Estonia Food, Beverage & Tobacco Defensive Blue Chips

Olympus

Market Cap: JP¥2.0t

Manufactures and sells precision machineries and instruments worldwide.

Insurance Australia Group

Market Cap: AU$20.5b

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

Bankinter

Market Cap: €11.5b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

First Financial Holding

Market Cap: NT$405.5b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Woori Financial Group

Market Cap: ₩18.4t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

T&D Holdings

Market Cap: JP¥2.0t

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

SCB X

Market Cap: ฿429.3b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

CNA Financial

Market Cap: US$13.2b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Grupo Cibest

Market Cap: Col$53.0t

Provides banking products and services in Colombia and internationally.

Etihad Etisalat

Market Cap: ر.س49.3b

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

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

BDO Unibank

Market Cap: ₱747.7b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

JBS

Market Cap: US$13.0b

Operates as a protein and food company worldwide.

CEMEX. de

Market Cap: Mex$241.1b

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

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Cochlear

Market Cap: AU$19.7b

Provides implantable hearing solutions for children and adults worldwide.

National Bank of Greece

Market Cap: €11.0b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Samsung Fire & Marine Insurance

Market Cap: ₩17.8t

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

Reinsurance Group of America

Market Cap: US$12.8b

Provides reinsurance and financial solutions.

Banco Comercial Português

Market Cap: €11.0b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Elia Group

Market Cap: €10.9b

Develops and operates as a transmission system operator in Belgium and Germany.

Almarai

Market Cap: ر.س47.7b

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

Fisher & Paykel Healthcare

Market Cap: NZ$21.7b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.7b

Operates membership warehouse clubs on the eastern half of the United States.

Hua Nan Financial Holdings

Market Cap: NT$387.6b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.2b

Produces and supplies hydro, wind, and energy electricity in Romania.

True Corporation

Market Cap: ฿407.7b

Provides telecommunications and value-added services in Thailand.

Baxter International

Market Cap: US$12.6b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Rockchip Electronics

Market Cap: CN¥89.9b

Operates as a fabless IC design company in China.

Doximity

Market Cap: US$12.6b

Operates as a digital platform for medical professionals in the United States.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Ørsted

Market Cap: DKK 79.4b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Israel Discount Bank

Market Cap: ₪41.2b

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

Mr. Cooper Group

Market Cap: US$12.4b

Operates as a non-bank servicer of residential mortgage loans in the United States.

CP ALL

Market Cap: ฿400.0b

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