Global Undiscovered Gems With Strong Fundamentals

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Sparta

Market Cap: €86.8m

A publicly owned investment manager.

MAPFRE Middlesea

Market Cap: €128.8m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

Invests in, operates, and manages duty-free shops.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Practic

Market Cap: RON 570.2m

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

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Jadranski naftovod d.d

Market Cap: €826.3m

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Allmed Medical ProductsLtd

Market Cap: CN¥5.4b

Engages in the manufacture and sale of wound care and nursing material products in China.

Citra Tubindo

Market Cap: Rp5.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Uniplus Electronics

Market Cap: NT$4.9b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Guangzhou Devotion Thermal Technology

Market Cap: CN¥2.5b

Guangzhou Devotion Thermal Technology Co., Ltd.

Cahaya Aero Services

Market Cap: Rp4.5t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Forest Packaging GroupLtd

Market Cap: CN¥3.1b

Forest Packaging Group Co.,Ltd., along with its subsidiaries, manufactures and sells various paper packaging products in China and internationally.

Yantai Ishikawa Sealing Technology

Market Cap: CN¥3.1b

Yantai Ishikawa Sealing Technology Co., Ltd.

Eclatorq Technology

Market Cap: NT$3.2b

Manufactures and sells hand tools in Taiwan.

Zhejiang JW Precision MachineryLtd

Market Cap: CN¥6.6b

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

VICOM

Market Cap: S$507.0m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Lemtech Holdings

Market Cap: NT$5.2b

Research, develops, produces, and sells precision metal dies and metal stampings in Asia, the Americas, and Europe.

Pacific Construction

Market Cap: NT$3.8b

Engages in the construction business in Taiwan and Malaysia.

Cresco

Market Cap: JP¥73.0b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

YAPP Automotive Systems

Market Cap: CN¥8.6b

Engages in the research and development, manufacturing, and sale and service of energy storage system products and thermal management system products.

HeXun Biosciences

Market Cap: NT$3.5b

Engages in the research and development of stem cell and treatments in Taiwan.

Jiangsu Rainbow Heavy Industries

Market Cap: CN¥5.2b

Jiangsu Rainbow Heavy Industries Co., Ltd.

YagiLtd

Market Cap: JP¥20.0b

Operates as a fiber trading company in Japan.

Grade Upon Technology

Market Cap: NT$6.3b

Grade Upon Technology Corporation develops, manufactures, and sells sensor device products in Taiwan.

KurimotoLtd

Market Cap: JP¥69.7b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Uoriki

Market Cap: JP¥33.7b

Engages in the retailing, eating and drinking, and wholesale businesses in Japan and internationally.

Shenzhen Farben Information TechnologyLtd

Market Cap: CN¥10.1b

Shenzhen Farben Information Technology Co.,Ltd.

Jinsanjiang (Zhaoqing) Silicon Material

Market Cap: CN¥2.5b

Engages in the research and development, production, and sale of precipitated silica.

Anhui Wanyi Science and TechnologyLtd

Market Cap: CN¥3.0b

AnHui Wanyi Science and Technology Co.,Ltd.