Filipino Consumer Services Defensive Blue Chips

Tenet Healthcare

Market Cap: US$15.4b

Operates as a diversified healthcare services company in the United States.

Bankinter

Market Cap: €13.2b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ56.1b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

National Silicon Industry Group

Market Cap: CN¥102.6b

National Silicon Industry Group Co., Ltd.

Brookfield Wealth Solutions

Market Cap: US$15.2b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Bank of Baroda

Market Cap: ₹1.4t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Semtech

Market Cap: US$15.1b

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

BAWAG Group

Market Cap: €12.9b

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

JD Health International

Market Cap: HK$117.0b

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

ageas

Market Cap: €12.9b

Engages in insurance business.

Kasikornbank

Market Cap: ฿484.3b

Provides commercial banking products and services in Thailand and internationally.

LONGi Green Energy Technology

Market Cap: CN¥100.5b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Mapfre

Market Cap: €12.8b

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

Banco de Crédito e Inversiones

Market Cap: CL$13.1t

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

SCB X

Market Cap: ฿479.8b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Rede D'Or São Luiz

Market Cap: R$74.9b

Engages in the provision of hospital services in Brazil.

Hwatsing Technology

Market Cap: CN¥99.3b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

T&D Holdings

Market Cap: JP¥2.4t

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

Unum Group

Market Cap: US$14.7b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Telecom Italia

Market Cap: €12.6b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$251.4b

Provides various financial products and services to individuals and businesses in Mexico.

WH Group

Market Cap: HK$114.2b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

BB Seguridade Participações

Market Cap: R$74.1b

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

First Financial Holding

Market Cap: NT$457.3b

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

Sonova Holding

Market Cap: CHF 11.5b

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.

James Hardie Industries

Market Cap: AU$20.5b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Pinnacle Financial Partners

Market Cap: US$14.5b

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.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ53.0b

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

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق52.1b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Dangote Cement

Market Cap: ₦19.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Kokusai Electric

Market Cap: JP¥2.3t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Tongfu MicroelectronicsLtd

Market Cap: CN¥95.5b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Phoenix Financial

Market Cap: ₪41.2b

Operates as a financial services company in Israel.

China Resources Microelectronics

Market Cap: CN¥95.3b

Engages in the manufacture and sale of semiconductors in China and internationally.

Admiral Group

Market Cap: UK£10.5b

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