| 1 | NAPCO Security Technologies Inc (NSSC) | 10/10 | 25.2x |
| 2 | MSA Safety Inc (MSA) | 9/10 | 21.0x |
| 3 | Firetrade Engineering Public Company Limited (FTE.BK) | 9/10 | 8.8x |
| 4 | SIS Limited (SIS.NS) | 8/10 | 10.3x |
| 5 | Kumwell Corporation Public Company Limited (KUMWEL.BK) | 8/10 | 11.8x |
| 6 | Harn Engineering Solutions Public Company Limited (HARN.BK) | 8/10 | 5.8x |
| 7 | Brady Corp (BRC) | 8/10 | 25.5x |
| 8 | ASSA ABLOY AB (publ) (ASSA-B.ST) | 8/10 | 21.0x |
| 9 | Taiwan Secom Co., Ltd. (9917.TW) | 8/10 | 19.2x |
| 10 | Toyo Tec Co.,Ltd. (9686.T) | 8/10 | 4.3x |
| 11 | TOA Corporation (6809.T) | 8/10 | 10.5x |
| 12 | Nohmi Bosai Ltd. (6744.T) | 8/10 | 16.1x |
| 13 | Sichuan Discovery Dream Science & Technology Co.,Ltd (301213.SZ) | 8/10 | n.d. |
| 14 | Trellidor Holdings Limited (TRL.JO) | 7/10 | 2.0x |
| 15 | Supercom Ltd (SPCB) | 7/10 | n.d. |
| 16 | DataDot Technology Limited (DDT.AX) | 7/10 | 16.1x |
| 17 | CompX International Inc (CIX) | 7/10 | 20.1x |
| 18 | Brinks Co (BCO) | 7/10 | 8.7x |
| 19 | MG International S.A. (ALMGI.PA) | 7/10 | 4.7x |
| 20 | Allegion PLC (ALLE) | 7/10 | 21.1x |
| 21 | ADT Inc (ADT) | 7/10 | 2.7x |
| 22 | SECOM CO., LTD. (9735.T) | 7/10 | 23.0x |
| 23 | Prime Intelligence Solutions Group Limited (8379.HK) | 7/10 | n.d. |
| 24 | Riken Keiki Co., Ltd. (7734.T) | 7/10 | 18.6x |
| 25 | Chongqing Mas Sci.&Tech.Co.,Ltd. (300275.SZ) | 7/10 | 74.0x |
| 26 | S-1 Corporation (012750.KS) | 7/10 | 15.8x |
| 27 | VerifyMe Inc (VRME) | 6/10 | 36.6x |
| 28 | Spectur Limited (SP3.AX) | 6/10 | n.d. |
| 29 | Securitas AB (publ) (SECU-B.ST) | 6/10 | 12.5x |
| 30 | Prosegur Compañía de Seguridad, S.A. (PSG.MC) | 6/10 | 10.0x |
| 31 | Mobotix AG (MBQ.DE) | 6/10 | n.d. |
| 32 | Iveda Solutions Inc (IVDA) | 6/10 | n.d. |
| 33 | Intelligent Monitoring Group Limited (IMB.AX) | 6/10 | 13.8x |
| 34 | Evolv Technologies Holdings Inc (EVLV) | 6/10 | n.d. |
| 35 | Concorde International Group Ltd. (CIGL) | 6/10 | n.d. |
| 36 | sdm SE (75S.DE) | 6/10 | n.d. |
| 37 | Nagoya Electric Works Co., Ltd. (6797.T) | 6/10 | 4.1x |
| 38 | Wangli Security & Surveillance Product Co., Ltd (605268.SS) | 6/10 | 48.9x |
| 39 | Hanwha Vision CO.,LTD (489790.KS) | 6/10 | n.d. |
| 40 | Zkteco Co., Ltd. (301330.SZ) | 6/10 | 24.8x |
| 41 | Shenzhen Zhilai Sci and Tech Co., Ltd. (300771.SZ) | 6/10 | 27.9x |
| 42 | Nippon Dry-Chemical Co Ltd (1909.T) | 6/10 | 35.6x |
| 43 | Lumina Group Limited (1162.HK) | 6/10 | 24.4x |
| 44 | MiraeING.Co.,Ltd. (007120.KS) | 6/10 | 4.1x |
| 45 | Beautiful Life Group Holdings Limited (1850.HK) | 5/9 | n.d. |
| 46 | Senstar Technologies Corp (SNT) | 5/10 | n.d. |
| 47 | Mistras Group Inc (MG) | 5/10 | n.d. |
| 48 | Gate Group Teknoloji Medya Ve Siber Guvenlik Hizmetleri A.S. (GATEG.IS) | 5/10 | 1700.1x |
| 49 | Liberty Defense Holdings Ltd (DETX) | 5/10 | n.d. |
| 50 | CoreCivic Inc (CXW) | 5/10 | n.d. |
| 51 | BIO-Key International Inc (BKYI) | 5/10 | n.d. |
| 52 | Bridger Aerospace Group Holdings Inc (BAER) | 5/10 | n.d. |
| 53 | Aquila SA (ALAQU.PA) | 5/10 | n.d. |
| 54 | Akdeniz Yatirim Holding A.S. (AKYHO.IS) | 5/10 | n.d. |
| 55 | Taiwan Shin Kong Security Co., Ltd. (9925.TW) | 5/10 | 19.0x |
| 56 | CircuTech International Holdings Limited (8051.HK) | 5/10 | n.d. |
| 57 | Fenwal Controls of Japan, Ltd. (6870.T) | 5/10 | n.d. |
| 58 | IWS Group Holdings Limited (6663.HK) | 5/10 | 17.2x |
| 59 | China Security Co., Ltd. (600654.SS) | 5/10 | 372.3x |
| 60 | EverFocus Electronics Corporation (5484.TW) | 5/10 | n.d. |