Thai Food, Beverage & Tobacco Defensive Blue Chips

Bank of Hangzhou

Market Cap: CN¥116.6b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Talen Energy

Market Cap: US$16.3b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Hana Financial Group

Market Cap: ₩22.5t

Through its subsidiaries, provides financial services in South Korea.

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

Market Cap: ر.ق59.1b

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

Vodacom Group

Market Cap: R282.4b

Provides communications products and services.

Saudi Electricity

Market Cap: ر.س60.5b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Fortum Oyj

Market Cap: €13.7b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Hormel Foods

Market Cap: US$16.1b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Tryg

Market Cap: DKK 102.3b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$297.1b

Provides various financial products and services to individuals and businesses in Mexico.

Performance Food Group

Market Cap: US$16.0b

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

Mizrahi Tefahot Bank

Market Cap: ₪53.7b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Celsius Holdings

Market Cap: US$15.9b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Tenet Healthcare

Market Cap: US$15.9b

Operates as a diversified healthcare services company in the United States.

Kansai Electric Power Company

Market Cap: JP¥2.3t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Metro

Market Cap: CA$21.8b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Montage Technology

Market Cap: CN¥112.7b

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

Ryan Specialty Holdings

Market Cap: US$15.6b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Shanghai United Imaging Healthcare

Market Cap: CN¥111.0b

Shanghai United Imaging Healthcare Co., Ltd.

Kerry Group

Market Cap: €13.2b

Provides taste and nutrition solutions.

Unipol Assicurazioni

Market Cap: €13.1b

Provides insurance products and services primarily in Italy.

Jerónimo Martins SGPS

Market Cap: €13.1b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Rede D'Or São Luiz

Market Cap: R$83.3b

Operates a network of hospitals in Brazil.

Suncorp Group

Market Cap: AU$23.6b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Turkiye Garanti Bankasi

Market Cap: ₺628.3b

Provides various banking products and services in Turkey.

ASR Nederland

Market Cap: €13.1b

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

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Hologic

Market Cap: US$15.2b

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.

Jiangsu Yanghe Distillery

Market Cap: CN¥108.7b

Offers liquors and wines.

JDE Peet's

Market Cap: €12.8b

Operates as a coffee and tea company worldwide.

Cooper Companies

Market Cap: US$15.0b

Develops, manufactures, and markets contact lens wearers.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$81.3b

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

Admiral Group

Market Cap: UK£11.1b

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

Fresenius Medical Care

Market Cap: €12.7b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Telia Company

Market Cap: SEK 141.1b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.