Argentinian Consumer Durables Defensive Blue Chips

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ187.8b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Orange

Market Cap: €44.6b

Operates as a telecommunications operator in France and internationally.

Erste Group Bank

Market Cap: €44.6b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Emirates NBD Bank PJSC

Market Cap: د.إ186.7b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

United Overseas Bank

Market Cap: S$65.6b

Provides banking products and services worldwide.

Wal-Mart de México. de

Market Cap: Mex$881.5b

Owns and operates self-service stores in Mexico and Central America.

Ambev

Market Cap: R$258.4b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Moore Threads Technology

Market Cap: CN¥336.8b

Engages in the development of GPU chips and related products.

Holcim

Market Cap: CHF 39.9b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Cerebras Systems

Market Cap: US$49.0b

Operates as an artificial intelligence infrastructure company.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥331.4b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

FBC Holdings

Market Cap: US$6.2b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Microchip Technology

Market Cap: US$48.3b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Endesa

Market Cap: €41.7b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.7b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Swiss Re

Market Cap: CHF 38.0b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Humana

Market Cap: US$46.7b

Provides medical and specialty insurance products in the United States.

Samsung Life Insurance

Market Cap: ₩72.0t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Diageo

Market Cap: UK£34.8b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Credo Technology Group Holding

Market Cap: US$45.8b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Commerzbank

Market Cap: €40.1b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia.

Adani Power

Market Cap: ₹4.3t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Keurig Dr Pepper

Market Cap: US$45.6b

Owns, manufactures, and distributes beverages and single-serve brewing systems in the United States and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ167.0b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Cathay Financial Holding

Market Cap: NT$1.4t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Heineken

Market Cap: €39.7b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

RWE

Market Cap: €39.6b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Coca-Cola Europacific Partners

Market Cap: €39.4b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

GLOBALFOUNDRIES

Market Cap: US$44.4b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Axis Bank

Market Cap: ₹4.2t

Provides various financial products and services in India and internationally.

Nanya Technology

Market Cap: NT$1.4t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Siemens Healthineers

Market Cap: €38.0b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Sun Life Financial

Market Cap: CA$61.5b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق157.2b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

DNB Bank

Market Cap: NOK 425.4b

Provides financial services to individuals and businesses in Norway and internationally.