Kenyan Transportation Defensive Blue Chips

Anhui Conch Cement

Market Cap: HK$130.7b

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

Banco BPM

Market Cap: €14.8b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

SDIC Power Holdings

Market Cap: CN¥121.4b

Engages in the electricity generation business in China.

Citizens Financial Group

Market Cap: US$16.8b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Federal Home Loan Mortgage

Market Cap: US$16.8b

Operates in the secondary mortgage market in the United States.

NN Group

Market Cap: €14.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Resona Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides retail and commercial banking products and services in Japan and internationally.

Saudi Electricity

Market Cap: ر.س62.4b

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

JBS

Market Cap: R$94.1b

Engages in the processing of animal protein worldwide.

Pro Medicus

Market Cap: AU$25.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Cooper Companies

Market Cap: US$16.3b

Develops, manufactures, and markets contact lens wearers.

Grupo Financiero Inbursa. de

Market Cap: Mex$319.8b

Provides various financial products and services to individuals and businesses in Mexico.

Brown-Forman

Market Cap: US$16.2b

Manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥117.3b

Advanced Micro-Fabrication Equipment Inc.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp265.5t

Provides information and communications technology, and telecommunications network services worldwide.

Fresenius Medical Care

Market Cap: €14.2b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Telefônica Brasil

Market Cap: R$91.7b

Operates as a mobile telecommunications company in Brazil.

Hormel Foods

Market Cap: US$16.1b

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

ON Semiconductor

Market Cap: US$16.1b

Provides intelligent sensing and power solutions in the United States and internationally.

AIB Group

Market Cap: €14.1b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Bank of Nanjing

Market Cap: CN¥115.3b

Provides various financial products and services in China.

Credicorp

Market Cap: US$15.9b

Provides various financial, insurance, and health services and products primarily in Peru and internationally.

Hua Xia Bank

Market Cap: CN¥114.6b

Provides commercial banking services in China and Hong Kong.

US Foods Holding

Market Cap: US$15.8b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

BJ's Wholesale Club Holdings

Market Cap: US$15.7b

Operates membership warehouse clubs on the eastern half of the United States.

Wens Foodstuff Group

Market Cap: CN¥113.6b

Operates as a livestock and poultry farming company in China.

bioMérieux

Market Cap: €13.8b

Develops and markets in vitro diagnostic solutions for the diagnosis of infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

BDO Unibank

Market Cap: ₱871.1b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

LONGi Green Energy Technology

Market Cap: CN¥113.6b

Manufactures and sells photovoltaic products and solutions worldwide.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures and markets cement and cement related products to individual homebuilders, masons and contractors, and architects and engineers in India.

JD Health International

Market Cap: HK$120.1b

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

Olympus

Market Cap: JP¥2.2t

Manufactures and sells precision machineries and instruments worldwide.

Banco de Sabadell

Market Cap: €13.6b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Jerónimo Martins SGPS

Market Cap: €13.4b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥110.1b

Shanghai United Imaging Healthcare Co., Ltd.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.