Italian Consumer Durables Defensive Blue Chips

Huaneng Power International

Market Cap: HK$110.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Banque Saudi Fransi

Market Cap: ر.س52.8b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

BB Seguridade Participações

Market Cap: R$72.2b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Assurant

Market Cap: US$14.0b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Punjab National Bank

Market Cap: ₹1.3t

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

Unum Group

Market Cap: US$13.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Erie Indemnity

Market Cap: US$13.8b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Tongfu MicroelectronicsLtd

Market Cap: CN¥92.9b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Uni-President Enterprises

Market Cap: NT$439.8b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق50.2b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Israel Discount Bank

Market Cap: ₪41.4b

Provides various banking and financial services in Israel, Europe, and North America.

Chubu Electric Power Company

Market Cap: JP¥2.2t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

LONGi Green Energy Technology

Market Cap: CN¥91.8b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Suncorp Group

Market Cap: AU$19.0b

Provides insurance products and services to retail, corporate, and commercial customers in Australia and New Zealand.

Baxter International

Market Cap: US$13.6b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Metro

Market Cap: CA$18.7b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Wens Foodstuff Group

Market Cap: CN¥90.9b

Engages in the agricultural and animal husbandry businesses in China and internationally.

Shenzhen Techwinsemi Technology

Market Cap: CN¥90.8b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 10.8b

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

RenaissanceRe Holdings

Market Cap: US$13.4b

Provides reinsurance and insurance products in the United States and internationally.

Aegon

Market Cap: €11.5b

Provides insurance services in the Americas, the Netherlands, the United Kingdom, and internationally.

Etihad Etisalat

Market Cap: ر.س50.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

WH Group

Market Cap: HK$105.1b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Britannia Industries

Market Cap: ₹1.3t

Engages in manufacturing, trading, and sale of various food products in India and internationally.

J. M. Smucker

Market Cap: US$13.3b

Manufactures and markets branded food and beverage products worldwide.

CNA Financial

Market Cap: US$13.3b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Carrefour

Market Cap: €11.4b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Anhui Conch Cement

Market Cap: CN¥89.0b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥88.7b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Brown-Forman

Market Cap: US$13.2b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Globe Life

Market Cap: US$13.1b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Hormel Foods

Market Cap: US$13.1b

Develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.

Kinsus Interconnect Technology

Market Cap: NT$418.4b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥87.9b

Henan Shuanghui Investment & Development Co.,Ltd.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.