Belgian Telecom Defensive Blue Chips

Bank of Chengdu

Market Cap: CN¥76.3b

Provides various banking products and services in China.

Maplebear

Market Cap: US$11.3b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.2b

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

United Spirits

Market Cap: ₹1.1t

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

Popular

Market Cap: US$11.3b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

DaVita

Market Cap: US$11.3b

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

Guangdong Haid Group

Market Cap: CN¥75.6b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Sanlam

Market Cap: R181.7b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Mowi

Market Cap: NOK 105.2b

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

Busy Ming Group

Market Cap: HK$87.5b

Through its subsidiaries, operates as a food and beverage retailer in China.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥74.7b

Engages in the clean energy business in China.

China Zheshang Bank

Market Cap: HK$86.2b

Provides corporate and retail banking services in Mainland China.

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Ingenic SemiconductorLtd

Market Cap: CN¥73.9b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

Glaukos

Market Cap: US$10.9b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

Rambus

Market Cap: US$10.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Marks and Spencer Group

Market Cap: UK£8.1b

Operates various retail stores.

Henan Shijia Photons Technology

Market Cap: CN¥73.4b

Henan Shijia Photons Technology Co., Ltd.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Bangkok Bank

Market Cap: ฿358.9b

Provides various commercial banking products and services in Thailand and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$84.7b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

FormFactor

Market Cap: US$10.8b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

BDO Unibank

Market Cap: ₱664.3b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

SouthState Bank

Market Cap: US$10.7b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Discovery

Market Cap: R174.2b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Unicaja Banco

Market Cap: €9.3b

Engages in the retail banking business in Spain.

Chongqing Rural Commercial Bank

Market Cap: HK$84.1b

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

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Dairibord Holdings

Market Cap: US$1.4b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Darling Ingredients

Market Cap: US$10.7b

Develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally.

Ryan Specialty Holdings

Market Cap: US$10.7b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

KINGSEMI

Market Cap: CN¥71.8b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫280.0t

Provides various banking products and services in Vietnam and internationally.

Vienna Insurance Group

Market Cap: €9.2b

Engages in providing insurance products and services in Austria and internationally.