Ivorian Retail Defensive Blue Chips

GLOBALFOUNDRIES

Market Cap: US$31.2b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Bank of Ningbo

Market Cap: CN¥211.4b

Provides various personal and business banking products and services in the People's Republic of China.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ113.8b

Provides banking products and services in the United Arab Emirates and internationally.

Bank Hapoalim B.M

Market Cap: ₪94.7b

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

Credicorp

Market Cap: US$30.8b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Veolia Environnement

Market Cap: €26.9b

Designs and provides water, waste, and energy management solutions.

Foshan Haitian Flavouring and Food

Market Cap: CN¥206.9b

Foshan Haitian Flavouring and Food Company Ltd.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.9b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Citizens Financial Group

Market Cap: US$30.3b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Seven & i Holdings

Market Cap: JP¥5.0t

Operates convenience stores in Japan, North America, and internationally.

Ørsted

Market Cap: DKK 198.7b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Standard Bank Group

Market Cap: R509.9b

Provides financial products and services in South Africa and internationally.

Kraft Heinz

Market Cap: US$30.1b

Manufactures and markets food and beverage products in North America and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$525.5b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Atmos Energy

Market Cap: US$29.7b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Ajinomoto

Market Cap: JP¥4.9t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Svenska Handelsbanken

Market Cap: SEK 287.1b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Tower Semiconductor

Market Cap: US$29.4b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Gulf Development

Market Cap: ฿986.0b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Veeva Systems

Market Cap: US$29.2b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Qnity Electronics

Market Cap: US$29.0b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Nestlé India

Market Cap: ₹2.8t

Engages in the manufacture and sale of food products in India and internationally.

Sampo Oyj

Market Cap: €25.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.7t

Operates as a trust bank in Japan and internationally.

AXIA Energia

Market Cap: R$145.6b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

W. R. Berkley

Market Cap: US$28.5b

An insurance holding company, operates as a commercial line writer worldwide.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥192.0b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

GE HealthCare Technologies

Market Cap: US$28.2b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Cincinnati Financial

Market Cap: US$27.7b

Provides property casualty insurance products in the United States.

ResMed

Market Cap: US$27.7b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥187.1b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Aviva

Market Cap: UK£20.7b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Fresenius SE KGaA

Market Cap: €24.1b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

George Weston

Market Cap: CA$38.4b

Provides food and drug retailing, and financial services in Canada.

PPL

Market Cap: US$27.3b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.