Icelandic Utilities Defensive Blue Chips

Nova

Market Cap: US$12.0b

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.

Arab National Bank

Market Cap: ر.س44.8b

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.

American Financial Group

Market Cap: US$11.9b

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

Bank of Chengdu

Market Cap: CN¥80.0b

Provides various banking products and services in China.

Encompass Health

Market Cap: US$11.9b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

Alpha Bank

Market Cap: €10.1b

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

HKT Trust and HKT

Market Cap: HK$92.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Saputo

Market Cap: CA$16.3b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Nexchip Semiconductor

Market Cap: CN¥78.6b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

First Horizon

Market Cap: US$11.7b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Globus Medical

Market Cap: US$11.7b

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

Industrial Bank of Korea

Market Cap: ₩16.1t

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

Hong Leong Bank Berhad

Market Cap: RM 47.1b

Operates as a financial services company in Malaysia and internationally.

Mowi

Market Cap: NOK 108.2b

A seafood company, produces and sells Atlantic salmon products worldwide.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥78.0b

Engages in the generation and sale of electricity in China.

Far EasTone Telecommunications

Market Cap: NT$369.6b

Provides mobile telecommunications services in Taiwan and internationally.

China Resources Microelectronics

Market Cap: CN¥77.9b

Engages in the manufacture and sale of semiconductors in China and internationally.

Realtek Semiconductor

Market Cap: NT$369.1b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Absa Group

Market Cap: R185.3b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Semtech

Market Cap: US$11.6b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Align Technology

Market Cap: US$11.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Maplebear

Market Cap: US$11.5b

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

United Spirits

Market Cap: ₹1.1t

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

YTL Power International Berhad

Market Cap: RM 46.5b

An investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺552.7b

Provides various banking products and services in Turkey.

Aier Eye Hospital Group

Market Cap: CN¥77.3b

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

Marico

Market Cap: ₹1.1t

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

Busy Ming Group

Market Cap: HK$89.7b

Through its subsidiaries, operates as a food and beverage retailer in China.

Chongqing Rural Commercial Bank

Market Cap: HK$89.4b

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

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

SD Guthrie Berhad

Market Cap: RM 46.0b

Operates as an integrated plantations company in Malaysia and internationally.

Safaricom

Market Cap: KSh1.5t

Provides telecommunication services in Kenya and Ethiopia.

ROHM

Market Cap: JP¥1.8t

Manufactures and sells electronic components worldwide.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥76.0b

Engages in the clean energy business in China.

China Zheshang Bank

Market Cap: HK$87.9b

Provides corporate and retail banking services in Mainland China.