Mirae Asset Discovery Funds NPORT-P Emerging Markets Great Consumer Fund (Jul 2022 report)

Mirae Asset Discovery Funds	Schedule of Portfolio Investments
Emerging Markets Fund	July 31, 2022 (Unaudited)

	Shares		Value
Common Stocks (97.1%)
AIA Group Ltd. (Insurance)		50,400	$	508,690
AL Rajhi Bank* (Banks)		23,863		573,004
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)		133,580		1,509,240
Alpha Services and Holdings SA* (Banks)		491,590		436,436
Banco Bradesco SA, Preference Shares (Banks)		103,420		348,631
BYD Co. Ltd., Class H (Automobiles)		7,500		274,879
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)		20,600		641,839
Clicks Group Ltd. (Food & Staples Retailing)		19,100		321,708
Dalmia Bharat Ltd. (Construction Materials)		20,948		423,459
FirstRand Ltd. (Diversified Financial Services)		87,695		346,604
Frontera Energy Corp.* (Oil, Gas & Consumable Fuels)		35,700		349,918
GAIL India Ltd. (Gas Utilities)		300,452		557,207
Ganfeng Lithium Co. Ltd., Class H (Metals & Mining)		64,680		588,088
Globant SA* (Software)		450		89,658
GoerTek, Inc., Class A (Electronic Equipment, Instruments & Components)		49,234		232,972
Grab Holdings Ltd.* (Road & Rail)		88,488		261,040
Grupo Financiero Banorte Sab de CV (Banks)		63,500		361,965
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)		28,450		265,439
HDFC Bank Ltd. (Banks)		41,343		755,120
Hindalco Industries Ltd. (Metals & Mining)		98,459		518,075
Hyundai Motor Co. (Automobiles)		6,862		1,042,277
ICICI Bank Ltd. (Banks)		146,926		1,523,054
IHH Healthcare Berhad (Health Care Providers & Services)		822,200		1,181,172
Infosys Ltd. (IT Services)		29,104		570,135
Jahez International Co.* (Internet & Direct Marketing Retail)		848		212,370
JD.com, Inc., Class A (Internet & Direct Marketing Retail)		39,992		1,191,144
Kasikornbank Public Co. Ltd. NVDR (Banks)		122,800		494,447
Lemon Tree Hotels Ltd.* (Hotels, Restaurants & Leisure)		585,056		490,292
LG Chem Ltd. (Chemicals)		1,845		860,758
Locaweb Servicos de Internet SA (IT Services)		132,100		171,844
Lojas Renner SA (Multiline Retail)		72,764		357,807
LONGi Green Energy Technology Co. Ltd. (Semiconductors & Semiconductor Equipment)		86,955		795,963
Mahindra & Mahindra Ltd. (Automobiles)		67,991		1,001,792
Mando Corp. (Auto Components)		13,129		582,573
Marico, Ltd. (Food Products)		86,592		567,297
MediaTek, Inc. (Semiconductors & Semiconductor Equipment)		10,000		229,968
Meituan, Class B* (Internet & Direct Marketing Retail)		51,000		1,155,178
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)		296		240,858
Mr. Price Group Ltd. (Specialty Retail)		31,071		339,710
Narayana Hrudayalaya Ltd.* (Health Care Providers & Services)		104,410		872,224
NAVER Corp. (Interactive Media & Services)		1,313		263,314
Network International Holdings PLC* (IT Services)		109,133		266,823
Novatek PJSC GDR (Oil, Gas & Consumable Fuels)(a)(b)		2,247		—
NU Holdings Ltd., Class A* (Banks)		28,350		119,354
Ozon Holdings PLC ADR* (Internet & Direct Marketing Retail)(a)(b)		12,600		—
Petroleo Brasileiro SA (Oil, Gas & Consumable Fuels)		61,000		403,837
Phu Nhuan Jewelry JSC (Textiles, Apparel & Luxury Goods)		190,670		934,471
POSCO Holdings, Inc. (Metals & Mining)		2,458		460,482
Prestige Estates Projects, Ltd. (Real Estate Management & Development)		91,156		476,481
Prudential PLC (Insurance)		69,100		833,241
PT Bank Rakyat Indonesia Persero TBK (Banks)		1,921,300		566,672
Reliance Industries Ltd.* (Oil, Gas & Consumable Fuels)		32,463		1,031,614
Riyue Heavy Industry Co., Ltd. (Machinery)		221,594		830,352
Rosneft Oil Co. PJSC GDR (Oil, Gas & Consumable Fuels)(a)(b)		31,700		1
Rumo SA (Road & Rail)		136,117		462,800
Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals)		11,127		527,809
Samsung Electronics Co. Ltd. Pref. (Technology Hardware, Storage & Peripherals)		11,995		528,726
Saudi Tadawul Group Holding Co. (Capital Markets)		7,810		461,048
Sea Ltd. ADR* (Entertainment)		10,767		821,737
Shinhan Financial Group Co. Ltd. (Banks)		30,606		844,564
Sibanye Stillwater, Ltd. (Metals & Mining)		60,100		148,024
Standard Chartered PLC (Banks)		118,600		846,852
Suzano SA (Paper & Forest Products)		60,100		563,420
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)		105,000		1,798,295
Techtronic Industries Co. Ltd. (Machinery)		9,500		106,014
Tencent Holdings Ltd. (Interactive Media & Services)		30,700		1,207,700
The Saudi National Bank (Banks)		27,300		513,475
Tongwei Co. Ltd., Class A (Food Products)		146,739		1,175,103
Trip.com Group Ltd. ADR* (Internet & Direct Marketing Retail)		32,897		848,085
Vietnam Technological & Commercial Joint Stock Bank* (Banks)		305,180		497,199
Wal-Mart de Mexico SAB de CV (Food & Staples Retailing)		151,100		549,418
X5 Retail Group NV GDR (Food & Staples Retailing)(a)(b)		23,720		—
Yandex NV US, Class A* (Interactive Media & Services)(a)(b)		7,580		—
Yandex NV Russia, Class A* (Interactive Media & Services)(a)(b)		2,500		—
Zomato Ltd.* (Internet & Direct Marketing Retail)		561,829		333,100
TOTAL COMMON STOCKS
(Cost $47,385,773)				41,664,846
TOTAL INVESTMENTS
(Cost $47,385,773) — 97.1%				41,664,846
Other Net Assets (Liabilities) — 2.9%				1,228,948
NET ASSETS — 100.0%			$	42,893,794

*	Non-income producing security
(a)	Security was valued using unobservable inputs in good faith pursuant to procedures approved by the Board of Trustees as of July 31, 2022. The total of all such securities represent 0.0% of the net assets of the Fund.
(b)	The sub-adviser has deemed these securities to be illiquid based on procedures approved by the Board of Trustees. As of July 31, 2022, these securities represent 0.00% of the net assets of the fund.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non Voting Depositary Receipt

Amounts shown as “—” are either $0 or round to $0.

See accompanying notes to schedule of portfolio investments.

1

Mirae Asset Discovery Funds	Schedule of Portfolio Investments
Emerging Markets Fund	July 31, 2022 (Unaudited)

The Emerging Markets Fund invested in the following industries as of July 31, 2022:

	Value		% of Net Assets
Auto Components	$	582,573		1.4	%
Automobiles		2,318,948		5.3	%
Banks		8,146,212		19.1	%
Capital Markets		461,048		1.1	%
Chemicals		860,758		2.0	%
Construction Materials		423,459		1.0	%
Diversified Financial Services		346,604		0.8	%
Electronic Equipment, Instruments & Components		232,972		0.5	%
Entertainment		821,737		1.9	%
Food & Staples Retailing		871,126		2.1	%
Food Products		1,742,400		4.0	%
Gas Utilities		557,207		1.3	%
Health Care Providers & Services		2,053,396		4.7	%
Hotels, Restaurants & Leisure		1,132,131		2.6	%
Insurance		1,341,931		3.1	%
Interactive Media & Services		1,471,014		3.4	%
Internet & Direct Marketing Retail		5,489,975		13.0	%
IT Services		1,008,802		2.3	%
Machinery		936,366		2.1	%
Metals & Mining		1,714,669		4.0	%
Multiline Retail		357,807		0.8	%
Oil, Gas & Consumable Fuels		1,785,370		4.2	%
Paper & Forest Products		563,420		1.4	%
Real Estate Management & Development		476,481		1.1	%
Road & Rail		723,840		1.7	%
Semiconductors & Semiconductor Equipment		2,824,226		6.6	%
Software		89,658		0.2	%
Specialty Retail		339,710		0.8	%
Technology Hardware, Storage & Peripherals		1,056,535		2.5	%
Textiles, Apparel & Luxury Goods		934,471		2.1	%
Other Net Assets		1,228,948		2.9	%
Total	$	42,893,794		100.0	%

The Emerging Markets Fund invested in securities with exposure to the following countries as of July 31, 2022:

	Value		% of Net Assets
Argentina	$	240,858		0.6	%
Brazil		2,427,693		5.7	%
China		10,450,543		24.4	%
Colombia		349,918		0.8	%
Cyprus		0		—	%^
Greece		436,436		1.0	%
Hong Kong		1,461,556		3.4	%
India		9,119,850		21.3	%
Indonesia		566,672		1.3	%
Kazakstan		265,439		0.6	%
Luxembourg		89,658		0.2	%
Mexico		911,383		2.1	%
Russia		1		—	%^
Saudi Arabia		1,759,897		4.1	%
Singapore		1,082,777		2.5	%
South Africa		1,156,046		2.7	%
South Korea		6,291,675		14.7	%
Taiwan		2,028,263		4.7	%
Thailand		494,447		1.2	%
United Arab Emirates		266,823		0.6	%
United Kingdom		833,241		1.9	%
Vietnam		1,431,670		3.3	%
Other Net Assets		1,228,948		2.9	%
Total	$	42,893,794		100.0	%

^ Represents less than 0.05%.

See accompanying notes to schedule of portfolio investments.

2

Mirae Asset Discovery Funds	Schedule of Portfolio Investments
Emerging Markets Great Consumer Fund	July 31, 2022 (Unaudited)

	Shares		Value
Common Stocks (97.9%)
Airports of Thailand Public Co. Ltd. NVDR* (Transportation Infrastructure)		7,555,200	$	14,443,846
AL Rajhi Bank* (Banks)		393,288		9,443,735
Alibaba Group Holding Ltd.* (Internet & Direct Marketing Retail)		2,751,200		31,084,179
Alpha Services and Holdings SA* (Banks)		7,923,232		7,034,277
Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services)		403,501		21,445,229
Asian Paints Ltd. (Chemicals)		458,991		19,338,161
Ayala Land, Inc. (Real Estate Management & Development)		16,556,305		7,606,333
Banco Bradesco SA, Preference Shares (Banks)		1,703,230		5,741,632
Bangkok Dusit Medical Services Public Co. Ltd. NVDR (Health Care Providers & Services)		12,238,500		8,908,620
Britannia Industries Ltd. (Food Products)		106,050		5,227,717
BYD Co. Ltd., Class H (Automobiles)		992,500		36,375,622
China International Travel Service Corp. Ltd., Class A (Hotels, Restaurants & Leisure)		684,254		21,319,457
Clicks Group Ltd. (Food & Staples Retailing)		332,000		5,591,990
CP All Public Co. Ltd. (Food & Staples Retailing)		10,182,700		17,095,209
FirstRand Ltd. (Diversified Financial Services)		1,381,509		5,460,246
Foshan Haitian Flavouring & Food Co. Ltd., A Shares (Food Products)		671,503		8,253,437
Frontera Energy Corp.* (Oil, Gas & Consumable Fuels)		598,752		5,868,742
Globant SA* (Software)		7,800		1,554,072
Grab Holdings Ltd.* (Road & Rail)		1,038,093		3,062,374
Grupo Financiero Banorte Sab de CV (Banks)		1,085,443		6,187,285
Halyk Savings Bank of Kazakhstan JSC GDR (Banks)		484,762		4,522,829
HDFC Bank Ltd. (Banks)		935,691		17,090,171
Hindustan Unilever Ltd. (Household Products)		279,080		9,311,590
IHH Healthcare Berhad (Health Care Providers & Services)		7,747,800		11,130,495
Jahez International Co.* (Internet & Direct Marketing Retail)		14,198		3,555,687
JD.com, Inc., Class A (Internet & Direct Marketing Retail)		34,257		1,020,330
Kakao Corp. (Interactive Media & Services)		153,471		8,884,410
Kasikornbank Public Co. Ltd. NVDR (Banks)		2,289,500		9,218,539
LG Household & Health Care Ltd. (Personal Products)		16,187		9,740,079
Li-Ning Co. Ltd. (Textiles, Apparel & Luxury Goods)		5,137,500		41,950,999
Locaweb Servicos de Internet SA (IT Services)		2,300,900		2,993,149
Lojas Renner SA (Multiline Retail)		1,179,448		5,799,779
Meituan, Class B* (Internet & Direct Marketing Retail)		806,900		18,276,722
MercadoLibre, Inc.* (Internet & Direct Marketing Retail)		4,881		3,971,719
Midea Group Co. Ltd., Class A (Household Durables)		1,317,714		10,786,285
Mr. Price Group Ltd. (Specialty Retail)		501,880		5,487,230
NAVER Corp. (Interactive Media & Services)		58,944		11,820,839
Nestle India Ltd. (Food Products)		48,130		11,774,644
Network International Holdings PLC* (IT Services)		2,060,637		5,038,122
NIO, Inc., Class A* (Automobiles)		292,970		5,744,393
NU Holdings Ltd., Class A* (Banks)		321,600		1,353,936
Ozon Holdings PLC ADR* (Internet & Direct Marketing Retail)(a)(b)		221,400		3
PT Bank Central Asia TBK (Banks)		32,224,800		16,052,260
PT Bank Rakyat Indonesia Persero TBK (Banks)		32,904,900		9,705,030
PT Telekomunikasi Indonesia Persero TBK (Diversified Telecommunication Services)		24,027,200		6,866,329
Raia Drogasil SA (Food & Staples Retailing)		1,568,900		6,362,332
Reliance Industries Ltd.* (Oil, Gas & Consumable Fuels)		598,811		19,029,099
Rosneft Oil Co. PJSC GDR (Oil, Gas & Consumable Fuels)(a)(b)		764,700		8
Rumo SA (Road & Rail)		2,157,191		7,334,491
Saudi Tadawul Group Holding Co. (Capital Markets)		141,245		8,338,121
Sea Ltd. ADR* (Entertainment)		61,831		4,718,942
Shanghai International Airport Co. Ltd., Class A* (Transportation Infrastructure)		2,192,079		16,823,967
Sibanye Stillwater, Ltd. (Metals & Mining)		1,028,200		2,532,420
SM Prime Holdings, Inc. (Real Estate Management & Development)		12,891,600		8,588,997
Suzano SA (Paper & Forest Products)		942,600		8,836,590
TCS Group Holdings PLC GDR (Banks)(a)(b)		144,770		1
Tencent Holdings Ltd. (Interactive Media & Services)		295,100		11,608,872
The Saudi National Bank (Banks)		459,100		8,635,025
Wal-Mart de Mexico SAB de CV (Food & Staples Retailing)		2,537,000		9,224,843
X5 Retail Group NV GDR (Food & Staples Retailing)(a)(b)		573,800		6
Xpeng, Inc., A Shares* (Automobiles)		1,408,300		17,138,503
Yandex NV US, Class A* (Interactive Media & Services)(a)(b)		176,301		1
Yandex NV Russia, Class A* (Interactive Media & Services)(a)(b)		53,100		1
TOTAL COMMON STOCKS
(Cost $702,325,704)				602,309,951
Foreign Bond (0.0%)NM
India (0.0%)NM
Britannia Industries Ltd., 5.50%, 6/3/24+		9,985,483		122,583
TOTAL FOREIGN BOND
(Cost $136,982)				122,583
TOTAL INVESTMENTS
(Cost $702,462,686) — 97.9%				602,432,534
Other Net Assets (Liabilities) — 2.1%				13,169,584
NET ASSETS — 100.0%			$	615,602,118

*	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%
(a)	Security was valued using unobservable inputs in good faith pursuant to procedures approved by the Board of Trustees as of July 31, 2022. The total of all such securities represent 0.0% of the net assets of the Fund.
(b)	The sub-adviser has deemed these securities to be illiquid based on procedures approved by the Board of Trustees. As of July 31, 2022, these securities represent 0.00% of the net assets of the fund.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non Voting Depositary Receipt

See accompanying notes to schedule of portfolio investments.

3

Mirae Asset Discovery Funds	Schedule of Portfolio Investments
Emerging Markets Great Consumer Fund	July 31, 2022 (Unaudited)

The Emerging Markets Great Consumer Fund invested in the following industries as of July 31, 2022:

	Value		% of Net Assets
Automobiles	$	59,258,518		9.6	%
Banks		94,984,720		15.4	%
Capital Markets		8,338,121		1.4	%
Chemicals		19,338,161		3.1	%
Diversified Financial Services		5,460,246		0.9	%
Diversified Telecommunication Services		6,866,329		1.1	%
Entertainment		4,718,942		0.8	%
Food & Staples Retailing		38,274,380		6.3	%
Food Products		25,378,381		4.1	%
Health Care Providers & Services		41,484,344		6.7	%
Hotels, Restaurants & Leisure		21,319,457		3.5	%
Household Durables		10,786,285		1.8	%
Household Products		9,311,590		1.5	%
Interactive Media & Services		32,314,123		5.3	%
Internet & Direct Marketing Retail		57,908,640		9.4	%
IT Services		8,031,271		1.3	%
Metals & Mining		2,532,420		0.4	%
Multiline Retail		5,799,779		0.9	%
Oil, Gas & Consumable Fuels		24,897,849		4.1	%
Paper & Forest Products		8,836,590		1.4	%
Personal Products		9,740,079		1.6	%
Real Estate Management & Development		16,195,330		2.6	%
Road & Rail		10,396,865		1.7	%
Software		1,554,072		0.3	%
Specialty Retail		5,487,230		0.9	%
Textiles, Apparel & Luxury Goods		41,950,999		6.8	%
Transportation Infrastructure		31,267,813		5.0	%
Other Net Assets		13,169,584		2.1	%
Total	$	615,602,118		100.0	%

The Emerging Markets Great Consumer Fund invested in securities with exposure to the following countries as of July 31, 2022:

	Value		% of Net Assets
Argentina	$	3,971,719		0.6	%
Brazil		38,421,909		6.2	%
China		220,382,766		35.8	%
Colombia		5,868,742		1.0	%
Cyprus		4		—	%^
Greece		7,034,277		1.1	%
India		103,339,194		16.8	%
Indonesia		32,623,619		5.3	%
Kazakstan		4,522,829		0.7	%
Luxembourg		1,554,072		0.3	%
Mexico		15,412,128		2.5	%
Philippines		16,195,330		2.6	%
Russia		16		—	%^
Saudi Arabia		29,972,568		4.9	%
Singapore		7,781,316		1.3	%
South Africa		19,071,886		3.1	%
South Korea		41,575,823		6.8	%
Thailand		49,666,214		8.1	%
United Arab Emirates		5,038,122		0.8	%
Other Net Assets		13,169,584		2.1	%
Total	$	615,602,118		100.0	%

^ Represents less than 0.05%.

See accompanying notes to schedule of portfolio investments.

4