Belgian Transportation Defensive Blue Chips

Asahi Group Holdings

Market Cap: JP¥2.4t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

James Hardie Industries

Market Cap: AU$21.9b

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

Public Power

Market Cap: €13.3b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Grupo Financiero Inbursa. de

Market Cap: Mex$264.6b

Provides various financial products and services to individuals and businesses in Mexico.

Grupo Bimbo. de

Market Cap: Mex$263.3b

Produces, distributes, and markets bakery products.

Coloplast

Market Cap: DKK 98.4b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Enpara Bank

Market Cap: ₺718.6b

Provides banking services and products in Turkey.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

DaVita

Market Cap: US$15.0b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ55.0b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

LONGi Green Energy Technology

Market Cap: CN¥100.4b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp270.1t

Provides information and communications technology, and telecommunications network services worldwide.

Kerry Group

Market Cap: €12.9b

Provides taste and nutrition solutions.

SCREEN Holdings

Market Cap: JP¥2.3t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Gjensidige Forsikring

Market Cap: NOK 141.4b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Attijariwafa bank

Market Cap: د.م137.9b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Kirin Holdings Company

Market Cap: JP¥2.3t

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

Mashreqbank PSC

Market Cap: د.إ54.2b

Provides various banking and financial services to individuals and corporates.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.1b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Rede D'Or São Luiz

Market Cap: R$74.9b

Engages in the provision of hospital services in Brazil.

Brookfield Wealth Solutions

Market Cap: US$14.7b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Baxter International

Market Cap: US$14.5b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

SiTime

Market Cap: US$14.5b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

CNA Financial

Market Cap: US$14.5b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Cooper Companies

Market Cap: US$14.5b

Develops, manufactures, and markets contact lens wearers.

Phoenix Financial

Market Cap: ₪44.1b

Operates as a financial services company in Israel.

BIWIN Storage Technology

Market Cap: CN¥97.5b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Xi'an ESWIN Material Technology

Market Cap: CN¥97.3b

Xi'an ESWIN Material Technology Co., Ltd.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥96.8b

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

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

Market Cap: ر.ق52.1b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Suncorp Group

Market Cap: AU$20.4b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Globe Life

Market Cap: US$14.3b

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

Everest Group

Market Cap: US$14.3b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Unum Group

Market Cap: US$14.3b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Fisher & Paykel Healthcare

Market Cap: NZ$24.2b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.