Global High Return On Equity, Low Debt

Alphabet

Market Cap: US$2.5t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Meta Platforms

Market Cap: US$2.0t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.

Taiwan Semiconductor Manufacturing

Market Cap: NT$31.1t

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

Netflix

Market Cap: US$520.7b

Provides entertainment services.

Procter & Gamble

Market Cap: US$363.3b

Provides branded consumer packaged goods worldwide.

General Electric

Market Cap: US$296.5b

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems.

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

Novartis

Market Cap: CHF 188.8b

Engages in the research, development, manufacture, distribution, marketing, and sale of pharmaceutical medicines in Switzerland and internationally.

Merck

Market Cap: US$200.6b

Operates as a healthcare company worldwide.

Texas Instruments

Market Cap: US$175.4b

Designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, rest of Asia, Europe, Middle East, Africa, Japan, and internationally.

QUALCOMM

Market Cap: US$165.7b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

PDD Holdings

Market Cap: US$165.3b

A multinational commerce group that owns and operates a portfolio of businesses.

Industria de Diseño Textil

Market Cap: €132.9b

Engages in the retail and online distribution of clothing, footwear, accessories, and household products in Spain, rest of Europe, the Americas, Asia, and internationally.

Applied Materials

Market Cap: US$151.2b

Engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.

Progressive

Market Cap: US$142.5b

Operates as an insurance company in the United States.

Safran

Market Cap: €121.3b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.

Delta

Market Cap: US$18.3b

Manufactures and distributes cold beverages in Zimbabwe.

SK hynix

Market Cap: ₩191.9t

Engages in the manufacture, distribution, and sale of semiconductor products in Korea, China, rest of Asia, the United States, and Europe.

Trane Technologies

Market Cap: US$97.7b

Designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

Cintas

Market Cap: US$90.0b

Engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America.

Recruit Holdings

Market Cap: JP¥13.2t

Provides HR technology and business solutions that transforms the world of work.

Ferrari

Market Cap: €68.4b

Through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide.

Southern Copper

Market Cap: US$79.0b

Engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.

Airbnb

Market Cap: US$74.5b

Operates a platform that enables hosts to offer stays and experiences to guests worldwide.

Nongfu Spring

Market Cap: HK$538.3b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Life Insurance Corporation of India

Market Cap: ₹5.6t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Autodesk

Market Cap: US$60.6b

Provides 3D design, engineering, and entertainment technology solutions worldwide.

Advantest

Market Cap: JP¥8.6t

Manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia.

Chipotle Mexican Grill

Market Cap: US$57.4b

Owns and operates Chipotle Mexican Grill restaurants.

Fastenal

Market Cap: US$55.6b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

Chandra Asri Pacific

Market Cap: Rp789.3t

Provides chemical and infrastructure solutions in Indonesia and Singapore.

Ross Stores

Market Cap: US$48.4b

Operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States.

W.W. Grainger

Market Cap: US$46.0b

Distributes maintenance, repair, and operating products and services primarily in North America, Japan, and the United Kingdom.

Pop Mart International Group

Market Cap: HK$355.9b

An investment holding company, engages in the design, development, and sale of pop toys in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

DCI Indonesia

Market Cap: Rp729.6t

Together with its subsidiary, PT Sarana Megahtama, provides cloud and carrier-neutral data center infrastructure services in Indonesia.

Bayan Resources

Market Cap: Rp610.0t

Engages in the coal mining and sale in Indonesia.