Thai Consumer Durables Defensive Blue Chips

TS Financial Holding

Market Cap: NT$793.2b

Provides various financial products and services.

Banco de Crédito del Perú

Market Cap: S/84.7b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

China Unicom (Hong Kong)

Market Cap: HK$194.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Huaneng Lancang River Hydropower

Market Cap: CN¥167.9b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Constellation Brands

Market Cap: US$24.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

BNP Paribas Fortis

Market Cap: €21.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

New China Life Insurance

Market Cap: CN¥165.9b

Provides life insurance products and services to individuals and institutions in China.

Willis Towers Watson

Market Cap: US$24.3b

Operates as an advisory, broking, and solutions company worldwide.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp432.2t

Provides various banking products and services in Indonesia and internationally.

Snam

Market Cap: €21.2b

Engages in the operation of natural gas transport and storage infrastructure.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.1b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

First Citizens BancShares

Market Cap: US$24.0b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥162.0b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Markel Group

Market Cap: US$23.8b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

CLP Holdings

Market Cap: HK$186.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Telefónica

Market Cap: €20.7b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Terna

Market Cap: €20.5b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Principal Financial Group

Market Cap: US$23.0b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Coca-Cola HBC

Market Cap: UK£17.3b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Public Bank Berhad

Market Cap: RM 93.8b

Provides banking products and services.

NN Group

Market Cap: €20.1b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Quest Diagnostics

Market Cap: US$22.8b

Provides diagnostic testing and services in the United States.

Loews

Market Cap: US$22.8b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Dollar Tree

Market Cap: US$22.7b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥153.5b

Inner Mongolia Yili Industrial Group Co., Ltd.

Coles Group

Market Cap: AU$32.7b

Operates as a retailer in Australia.

Aeon

Market Cap: JP¥3.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$174.0b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Banco do Brasil

Market Cap: R$114.5b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Sigma Healthcare

Market Cap: AU$31.9b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Coca-Cola FEMSA. de

Market Cap: US$22.0b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

VERBUND

Market Cap: €19.3b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Cellnex Telecom

Market Cap: €19.1b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Riyad Bank

Market Cap: ر.س81.7b

Provides banking and investment services in the Kingdom of Saudi Arabia.