Mexican Retail Defensive Blue Chips

Magnum Ice Cream

Market Cap: €9.8b

Engages in the ice cream business in the Netherlands.

Bank of Chengdu

Market Cap: CN¥75.8b

Provides various banking products and services in China.

Popular

Market Cap: US$11.2b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Dairibord Holdings

Market Cap: US$1.4b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

BUA Foods

Market Cap: ₦15.2t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Saputo

Market Cap: CA$15.7b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥75.3b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Beijing YanDong MicroElectronic

Market Cap: CN¥75.2b

Beijing YanDong MicroElectronic Co., Ltd.

China Zheshang Bank

Market Cap: HK$87.2b

Provides corporate and retail banking services in Mainland China.

Hong Leong Bank Berhad

Market Cap: RM 45.5b

Operates as a financial services company in Malaysia and internationally.

Bangkok Bank

Market Cap: ฿367.5b

Provides various commercial banking products and services in Thailand and internationally.

Globus Medical

Market Cap: US$11.1b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥74.4b

Beijing E-Town Semiconductor Technology Co., Ltd.

Wintrust Financial

Market Cap: US$11.0b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Encompass Health

Market Cap: US$11.0b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Budweiser Brewing Company APAC

Market Cap: HK$85.9b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Rambus

Market Cap: US$10.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Mowi

Market Cap: NOK 103.8b

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

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥73.0b

Engages in the clean energy business in China.

BDO Unibank

Market Cap: ₱656.2b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Discovery

Market Cap: R176.9b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Maplebear

Market Cap: US$10.7b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Indus Towers

Market Cap: ₹1.0t

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.

Orkla

Market Cap: NOK 101.8b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Interconexión Eléctrica E.S.P

Market Cap: Col$33.9t

Engages in the electric power, roads, and ICT and telecommunications business activities.

SouthState Bank

Market Cap: US$10.6b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Lotus Bakeries

Market Cap: €9.2b

Provides various snack products in Belgium and internationally.

Busy Ming Group

Market Cap: HK$83.0b

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

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫276.6t

Provides various banking products and services in Vietnam and internationally.

Zions Bancorporation National Association

Market Cap: US$10.5b

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.

Chongqing Rural Commercial Bank

Market Cap: HK$82.1b

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

Vienna Insurance Group

Market Cap: €9.1b

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