Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

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.

Productive Business Solutions

Market Cap: US$188.2m

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

Jadranski naftovod d.d

Market Cap: €765.8m

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

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Procimmo Group

Market Cap: CHF 373.9m

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

Intellego Technologies

Market Cap: SEK 1.6b

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

Security Federal

Market Cap: US$105.8m

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

JB Foods

Market Cap: S$227.0m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

Capricorn Group

Market Cap: R13.3b

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

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/1.4b

Operates as a mining company worldwide.

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.

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.

Practic

Market Cap: RON 950.3m

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

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/1.5b

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Cairo Amman Bank

Market Cap: د.أ282.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Toho

Market Cap: JP¥42.2b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Careerlink

Market Cap: JP¥32.6b

Provides human resource services in Japan.

Synergy Innovation

Market Cap: ₩214.1b

Engages in the research and development, and investment of generic and new drugs, medical devices, and health functional foods in South Korea.

Xiamen Jihong

Market Cap: CN¥8.0b

Engages in the cross-border social e-commerce and paper packaging solutions business.

Nice

Market Cap: JP¥23.9b

Distributes building materials and housing equipment in Japan.

Zhongyeda Electric

Market Cap: CN¥5.8b

Engages in the distribution of industrial electrical products in China.

Changzhou Nrb

Market Cap: CN¥7.8b

Engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally.

Mulpha International Bhd

Market Cap: RM 891.0m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Fengyinhe Holdings

Market Cap: HK$2.3b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.

Yunnan Jinxun Resources

Market Cap: HK$5.4b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Hiconics Eco-energy Technology

Market Cap: CN¥7.9b

Engages in the industrial control, residential energy storage, and distributed PV EPC businesses in China and internationally.

Nanjing Well Pharmaceutical GroupLtd

Market Cap: CN¥3.8b

Nanjing Well Pharmaceutical Group Co.,Ltd.

Anhui Huaren Health Pharmaceutical

Market Cap: CN¥8.2b

Anhui Huaren Health Pharmaceutical Co., Ltd.