Estonia Energy Defensive Blue Chips

ACM Research (Shanghai)

Market Cap: CN¥126.4b

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

Erste Bank Polska

Market Cap: zł70.1b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Yuanjie Semiconductor Technology

Market Cap: CN¥126.2b

Yuanjie Semiconductor Technology Co., Ltd.

Alinma Bank

Market Cap: ر.س70.0b

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

Telia Company

Market Cap: SEK 178.5b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Dairibord Holdings

Market Cap: US$2.4b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Zimmer Biomet Holdings

Market Cap: US$18.5b

Operates as a medical technology company worldwide.

Lasertec

Market Cap: JP¥3.0t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Saudi Awwal Bank

Market Cap: ر.س69.4b

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

Suzhou Centec Communications

Market Cap: CN¥124.6b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

SDIC Power Holdings

Market Cap: CN¥123.5b

Engages in the electricity generation business in China.

Hua Nan Financial Holdings

Market Cap: NT$593.6b

Provides financial services in Taiwan and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$93.3b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Koninklijke KPN

Market Cap: €15.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

Eurobank

Market Cap: €15.9b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Vodacom Group

Market Cap: R301.6b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Federal Home Loan Mortgage

Market Cap: US$18.2b

Operates in the secondary mortgage market in the United States.

Performance Food Group

Market Cap: US$18.1b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Banco de Sabadell

Market Cap: €15.8b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

IHH Healthcare Berhad

Market Cap: RM 73.8b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Entegris

Market Cap: US$18.0b

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.

East West Bancorp

Market Cap: US$18.0b

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.

Telecom Italia

Market Cap: €15.6b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫472.1t

Provides banking products and services in Vietnam.

Samsung Fire & Marine Insurance

Market Cap: ₩25.6t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Krung Thai Bank

Market Cap: ฿597.5b

Engages in commercial banking business in Thailand and internationally.

Bank of Hangzhou

Market Cap: CN¥119.6b

Provides various banking products and services in China.

SinoPac Financial Holdings

Market Cap: NT$574.3b

Through its subsidiaries, provides banking services worldwide.

BE Semiconductor Industries

Market Cap: €15.3b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Banco Comercial Português

Market Cap: €15.0b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

CEMEX. de

Market Cap: Mex$298.3b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

JCET Group

Market Cap: CN¥115.4b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Lattice Semiconductor

Market Cap: US$17.0b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Kasikornbank

Market Cap: ฿568.9b

Provides commercial banking products and services in Thailand and internationally.

Airtel Africa

Market Cap: UK£12.6b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.