Belgian Automobiles Defensive Blue Chips

Kirin Holdings Company

Market Cap: JP¥1.6t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Redeia Corporación

Market Cap: €9.4b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

DaVita

Market Cap: US$11.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

SinoPac Financial Holdings

Market Cap: NT$323.7b

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

Taiwan Mobile

Market Cap: NT$323.6b

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

Skyworks Solutions

Market Cap: US$11.0b

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

United Spirits

Market Cap: ₹948.1b

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Tele2

Market Cap: SEK 104.5b

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

ICICI Lombard General Insurance

Market Cap: ₹947.2b

Provides various general insurance products and services in India.

Alchip Technologies

Market Cap: NT$321.4b

Engages in the research and development, design, and manufacture of fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Giga Device Semiconductor

Market Cap: CN¥78.3b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

Encompass Health

Market Cap: US$10.9b

Provides post-acute healthcare services in the United States and Puerto Rico.

Sembcorp Industries

Market Cap: S$13.9b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Sysmex

Market Cap: JP¥1.6t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.7b

Engages in the clean energy business in China.

Mr. Cooper Group

Market Cap: US$10.8b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Waaree Energies

Market Cap: ₹931.5b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

American Financial Group

Market Cap: US$10.7b

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

Banca Monte dei Paschi di Siena

Market Cap: €9.1b

Engages in the provision of retail and commercial banking services in Italy.

Orkla

Market Cap: NOK 108.2b

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.

Celcomdigi Berhad

Market Cap: RM 44.9b

An investment holding company, provides mobile communication services and related products in Malaysia.

Marico

Market Cap: ₹916.1b

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

Acciona

Market Cap: €9.0b

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

Bharti Hexacom

Market Cap: ₹912.6b

Provides mobile services, fixed-line telephone, and broadband services to end consumers and business customers under the Airtel brand in India.

Huadong Medicine

Market Cap: CN¥75.3b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$82.6b

Provides banking services in the People’s Republic of China.

Universal Health Services

Market Cap: US$10.5b

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

Bank Albilad

Market Cap: ر.س39.3b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Molson Coors Beverage

Market Cap: US$10.4b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Lasertec

Market Cap: JP¥1.5t

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

ICICI Prudential Life Insurance

Market Cap: ₹900.7b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Bangkok Dusit Medical Services

Market Cap: ฿335.3b

Operates hospitals in Thailand and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.3b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫272.8t

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

Enel Américas

Market Cap: CL$9.8t

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

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.