Finnish Utilities Defensive Blue Chips

Magnum Ice Cream

Market Cap: €10.0b

Engages in the ice cream business in the Netherlands.

United Nova TechnologyLtd

Market Cap: CN¥77.2b

Manufactures and markets power discrete and modules in China and internationally.

KINGSEMI

Market Cap: CN¥77.0b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Guangdong Haid Group

Market Cap: CN¥77.0b

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

Chongqing Genori Technology

Market Cap: CN¥76.8b

Manufactures core components and materials.

Kinsus Interconnect Technology

Market Cap: NT$362.0b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Aier Eye Hospital Group

Market Cap: CN¥76.6b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Industrial Bank of Korea

Market Cap: ₩17.0t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

China Resources Power Holdings

Market Cap: HK$88.0b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

BJ's Wholesale Club Holdings

Market Cap: US$11.2b

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

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Maplebear

Market Cap: US$11.1b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Bangkok Bank

Market Cap: ฿369.4b

Provides various commercial banking products and services in Thailand and internationally.

BDO Unibank

Market Cap: ₱681.3b

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

Arab National Bank

Market Cap: ر.س41.6b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Ryan Specialty Holdings

Market Cap: US$11.1b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Insulet

Market Cap: US$11.1b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥75.2b

Engages in commercial banking business in China.

Hong Leong Bank Berhad

Market Cap: RM 45.0b

Operates as a financial services company in Malaysia and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Taiwan Mobile

Market Cap: NT$353.1b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Discovery

Market Cap: R178.5b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Wintrust Financial

Market Cap: US$11.0b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

UMB Financial

Market Cap: US$11.0b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Globus Medical

Market Cap: US$10.9b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Dosilicon

Market Cap: CN¥74.1b

Engages in the design, research and development, and sale of semiconductor chips worldwide.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥74.1b

Engages in the generation and sale of electricity in China.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Popular

Market Cap: US$10.9b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Quebecor

Market Cap: CA$15.4b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Japan Post Insurance

Market Cap: JP¥1.8t

Engages in the provision of life insurance products and services in Japan.

Silicon Motion Technology

Market Cap: US$10.8b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

JoulWatt Technology

Market Cap: CN¥73.4b

Engages in the research and development, and sale of analog integrated circuits in China.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Orkla

Market Cap: NOK 105.1b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Tianshui Huatian Technology

Market Cap: CN¥72.9b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.