Mirae Asset Discovery Funds NPORT-P Emerging Markets Fund (Jul 2021 report)

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

1

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	%

2

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	%

3

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	%

4