Luxembourg Consumer Durables Defensive Blue Chips

WH Group

Market Cap: HK$104.2b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Carrefour

Market Cap: €11.6b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 10.7b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥89.6b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Shanghai United Imaging Healthcare

Market Cap: CN¥89.4b

Shanghai United Imaging Healthcare Co., Ltd.

Semtech

Market Cap: US$13.2b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Anhui Conch Cement

Market Cap: CN¥89.2b

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

Smith & Nephew

Market Cap: UK£9.7b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Israel Discount Bank

Market Cap: ₪39.1b

Provides various banking and financial services in Israel, Europe, and North America.

Caixa Seguridade Participações

Market Cap: R$66.5b

Provides insurance products in Brazil and internationally.

Piraeus Bank

Market Cap: €11.4b

Provides various banking products and services in Greece, Europe, and internationally.

Rockchip Electronics

Market Cap: CN¥87.9b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Fresenius Medical Care

Market Cap: €11.2b

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

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

iA Financial

Market Cap: CA$18.0b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Align Technology

Market Cap: US$12.8b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Banque Saudi Fransi

Market Cap: ر.س48.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Dangote Cement

Market Cap: ₦17.5t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Puya Semiconductor (Shanghai)

Market Cap: CN¥85.6b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Origin Energy

Market Cap: AU$18.1b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Molina Healthcare

Market Cap: US$12.6b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

ROHM

Market Cap: JP¥2.0t

Manufactures and sells electronic components worldwide.

Erie Indemnity

Market Cap: US$12.5b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

MTN Nigeria Communications

Market Cap: ₦17.2t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Penumbra

Market Cap: US$12.4b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Etihad Etisalat

Market Cap: ر.س46.7b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Almarai

Market Cap: ر.س46.5b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Taiwan Cooperative Financial Holding

Market Cap: NT$397.5b

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

Webster Financial

Market Cap: US$12.3b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥83.5b

Henan Shuanghui Investment & Development Co.,Ltd.

CP ALL

Market Cap: ฿412.2b

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