Thai Insurance Defensive Blue Chips

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.3b

Henan Shuanghui Investment & Development Co.,Ltd.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥87.9b

Operates as a power generation company in China.

Arab National Bank

Market Cap: ر.س46.1b

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.

Tele2

Market Cap: SEK 116.2b

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

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥87.7b

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

Encompass Health

Market Cap: US$12.3b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$376.3b

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

Aegon

Market Cap: €10.5b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Elia Group

Market Cap: €10.5b

Develops and operates as a transmission system operator in Belgium and Germany.

Dino Polska

Market Cap: zł44.7b

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

Mr. Cooper Group

Market Cap: US$12.1b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م108.7b

Provides various telecommunication solutions in Morocco and internationally.

Zegona Communications

Market Cap: UK£9.0b

Provides integrated telecommunications services in Spain.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥85.2b

Beijing E-Town Semiconductor Technology Co., Ltd.

Unum Group

Market Cap: US$11.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

BB Seguridade Participações

Market Cap: R$63.5b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Israel Discount Bank

Market Cap: ₪39.4b

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

China Resources Beer (Holdings)

Market Cap: HK$90.3b

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

China Zheshang Bank

Market Cap: HK$90.2b

Provides various commercial banking products and services in Mainland China.

Universal Health Services

Market Cap: US$11.6b

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

Banca Monte dei Paschi di Siena

Market Cap: €9.9b

Provides retail and commercial banking services in Italy.

Baloise Holding

Market Cap: CHF 9.3b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

First Horizon

Market Cap: US$11.5b

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

Anhui Gujing Distillery

Market Cap: CN¥81.7b

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

RenaissanceRe Holdings

Market Cap: US$11.4b

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

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫300.9t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Maplebear

Market Cap: US$11.4b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.5b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

HKT Trust and HKT

Market Cap: HK$89.0b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

James Hardie Industries

Market Cap: AU$17.4b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Osaka Gas

Market Cap: JP¥1.7t

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

Globe Life

Market Cap: US$11.3b

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

American Financial Group

Market Cap: US$11.3b

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

InnoScience (Suzhou) Technology Holding

Market Cap: HK$88.4b

InnoScience (Suzhou) Technology Holding Co., Ltd.