Japanese Transportation Defensive Blue Chips

Woori Financial Group

Market Cap: ₩24.3t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Federal Home Loan Mortgage

Market Cap: US$16.9b

Operates in the secondary mortgage market in the United States.

Kansai Electric Power Company

Market Cap: JP¥2.7t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Sonova Holding

Market Cap: CHF 13.6b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Hwatsing Technology

Market Cap: CN¥112.3b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

ASR Nederland

Market Cap: €14.4b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Mora Telematika Indonesia

Market Cap: Rp296.2t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Hua Xia Bank

Market Cap: CN¥111.7b

Provides commercial banking services in China and Hong Kong.

Great Eastern Holdings

Market Cap: S$21.1b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Bankinter

Market Cap: €14.3b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Powszechny Zaklad Ubezpieczen

Market Cap: zł61.6b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Banco Santander-Chile

Market Cap: CL$15.2t

Provides commercial and retail banking products and services in Chile.

Bank of Beijing

Market Cap: CN¥110.6b

Provides various banking services to individuals and corporates in China.

Pinnacle Financial Partners

Market Cap: US$16.2b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

OmniVision Integrated Circuits Group

Market Cap: CN¥109.1b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

ageas

Market Cap: €14.0b

Engages in insurance business.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Airtel Africa

Market Cap: UK£11.9b

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

James Hardie Industries

Market Cap: AU$22.8b

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

JD Health International

Market Cap: HK$125.0b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

KGI Financial Holding

Market Cap: NT$516.0b

Operates as a financial company in Taiwan and internationally.

Banco de Crédito e Inversiones

Market Cap: CL$14.7t

Provides various banking products and services in Chile, the United States, and Peru.

Power Assets Holdings

Market Cap: HK$124.0b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Skyverse Technology

Market Cap: CN¥106.7b

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

BAWAG Group

Market Cap: €13.7b

Operates as a holding company for BAWAG P.S.K.

BB Seguridade Participações

Market Cap: R$80.3b

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

Elia Group

Market Cap: €13.7b

Develops and operates as a transmission system operator in Belgium and Germany.

SCREEN Holdings

Market Cap: JP¥2.5t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

First Financial Holding

Market Cap: NT$507.6b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Mapfre

Market Cap: €13.6b

Engages in insurance, reinsurance, and financial activities in Spain.

Admiral Group

Market Cap: UK£11.6b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Xi'an ESWIN Material Technology

Market Cap: CN¥105.2b

Xi'an ESWIN Material Technology Co., Ltd.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

mBank

Market Cap: zł58.3b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Huaneng Power International

Market Cap: HK$121.8b

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.