Belgian Automobiles Defensive Blue Chips

Universal Health Services

Market Cap: US$11.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

BE Semiconductor Industries

Market Cap: €9.7b

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

Canara Bank

Market Cap: ₹991.1b

Provides various banking products and services in India and internationally.

First Horizon

Market Cap: US$11.3b

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

Globe Life

Market Cap: US$11.3b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Industrial Bank of Korea

Market Cap: ₩15.5t

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

GD Power DevelopmentLtd

Market Cap: CN¥80.3b

Operates as a power generation company in China.

Banque Saudi Fransi

Market Cap: ر.س41.9b

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

American Financial Group

Market Cap: US$11.2b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

China Resources Beer (Holdings)

Market Cap: HK$86.8b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

SinoPac Financial Holdings

Market Cap: NT$332.0b

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

Acciona

Market Cap: €9.5b

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

Enel Américas

Market Cap: CL$10.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Orkla

Market Cap: NOK 111.7b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Alibaba Health Information Technology

Market Cap: HK$85.9b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Bank of the Philippine Islands

Market Cap: ₱626.1b

Provides various financial products and services to retail and corporate clients in the Philippines.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫287.9t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Tsingtao Brewery

Market Cap: HK$85.6b

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

Skyworks Solutions

Market Cap: US$10.9b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Hims & Hers Health

Market Cap: US$10.9b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Airtel Africa

Market Cap: UK£8.0b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

ICICI Lombard General Insurance

Market Cap: ₹943.8b

Provides various general insurance products and services in India.

Centrica

Market Cap: UK£8.0b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Taiwan Mobile

Market Cap: NT$323.6b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Assurant

Market Cap: US$10.8b

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

IDBI Bank

Market Cap: ₹939.2b

Provides banking and financial solutions to retail and corporate customers in India.

Bajaj Housing Finance

Market Cap: ₹939.2b

Provides housing finance services in India.

United Spirits

Market Cap: ₹936.8b

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

Albertsons Companies

Market Cap: US$10.7b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Lasertec

Market Cap: JP¥1.6t

Engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally.

Adani Energy Solutions

Market Cap: ₹932.0b

Generates, transmits, and distributes power in India.

Bank of Chengdu

Market Cap: CN¥75.9b

Provides various commercial banking products and services in China.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Align Technology

Market Cap: US$10.6b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Krung Thai Bank

Market Cap: ฿342.4b

Engages in commercial banking business in Thailand and internationally.

BAWAG Group

Market Cap: €9.0b

Operates as a holding company for BAWAG P.S.K.