Swedish Semiconductors Defensive Blue Chips

Montage Technology

Market Cap: CN¥89.5b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$378.3b

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

FinecoBank Banca Fineco

Market Cap: €11.2b

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

East West Bancorp

Market Cap: US$12.4b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Universal Health Services

Market Cap: US$12.3b

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

BPER Banca

Market Cap: €11.1b

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

Bank Polska Kasa Opieki

Market Cap: zł46.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Etihad Etisalat

Market Cap: ر.س45.8b

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

Origin Energy

Market Cap: AU$19.0b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

SCB X

Market Cap: ฿404.1b

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

First Financial Holding

Market Cap: NT$369.7b

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

RenaissanceRe Holdings

Market Cap: US$12.1b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.6b

Henan Shuanghui Investment & Development Co.,Ltd.

ageas

Market Cap: €10.7b

Engages in insurance business.

Banque Saudi Fransi

Market Cap: ر.س44.6b

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

JDE Peet's

Market Cap: €10.7b

Operates as a coffee and tea company worldwide.

Tsingtao Brewery

Market Cap: HK$92.6b

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

Gjensidige Forsikring

Market Cap: NOK 123.7b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

Encompass Health

Market Cap: US$11.8b

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

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Arab National Bank

Market Cap: ر.س44.0b

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.

MTN Group

Market Cap: R214.8b

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

Kasikornbank

Market Cap: ฿388.6b

Provides commercial banking products and services in Thailand and internationally.

Union Bank of India

Market Cap: ₹998.2b

Provides various banking products and services.

Tokyo GasLtd

Market Cap: JP¥1.7t

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

Apollo Hospitals Enterprise

Market Cap: ₹994.6b

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

Hims & Hers Health

Market Cap: US$11.6b

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

Manila Electric

Market Cap: ₱648.1b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Helvetia Holding

Market Cap: CHF 9.7b

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

Giga Device Semiconductor

Market Cap: CN¥83.3b

A fabless company, provides engages in the research and development, technical support, and sales of memories, microcontrollers, and sensors.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.3b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥83.3b

Engages in the clean energy business in China.

Bangkok Dusit Medical Services

Market Cap: ฿383.0b

Operates hospitals in Thailand and internationally.

Penumbra

Market Cap: US$11.5b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺446.9b

Provides various banking products and services in Turkey.