Lithuanian Commercial Services Defensive Blue Chips

Tenaga Nasional Berhad

Market Cap: RM 77.8b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫491.3t

Provides banking products and services in Vietnam.

NN Group

Market Cap: €16.1b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ67.9b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Centene

Market Cap: US$18.5b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Bunge Global

Market Cap: US$18.3b

Operates as an agribusiness and food company worldwide.

United Microelectronics

Market Cap: NT$567.5b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Banco de Chile

Market Cap: CL$17.2t

Operates as a commercial bank that provides banking services in Chile.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Principal Financial Group

Market Cap: US$18.2b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Tenet Healthcare

Market Cap: US$18.0b

Operates as a diversified healthcare services company in the United States.

MTN Group

Market Cap: R308.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Mizrahi Tefahot Bank

Market Cap: ₪58.0b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Hana Financial Group

Market Cap: ₩25.7t

Through its subsidiaries, provides financial services in South Korea.

JDE Peet's

Market Cap: €15.3b

Operates as a coffee and tea company worldwide.

Talen Energy

Market Cap: US$17.7b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Pro Medicus

Market Cap: AU$26.9b

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.

Banco de Crédito del Perú

Market Cap: S/59.4b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$93.7b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Zimmer Biomet Holdings

Market Cap: US$17.5b

Operates as a medical technology company worldwide.

IHH Healthcare Berhad

Market Cap: RM 72.6b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

McCormick

Market Cap: US$17.5b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Saudi Awwal Bank

Market Cap: ر.س65.2b

Provides banking and financial services in the Kingdom of Saudi Arabia.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥123.2b

China Three Gorges Renewables (Group) Co.,Ltd.

CK Infrastructure Holdings

Market Cap: HK$134.3b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Koninklijke KPN

Market Cap: €14.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

Kansai Electric Power Company

Market Cap: JP¥2.7t

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

Coca-Cola HBC

Market Cap: UK£13.0b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Anhui Conch Cement

Market Cap: CN¥122.1b

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

Wens Foodstuff Group

Market Cap: CN¥121.8b

Operates as an agricultural and animal husbandry company in China.

Bank of Beijing

Market Cap: CN¥121.1b

Provides various banking services to individuals and corporates in China.

Arca Continental. de

Market Cap: Mex$313.0b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Alinma Bank

Market Cap: ر.س63.1b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Lasertec

Market Cap: JP¥2.6t

Engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.