Swedish Retail Defensive Blue Chips

Power Assets Holdings

Market Cap: HK$111.4b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

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

Market Cap: ر.ق51.7b

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

Dino Polska

Market Cap: zł52.8b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

Brookfield Wealth Solutions

Market Cap: US$14.1b

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

Hologic

Market Cap: US$14.0b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Huaneng Power International

Market Cap: HK$110.1b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Unipol Assicurazioni

Market Cap: €12.3b

Provides insurance products and services primarily in Italy.

Jiangsu Yanghe Distillery

Market Cap: CN¥100.4b

Offers liquors, wines, and spirits.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$78.3b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Performance Food Group

Market Cap: US$13.9b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Admiral Group

Market Cap: UK£10.1b

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

Insurance Australia Group

Market Cap: AU$21.0b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Almarai

Market Cap: ر.س51.0b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Union Bank of India

Market Cap: ₹1.2t

Provides various banking products and services.

True Corporation

Market Cap: ฿438.8b

Provides telecommunications and value-added services in Thailand.

Reinsurance Group of America

Market Cap: US$13.5b

Provides reinsurance and financial solutions.

MTN Group

Market Cap: R238.2b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥96.2b

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

JDE Peet's

Market Cap: €11.7b

Operates as a coffee and tea company worldwide.

Cooper Companies

Market Cap: US$13.3b

Develops, manufactures, and markets contact lens wearers.

ASR Nederland

Market Cap: €11.7b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

United Spirits

Market Cap: ₹1.1t

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Bank of the Philippine Islands

Market Cap: ₱739.7b

Provides various financial products and services to retail and corporate clients in the Philippines.

Bank of Ireland Group

Market Cap: €11.6b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Montage Technology

Market Cap: CN¥95.2b

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

Santander Bank Polska

Market Cap: zł49.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

FinecoBank Banca Fineco

Market Cap: €11.6b

Provides banking, credit, trading and investment services in Italy.

CP ALL

Market Cap: ฿430.0b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Samsung Fire & Marine Insurance

Market Cap: ₩18.0t

Engages in the provision of non-life insurance products and services in Korea, China, the United States, Indonesia, Vietnam, Singapore, and the United Kingdom.

Fisher & Paykel Healthcare

Market Cap: NZ$21.7b

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

Teradyne

Market Cap: US$13.1b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Mashreqbank PSC

Market Cap: د.إ47.7b

Provides various banking and financial services to individuals and corporates.

CNA Financial

Market Cap: US$13.0b

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

Align Technology

Market Cap: US$13.0b

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

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Smith & Nephew

Market Cap: UK£9.5b

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