April 2020 Holdings for the Web.Xlsx

Mirae Asset Discovery Funds

Emerging Markets Fund 4/30/2020

Name Weight (%) Tencent Holdings Ltd. 6.67% Alibaba Group Holding Ltd. Sponsored ADR 4.47% Samsung Electronics Co., Ltd. 3.71% ICICI Bank Limited 3.38% Reliance Industries Limited 2.32% Meituan Dianping Class B 2.20% Samsung Electronics Co Ltd Pfd Non-Voting 2.14% Prosus N.V. Class N 2.07% SBI Life Insurance Co. Ltd. 2.06% Universal Robina Corp. 2.02% HDFC Bank Limited 1.89% China Overseas Land & Investment Limited 1.81% Taiwan Semiconductor Manufacturing Co., Ltd. 1.79% Rumo SA 1.75% Cipla Limited 1.72% Tencent Music Entertainment Group Sponsored ADR Class A 1.66% Li Ning Company Limited 1.57% New Oriental Education & Technology Group, Inc. Sponsored ADR 1.55% China Petroleum & Chemical Corporation Class H 1.54% Al Rajhi Bank 1.49% KAZ Minerals PLC 1.44% GAIL (India) Limited 1.43% Shinhan Financial Group Co., Ltd. 1.41% Sberbank Russia PJSC Sponsored ADR 1.41% Industrial and Commercial Bank of China Limited Class H 1.40% Tonghua Dongbao Pharmaceutical Co., Ltd. Class A 1.35% Narayana Hrudayalaya Ltd. 1.34% Yandex NV Class A 1.29% Dalmia Bharat Ltd. 1.27% Security Bank Corp. (Philippines) 1.26% Dabur India Limited 1.24% NOVATEK JSC Sponsored GDR RegS 1.24% Singapore Telecommunications Limited 1.22% DLF Limited 1.21% Guangzhou Baiyun International Airport Company Limited Class A 1.20% MercadoLibre, Inc. 1.18% Lojas Renner S.A. 1.15% Vietnam Technological & Commercial Joint Stock Bank 1.13% Suzano S.A. 1.13% AIA Group Limited 1.11% Name Weight (%) China Resources Gas Group Limited 1.09% Raia Drogasil S.A. 1.07% IHH Healthcare Bhd. 1.06% SK hynix Inc 1.06% Phu Nhuan Jewelry JSC 1.05% Ping An Insurance (Group) Company of China, Ltd. Class H 1.05% Vipshop Holdings Ltd Sponsored ADR 1.03% TAL Education Group Sponsored ADR Class A 1.01% Titan Company Limited 1.01% Credicorp Ltd. 1.00% Wal-Mart de Mexico SAB de CV 0.95% Detsky mir PJSC 0.95% CSPC Pharmaceutical Group Limited 0.95% Grupo Financiero Banorte SAB de CV Class O 0.93% Samsung SDI Co., Ltd 0.87% Azul S.A. Sponsored ADR Pfd 0.81% Banco do Brasil S.A. 0.77% CD Projekt S.A. 0.76% Halyk Savings Bank of Kazakhstan JSC Sponsored GDR RegS 0.73% Mr Price Group Limited 0.72% CCC SA 0.69% Alsea, S.A.B. de C.V. 0.61% Lemon Tree Hotels Ltd. 0.54% Clicks Group Limited 0.54% FirstRand Limited 0.54% 3SBio, Inc. 0.46% Cash 4.53% Total 100.00%

The portfolio holdings are subject to change and the information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund's portfolio or that securities sold have not been repurchased.

Risk: Investing involves risk, including the potential loss of principal.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund's prospectus and summary prospectus. To obtain a prospectus or a summary prospectus, please contact your financial advisor or call (888) 335-3417. Please read the prospectus carefully before investing.