Luxembourg Utilities ROE over 20

Bank of N.T. Butterfield & Son

Market Cap: US$2.3b

Provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses.

Buckle

Market Cap: US$2.3b

Operates as a retailer of casual apparel, footwear, and accessories for men, women, and kids under the Buckle and Buckle Youth brands in the United States.

A10 Networks

Market Cap: US$2.3b

Provides secure application and network infrastructure solutions in the United States, the rest of Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa.

Blue Bird

Market Cap: US$2.3b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

John Wiley & Sons

Market Cap: US$2.3b

A publisher, provides authoritative content, data-driven insights, and knowledge services for the advancement of science, innovation, and learning in the United States, China, the United Kingdom, Japan, Australia, and internationally.

HCI Group

Market Cap: US$2.0b

Engages in the property and casualty insurance business in the United States.

DRDGOLD

Market Cap: US$2.0b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

Tecnoglass

Market Cap: US$1.9b

Manufactures, supplies, and installs architectural glass, windows, and aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally.

Slide Insurance Holdings

Market Cap: US$1.9b

Provides property and casualty insurance services in the United States.

American Superconductor

Market Cap: US$1.9b

Provides megawatt-scale power resiliency solutions worldwide.

ADMA Biologics

Market Cap: US$1.9b

A biopharmaceutical company, develops, manufactures, and markets specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States and internationally.

Qfin Holdings

Market Cap: US$1.9b

Qfin Holdings, Inc., together with its subsidiaries, operate AI- driven credit-tech platform under the Qifu Jietiao brand in the People’s Republic of China.

Arcos Dorados Holdings

Market Cap: US$1.9b

Operates as a franchisee of McDonald’s restaurants.

Nexa Resources

Market Cap: US$1.8b

Engages in the zinc mining and smelting business worldwide.

Enerpac Tool Group

Market Cap: US$1.8b

Manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, the Netherlands, and internationally.

Bob's Discount Furniture

Market Cap: US$1.8b

Engages in retailing home furnishings furnishings in the United States.

Pathward Financial

Market Cap: US$1.8b

Operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States.

Encore Capital Group

Market Cap: US$1.7b

A specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide.

Innoviva

Market Cap: US$1.7b

Operates as a biopharmaceutical company in the United States and internationally.

Huron Consulting Group

Market Cap: US$1.7b

Provides global professional services in the United States and internationally.

Anterix

Market Cap: US$1.6b

Focuses on the commercialization of spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and solutions.

CBL & Associates Properties

Market Cap: US$1.5b

Owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

Nabors Industries

Market Cap: US$1.5b

Provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally.

Wolverine World Wide

Market Cap: US$1.5b

Designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America.

Karooooo

Market Cap: US$1.5b

Provides software applications for fleet management, mobile asset tracking, workforce management, and video solutions in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

Leggett & Platt

Market Cap: US$1.4b

Designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.

Global Ship Lease

Market Cap: US$1.4b

Engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide.

IDT

Market Cap: US$1.4b

Provides communications and payment services in the United States, the United Kingdom, and internationally.

Alexander's

Market Cap: US$1.3b

Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties.

Napco Security Technologies

Market Cap: US$1.3b

Engages in the development, manufacturing, and sale of electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally.

Sally Beauty Holdings

Market Cap: US$1.3b

Operates as a specialty retailer and distributor of professional beauty supplies.

Ituran Location and Control

Market Cap: US$1.3b

Provides location-based telematics services and machine-to-machine telematics products in Israel, Brazil, and internationally.

Phibro Animal Health

Market Cap: US$1.3b

Operates as an animal health and mineral nutrition company in the United States, Latin America and Canada, Europe, the Middle East, Africa, and the Asia Pacific.

Yelp

Market Cap: US$1.3b

Operates a platform that connects consumers with local businesses in the United States and internationally.

GigaCloud Technology

Market Cap: US$1.3b

Provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

Global Industrial

Market Cap: US$1.2b

Through its subsidiaries, operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in the United States and Canada.