Estonia Consumer Retailing Defensive Blue Chips

Montage Technology

Market Cap: CN¥87.3b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

ageas

Market Cap: €10.6b

Engages in insurance business.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Engages in the provision of healthcare services in India and internationally.

MTN Group

Market Cap: R221.7b

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

Teradyne

Market Cap: US$11.9b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.5b

Henan Shuanghui Investment & Development Co.,Ltd.

Tsingtao Brewery

Market Cap: HK$92.2b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$372.0b

Provides financial services in Taiwan and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$370.7b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Coca-Cola Consolidated

Market Cap: US$11.8b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Encompass Health

Market Cap: US$11.8b

Provides post-acute healthcare services in the United States and Puerto Rico.

Conagra Brands

Market Cap: US$11.8b

Operates as a consumer packaged goods food company primarily in the United States.

East West Bancorp

Market Cap: US$11.8b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

RenaissanceRe Holdings

Market Cap: US$11.8b

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

Giga Device Semiconductor

Market Cap: CN¥85.5b

A fabless company, provides engages in the research and development, technical support, and sales of memories, microcontrollers, and sensors.

Origin Energy

Market Cap: AU$18.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Molson Coors Beverage

Market Cap: US$11.7b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

JDE Peet's

Market Cap: €10.3b

Operates as a provider of various coffee and tea products worldwide.

Gjensidige Forsikring

Market Cap: NOK 121.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Helvetia Holding

Market Cap: CHF 9.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Universal Health Services

Market Cap: US$11.5b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Manila Electric

Market Cap: ₱642.4b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Bangkok Dusit Medical Services

Market Cap: ฿381.4b

Operates hospitals in Thailand and internationally.

Cochlear

Market Cap: AU$17.9b

Provides implantable hearing solutions for children and adults worldwide.

China Resources Beer (Holdings)

Market Cap: HK$88.9b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Bank of Ireland Group

Market Cap: €10.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Union Bank of India

Market Cap: ₹960.2b

Provides various banking products and services.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.6b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

BPER Banca

Market Cap: €10.1b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Banco Santander-Chile

Market Cap: CL$10.8t

Provides commercial and retail banking products and services in Chile.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥82.8b

Engages in the clean energy business in China.

First Financial Holding

Market Cap: NT$356.3b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

Kasikornbank

Market Cap: ฿377.9b

Provides commercial banking products and services in Thailand and internationally.

Penumbra

Market Cap: US$11.3b

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

Bank Albilad

Market Cap: ر.س42.5b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Arab National Bank

Market Cap: ر.س42.5b

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.