Estonia Food, Beverage & Tobacco Defensive Blue Chips

Telia Company

Market Cap: SEK 139.7b

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

East West Bancorp

Market Cap: US$14.7b

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.

Huaneng Power International

Market Cap: HK$113.8b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Origin Energy

Market Cap: AU$22.3b

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.

Santander Bank Polska

Market Cap: zł53.1b

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

Uni-President Enterprises

Market Cap: NT$441.5b

Engages in the manufacture and marketing of food products in Taiwan and internationally.

Brown-Forman

Market Cap: US$14.5b

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

ASR Nederland

Market Cap: €12.4b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Everest Group

Market Cap: US$14.4b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Banco de Chile

Market Cap: CL$13.9t

Operates as a commercial bank that provides banking services in Chile.

Wilmar International

Market Cap: S$18.4b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Bank of Ireland Group

Market Cap: €12.3b

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

IHH Healthcare Berhad

Market Cap: RM 60.0b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Hua Hong Semiconductor

Market Cap: HK$110.4b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Centene

Market Cap: US$14.2b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Sprouts Farmers Market

Market Cap: US$14.1b

Engages in the retailing of fresh, natural, and organic food products in the United States.

Budweiser Brewing Company APAC

Market Cap: HK$109.5b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Eurobank Ergasias Services and Holdings

Market Cap: €12.0b

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

Gjensidige Forsikring

Market Cap: NOK 140.7b

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

Guangdong Haid Group

Market Cap: CN¥99.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Rockchip Electronics

Market Cap: CN¥98.9b

Operates as a fabless IC design company in China.

Power Assets Holdings

Market Cap: HK$107.6b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Helvetia Holding

Market Cap: CHF 11.0b

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

ageas

Market Cap: €11.7b

Engages in insurance business.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

WH Group

Market Cap: HK$106.0b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.8b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Mashreqbank PSC

Market Cap: د.إ49.9b

Provides various banking and financial services to individuals and corporates.

Bank Polska Kasa Opieki

Market Cap: zł49.6b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Mapfre

Market Cap: €11.6b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

FinecoBank Banca Fineco

Market Cap: €11.6b

Provides banking, credit, trading and investment services in Italy.

JBS

Market Cap: US$13.5b

Operates as a protein and food company worldwide.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥95.8b

Beijing E-Town Semiconductor Technology Co., Ltd.

T&D Holdings

Market Cap: JP¥2.0t

Through its subsidiaries, provides insurance products and services primarily in Japan.