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