Mirae Asset Discovery Funds

Emerging Markets Fund 9/30/2019

Name Weight (%) Alibaba Group Holding Ltd. Sponsored ADR 4.69% Tencent Holdings Ltd. 4.14% SBI Life Insurance Co. Ltd. 3.72% IHH Healthcare Bhd. 2.98% Samsung Electronics Co., Ltd. 2.84% Taiwan Semiconductor Manufacturing Co., Ltd. 2.64% Rumo SA 2.28% ICICI Bank Limited 2.27% AIA Group Limited 2.22% Prosus N.V. Class N 2.20% Ping An Insurance (Group) Company of China, Ltd. Class H 2.13% Banco do Brasil S.A. 2.06% Guangzhou Baiyun International Airport Company Limited Class A 1.89% Reliance Industries Limited 1.87% Security Bank Corp. (Philippines) 1.85% Companhia de Locacao das Americas 1.84% 3SBio, Inc. 1.80% PT Bank Central Asia Tbk 1.78% Lojas Renner S.A. 1.78% Phu Nhuan Jewelry JSC 1.75% GAIL (India) Limited 1.75% Dabur India Limited 1.57% HDFC Bank Limited 1.57% Samsung Electronics Co Ltd Pfd Non-Voting 1.56% Universal Robina Corp. 1.51% CSPC Pharmaceutical Group Limited 1.49% NOVATEK JSC Sponosred GDR RegS 1.48% PT Telekomunikasi Indonesia (Persero) Tbk. Class B 1.47% KAZ Minerals PLC 1.44% Al Rajhi Bank 1.42% Suzano S.A. 1.36% Yandex NV Class A 1.36% China Petroleum & Chemical Corporation Class H 1.35% Sberbank Russia OJSC Sponsored ADR 1.34% Tencent Music EntertainmentGroup ADR Class A 1.34% Lemon Tree Hotels Ltd. 1.34% Narayana Hrudayalaya Ltd. 1.28% DLF Limited 1.28% Titan Company Limited 1.27% Raia Drogasil S.A. 1.25% Name Weight (%) China Mengniu Dairy Co., Ltd. 1.23% Dalmia Bharat Ltd. 1.23% BOC Aviation Limited 1.21% Vietnam Technological & Commercial Joint Stock Bank 1.19% SK hynix Inc 1.18% Tonghua Dongbao Pharmaceutical Co., Ltd. Class A 1.09% Sunny Optical Technology (Group) Co., Ltd. 1.08% TAL Education Group Sponosred ADR Class A 1.05% Grupo Financiero Banorte SAB de CV Class O 1.03% HUYA, Inc. Sponosred ADR Class A 1.03% Baozun Inc Sponsored ADR Class A 1.00% Wal-Mart de Mexico SAB de CV 0.98% CD Projekt S.A. 0.96% DP Eurasia NV 0.78% FirstRand Limited 0.77% Credicorp Ltd. 0.77% Clicks Group Limited 0.74% Alsea, S.A.B. de C.V. 0.72% Halyk Savings Bank of Kazakhstan JSC Sponsored GDR RegS 0.66% Shinhan Financial Group Co., Ltd. 0.65% X5 Retail Group N.V. Sponsored GDR RegS 0.62% Mr Price Group Limited 0.62% China Resources Gas Group Limited 0.52% Cash 1.72% 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.