Maltese Consumer Retailing Defensive Blue Chips

Tele2

Market Cap: SEK 108.3b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

BB Seguridade Participações

Market Cap: R$61.9b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Raiffeisen Bank International

Market Cap: €9.9b

Offers banking services to corporate, private, and institutional customers.

Waaree Energies

Market Cap: ₹1.0t

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.7b

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

ICICI Lombard General Insurance

Market Cap: ₹998.6b

Provides various general insurance products and services in India.

Skyworks Solutions

Market Cap: US$11.3b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Tsingtao Brewery

Market Cap: CN¥80.1b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Manila Electric

Market Cap: ₱654.8b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Airtel Africa

Market Cap: UK£8.4b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

T&D Holdings

Market Cap: JP¥1.7t

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

China Resources Beer (Holdings)

Market Cap: HK$87.1b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

China Zheshang Bank

Market Cap: HK$86.9b

Provides various commercial banking products and services in Mainland China.

Baloise Holding

Market Cap: CHF 8.9b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

SinoPac Financial Holdings

Market Cap: NT$342.6b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م102.9b

Provides various telecommunication solutions in Morocco and internationally.

Rockchip Electronics

Market Cap: CN¥79.2b

Operates as a fabless IC design company in China.

mBank

Market Cap: zł40.3b

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

HKT Trust and HKT

Market Cap: HK$85.7b

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.

ING Bank Slaski

Market Cap: zł40.1b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Carrefour

Market Cap: €9.5b

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

Krung Thai Bank

Market Cap: ฿359.9b

Engages in commercial banking business in Thailand and internationally.

United Spirits

Market Cap: ₹965.5b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Globe Life

Market Cap: US$11.0b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Sanlam

Market Cap: R190.7b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Far EasTone Telecommunications

Market Cap: NT$336.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Bank of Chengdu

Market Cap: CN¥78.0b

Provides various commercial banking products and services in China.

Taiwan Mobile

Market Cap: NT$335.7b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Banco de Crédito e Inversiones

Market Cap: CL$10.4t

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

American Financial Group

Market Cap: US$10.9b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Chongqing Rural Commercial Bank

Market Cap: HK$84.4b

Provides banking services in the People’s Republic of China.

Industrial Bank of Korea

Market Cap: ₩15.5t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Osaka Gas

Market Cap: JP¥1.6t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Albertsons Companies

Market Cap: US$10.8b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Indus Towers

Market Cap: ₹950.2b

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.

Sprouts Farmers Market

Market Cap: US$10.8b

Engages in the retailing of fresh, natural, and organic food products in the United States.