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