Mirae Asset Discovery Funds

Asia Fund 4/30/2020

Name Weight (%) Tencent Holdings Ltd. 9.09% Samsung Electronics Co., Ltd. 5.74% Alibaba Group Holding Ltd. Sponsored ADR 5.42% ICICI Bank Limited 4.21% Limited 3.43% Samsung Electronics Co Ltd Pfd Non-Voting 3.05% SBI Life Insurance Co. Ltd. 2.95% HDFC Bank Limited 2.56% Taiwan Semiconductor Manufacturing Co., Ltd. 2.43% Meituan Dianping Class B 2.35% China Overseas Land & Investment Limited 2.26% Li Ning Company Limited 2.23% Shinhan Financial Group Co., Ltd. 2.20% Industrial and Commercial Bank of China Limited Class H 2.16% Limited 2.14% Tencent Music Entertainment Group Sponsored ADR Class A 1.96% China Petroleum & Chemical Corporation Class H 1.90% SK hynix Inc 1.88% Singapore Telecommunications Limited 1.75% Universal Robina Corp. 1.70% Tonghua Dongbao Pharmaceutical Co., Ltd. Class A 1.66% Guangzhou Baiyun International Airport Company Limited Class A 1.64% Phu Nhuan Jewelry JSC 1.62% New Oriental Education & Technology Group, Inc. Sponsored ADR 1.57% Dalmia Bharat Ltd. 1.56% Limited 1.56% Ping An Insurance (Group) Company of China, Ltd. Class H 1.53% GAIL (India) Limited 1.50% Indian Oil Corp. Ltd. 1.47% Vietnam Technological & Commercial Joint Stock Bank 1.45% IHH Healthcare Bhd. 1.44% DLF Limited 1.44% Enterprise Limited 1.41% AIA Group Limited 1.41% Vipshop Holdings Ltd Sponsored ADR 1.39% TAL Education Group Sponsored ADR Class A 1.38% CSPC Pharmaceutical Group Limited 1.31% Titan Company Limited 1.29% Security Bank Corp. (Philippines) 1.18% China Resources Gas Group Limited 1.17% Name Weight (%) Limited 1.15% LG Chem Ltd. 0.81% Samsung SDI Co., Ltd 0.79% Lemon Tree Hotels Ltd. 0.75% 3SBio, Inc. 0.71% Cash 5.37% 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.

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