Belgian Utilities Defensive Blue Chips

Hormel Foods

Market Cap: US$14.1b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

GlobalWafers

Market Cap: NT$447.5b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Mashreqbank PSC

Market Cap: د.إ51.6b

Provides various banking and financial services to individuals and corporates.

Chubu Electric Power Company

Market Cap: JP¥2.3t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Metro

Market Cap: CA$19.9b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Banco de Crédito e Inversiones

Market Cap: CL$12.9t

Provides various banking products and services in Chile, the United States, and Peru.

Phoenix Financial

Market Cap: ₪41.7b

Operates as a financial services company in Israel.

Admiral Group

Market Cap: UK£10.6b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

WH Group

Market Cap: HK$109.1b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

T&D Holdings

Market Cap: JP¥2.2t

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

Suncorp Group

Market Cap: AU$20.1b

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

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥94.0b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Konfoong Materials International

Market Cap: CN¥93.8b

Konfoong Materials International Co., Ltd.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp245.2t

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

Everest Group

Market Cap: US$13.7b

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

DaVita

Market Cap: US$13.7b

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

Globe Life

Market Cap: US$13.6b

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

Pro Medicus

Market Cap: AU$19.7b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Reinsurance Group of America

Market Cap: US$13.6b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Gjensidige Forsikring

Market Cap: NOK 134.2b

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

HDFC Life Insurance

Market Cap: ₹1.3t

Engages in the provision of individual and group insurance solutions in India.

Woori Financial Group

Market Cap: ₩20.7t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Rambus

Market Cap: US$13.5b

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

Cooper Companies

Market Cap: US$13.4b

Develops, manufactures, and markets contact lens wearers.

Tryg

Market Cap: DKK 87.8b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Hippo Valley Estates

Market Cap: US$1.7b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

African Distillers

Market Cap: US$1.7b

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

Uni-President Enterprises

Market Cap: NT$423.9b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

RenaissanceRe Holdings

Market Cap: US$13.2b

Provides reinsurance and insurance products in the United States and internationally.

Kinsus Interconnect Technology

Market Cap: NT$420.0b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Coloplast

Market Cap: DKK 86.1b

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

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Carrefour

Market Cap: €11.5b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.2t

Provides healthcare services in India.

Assurant

Market Cap: US$13.1b

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