Latvian Consumer Services Defensive Blue Chips

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.

Etihad Etisalat

Market Cap: ر.س48.9b

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

KT&G

Market Cap: ₩18.4t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.2t

Provides healthcare services in India.

WH Group

Market Cap: HK$101.7b

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

Chubu Electric Power Company

Market Cap: JP¥2.1t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

CP ALL

Market Cap: ฿427.8b

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

Brown-Forman

Market Cap: US$12.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Banque Cantonale Vaudoise

Market Cap: CHF 10.5b

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

National Silicon Industry Group

Market Cap: CN¥86.8b

National Silicon Industry Group Co., Ltd.

Penumbra

Market Cap: US$12.9b

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

Carrefour

Market Cap: €11.1b

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

Webster Financial

Market Cap: US$12.8b

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.

Fidelity National Financial

Market Cap: US$12.8b

Provides various insurance products in the United States.

Dangote Cement

Market Cap: ₦17.3t

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

Kokusai Electric

Market Cap: JP¥2.0t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Almarai

Market Cap: ر.س47.6b

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

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥85.3b

Henan Shuanghui Investment & Development Co.,Ltd.

Nova

Market Cap: US$12.6b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

J. M. Smucker

Market Cap: US$12.5b

Manufactures and markets branded food and beverage products worldwide.

Fresenius Medical Care

Market Cap: €10.9b

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

Tokyo GasLtd

Market Cap: JP¥2.0t

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

Nexchip Semiconductor

Market Cap: CN¥84.4b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Jerónimo Martins SGPS

Market Cap: €10.8b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

HKT Trust and HKT

Market Cap: HK$97.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Smith & Nephew

Market Cap: UK£9.2b

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

MTN Nigeria Communications

Market Cap: ₦16.9t

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

Encompass Health

Market Cap: US$12.4b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥83.3b

Engages in the generation and sale of electricity in China.

Align Technology

Market Cap: US$12.3b

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

Realtek Semiconductor

Market Cap: NT$394.9b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

HDFC Life Insurance

Market Cap: ₹1.2t

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

Semtech

Market Cap: US$12.2b

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