Lithuanian Commercial Services Defensive Blue Chips

CP ALL

Market Cap: ฿405.7b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Acciona

Market Cap: €10.8b

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

BE Semiconductor Industries

Market Cap: €10.8b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

RenaissanceRe Holdings

Market Cap: US$12.4b

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

BB Seguridade Participações

Market Cap: R$65.7b

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

Raiffeisen Bank International

Market Cap: €10.7b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥87.7b

Provides a range of banking products and services to individual and corporate customers in China.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.2b

Produces and supplies hydro, wind, and energy electricity in Romania.

CNA Financial

Market Cap: US$12.2b

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

Insurance Australia Group

Market Cap: AU$18.7b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Arab National Bank

Market Cap: ر.س45.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

mBank

Market Cap: zł44.7b

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

Cochlear

Market Cap: AU$18.6b

Provides implantable hearing solutions for children and adults worldwide.

Taiwan Cooperative Financial Holding

Market Cap: NT$375.6b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Hormel Foods

Market Cap: US$12.1b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.4b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

BJ's Wholesale Club Holdings

Market Cap: US$12.0b

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

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Alibaba Health Information Technology

Market Cap: HK$93.5b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

IDBI Bank

Market Cap: ₹1.1t

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

Aegon

Market Cap: €10.4b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Zegona Communications

Market Cap: UK£9.1b

Provides integrated telecommunications services in Spain.

American Financial Group

Market Cap: US$11.9b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Rambus

Market Cap: US$11.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Krung Thai Bank

Market Cap: ฿384.3b

Engages in commercial banking business in Thailand and internationally.

Banco de Crédito e Inversiones

Market Cap: CL$11.1t

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

Coca-Cola Consolidated

Market Cap: US$11.8b

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

ACM Research (Shanghai)

Market Cap: CN¥83.7b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Mowi

Market Cap: NOK 118.7b

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

ING Bank Slaski

Market Cap: zł42.9b

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

BDO Unibank

Market Cap: ₱689.1b

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

China Resources Beer (Holdings)

Market Cap: HK$90.8b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Vodafone Idea

Market Cap: ₹1.0t

Provides mobile telecommunication services in India.