Dutch Consumer Durables Defensive Blue Chips

National Bank of Greece

Market Cap: €15.0b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Kasikornbank

Market Cap: ฿573.7b

Provides commercial banking products and services in Thailand and internationally.

Woori Financial Group

Market Cap: ₩24.6t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.7t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Airtel Africa

Market Cap: UK£12.4b

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

Bankinter

Market Cap: €14.5b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

FinecoBank Banca Fineco

Market Cap: €14.5b

Provides banking, credit, trading and investment services in Italy.

ASR Nederland

Market Cap: €14.4b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Hua Xia Bank

Market Cap: CN¥110.9b

Provides commercial banking services in China and Hong Kong.

Mora Telematika Indonesia

Market Cap: Rp298.6t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Powszechny Zaklad Ubezpieczen

Market Cap: zł61.4b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

First Financial Holding

Market Cap: NT$528.4b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Bank of Beijing

Market Cap: CN¥110.4b

Provides various banking services to individuals and corporates in China.

Banco Santander-Chile

Market Cap: CL$15.1t

Provides commercial and retail banking products and services in Chile.

OmniVision Integrated Circuits Group

Market Cap: CN¥110.0b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

KGI Financial Holding

Market Cap: NT$523.7b

Operates as a financial company in Taiwan and internationally.

Great Eastern Holdings

Market Cap: S$20.6b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Power Assets Holdings

Market Cap: HK$125.8b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Sonova Holding

Market Cap: CHF 13.0b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

JD Health International

Market Cap: HK$125.7b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Lattice Semiconductor

Market Cap: US$16.0b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

MPI

Market Cap: NT$517.3b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Elia Group

Market Cap: €13.7b

Develops and operates as a transmission system operator in Belgium and Germany.

ageas

Market Cap: €13.7b

Engages in insurance business.

BIWIN Storage Technology

Market Cap: CN¥106.6b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Global Unichip

Market Cap: NT$509.9b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Pinnacle Financial Partners

Market Cap: US$15.8b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

BB Seguridade Participações

Market Cap: R$79.3b

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

Jentech Precision Industrial

Market Cap: NT$505.5b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Reinsurance Group of America

Market Cap: US$15.5b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Mapfre

Market Cap: €13.5b

Engages in insurance, reinsurance, and financial activities in Spain.

Admiral Group

Market Cap: UK£11.5b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

BAWAG Group

Market Cap: €13.5b

Operates as a holding company for BAWAG P.S.K.