German Automobiles Defensive Blue Chips

Taiwan Mobile

Market Cap: NT$329.7b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Industrial Bank of Korea

Market Cap: ₩15.2t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

Krung Thai Bank

Market Cap: ฿349.4b

Engages in commercial banking business in Thailand and internationally.

mBank

Market Cap: zł39.0b

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

Old Republic International

Market Cap: US$10.6b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

Anhui Gujing Distillery

Market Cap: CN¥75.4b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Albertsons Companies

Market Cap: US$10.6b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Centrica

Market Cap: UK£7.9b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Molina Healthcare

Market Cap: US$10.6b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces.

JCET Group

Market Cap: CN¥75.0b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Piraeus Financial Holdings

Market Cap: €9.0b

Provides banking products and services in Greece and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫276.3t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Chubu Electric Power Company

Market Cap: JP¥1.6t

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

Marico

Market Cap: ₹920.7b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Redeia Corporación

Market Cap: €9.0b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

Bajaj Housing Finance

Market Cap: ₹917.6b

Provides housing finance services in India.

National Silicon Industry Group

Market Cap: CN¥74.4b

National Silicon Industry Group Co., Ltd.

iA Financial

Market Cap: CA$14.7b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Maplebear

Market Cap: US$10.4b

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

Buzzi

Market Cap: €8.9b

Manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.

Banco de Crédito e Inversiones

Market Cap: CL$10.0t

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

Orkla

Market Cap: NOK 104.8b

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.

Indus Towers

Market Cap: ₹909.3b

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.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥73.4b

Beijing E-Town Semiconductor Technology Co., Ltd.

China Resources Microelectronics

Market Cap: CN¥73.3b

An investment holding company, engages in the manufacture and sale of semiconductors.

TIM

Market Cap: R$55.9b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Comerica

Market Cap: US$10.2b

Provides financial services in the United States, Canada, and Mexico.

Celcomdigi Berhad

Market Cap: RM 43.2b

An investment holding company, provides mobile communication services and related products in Malaysia.

Rambus

Market Cap: US$10.2b

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

Ensign Group

Market Cap: US$10.2b

Provides skilled nursing, senior living, and rehabilitative services.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥72.6b

Engages in the clean energy business in China.

MACOM Technology Solutions Holdings

Market Cap: US$10.2b

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

Sanan OptoelectronicsLtd

Market Cap: CN¥72.6b

Engages in the research, development, production, and sale of LED epitaxial wafers and chips, compound semiconductors, semiconductor and communication chips, and sapphire substrates in China and internationally.

J Sainsbury

Market Cap: UK£7.6b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.