Spanish Consumer Services Defensive Blue Chips

Mashreqbank PSC

Market Cap: د.إ51.6b

Provides various banking and financial services to individuals and corporates.

Hormel Foods

Market Cap: US$13.9b

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

Insurance Australia Group

Market Cap: AU$19.9b

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

Nova

Market Cap: US$13.9b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

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

Market Cap: ر.ق50.6b

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

Fidelity National Financial

Market Cap: US$13.9b

Provides various insurance products in the United States.

LONGi Green Energy Technology

Market Cap: CN¥93.9b

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

Chubu Electric Power Company

Market Cap: JP¥2.3t

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

Coloplast

Market Cap: DKK 90.9b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Unum Group

Market Cap: US$13.8b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Metro

Market Cap: CA$19.4b

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

Assurant

Market Cap: US$13.7b

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

Cooper Companies

Market Cap: US$13.7b

Develops, manufactures, and markets contact lens wearers.

RenaissanceRe Holdings

Market Cap: US$13.7b

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

Rockchip Electronics

Market Cap: CN¥92.6b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

WH Group

Market Cap: HK$107.1b

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

Uni-President Enterprises

Market Cap: NT$439.8b

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

Onto Innovation

Market Cap: US$13.6b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

United Utilities Group

Market Cap: UK£10.2b

Provides water and wastewater services in the United Kingdom.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Wens Foodstuff Group

Market Cap: CN¥91.4b

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

Globe Life

Market Cap: US$13.5b

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

Britannia Industries

Market Cap: ₹1.3t

Engages in manufacturing, trading, and sale of various food products in India and internationally.

McCormick

Market Cap: US$13.4b

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

Fisher & Paykel Healthcare

Market Cap: NZ$23.2b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥90.7b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

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.

Anhui Conch Cement

Market Cap: CN¥90.4b

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

Shanghai United Imaging Healthcare

Market Cap: CN¥90.0b

Shanghai United Imaging Healthcare Co., Ltd.

Yokohama Financial Group

Market Cap: JP¥2.2t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥89.6b

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

Bank of Baroda

Market Cap: ₹1.3t

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

Punjab National Bank

Market Cap: ₹1.3t

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

Apollo Hospitals Enterprise

Market Cap: ₹1.3t

Provides healthcare services in India.

Piraeus Bank

Market Cap: €11.5b

Provides various banking products and services in Greece, Europe, and internationally.

Etihad Etisalat

Market Cap: ر.س49.0b

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