Icelandic Transportation Defensive Blue Chips

Telenor

Market Cap: NOK 183.6b

Operates as a telecommunication company worldwide.

Associated British Foods

Market Cap: UK£14.3b

Engages in the food, ingredients, and retail businesses worldwide.

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Skyverse Technology

Market Cap: CN¥129.8b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Arca Continental. de

Market Cap: Mex$327.0b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Zimmer Biomet Holdings

Market Cap: US$19.2b

Operates as a medical technology company worldwide.

E.SUN Financial Holding Company

Market Cap: NT$610.6b

Offers various financial banking products and services in Taiwan.

Saudi Energy

Market Cap: ر.س70.8b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Luzhou LaojiaoLtd

Market Cap: CN¥127.1b

Produces and sells alcoholic products in China and internationally.

Telecom Italia

Market Cap: €16.2b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a life insurance company in India.

Eurobank

Market Cap: €16.2b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

East West Bancorp

Market Cap: US$18.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Banco Comercial Português

Market Cap: €16.1b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Krung Thai Bank

Market Cap: ฿614.9b

Engages in commercial banking business in Thailand and internationally.

Tukas Gida Sanayi ve Ticaret

Market Cap: ₺891.0b

Manufactures and sells food products in Turkey and internationally.

Lattice Semiconductor

Market Cap: US$18.5b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 83.7b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫486.3t

Provides banking products and services in Vietnam.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

SinoPac Financial Holdings

Market Cap: NT$585.4b

Through its subsidiaries, provides banking services worldwide.

IonQ

Market Cap: US$18.4b

Develops quantum computing systems in the United States, Switzerland, and Internationally.

Bank Polska Kasa Opieki

Market Cap: zł68.0b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Saudi Awwal Bank

Market Cap: ر.س68.6b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Telefônica Brasil

Market Cap: R$95.0b

Operates as a mobile telecommunications company in Brazil.

Telia Company

Market Cap: SEK 172.8b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

James Hardie Industries

Market Cap: AU$25.4b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Samsung Fire & Marine Insurance

Market Cap: ₩25.6t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

BIWIN Storage Technology

Market Cap: CN¥121.1b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Wilmar International

Market Cap: S$22.9b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Vodacom Group

Market Cap: R289.9b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Federal Home Loan Mortgage

Market Cap: US$17.9b

Operates in the secondary mortgage market in the United States.

MPI

Market Cap: NT$568.3b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Koninklijke KPN

Market Cap: €15.4b

Provides telecommunications and information technology (IT) services in the Netherlands.

Kasikornbank

Market Cap: ฿585.4b

Provides commercial banking products and services in Thailand and internationally.

IHH Healthcare Berhad

Market Cap: RM 71.9b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.