Latvian Consumer Services Defensive Blue Chips

Molina Healthcare

Market Cap: US$10.4b

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.

Skyworks Solutions

Market Cap: US$10.4b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Konfoong Materials International

Market Cap: CN¥69.8b

Konfoong Materials International Co., Ltd.

Zions Bancorporation National Association

Market Cap: US$10.3b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Kikkoman

Market Cap: JP¥1.6t

Through its subsidiaries, engages in the manufacture and sale of food products in Japan and internationally.

Taiwan Mobile

Market Cap: NT$331.9b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Cullen/Frost Bankers

Market Cap: US$10.3b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Vienna Insurance Group

Market Cap: €8.9b

Engages in providing insurance products and services in Austria and internationally.

Busy Ming Group

Market Cap: HK$80.1b

Through its subsidiaries, operates as a food and beverage retailer in China.

Indus Towers

Market Cap: ₹974.1b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Universal Health Services

Market Cap: US$10.2b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Old Republic International

Market Cap: US$10.2b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Novatek Microelectronics

Market Cap: NT$327.4b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

J Sainsbury

Market Cap: UK£7.5b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Banca Transilvania

Market Cap: RON 46.1b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Old National Bancorp

Market Cap: US$10.1b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

YTL Power International Berhad

Market Cap: RM 41.4b

An investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally.

Medibank Private

Market Cap: AU$14.3b

Provides private health insurance in Australia.

bioMérieux

Market Cap: €8.7b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Alchip Technologies

Market Cap: NT$322.5b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.