Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Morris State Bancshares

Market Cap: US$287.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

First Bancorp

Market Cap: US$336.8m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Sound Financial Bancorp

Market Cap: US$112.6m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Southern Michigan Bancorp

Market Cap: US$117.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Envirotainer

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

First Northern Community Bancorp

Market Cap: US$224.3m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

NameSilo Technologies

Market Cap: US$117.8m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Affinity Bancshares

Market Cap: US$124.8m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Grendene

Market Cap: R$4.4b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Cashmere Valley Bank

Market Cap: US$255.5m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Epsilon Energy

Market Cap: US$145.0m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

ANSA Merchant Bank

Market Cap: TT$2.1b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Bank of Africa Mali

Market Cap: XOF 116.7b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Franklin Financial Services

Market Cap: US$212.8m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

FRoSTA

Market Cap: €664.9m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Security Federal

Market Cap: US$105.7m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

BAUER

Market Cap: €271.1m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Productive Business Solutions

Market Cap: US$188.2m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Jadranski naftovod d.d

Market Cap: €786.0m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Practic

Market Cap: RON 950.3m

Engages in the lease and sublease of real estate properties in Romania.

Hafary Holdings

Market Cap: S$217.4m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Oxford Bank

Market Cap: US$105.6m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Inverfal PerúA

Market Cap: S/1.5b

Engages in investing in fixed or variable income securities in Peru.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

Seneca Foods

Market Cap: US$809.3m

Provides packaged fruits and vegetables in the United States and internationally.