Thai Consumer Retailing Defensive Blue Chips

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.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م97.4b

Provides various telecommunication solutions in Morocco and internationally.

KGI Financial Holding

Market Cap: NT$316.1b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

Bangkok Dusit Medical Services

Market Cap: ฿341.7b

Operates hospitals in Thailand and internationally.

Bunge Global

Market Cap: US$10.5b

Operates as an agribusiness and food company worldwide.

Banca Monte dei Paschi di Siena

Market Cap: €9.2b

Engages in the provision of retail and commercial banking services in Italy.

Tele2

Market Cap: SEK 99.7b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Israel Discount Bank

Market Cap: ₪36.7b

Provides various banking and financial services in Israel, Europe, and North America.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Sysmex

Market Cap: JP¥1.5t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software in Japan.

Skyworks Solutions

Market Cap: US$10.4b

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

Giga Device Semiconductor

Market Cap: CN¥74.6b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

American Financial Group

Market Cap: US$10.4b

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

Credo Technology Group Holding

Market Cap: US$10.4b

Provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Centrica

Market Cap: UK£7.6b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

China Resources Beer (Holdings)

Market Cap: HK$81.1b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Penumbra

Market Cap: US$10.3b

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

Far EasTone Telecommunications

Market Cap: NT$309.7b

Engages in the provision of telecommunications and digital application services in Taiwan.

Sanlam

Market Cap: R184.0b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

CEMEX. de

Market Cap: Mex$197.8b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Assurant

Market Cap: US$10.3b

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

Anhui Gujing Distillery

Market Cap: CN¥74.1b

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

DaVita

Market Cap: US$10.3b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Bank Albilad

Market Cap: ر.س38.5b

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

Celcomdigi Berhad

Market Cap: RM 43.6b

An investment holding company, provides mobile communication services and related products in Malaysia.

Osaka Gas

Market Cap: JP¥1.5t

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

Indian Bank

Market Cap: ₹870.5b

Provides various banking products and services.

ING Bank Slaski

Market Cap: zł37.9b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Campbell's

Market Cap: US$10.2b

Manufactures and markets food and beverage products in the United States and internationally.

Raiffeisen Bank International

Market Cap: €8.8b

Offers banking services to corporate, private, and institutional customers.

Woori Financial Group

Market Cap: ₩13.9t

Operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea.

First Horizon

Market Cap: US$10.1b

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

Enel Américas

Market Cap: CL$9.5t

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

Suntory Beverage & Food

Market Cap: JP¥1.4t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

Globe Life

Market Cap: US$10.1b

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

Banque Cantonale Vaudoise

Market Cap: CHF 8.2b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.