Danish Consumer Durables Defensive Blue Chips

Shanghai Rural Commercial Bank

Market Cap: CN¥76.7b

Engages in commercial banking business in China.

Shenyang Fortune Precision Equipment

Market Cap: CN¥76.5b

Shenyang Fortune Precision Equipment Co., Ltd.

Tata Consumer Products

Market Cap: ₹1.1t

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

BJ's Wholesale Club Holdings

Market Cap: US$11.2b

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

Industrial Bank of Korea

Market Cap: ₩16.8t

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

Bangkok Bank

Market Cap: ฿376.0b

Provides various commercial banking products and services in Thailand and internationally.

Busy Ming Group

Market Cap: HK$87.7b

Through its subsidiaries, operates as a food and beverage retailer in China.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.8b

Offers insurance and financial services in Israel, Europe, and internationally.

Hong Leong Bank Berhad

Market Cap: RM 45.6b

Operates as a financial services company in Malaysia and internationally.

Insulet

Market Cap: US$11.2b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫293.0t

Provides various banking products and services in Vietnam and internationally.

Bank of Chengdu

Market Cap: CN¥75.4b

Provides various banking products and services in China.

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.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

King Yuan Electronics

Market Cap: NT$356.4b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Silicon Motion Technology

Market Cap: US$11.1b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

SD Guthrie Berhad

Market Cap: RM 45.0b

Operates as an integrated plantations company in Malaysia and internationally.

Popular

Market Cap: US$11.0b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥74.6b

Engages in the clean energy business in China.

UMB Financial

Market Cap: US$11.0b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Encompass Health

Market Cap: US$10.9b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Arab National Bank

Market Cap: ر.س40.9b

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.

Absa Group

Market Cap: R179.3b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Zhejiang Zheneng Electric Power

Market Cap: CN¥73.3b

Zhejiang Zheneng Electric Power Co., Ltd.

Guangdong Haid Group

Market Cap: CN¥73.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Quebecor

Market Cap: CA$15.2b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Chongqing Rural Commercial Bank

Market Cap: HK$84.1b

Provides banking and related financial services in the People’s Republic of China.

Budweiser Brewing Company APAC

Market Cap: HK$83.9b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Orkla

Market Cap: NOK 103.9b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Ryan Specialty Holdings

Market Cap: US$10.7b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Far EasTone Telecommunications

Market Cap: NT$343.0b

Provides mobile telecommunications services in Taiwan and internationally.