Filipino Consumer Durables Defensive Blue Chips

Japan Post Insurance

Market Cap: JP¥1.8t

Engages in the provision of life insurance products and services in Japan.

Align Technology

Market Cap: US$11.3b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Globus Medical

Market Cap: US$11.3b

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

China Zheshang Bank

Market Cap: HK$88.4b

Provides corporate and retail banking services in Mainland China.

Semtech

Market Cap: US$11.3b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

DaVita

Market Cap: US$11.3b

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

SD Guthrie Berhad

Market Cap: RM 45.3b

Operates as an integrated plantations company in Malaysia and internationally.

SG Micro

Market Cap: CN¥75.2b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Bangkok Bank

Market Cap: ฿366.5b

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

KINGSEMI

Market Cap: CN¥75.1b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Caixa Seguridade Participações

Market Cap: R$57.4b

Provides insurance products in Brazil and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$87.4b

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

Seed Co

Market Cap: US$1.4b

Engages in the breeding, multiplication, and distribution of hybrid seeds in Africa.

Marks and Spencer Group

Market Cap: UK£8.1b

Operates various retail stores.

Beijing YanDong MicroElectronic

Market Cap: CN¥74.1b

Beijing YanDong MicroElectronic Co., Ltd.

Taiwan Mobile

Market Cap: NT$350.0b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Guangdong Haid Group

Market Cap: CN¥73.9b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Dairibord Holdings

Market Cap: US$1.4b

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

Glaukos

Market Cap: US$10.9b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

Rockchip Electronics

Market Cap: CN¥73.5b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

UMB Financial

Market Cap: US$10.9b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫287.0t

Provides various banking products and services in Vietnam and internationally.

Tata Consumer Products

Market Cap: ₹1.0t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Unicaja Banco

Market Cap: €9.2b

Engages in the retail banking business in Spain.

Popular

Market Cap: US$10.7b

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.

IDBI Bank

Market Cap: ₹1.0t

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

Budweiser Brewing Company APAC

Market Cap: HK$83.7b

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

Kikkoman

Market Cap: JP¥1.7t

Through its subsidiaries, engages in the manufacture and sale of food products in Japan and internationally.

Novatek Microelectronics

Market Cap: NT$338.9b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Vienna Insurance Group

Market Cap: €9.1b

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

Globalstar

Market Cap: US$10.6b

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

Interconexión Eléctrica E.S.P

Market Cap: Col$32.7t

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

Beazley

Market Cap: UK£7.7b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

United Nova TechnologyLtd

Market Cap: CN¥70.8b

Manufactures and markets power discrete and modules in China and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥70.7b

Beijing E-Town Semiconductor Technology Co., Ltd.