Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Jadranski naftovod d.d

Market Cap: €826.3m

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Freetrailer Group

Market Cap: €836.8m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Tchaikapharma High Quality Medicines AD

Market Cap: €877.5m

Develops, manufactures, and sells medicines in Bulgaria.

Namibia Breweries

Market Cap: R6.2b

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Southern Michigan Bancorp

Market Cap: US$114.4m

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.

Union Bankshares

Market Cap: US$112.3m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Procimmo Group

Market Cap: CHF 369.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

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.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Oakworth Capital

Market Cap: US$207.0m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Inverfal PerúA

Market Cap: S/1.9b

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

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.

Productive Business Solutions

Market Cap: US$244.7m

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Nexa Resources AtacochaA

Market Cap: S/463.9m

Operates as a mining company worldwide.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Capricorn Group

Market Cap: R13.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Practic

Market Cap: RON 950.3m

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

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.7b

Researches, develops, produces, and sells black sesame health products in China.

Huasi Holding

Market Cap: CN¥2.0b

Operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, Hong Kong, and internationally.

Goldiam International

Market Cap: ₹37.5b

Manufactures and sells gold/silver/platinum and diamond studded jewelry products in India.

Anji Foodstuff

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of seasonings in China and internationally.

MOBI Industry

Market Cap: ر.س556.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Dear LifeLtd

Market Cap: JP¥58.4b

Engages in the real estate business in Japan.

Triocean Industrial Corporation

Market Cap: NT$4.6b

Engages in the construction business in Taiwan.

Guangdong Brandmax MarketingLtd

Market Cap: CN¥5.5b

Provides technology-driven new scene experience marketing services in China and internationally.

Cita Mineral Investindo

Market Cap: Rp20.1t

Engages in bauxite mining activities in Indonesia.

Digital Mediatama Maxima

Market Cap: Rp2.6t

Operates an integrated marketing platform in Indonesia.

Nusantara Pelabuhan Handal

Market Cap: Rp3.1t

Manages and operates container terminals in Indonesia and internationally.