Estonia Consumer Retailing Defensive Blue Chips

Semiconductor Manufacturing International

Market Cap: HK$470.2b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Mizuho Financial Group

Market Cap: JP¥8.7t

Engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.0t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Nu Holdings

Market Cap: US$59.9b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Travelers Companies

Market Cap: US$59.8b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Siemens Healthineers

Market Cap: €52.9b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Industrial Bank

Market Cap: CN¥433.6b

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

Becton Dickinson

Market Cap: US$59.5b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Canadian Imperial Bank of Commerce

Market Cap: CA$81.7b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Aflac

Market Cap: US$59.0b

Through its subsidiaries, provides supplemental health and life insurance products.

Monster Beverage

Market Cap: US$58.6b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

ING Groep

Market Cap: €51.6b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Cencora

Market Cap: US$56.8b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

ANZ Group Holdings

Market Cap: AU$88.2b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Lloyds Banking Group

Market Cap: UK£42.6b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Crédit Agricole

Market Cap: €49.9b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Barclays

Market Cap: UK£42.0b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Oversea-Chinese Banking

Market Cap: S$72.7b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Saudi National Bank

Market Cap: ر.س207.6b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Danone

Market Cap: €48.9b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Assicurazioni Generali

Market Cap: €48.9b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Wal-Mart de México. de

Market Cap: Mex$1.1t

Owns and operates self-service stores in Mexico and Central America.

Japan Tobacco

Market Cap: JP¥7.9t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

CaixaBank

Market Cap: €47.7b

Provides various banking products and financial services in Spain and internationally.

Marvell Technology

Market Cap: US$52.8b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Allstate

Market Cap: US$52.5b

Provides property and casualty, and other insurance products in the United States and Canada.

Manulife Financial

Market Cap: CA$72.6b

Provides financial products and services in the United States, Canada, Asia, and internationally.

América Móvil. de

Market Cap: Mex$1.0t

Provides telecommunications services in Latin America and internationally.

Swiss Re

Market Cap: CHF 43.4b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Kotak Mahindra Bank

Market Cap: ₹4.4t

Provides a range of banking and financial services to corporate and individual customers in India.

Nongfu Spring

Market Cap: HK$402.6b

Researches, develops, produces, and markets packaged drinking water and beverage products primarily in Mainland China.

China CITIC Bank

Market Cap: HK$395.1b

Provides various banking products and services in the People’s Republic of China and internationally.

NatWest Group

Market Cap: UK£38.4b

Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.

MetLife

Market Cap: US$50.7b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Truist Financial

Market Cap: US$50.2b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Engie

Market Cap: €44.1b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.