Portuguese Semiconductors Defensive Blue Chips

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Pilgrim's Pride

Market Cap: US$11.4b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Acciona

Market Cap: €9.7b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Orkla

Market Cap: NOK 115.1b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

ICICI Lombard General Insurance

Market Cap: ₹978.7b

Provides various general insurance products and services in India.

Zegona Communications

Market Cap: UK£8.4b

Engages in investing in the telecommunications, media, and technology businesses in Europe.

Rockchip Electronics

Market Cap: CN¥80.5b

Operates as a fabless IC design company in China.

Banque Saudi Fransi

Market Cap: ر.س42.1b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Marico

Market Cap: ₹975.4b

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

Huadong Medicine

Market Cap: CN¥80.1b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

IDBI Bank

Market Cap: ₹969.4b

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

Skyworks Solutions

Market Cap: US$11.1b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Globe Life

Market Cap: US$11.1b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

American Financial Group

Market Cap: US$11.1b

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

Tsingtao Brewery

Market Cap: HK$86.5b

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

Banco Santander-Chile

Market Cap: CL$10.7t

Provides commercial and retail banking products and services in Chile.

First Horizon

Market Cap: US$11.0b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Vietnam Prosperity Commercial Bank

Market Cap: ₫290.0t

Provides various banking products and services to organizations and individuals in Vietnam.

Alibaba Health Information Technology

Market Cap: HK$86.0b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Industrial Bank of Korea

Market Cap: ₩15.4t

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

Bajaj Housing Finance

Market Cap: ₹952.2b

Provides housing finance services in India.

United Spirits

Market Cap: ₹948.6b

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

Albertsons Companies

Market Cap: US$10.9b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Vietnam Technological and Commercial Bank

Market Cap: ₫286.1t

Provides personal and corporate banking products and services in Vietnam and internationally.

Anhui Gujing Distillery

Market Cap: CN¥77.9b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫285.8t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

SinoPac Financial Holdings

Market Cap: NT$328.2b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Carrefour

Market Cap: €9.3b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

BE Semiconductor Industries

Market Cap: €9.3b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Assurant

Market Cap: US$10.8b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Taiwan Mobile

Market Cap: NT$326.6b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥77.3b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Kinsale Capital Group

Market Cap: US$10.8b

Engages in the provision of property and casualty insurance products in the United States.

Enel Américas

Market Cap: CL$10.4t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Bank Albilad

Market Cap: ر.س40.3b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

M3

Market Cap: JP¥1.6t

Provides medical-related services primarily to physicians and other healthcare professionals through the Internet.