March 2020 Holdings for the Web.Xlsx

Mirae Asset Discovery Funds

Asia Fund 3/31/2020

Name Weight (%) Tencent Holdings Ltd. 8.93% Samsung Electronics Co., Ltd. 5.97% Alibaba Group Holding Ltd. Sponsored ADR 5.56% ICICI Bank Limited 3.94% Reliance Industries Limited 3.58% Taiwan Semiconductor Manufacturing Co., Ltd. 3.41% Samsung Electronics Co Ltd Pfd Non-Voting 3.38% Li Ning Company Limited 3.12% TAL Education Group Sponsored ADR Class A 2.93% SBI Life Insurance Co. Ltd. 2.76% SK hynix Inc 2.53% IHH Healthcare Bhd. 2.50% New Oriental Education & Technology Group, Inc. Sponsored ADR 2.44% HDFC Bank Limited 2.33% Meituan Dianping Class B 2.27% Guangzhou Baiyun International Airport Company Limited Class A 1.87% Dabur India Limited 1.85% Tencent Music Entertainment Group Sponsored ADR Class A 1.85% AIA Group Limited 1.71% Industrial and Commercial Bank of China Limited Class H 1.69% Singapore Telecommunications Limited 1.68% 3SBio, Inc. 1.63% Ping An Insurance (Group) Company of China, Ltd. Class H 1.58% Dalmia Bharat Ltd. 1.57% Apollo Hospitals Enterprise Limited 1.56% Universal Robina Corp. 1.52% Indian Oil Corp. Ltd. 1.52% Tonghua Dongbao Pharmaceutical Co., Ltd. Class A 1.50% LG Chem Ltd. 1.49% China Overseas Land & Investment Limited 1.49% DLF Limited 1.43% Phu Nhuan Jewelry JSC 1.43% CSPC Pharmaceutical Group Limited 1.43% Samsung SDI Co., Ltd 1.41% Vietnam Technological & Commercial Joint Stock Bank 1.35% PT Bank Central Asia Tbk 1.33% China Petroleum & Chemical Corporation Class H 1.32% Titan Company Limited 1.31% Security Bank Corp. (Philippines) 1.30% GAIL (India) Limited 1.27% Name Weight (%) Voltas Limited 1.16% Lemon Tree Hotels Ltd. 1.00% Shinhan Financial Group Co., Ltd. 0.82% DBS Group Holdings Ltd 0.76% BOC Aviation Limited 0.70% China Resources Gas Group Limited 0.41% Sunny Optical Technology (Group) Co., Ltd. 0.18% Cash 1.23% 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.