Austrian Household Defensive Blue Chips

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Assurant

Market Cap: US$11.4b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Saputo

Market Cap: CA$16.0b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

BE Semiconductor Industries

Market Cap: €9.8b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Penumbra

Market Cap: US$11.3b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Manila Electric

Market Cap: ₱662.7b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Mowi

Market Cap: NOK 115.5b

A seafood company, produces and sells Atlantic salmon products worldwide.

Baloise Holding

Market Cap: CHF 9.1b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

SinoPac Financial Holdings

Market Cap: NT$353.5b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

M3

Market Cap: JP¥1.7t

Provides medical-related services to physicians and other healthcare professionals through the internet.

Dino Polska

Market Cap: zł41.1b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Old Republic International

Market Cap: US$11.2b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

ICICI Lombard General Insurance

Market Cap: ₹995.3b

Provides various general insurance products and services in India.

Italgas

Market Cap: €9.7b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Sanlam

Market Cap: R192.3b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Anhui Gujing Distillery

Market Cap: CN¥79.0b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

TIM

Market Cap: R$59.6b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Severn Trent

Market Cap: UK£8.4b

Provides water and wastewater services in the United Kingdom.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.2b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Tsingtao Brewery

Market Cap: CN¥77.8b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Industrial Bank of Korea

Market Cap: ₩16.1t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Sejahteraraya Anugrahjaya

Market Cap: Rp182.4t

Provides medical services in Indonesia.

BKW

Market Cap: CHF 8.8b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

iA Financial

Market Cap: CA$15.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Banque Saudi Fransi

Market Cap: ر.س40.7b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Phoenix Financial

Market Cap: ₪35.5b

Provides multi-line insurance products in Israel.

Bank Permata

Market Cap: Rp179.8t

Provides various banking products and services in Indonesia.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥76.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

James Hardie Industries

Market Cap: AU$16.7b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Acciona

Market Cap: €9.3b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Shree Cement

Market Cap: ₹954.5b

Engages in the manufacture and sale of cement and clinker in India and internationally.

First Horizon

Market Cap: US$10.7b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م99.1b

Provides various telecommunication solutions in Morocco and internationally.

Ensign Group

Market Cap: US$10.6b

Provides skilled nursing, senior living, and rehabilitative services.

Marico

Market Cap: ₹948.8b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Tele2

Market Cap: SEK 101.7b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.