Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 472.4b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.0b

Produces and sells fertilizers.

Empresas Lipigas

Market Cap: CL$964.8b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

Smart Organic AD

Market Cap: лв372.0m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

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.

Tri-County Financial Group

Market Cap: US$115.9m

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$211.5m

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.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

First Bancorp

Market Cap: US$318.2m

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

A3 Mercados

Market Cap: AR$839.7b

Operates as a market for negotiable securities in Argentina and internationally.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Zambia Sugar

Market Cap: K21.1b

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

Affinity Bancshares

Market Cap: US$126.4m

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

Pure Cycle

Market Cap: US$285.7m

Provides water and wastewater services in the United States.

FRMO

Market Cap: US$330.2m

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

FineMark Holdings

Market Cap: US$473.9m

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

Hemlo Mining

Market Cap: CA$1.8b

Engages in gold mining.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

Franklin Financial Services

Market Cap: US$252.0m

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.

Metalpha Technology Holding

Market Cap: US$101.6m

Provides wealth management services in Hong Kong.

Sound Financial Bancorp

Market Cap: US$113.6m

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

Morris State Bancshares

Market Cap: US$266.3m

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

Union Bankshares

Market Cap: US$106.0m

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.2b

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

Central Cooperative Bank AD

Market Cap: лв237.7m

A commercial bank, provides various financial products and services.

Seneca Foods

Market Cap: US$764.2m

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

Grendene

Market Cap: R$4.8b

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

Soma Gold

Market Cap: CA$193.5m

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

Epsilon Energy

Market Cap: US$118.6m

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.

Inverfal PerúA

Market Cap: S/1.9b

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

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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