Luxembourg Consumer Retailing Defensive Blue Chips

Intact Financial

Market Cap: CA$50.2b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Renesas Electronics

Market Cap: JP¥5.8t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Arch Capital Group

Market Cap: US$35.5b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Montage Technology

Market Cap: CN¥239.6b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Koninklijke Ahold Delhaize

Market Cap: €30.5b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Hua Hong Grace Semiconductor

Market Cap: HK$275.5b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Hannover Rück

Market Cap: €30.4b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Disco

Market Cap: JP¥5.6t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

CEZ a. s

Market Cap: Kč724.7b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Bank Leumi le-Israel B.M

Market Cap: ₪105.1b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Martin Marietta Materials

Market Cap: US$34.2b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Federal National Mortgage Association

Market Cap: US$34.2b

Provides financing solutions for residential mortgages in the United States.

Talanx

Market Cap: €29.6b

Provides insurance and reinsurance products and services worldwide.

Huntington Bancshares

Market Cap: US$34.0b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Alcon

Market Cap: CHF 27.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Veeva Systems

Market Cap: US$33.8b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Heidelberg Materials

Market Cap: €29.2b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

BPER Banca

Market Cap: €29.1b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Ping An Bank

Market Cap: CN¥225.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Shinhan Financial Group

Market Cap: ₩47.8t

Provides financial products and services in South Korea, Vietnam, and Japan.

Muyuan Foods Group

Market Cap: CN¥224.3b

Operates as a pork company in the hog farming industry in China.

Credo Technology Group Holding

Market Cap: US$33.1b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Swiss Life Holding

Market Cap: CHF 26.6b

Provides life, pensions, and financial solutions for private and corporate clients.

Foshan Haitian Flavouring and Food

Market Cap: CN¥223.0b

Foshan Haitian Flavouring and Food Company Ltd.

Samsung Life Insurance

Market Cap: ₩47.4t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Kraft Heinz

Market Cap: US$32.8b

Manufactures and markets food and beverage products in North America and internationally.

Capitec Bank Holdings

Market Cap: R539.8b

Through its subsidiaries, provides various banking products and services in South Africa.

SJ Semiconductor

Market Cap: CN¥219.8b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Malayan Banking Berhad

Market Cap: RM 131.6b

Provides commercial banking and related financial products and services.

Standard Bank Group

Market Cap: R530.7b

Provides financial products and services in South Africa and internationally.

Bank of Ningbo

Market Cap: CN¥217.3b

Provides various personal and business banking products and services in the People's Republic of China.

Casey's General Stores

Market Cap: US$32.1b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Bank of Jiangsu

Market Cap: CN¥216.9b

Provides various banking products and services in China.

Grupo Financiero Banorte. de

Market Cap: Mex$556.1b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.