Lithuanian Consumer Durables Defensive Blue Chips

MTN Group

Market Cap: R401.4b

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

Mediobanca Banca di Credito Finanziario

Market Cap: €21.4b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

First Solar

Market Cap: US$24.5b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Principal Financial Group

Market Cap: US$24.4b

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

CLP Holdings

Market Cap: HK$191.0b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Suzhou Centec Communications

Market Cap: CN¥164.6b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Loews

Market Cap: US$24.1b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

First Citizens BancShares

Market Cap: US$24.0b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥162.8b

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

Snam

Market Cap: €21.0b

Engages in the operation of natural gas transport and storage infrastructure.

Barito Renewables Energy

Market Cap: Rp434.8t

Generates and sells power through geothermal and wind resources in Indonesia.

Tower Semiconductor

Market Cap: US$23.9b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Winbond Electronics

Market Cap: NT$758.3b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Dollar Tree

Market Cap: US$23.6b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Quest Diagnostics

Market Cap: US$23.5b

Provides diagnostic testing and services in the United States.

Brown & Brown

Market Cap: US$23.5b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Public Bank Berhad

Market Cap: RM 95.7b

Provides banking products and services.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥159.5b

Inner Mongolia Yili Industrial Group Co., Ltd.

Terna

Market Cap: €20.5b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Labcorp Holdings

Market Cap: US$23.3b

Provides laboratory services.

MACOM Technology Solutions Holdings

Market Cap: US$23.3b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Lasertec

Market Cap: JP¥3.8t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp420.1t

Provides various banking products and services in Indonesia and internationally.

Technoprobe

Market Cap: €20.1b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

US Foods Holding

Market Cap: US$22.9b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

NN Group

Market Cap: €20.0b

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

Telefónica

Market Cap: €19.9b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

VERBUND

Market Cap: €19.8b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Constellation Brands

Market Cap: US$22.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Sigma Healthcare

Market Cap: AU$32.2b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Coca-Cola FEMSA. de

Market Cap: US$22.3b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Hana Financial Group

Market Cap: ₩33.0t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Banco do Brasil

Market Cap: R$112.9b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

BE Semiconductor Industries

Market Cap: €19.1b

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

Riyad Bank

Market Cap: ر.س81.6b

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