Danish Materials Defensive Blue Chips

KT&G

Market Cap: ₩19.6t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Assurant

Market Cap: US$12.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Apollo Hospitals Enterprise

Market Cap: ₹1.2t

Provides healthcare services in India.

Insurance Australia Group

Market Cap: AU$18.3b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Piraeus Bank

Market Cap: €11.1b

Provides various banking products and services in Greece, Europe, and internationally.

Jerónimo Martins SGPS

Market Cap: €11.2b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Etihad Etisalat

Market Cap: ر.س48.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Fidelity National Financial

Market Cap: US$12.9b

Provides various insurance products in the United States.

Smith & Nephew

Market Cap: UK£9.6b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

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.

Banque Saudi Fransi

Market Cap: ر.س48.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Wens Foodstuff Group

Market Cap: CN¥87.0b

Engages in the agricultural and animal husbandry businesses in China and internationally.

RenaissanceRe Holdings

Market Cap: US$12.8b

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

Banque Cantonale Vaudoise

Market Cap: CHF 10.2b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

ROHM

Market Cap: JP¥2.0t

Manufactures and sells electronic components worldwide.

Israel Discount Bank

Market Cap: ₪36.6b

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

Far EasTone Telecommunications

Market Cap: NT$396.8b

Provides mobile telecommunications services in Taiwan and internationally.

Bank of Chengdu

Market Cap: CN¥84.9b

Provides various banking products and services in China.

Penumbra

Market Cap: US$12.5b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

CP ALL

Market Cap: ฿407.7b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Align Technology

Market Cap: US$12.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Italgas

Market Cap: €10.8b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Coca-Cola Consolidated

Market Cap: US$12.5b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Brown-Forman

Market Cap: US$12.5b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

J. M. Smucker

Market Cap: US$12.4b

Manufactures and markets branded food and beverage products worldwide.

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥83.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Turkiye Garanti Bankasi

Market Cap: ₺570.8b

Provides various banking products and services in Turkey.

MTN Nigeria Communications

Market Cap: ₦16.8t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Fresenius Medical Care

Market Cap: €10.7b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Almarai

Market Cap: ر.س46.2b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Absa Group

Market Cap: R198.9b

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

Nexchip Semiconductor

Market Cap: CN¥83.2b

Engages in the research, development, production, and sale of integrated circuit-related products in China and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥82.9b

Engages in commercial banking business in China.

Yokohama Financial Group

Market Cap: JP¥2.0t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.