Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ79.3m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Xiamen Jiarong TechnologyLtd

Market Cap: CN¥3.8b

Manufactures and sells environmental protection equipment.

First Bancorp

Market Cap: US$289.0m

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.3b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

Franklin Financial Services

Market Cap: US$218.6m

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.

Itafos

Market Cap: CA$676.3m

Operates as a phosphate and specialty fertilizer company.

Seneca Foods

Market Cap: US$832.1m

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

Soma Gold

Market Cap: CA$177.7m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Epsilon Energy

Market Cap: US$107.0m

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.

Pure Cycle

Market Cap: US$267.5m

Provides water and wastewater services in the United States.

Jadranski naftovod d.d

Market Cap: €796.0m

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

Morris State Bancshares

Market Cap: US$239.6m

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

ASA Gold and Precious Metals

Market Cap: US$899.8m

A publicly owned investment manager.

Senstar Technologies

Market Cap: US$109.2m

Provides physical, video, and access control security products and solutions worldwide.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Grendene

Market Cap: R$4.3b

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

Capricorn Group

Market Cap: R11.7b

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

Namibia Breweries

Market Cap: R6.2b

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

Hangzhou Hirisun Technology

Market Cap: CN¥5.0b

Engages in power information system integration business in China.

Metalpha Technology Holding

Market Cap: US$123.5m

Provides wealth management services in Hong Kong.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Zambia Sugar

Market Cap: K20.7b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

FRMO

Market Cap: US$357.0m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Southern Michigan Bancorp

Market Cap: US$108.7m

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.

Productive Business Solutions

Market Cap: US$139.3m

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

Tri-County Financial Group

Market Cap: US$116.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

First Northern Community Bancorp

Market Cap: US$207.1m

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.

Affinity Bancshares

Market Cap: US$119.4m

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

Liburnia Riviera Hoteli d.d

Market Cap: €174.0m

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

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Oakworth Capital

Market Cap: US$174.7m

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

FineMark Holdings

Market Cap: US$452.3m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Inverfal PerúA

Market Cap: S/1.6b

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

Practic

Market Cap: RON 772.1m

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