Moroccan Consumer Durables Defensive Blue Chips

Public Bank Berhad

Market Cap: RM 100.2b

Provides banking products and services.

Principal Financial Group

Market Cap: US$24.5b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Aeon

Market Cap: JP¥4.0t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Dollar Tree

Market Cap: US$24.4b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Barito Renewables Energy

Market Cap: Rp441.5t

Generates and sells power through geothermal and wind resources in Indonesia.

KeyCorp

Market Cap: US$24.3b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

NN Group

Market Cap: €21.0b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Sigma Healthcare

Market Cap: AU$34.0b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Telefónica

Market Cap: €20.6b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

BNP Paribas Fortis

Market Cap: €20.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Mega Financial Holding

Market Cap: NT$763.9b

Provides various financial services in Taiwan.

VERBUND

Market Cap: €20.5b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Hana Financial Group

Market Cap: ₩33.6t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Snam

Market Cap: €20.4b

Engages in the operation of natural gas transport and storage infrastructure.

Grupo Cibest

Market Cap: Col$74.4t

Provides various banking products and services in Colombia and internationally.

Terna

Market Cap: €20.3b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Banco do Brasil

Market Cap: R$118.6b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥155.3b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

CMS Energy

Market Cap: US$23.0b

Operates as an energy company primarily in Michigan.

Heineken Holding

Market Cap: €20.1b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

China Minsheng Banking

Market Cap: CN¥155.1b

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

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Tower Semiconductor

Market Cap: US$22.9b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Coca-Cola FEMSA. de

Market Cap: US$22.8b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Bunge Global

Market Cap: US$22.8b

Operates as an agribusiness and food company worldwide.

Coles Group

Market Cap: AU$32.5b

Operates as a retailer in Australia.

Tenet Healthcare

Market Cap: US$22.6b

Operates as a diversified healthcare services company in the United States.

Constellation Brands

Market Cap: US$22.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

STERIS

Market Cap: US$22.4b

Provides infection prevention products and services in the United States, Ireland, and internationally.

China Tower

Market Cap: HK$175.7b

Provides telecommunication tower infrastructure services in the People's Republic of China.

US Foods Holding

Market Cap: US$22.3b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

AST SpaceMobile

Market Cap: US$21.9b

Designs and develops the constellation of BlueBird satellites in the United States.

Terumo

Market Cap: JP¥3.6t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

First Solar

Market Cap: US$21.8b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Unipol Assicurazioni

Market Cap: €18.9b

Provides insurance products and services primarily in Italy.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س81.2b

Provides private health and support services in the Kingdom of Saudi Arabia.