Moroccan Consumer Services Defensive Blue Chips

Banco de Crédito e Inversiones

Market Cap: CL$14.4t

Provides various banking products and services in Chile, the United States, and Peru.

ING Bank Slaski

Market Cap: zł57.6b

Provides various banking products and services for retail clients and businesses in Poland.

Grupo Financiero Inbursa. de

Market Cap: Mex$267.1b

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

SCB X

Market Cap: ฿515.2b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

mBank

Market Cap: zł57.5b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

DaVita

Market Cap: US$15.3b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Huaneng Power International

Market Cap: HK$120.0b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Asahi Group Holdings

Market Cap: JP¥2.4t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Enpara Bank

Market Cap: ₺723.6b

Provides banking services and products in Turkey.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

BrightSpring Health Services

Market Cap: US$15.2b

Operates as a home and community-based healthcare services platform in the United States.

James Hardie Industries

Market Cap: AU$21.6b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Public Power

Market Cap: €13.1b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Kerry Group

Market Cap: €13.1b

Provides taste and nutrition solutions.

Xi'an ESWIN Material Technology

Market Cap: CN¥102.0b

Xi'an ESWIN Material Technology Co., Ltd.

Grupo Bimbo. de

Market Cap: Mex$260.8b

Produces, distributes, and markets bakery products.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥101.5b

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

Rede D'Or São Luiz

Market Cap: R$76.2b

Engages in the provision of hospital services in Brazil.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ55.1b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Coloplast

Market Cap: DKK 96.7b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

SCREEN Holdings

Market Cap: JP¥2.4t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Gjensidige Forsikring

Market Cap: NOK 141.1b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Attijariwafa bank

Market Cap: د.م138.1b

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

Kirin Holdings Company

Market Cap: JP¥2.4t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

LONGi Green Energy Technology

Market Cap: CN¥98.2b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Everest Group

Market Cap: US$14.5b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

CNA Financial

Market Cap: US$14.4b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥97.2b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.5b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Suncorp Group

Market Cap: AU$20.3b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp260.0t

Provides information and communications technology, and telecommunications network services worldwide.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Phoenix Financial

Market Cap: ₪43.5b

Operates as a financial services company in Israel.

Tryg

Market Cap: DKK 92.2b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.2b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Piraeus Bank

Market Cap: €12.3b

Provides various banking products and services in Greece, Europe, and internationally.