Indonesian Transportation Defensive Blue Chips

Principal Financial Group

Market Cap: US$24.4b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Hana Financial Group

Market Cap: ₩34.4t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

KeyCorp

Market Cap: US$24.2b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Grupo Cibest

Market Cap: Col$75.7t

Provides various banking products and services in Colombia and internationally.

Aeon

Market Cap: JP¥3.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Sigma Healthcare

Market Cap: AU$34.2b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

New China Life Insurance

Market Cap: CN¥162.4b

Provides life insurance products and services to individuals and institutions in China.

Brown & Brown

Market Cap: US$24.0b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Suzhou Centec Communications

Market Cap: CN¥161.4b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Terumo

Market Cap: JP¥3.8t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

BNP Paribas Fortis

Market Cap: €20.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Unipol Assicurazioni

Market Cap: €20.4b

Provides insurance products and services primarily in Italy.

US Foods Holding

Market Cap: US$23.5b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

NN Group

Market Cap: €20.3b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Raiffeisen Bank International

Market Cap: €20.2b

Offers banking services to corporate, retail, and institutional customers.

STERIS

Market Cap: US$23.3b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Loews

Market Cap: US$23.3b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

MTN Group

Market Cap: R376.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Coca-Cola FEMSA. de

Market Cap: US$22.9b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

VERBUND

Market Cap: €19.8b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Terna

Market Cap: €19.8b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Markel Group

Market Cap: US$22.8b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Constellation Brands

Market Cap: US$22.8b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Coca-Cola HBC

Market Cap: UK£16.8b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Mega Financial Holding

Market Cap: NT$732.8b

Provides various financial services in Taiwan.

MACOM Technology Solutions Holdings

Market Cap: US$22.7b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ83.2b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Uniper

Market Cap: €19.5b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Coles Group

Market Cap: AU$31.6b

Operates as a retailer in Australia.

ACM Research (Shanghai)

Market Cap: CN¥150.4b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Lasertec

Market Cap: JP¥3.5t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Banco do Brasil

Market Cap: R$114.3b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Heineken Holding

Market Cap: €19.1b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Entegris

Market Cap: US$22.0b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

China Minsheng Banking

Market Cap: CN¥148.2b

Provides banking products and services in the People's Republic of China.