Brazilian Automobiles Defensive Blue Chips

CNA Financial

Market Cap: US$12.6b

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

Hormel Foods

Market Cap: US$12.6b

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

Reinsurance Group of America

Market Cap: US$12.5b

Provides reinsurance and financial solutions.

Banco de Crédito e Inversiones

Market Cap: CL$11.6t

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

ING Bank Slaski

Market Cap: zł45.5b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.6b

Produces and supplies hydro, wind, and energy electricity in Romania.

MACOM Technology Solutions Holdings

Market Cap: US$12.4b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

BB Seguridade Participações

Market Cap: R$66.3b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Aegon

Market Cap: €10.7b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

IDBI Bank

Market Cap: ₹1.1t

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

Vodafone Idea

Market Cap: ₹1.1t

Provides mobile telecommunication services in India.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.6b

Provides a range of banking products and services to individual and corporate customers in China.

Globus Medical

Market Cap: US$12.2b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

CP ALL

Market Cap: ฿392.1b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

mBank

Market Cap: zł44.4b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Krung Thai Bank

Market Cap: ฿391.3b

Engages in commercial banking business in Thailand and internationally.

RenaissanceRe Holdings

Market Cap: US$12.1b

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

Jentech Precision Industrial

Market Cap: NT$376.6b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

True Corporation

Market Cap: ฿387.0b

Provides telecommunications and value-added services in Thailand.

Taiwan Cooperative Financial Holding

Market Cap: NT$375.6b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

BDO Unibank

Market Cap: ₱701.4b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Cochlear

Market Cap: AU$18.3b

Provides implantable hearing solutions for children and adults worldwide.

Almarai

Market Cap: ر.س44.5b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

BE Semiconductor Industries

Market Cap: €10.2b

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

Chubu Electric Power Company

Market Cap: JP¥1.8t

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

Insurance Australia Group

Market Cap: AU$18.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Arab National Bank

Market Cap: ر.س44.3b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$11.8b

Operates membership warehouse clubs on the eastern half of the United States.

Baloise Holding

Market Cap: CHF 9.5b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Penumbra

Market Cap: US$11.7b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Encompass Health

Market Cap: US$11.7b

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

Piotech

Market Cap: CN¥82.6b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ42.8b

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

United Spirits

Market Cap: ₹1.0t

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