | 11,954,191 | ||||||
Maruti Suzuki India Ltd. (Automobiles) | 151,863 | 15,001,350 | ||||||
MercadoLibre, Inc.* (Internet & Direct Marketing Retail) | 10,035 | 17,857,383 | ||||||
Mr. Price Group Ltd. (Specialty Retail) | 674,347 | 7,716,631 | ||||||
NAVER Corp. (Interactive Media & Services) | 140,080 | 42,976,244 | ||||||
Nestle India Ltd. (Food Products) | 128,400 | 29,949,958 | ||||||
Network International Holdings PLC* (IT Services) | 1,547,700 | 7,276,509 | ||||||
New Oriental Education & Technology Group, Inc. ADR* (Diversified Consumer Services) | 181,582 | 30,414,985 | ||||||
New Oriental Education & Technology Group, Inc.* (Diversified Consumer Services) | 80,860 | 13,516,646 | ||||||
Pinduoduo, Inc. ADR* (Internet & Direct Marketing Retail) | 268,660 | 44,519,649 | ||||||
Ping An Healthcare & Technology Co. Ltd.* (Health Care Technology) | 1,349,800 | 16,774,569 | ||||||
Ping An Insurance (Group) Co. of China Ltd., H Shares (Insurance) | 3,646,000 | 43,004,266 | ||||||
Prosus NV (Internet & Direct Marketing Retail) | 213,734 | 24,850,439 | ||||||
Proya Cosmetics Co. Ltd., Class A (Personal Products) | 703,471 | 20,198,399 | ||||||
PT Bank Central Asia TBK (Banks) | 12,167,500 | 29,333,916 | ||||||
Raia Drogasil SA (Food & Staples Retailing) | 2,729,100 | 12,423,143 | ||||||
Rede D'Or Sao Luiz SA (Health Care Providers & Services) | 733,000 | 8,750,439 | ||||||
Rumo SA* (Road & Rail) | 4,730,191 | 17,450,686 | ||||||
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 329,300 | 24,045,839 | ||||||
Sberbank of Russia PJSC ADR (Banks) | 899,842 | 12,381,826 | ||||||
Shanghai International Airport Co. Ltd., Class A (Transportation Infrastructure) | 3,987,682 | 48,759,732 | ||||||
Suzano SA* (Paper & Forest Products) | 1,321,800 | 14,967,512 | ||||||
TAL Education Group ADR* (Diversified Consumer Services) | 93,850 | 7,215,188 | ||||||
TCS Group Holdings PLC GDR (Banks) | 337,710 | 13,930,538 | ||||||
Tencent Holdings Ltd. (Interactive Media & Services) | 821,900 | 71,953,972 | ||||||
Vietnam Dairy Products JSC (Food Products) | 1,298,563 | 5,791,925 | ||||||
Vipshop Holdings Ltd. ADR* (Internet & Direct Marketing Retail) | 411,679 | 11,288,238 | ||||||
Wal-Mart de Mexico Sab de CV (Food & Staples Retailing) | 5,854,200 | 16,674,458 | ||||||
Yandex NV Russia, Class A* (Interactive Media & Services) | 63,800 | 3,996,432 | ||||||
Yandex NV US, Class A* (Interactive Media & Services) | 173,401 | 10,861,838 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $1,031,692,639) | 1,263,246,770 | |||||||
Foreign Bond (0.0%)NM | ||||||||
India (0.0%)NM | ||||||||
Britannia Industries Ltd., 8.00%, 8/28/22+ | 11,930,100 | 172,090 | ||||||
TOTAL FOREIGN BOND | ||||||||
(Cost $166,146) | 172,090 | |||||||
TOTAL INVESTMENTS | ||||||||
(Cost $1,031,858,785) — 96.7% | 1,263,418,860 | |||||||
Other Net Assets (Liabilities) — 3.3% | 42,489,704 | |||||||
NET ASSETS — 100.0% | $ | 1,305,908,564 |
* | Non-income producing security |
+ | The principal amount is disclosed in local currency and the 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, 2021 (Unaudited) |
The Emerging Markets Great Consumer Fund invested in the following industries as of January 31, 2021:
Value | % of Net Assets | |||||||
Automobiles | $ | 75,895,722 | 5.8 | % | ||||
Banks | 181,797,466 | 13.8 | % | |||||
Capital Markets | 11,989,786 | 0.9 | % | |||||
Chemicals | 16,917,901 | 1.3 | % | |||||
Diversified Consumer Services | 51,146,819 | 3.9 | % | |||||
Diversified Financial Services | 8,779,632 | 0.7 | % | |||||
Entertainment | 8,353,446 | 0.6 | % | |||||
Food & Staples Retailing | 47,944,809 | 3.6 | % | |||||
Food Products | 60,693,496 | 4.6 | % | |||||
Health Care Providers & Services | 24,133,527 | 1.9 | % | |||||
Health Care Technology | 16,774,569 | 1.3 | % | |||||
Hotels, Restaurants & Leisure | 88,670,155 | 6.8 | % | |||||
Household Products | 39,011,938 | 3.0 | % | |||||
Insurance | 43,004,266 | 3.3 | % | |||||
Interactive Media & Services | 168,460,701 | 13.1 | % | |||||
Internet & Direct Marketing Retail | 160,711,066 | 12.4 | % | |||||
IT Services | 7,276,509 | 0.6 | % | |||||
Media | 81,581 | 0.0 | % | |||||
Multiline Retail | 11,954,191 | 0.9 | % | |||||
Paper & Forest Products | 14,967,512 | 1.1 | % | |||||
Personal Products | 55,255,745 | 4.2 | % | |||||
Pharmaceuticals | 7,531,551 | 0.6 | % | |||||
Real Estate Management & Development | 12,448,705 | 1.0 | % | |||||
Road & Rail | 17,450,686 | 1.3 | % | |||||
Specialty Retail | 18,756,577 | 1.4 | % | |||||
Technology Hardware, Storage & Peripherals | 24,045,839 | 1.8 | % | |||||
Textiles, Apparel & Luxury Goods | 40,604,933 | 3.1 | % | |||||
Transportation Infrastructure | 48,759,732 | 3.7 | % | |||||
Other Net Assets | 42,489,704 | 3.3 | % | |||||
Total | $ | 1,305,908,564 | 100.0 | % |
The Emerging Markets Great Consumer Fund invested in securities with exposure to the following countries as of January 31, 2021:
Value | % of Net Assets | |||||||
Argentina | $ | 17,857,383 | 1.4 | % | ||||
Brazil | 77,535,757 | 5.9 | % | |||||
China | 553,478,260 | 42.5 | % | |||||
Cyprus | 13,930,538 | 1.1 | % | |||||
Hong Kong | 28,034,196 | 2.1 | % | |||||
India | 178,532,530 | 13.7 | % | |||||
Indonesia | 29,333,916 | 2.2 | % | |||||
Kazakstan | 9,310,675 | 0.7 | % | |||||
Korea, Republic Of | 38,672,215 | 3.0 | % | |||||
Mexico | 29,163,809 | 2.2 | % | |||||
Netherlands | 24,850,439 | 1.9 | % | |||||
Peru | 10,876,075 | 0.8 | % | |||||
Philippines | 12,448,705 | 1.0 | % | |||||
Poland | 8,353,446 | 0.6 | % | |||||
Russia | 38,280,042 | 2.9 | % | |||||
Saudi Arabia | 13,416,899 | 1.0 | % | |||||
South Africa | 23,421,476 | 1.8 | % | |||||
South Korea | 130,932,070 | 10.0 | % | |||||
Thailand | 11,921,995 | 0.9 | % | |||||
United Arab Emirates | 7,276,509 | 0.6 | % | |||||
Vietnam | 5,791,925 | 0.4 | % | |||||
Other Net Assets | 42,489,704 | 3.3 | % | |||||
Total | $ | 1,305,908,564 | 100.0 | % |
4