Hungarian Utilities Defensive Blue Chips

Kinsale Capital Group

Market Cap: US$11.2b

Engages in the provision of property and casualty insurance products in the United States.

Tele2

Market Cap: SEK 105.9b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Kirin Holdings Company

Market Cap: JP¥1.6t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Redeia Corporación

Market Cap: €9.4b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

SinoPac Financial Holdings

Market Cap: NT$323.7b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Taiwan Mobile

Market Cap: NT$323.6b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Skyworks Solutions

Market Cap: US$11.0b

Designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

United Spirits

Market Cap: ₹948.1b

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Encompass Health

Market Cap: US$11.0b

Provides post-acute healthcare services in the United States and Puerto Rico.

ICICI Lombard General Insurance

Market Cap: ₹947.2b

Provides various general insurance products and services in India.

Alchip Technologies

Market Cap: NT$321.4b

Engages in the research and development, design, and manufacture of fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Giga Device Semiconductor

Market Cap: CN¥78.3b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

Sembcorp Industries

Market Cap: S$13.9b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Sysmex

Market Cap: JP¥1.6t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.7b

Engages in the clean energy business in China.

Acciona

Market Cap: €9.2b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Mr. Cooper Group

Market Cap: US$10.8b

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

Waaree Energies

Market Cap: ₹931.5b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

American Financial Group

Market Cap: US$10.7b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Orkla

Market Cap: NOK 108.1b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Celcomdigi Berhad

Market Cap: RM 44.9b

An investment holding company, provides mobile communication services and related products in Malaysia.

Universal Health Services

Market Cap: US$10.6b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Marico

Market Cap: ₹916.1b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €9.0b

Engages in the provision of retail and commercial banking services in Italy.

Bharti Hexacom

Market Cap: ₹912.6b

Provides mobile services, fixed-line telephone, and broadband services to end consumers and business customers under the Airtel brand in India.

Molson Coors Beverage

Market Cap: US$10.5b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Huadong Medicine

Market Cap: CN¥75.3b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$82.6b

Provides banking services in the People’s Republic of China.

Enel Américas

Market Cap: CL$10.0t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Bank Albilad

Market Cap: ر.س39.3b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Lasertec

Market Cap: JP¥1.5t

Engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.3b

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

ICICI Prudential Life Insurance

Market Cap: ₹900.7b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Bangkok Dusit Medical Services

Market Cap: ฿335.3b

Operates hospitals in Thailand and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫272.8t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.