Estonia Transportation Defensive Blue Chips

Great Eastern Holdings

Market Cap: S$18.3b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

T&D Holdings

Market Cap: JP¥2.3t

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

Globe Life

Market Cap: US$14.1b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Mashreqbank PSC

Market Cap: د.إ51.8b

Provides various banking and financial services to individuals and corporates.

Suncorp Group

Market Cap: AU$20.2b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Uni-President Enterprises

Market Cap: NT$454.6b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Tryg

Market Cap: DKK 91.8b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Metro

Market Cap: CA$19.6b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق50.4b

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

Hormel Foods

Market Cap: US$13.8b

Develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.

Wens Foodstuff Group

Market Cap: CN¥93.5b

Engages in the agricultural and animal husbandry businesses in China and internationally.

Cooper Companies

Market Cap: US$13.8b

Develops, manufactures, and markets contact lens wearers.

Nexchip Semiconductor

Market Cap: CN¥93.2b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

McCormick

Market Cap: US$13.7b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Fisher & Paykel Healthcare

Market Cap: NZ$23.5b

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

Pro Medicus

Market Cap: AU$19.5b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Assurant

Market Cap: US$13.6b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Insurance Australia Group

Market Cap: AU$19.4b

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

CNA Financial

Market Cap: US$13.5b

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

Fidelity National Financial

Market Cap: US$13.5b

Provides various insurance products in the United States.

WH Group

Market Cap: HK$105.7b

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

United Utilities Group

Market Cap: UK£10.0b

Provides water and wastewater services in the United Kingdom.

Banque Cantonale Vaudoise

Market Cap: CHF 10.9b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Shanghai United Imaging Healthcare

Market Cap: CN¥90.5b

Shanghai United Imaging Healthcare Co., Ltd.

Carrefour

Market Cap: €11.7b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Chubu Electric Power Company

Market Cap: JP¥2.2t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Bank of Baroda

Market Cap: ₹1.3t

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

Anhui Conch Cement

Market Cap: CN¥89.6b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.3t

Provides healthcare services in India.

Smith & Nephew

Market Cap: UK£9.8b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

RenaissanceRe Holdings

Market Cap: US$13.1b

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

Caixa Seguridade Participações

Market Cap: R$66.9b

Provides insurance products in Brazil and internationally.

LONGi Green Energy Technology

Market Cap: CN¥88.8b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Eastroc Beverage (Group)

Market Cap: CN¥88.8b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.