Japanese Pharmaceuticals & Biotech Defensive Blue Chips

Baloise Holding

Market Cap: CHF 9.1b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

James Hardie Industries

Market Cap: AU$17.3b

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

Orkla

Market Cap: NOK 112.8b

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.

Enel Américas

Market Cap: CL$10.8t

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

Industrial Bank of Korea

Market Cap: ₩15.7t

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥80.4b

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

IDBI Bank

Market Cap: ₹998.4b

Provides banking and financial solutions to retail and corporate customers in India.

Globe Life

Market Cap: US$11.3b

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

Telecom Italia

Market Cap: €9.6b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

RenaissanceRe Holdings

Market Cap: US$11.2b

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

Tsingtao Brewery

Market Cap: HK$87.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Skyworks Solutions

Market Cap: US$11.1b

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

Raiffeisen Bank International

Market Cap: €9.5b

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

Airtel Africa

Market Cap: UK£8.2b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Bank of Chengdu

Market Cap: CN¥78.9b

Provides various commercial banking products and services in China.

Adani Energy Solutions

Market Cap: ₹977.5b

Generates, transmits, and distributes power in India.

Mowi

Market Cap: NOK 109.6b

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

ING Bank Slaski

Market Cap: zł39.9b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Oklo

Market Cap: US$10.9b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫285.4t

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

Banque Saudi Fransi

Market Cap: ر.س40.6b

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

M3

Market Cap: JP¥1.6t

Provides medical-related services primarily to physicians and other healthcare professionals through the Internet.

SinoPac Financial Holdings

Market Cap: NT$328.2b

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

Chubu Electric Power Company

Market Cap: JP¥1.6t

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

Hims & Hers Health

Market Cap: US$10.8b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Acciona

Market Cap: €9.2b

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

Marico

Market Cap: ₹952.9b

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

BKW

Market Cap: CHF 8.6b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Coca-Cola Consolidated

Market Cap: US$10.7b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Penumbra

Market Cap: US$10.6b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Taiwan Mobile

Market Cap: NT$322.1b

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

Indian Bank

Market Cap: ₹937.3b

Provides various banking products and services.

United Spirits

Market Cap: ₹936.6b

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

Assurant

Market Cap: US$10.6b

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

Manila Electric

Market Cap: ₱603.0b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.