Mexican Commercial Services Defensive Blue Chips

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫294.5t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Enel Américas

Market Cap: CL$10.8t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Telecom Italia

Market Cap: €9.5b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Kioxia Holdings

Market Cap: JP¥1.7t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

Anhui Gujing Distillery

Market Cap: CN¥79.2b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Skyworks Solutions

Market Cap: US$11.1b

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.

Union Bank of India

Market Cap: ₹972.1b

Provides banking products and services in India.

ING Bank Slaski

Market Cap: zł39.9b

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

Canara Bank

Market Cap: ₹971.8b

Provides various banking products and services in India and internationally.

Krung Thai Bank

Market Cap: ฿352.9b

Engages in commercial banking business in Thailand and internationally.

Tsingtao Brewery

Market Cap: HK$85.5b

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

Assurant

Market Cap: US$10.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Industrial Bank of Korea

Market Cap: ₩15.2t

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

Penumbra

Market Cap: US$10.9b

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

Airtel Africa

Market Cap: UK£8.1b

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

Raiffeisen Bank International

Market Cap: €9.3b

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

Chandra Daya Investasi

Market Cap: Rp178.5t

Operates as an infrastructure investment holding company.

Hims & Hers Health

Market Cap: US$10.9b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

IDBI Bank

Market Cap: ₹955.6b

Provides banking and financial solutions to retail and corporate customers in India.

Banca Monte dei Paschi di Siena

Market Cap: €9.2b

Provides retail and commercial banking services in Italy.

BKW

Market Cap: CHF 8.6b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Marico

Market Cap: ₹950.0b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Bank of Chengdu

Market Cap: CN¥76.7b

Provides various commercial banking products and services in China.

M3

Market Cap: JP¥1.6t

Provides medical-related services primarily to physicians and other healthcare professionals through the Internet.

Kinsale Capital Group

Market Cap: US$10.7b

Engages in the provision of property and casualty insurance products in the United States.

Acciona

Market Cap: €9.1b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Huadong Medicine

Market Cap: CN¥76.3b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Albertsons Companies

Market Cap: US$10.7b

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

Banque Saudi Fransi

Market Cap: ر.س40.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Manila Electric

Market Cap: ₱605.8b

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

Mowi

Market Cap: NOK 106.7b

A seafood company, produces and sells Atlantic salmon products worldwide.

Vietnam Technological and Commercial Bank

Market Cap: ₫279.1t

Provides personal and corporate banking products and services in Vietnam and internationally.

Bajaj Housing Finance

Market Cap: ₹935.0b

Provides housing finance services in India.

Redeia Corporación

Market Cap: €9.0b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

United Spirits

Market Cap: ₹931.7b

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

Chubu Electric Power Company

Market Cap: JP¥1.6t

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