| 1 | Zhejiang China Commodities City Group Co., Ltd. (600415.SS) | 10/10 | 8.6x |
| 2 | Desa Deri Sanayi ve Ticaret A.S. (DESA.IS) | 9/10 | 4.3x |
| 3 | Deckers Outdoor Corp (DECK) | 9/10 | 10.9x |
| 4 | Crocs Inc (CROX) | 9/10 | 10.8x |
| 5 | Wah Sun Handbags International Holdings Limited (2683.HK) | 9/10 | 11.4x |
| 6 | Derimod Konfeksiyon Ayakkabi Deri Sanayi ve Ticaret A.S. (DERIM.IS) | 8/10 | 3.6x |
| 7 | Birkenstock Holding PLC (BIRK) | 8/10 | 16.1x |
| 8 | Bata India Limited (BATAINDIA.NS) | 8/10 | 14.9x |
| 9 | Topscore Fashion Co., Ltd. (603608.SS) | 8/10 | 42.6x |
| 10 | 361 Degrees International Limited (1361.HK) | 8/10 | 14.6x |
| 11 | Wuxi Double Elephant Micro Fibre Material Co.,Ltd (002395.SZ) | 8/10 | 17.6x |
| 12 | SYTS Corp. (002170.KS) | 8/10 | 4.6x |
| 13 | Piquadro S.p.A. (PQ.MI) | 7/10 | 5.6x |
| 14 | Delta Plus Group (ALDLT.PA) | 7/10 | 6.6x |
| 15 | Seiko Group Corporation (8050.T) | 7/10 | 38.0x |
| 16 | ASICS Corporation (7936.T) | 7/10 | 51.5x |
| 17 | Shoei Co., Ltd. (7839.T) | 7/10 | 14.2x |
| 18 | Harson Trading (China) Co.,Ltd. (603958.SS) | 7/10 | n.d. |
| 19 | Anhui Korrun Co., Ltd. (300577.SZ) | 7/10 | 13.3x |
| 20 | Samsonite Group S.A. (1910.HK) | 7/10 | 5.4x |
| 21 | Prosperous Industrial (Holdings) Limited (1731.HK) | 7/10 | 4.6x |
| 22 | Star Shine Holdings Group Limited (1440.HK) | 7/10 | n.d. |
| 23 | Daphne International Holdings Limited (0210.HK) | 7/10 | 4.9x |
| 24 | HWASEUNG Industries Co.,Ltd. (006060.KS) | 7/10 | 1.0x |
| 25 | Wolverine World Wide Inc (WWW) | 6/10 | n.d. |
| 26 | WEYCO Group Inc (WEYS) | 6/10 | 9.2x |
| 27 | Safari Industries (India) Limited (SAFARI.NS) | 6/10 | 73.5x |
| 28 | Relaxo Footwears Limited (RELAXO.NS) | 6/10 | 34.8x |
| 29 | Dr. Martens plc (DOCS.L) | 6/10 | 5.3x |
| 30 | Feng Tay Enterprises Co., Ltd. (9910.TW) | 6/10 | 12.1x |
| 31 | Nippi,Incorporated (7932.T) | 6/10 | 13.0x |
| 32 | Citizen Watch Co., Ltd. (7762.T) | 6/10 | 38.7x |
| 33 | Lai Yih Footwear Co., Ltd. (6890.TW) | 6/10 | 19.5x |
| 34 | Anhui Anli Material Technology Co., Ltd. (300218.SZ) | 6/10 | 27.6x |
| 35 | National Electronics Holdings Limited (0213.HK) | 6/10 | n.d. |
| 36 | Vera Bradley Inc (VRA) | 5/10 | 3.5x |
| 37 | Superhouse Limited (SUPERHOUSE.NS) | 5/10 | 4.6x |
| 38 | Sreeleathers Limited (SREEL.NS) | 5/10 | 25.0x |
| 39 | REDTAPE Limited (REDTAPE.NS) | 5/10 | 71.1x |
| 40 | On Holding AG (ONON) | 5/10 | 31.0x |
| 41 | Liberty Shoes Ltd. (LIBERTSHOE.NS) | 5/10 | 4.9x |
| 42 | iVision Tech S.p.A. (IVN.MI) | 5/10 | n.d. |
| 43 | Campus Activewear Limited (CAMPUS.NS) | 5/10 | 152.5x |
| 44 | Brand Concepts Limited (BCONCEPTS.NS) | 5/10 | n.d. |
| 45 | Paiho Shih Holdings Corporation (8404.TW) | 5/10 | n.d. |
| 46 | Sports Gear Co., Ltd. (6768.TW) | 5/10 | 74.7x |
| 47 | ZheJiang KangLongDa Special Protection Technology Co., Ltd (603665.SS) | 5/10 | n.d. |
| 48 | Zhejiang Red Dragonfly Footwear Co., Ltd. (603116.SS) | 5/10 | 18.3x |
| 49 | Pou Sheng International (Holdings) Limited (3813.HK) | 5/10 | 5.3x |
| 50 | Huali Industrial Group Company Limited (300979.SZ) | 5/10 | 36.2x |
| 51 | Time Watch Investments Limited (2033.HK) | 5/10 | 3.2x |
| 52 | JS Corporation (194370.KS) | 5/10 | 3.6x |
| 53 | Namyue Holdings Limited (1058.HK) | 5/10 | n.d. |
| 54 | C.banner International Holdings Limited (1028.HK) | 5/10 | 19.1x |
| 55 | Sitoy Group Holdings Limited (1023.HK) | 5/10 | 2.2x |
| 56 | Yue Yuen Industrial (Holdings) Limited (0551.HK) | 5/10 | 9.5x |
| 57 | BAIKSAN Co,. Ltd (035150.KS) | 5/10 | 8.7x |
| 58 | INBIOGEN Co., Ltd. (101140.KS) | 4/9 | n.d. |
| 59 | V.I.P. Industries Limited (VIPIND.NS) | 4/10 | 32.2x |
| 60 | Steven Madden Ltd (SHOO) | 4/10 | 62.1x |