Ivorian Food, Beverage & Tobacco Defensive Blue Chips

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.4b

Henan Shuanghui Investment & Development Co.,Ltd.

Kirin Holdings Company

Market Cap: JP¥1.8t

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

Tele2

Market Cap: SEK 115.7b

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

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م111.2b

Provides various telecommunication solutions in Morocco and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.9b

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

Hua Hong Semiconductor

Market Cap: HK$95.2b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Baxter International

Market Cap: US$12.1b

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

Elia Group

Market Cap: €10.3b

Develops and operates as a transmission system operator in Belgium and Germany.

Tata Consumer Products

Market Cap: ₹1.1t

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

Banco Santander-Chile

Market Cap: CL$11.6t

Provides commercial and retail banking products and services in Chile.

Arab National Bank

Market Cap: ر.س44.7b

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.

Aegon

Market Cap: €10.1b

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

Israel Discount Bank

Market Cap: ₪39.7b

Provides various banking and financial services in Israel, Europe, and North America.

Zegona Communications

Market Cap: UK£8.8b

Provides integrated telecommunications services in Spain.

Universal Health Services

Market Cap: US$11.8b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥84.1b

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

Maplebear

Market Cap: US$11.7b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

American Financial Group

Market Cap: US$11.6b

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

First Horizon

Market Cap: US$11.6b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Rockchip Electronics

Market Cap: CN¥82.6b

Operates as a fabless IC design company in China.

BB Seguridade Participações

Market Cap: R$62.6b

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

RenaissanceRe Holdings

Market Cap: US$11.5b

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

Globe Life

Market Cap: US$11.5b

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

Baloise Holding

Market Cap: CHF 9.1b

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

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.

InnoScience (Suzhou) Technology Holding

Market Cap: HK$88.9b

InnoScience (Suzhou) Technology Holding Co., Ltd.

China Zheshang Bank

Market Cap: HK$88.7b

Provides various commercial banking products and services in Mainland China.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.4b

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

James Hardie Industries

Market Cap: AU$17.3b

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

China Resources Beer (Holdings)

Market Cap: HK$88.5b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

HKT Trust and HKT

Market Cap: HK$88.3b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Jentech Precision Industrial

Market Cap: NT$344.4b

Manufactures and sells precision molds worldwide.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥80.4b

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

Orkla

Market Cap: NOK 113.0b

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.