Danish Consumer Services Defensive Blue Chips

Aeon

Market Cap: JP¥3.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Jentech Precision Industrial

Market Cap: NT$756.4b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Sigma Healthcare

Market Cap: AU$33.1b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

US Foods Holding

Market Cap: US$23.7b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Principal Financial Group

Market Cap: US$23.7b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Coca-Cola FEMSA. de

Market Cap: US$23.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Global Unichip

Market Cap: NT$750.5b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

China Jushi

Market Cap: CN¥158.2b

Manufactures and sells fiberglass and related products in China and internationally.

QBE Insurance Group

Market Cap: AU$32.8b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Raiffeisen Bank International

Market Cap: €20.1b

Offers banking services to corporate, retail, and institutional customers.

KeyCorp

Market Cap: US$23.3b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Unipol Assicurazioni

Market Cap: €19.9b

Provides insurance products and services primarily in Italy.

STERIS

Market Cap: US$23.2b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Constellation Brands

Market Cap: US$23.2b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

NN Group

Market Cap: €19.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

First Solar

Market Cap: US$23.0b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Terna

Market Cap: €19.7b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ83.9b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$177.8b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Tenet Healthcare

Market Cap: US$22.6b

Operates as a diversified healthcare services company in the United States.

Coca-Cola HBC

Market Cap: UK£16.6b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Loews

Market Cap: US$22.5b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Markel Group

Market Cap: US$22.2b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

China Minsheng Banking

Market Cap: CN¥149.4b

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

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.2b

Provides private health and support services in the Kingdom of Saudi Arabia.

MTN Group

Market Cap: R353.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Riyad Bank

Market Cap: ر.س82.5b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Heineken Holding

Market Cap: €18.8b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Bank Mandiri (Persero)

Market Cap: Rp392.0t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Entegris

Market Cap: US$22.0b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Coles Group

Market Cap: AU$30.5b

Operates as a retailer in Australia.

Mega Financial Holding

Market Cap: NT$696.4b

Provides various financial services in Taiwan.

Bunge Global

Market Cap: US$21.7b

Operates as an agribusiness and food company worldwide.

Bank of Nanjing

Market Cap: CN¥145.6b

Engages in the provision of various financial products and services in China.

ACM Research (Shanghai)

Market Cap: CN¥145.3b

Engages in the research, development, production, and sale of semiconductor equipment in China.