Latvian Automobiles Defensive Blue Chips

Kansai Electric Power Company

Market Cap: JP¥2.5t

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

Sonova Holding

Market Cap: CHF 13.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Rede D'Or São Luiz

Market Cap: R$87.8b

Operates a network of hospitals in Brazil.

MTN Group

Market Cap: R279.4b

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

Celsius Holdings

Market Cap: US$16.2b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Bank of Beijing

Market Cap: CN¥115.4b

Provides various banking services to personal and corporate customers in China.

Coca-Cola HBC

Market Cap: UK£12.2b

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.

Attijariwafa bank

Market Cap: د.م147.1b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$293.3b

Provides various financial products and services to individuals and businesses in Mexico.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Fresenius Medical Care

Market Cap: €13.7b

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

Bank of Ireland Group

Market Cap: €13.7b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Uniper

Market Cap: €13.6b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Mediobanca Banca di Credito Finanziario

Market Cap: €13.6b

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

Performance Food Group

Market Cap: US$15.7b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$84.3b

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

Unipol Assicurazioni

Market Cap: €13.5b

Provides insurance products and services primarily in Italy.

Tryg

Market Cap: DKK 101.1b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Banco de Chile

Market Cap: CL$14.9t

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

bioMérieux

Market Cap: €13.5b

Develops and markets in vitro diagnostic solutions for infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bank of Hangzhou

Market Cap: CN¥110.6b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق56.2b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Fidelity National Financial

Market Cap: US$15.4b

Provides various insurance products in the United States.

Bank of Baroda

Market Cap: ₹1.4t

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

Ryan Specialty Holdings

Market Cap: US$15.4b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Smith & Nephew

Market Cap: UK£11.5b

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

TS Financial Holding

Market Cap: NT$467.5b

Provides various financial products and services.

Vodacom Group

Market Cap: R262.9b

Provides communications products and services.

Hologic

Market Cap: US$15.2b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥108.3b

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

Eurobank Ergasias Services and Holdings

Market Cap: €13.1b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

SDIC Power Holdings

Market Cap: CN¥107.7b

Engages in the electricity generation business in China.

Everest Group

Market Cap: US$15.1b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Jerónimo Martins SGPS

Market Cap: €13.0b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.