German Consumer Durables Defensive Blue Chips

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Admiral Group

Market Cap: UK£10.8b

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

Chubu Electric Power Company

Market Cap: JP¥2.3t

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

Grupo Financiero Inbursa. de

Market Cap: Mex$247.1b

Provides various financial products and services to individuals and businesses in Mexico.

Reinsurance Group of America

Market Cap: US$14.1b

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

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Everest Group

Market Cap: US$14.1b

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

Kirin Holdings Company

Market Cap: JP¥2.3t

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

Semtech

Market Cap: US$13.9b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Suncorp Group

Market Cap: AU$20.2b

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

DaVita

Market Cap: US$13.9b

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

Mashreqbank PSC

Market Cap: د.إ51.2b

Provides various banking and financial services to individuals and corporates.

Globe Life

Market Cap: US$13.9b

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

WH Group

Market Cap: HK$108.9b

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.

Phoenix Financial

Market Cap: ₪41.4b

Operates as a financial services company in Israel.

Cooper Companies

Market Cap: US$13.9b

Develops, manufactures, and markets contact lens wearers.

JD Health International

Market Cap: HK$108.4b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Woori Financial Group

Market Cap: ₩21.3t

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

Metro

Market Cap: CA$19.5b

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

McCormick

Market Cap: US$13.7b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

GlobalWafers

Market Cap: NT$437.5b

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

RenaissanceRe Holdings

Market Cap: US$13.6b

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

Uni-President Enterprises

Market Cap: NT$430.1b

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

Gjensidige Forsikring

Market Cap: NOK 133.3b

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.

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.

Kinsus Interconnect Technology

Market Cap: NT$426.8b

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

Shenyang Fortune Precision Equipment

Market Cap: CN¥90.9b

Shenyang Fortune Precision Equipment Co., Ltd.

Tryg

Market Cap: DKK 87.6b

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.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp238.3t

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

African Distillers

Market Cap: US$1.7b

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

Carrefour

Market Cap: €11.6b

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.

Coloplast

Market Cap: DKK 86.0b

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

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.