Polish Transportation Defensive Blue Chips

China Resources Power Holdings

Market Cap: HK$96.7b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Nexchip Semiconductor

Market Cap: CN¥83.1b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Coca-Cola Consolidated

Market Cap: US$12.3b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Kokusai Electric

Market Cap: JP¥1.9t

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

Semtech

Market Cap: US$12.0b

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

Aier Eye Hospital Group

Market Cap: CN¥80.9b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Harel Insurance Investments & Financial Services

Market Cap: ₪36.0b

Offers insurance and financial services in Israel, Europe, and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥80.6b

Engages in commercial banking business in China.

Realtek Semiconductor

Market Cap: NT$383.5b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Tele2

Market Cap: SEK 112.0b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Marico

Market Cap: ₹1.1t

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

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥79.2b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Arab National Bank

Market Cap: ر.س43.9b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

American Financial Group

Market Cap: US$11.7b

An insurance holding company, provides property and casualty insurance products in the United States.

Alpha Bank

Market Cap: €10.1b

Provides various banking and financial products and services in Greece and internationally.

Japan Post Insurance

Market Cap: JP¥1.8t

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

Chiba Bank

Market Cap: JP¥1.8t

Provides banking products and services in Japan and internationally.

Absa Group

Market Cap: R189.4b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Guangdong Haid Group

Market Cap: CN¥78.1b

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

Magnum Ice Cream

Market Cap: €10.0b

Engages in the ice cream business in the Netherlands.

Insulet

Market Cap: US$11.6b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

China Resources Microelectronics

Market Cap: CN¥77.7b

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

SD Guthrie Berhad

Market Cap: RM 46.9b

Operates as an integrated plantations company in Malaysia and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺544.7b

Provides various banking products and services in Turkey.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.5b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Ryan Specialty Holdings

Market Cap: US$11.4b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Industrial Bank of Korea

Market Cap: ₩16.2t

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

Far EasTone Telecommunications

Market Cap: NT$367.9b

Provides mobile telecommunications services in Taiwan and internationally.

Marks and Spencer Group

Market Cap: UK£8.5b

Operates various retail stores.

Beijing YanDong MicroElectronic

Market Cap: CN¥76.9b

Beijing YanDong MicroElectronic Co., Ltd.

Ambuja Cements

Market Cap: ₹1.1t

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

Caixa Seguridade Participações

Market Cap: R$58.4b

Provides insurance products in Brazil and internationally.

United Spirits

Market Cap: ₹1.1t

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

Sanlam

Market Cap: R185.3b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥76.5b

Beijing E-Town Semiconductor Technology Co., Ltd.