Portuguese Semiconductors Defensive Blue Chips

MTN Group

Market Cap: R225.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

First Financial Holding

Market Cap: NT$377.4b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

Samsung Life Insurance

Market Cap: ₩17.3t

Engages in the life insurance business in South Korea and internationally.

Smith & Nephew

Market Cap: UK£9.3b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.6b

Produces and supplies hydro, wind, and energy electricity in Romania.

Taiwan Cooperative Financial Holding

Market Cap: NT$373.0b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

ageas

Market Cap: €11.0b

Engages in insurance business.

Universal Health Services

Market Cap: US$12.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Hua Nan Financial Holdings

Market Cap: NT$370.7b

Provides financial services in Taiwan and internationally.

Kansai Electric Power Company

Market Cap: JP¥1.8t

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

BPER Banca

Market Cap: €10.9b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Maplebear

Market Cap: US$12.3b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Grupo Bimbo. de

Market Cap: Mex$237.9b

Produces, distributes, and sells various bakery products.

SCB X

Market Cap: ฿402.4b

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

Fisher & Paykel Healthcare

Market Cap: NZ$20.5b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Helvetia Holding

Market Cap: CHF 10.1b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Adani Energy Solutions

Market Cap: ₹1.0t

Generates, transmits, and distributes power in India.

Encompass Health

Market Cap: US$12.2b

Provides post-acute healthcare services in the United States and Puerto Rico.

Tsingtao Brewery

Market Cap: HK$95.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

Montage Technology

Market Cap: CN¥86.7b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Turkiye Garanti Bankasi

Market Cap: ₺467.0b

Provides various banking products and services in Turkey.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.0b

Provides a range of banking products and services to individual and corporate customers in China.

Hims & Hers Health

Market Cap: US$11.9b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Tokyo GasLtd

Market Cap: JP¥1.7t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Etihad Etisalat

Market Cap: ر.س44.7b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

RenaissanceRe Holdings

Market Cap: US$11.9b

Provides reinsurance and insurance products in the United States and internationally.

Grupo Cibest

Market Cap: Col$48.9t

Provides banking products and services in Colombia and internationally.

China Zheshang Bank

Market Cap: HK$92.3b

Provides various commercial banking products and services in Mainland China.

Canara Bank

Market Cap: ₹1.0t

Provides various banking products and services in India and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥84.6b

Henan Shuanghui Investment & Development Co.,Ltd.

IDBI Bank

Market Cap: ₹1.0t

Engages in the provision of banking and financial solutions to retail and corporate clients in India.

Taiwan Mobile

Market Cap: NT$350.8b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Engages in the provision of healthcare services in India and internationally.

WH Group

Market Cap: HK$91.5b

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