Thai Transportation Defensive Blue Chips

Mapfre

Market Cap: €13.6b

Engages in insurance, reinsurance, and financial activities in Spain.

HANMI Semiconductor

Market Cap: ₩23.0t

Manufactures and sells semiconductor equipment in South Korea and internationally.

ageas

Market Cap: €13.6b

Engages in insurance business.

BB Seguridade Participações

Market Cap: R$79.0b

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

Rede D'Or São Luiz

Market Cap: R$78.9b

Engages in the provision of hospital services in Brazil.

Jentech Precision Industrial

Market Cap: NT$498.2b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Kerry Group

Market Cap: €13.5b

Provides taste and nutrition solutions.

BAWAG Group

Market Cap: €13.4b

Operates as a holding company for BAWAG P.S.K.

Reinsurance Group of America

Market Cap: US$15.3b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

James Hardie Industries

Market Cap: AU$21.8b

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

Dairibord Holdings

Market Cap: US$2.0b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Sonova Holding

Market Cap: CHF 12.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Onto Innovation

Market Cap: US$15.2b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

First Financial Holding

Market Cap: NT$488.2b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

National Bank of Greece

Market Cap: €13.2b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ55.5b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Nova

Market Cap: US$15.0b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Pinnacle Financial Partners

Market Cap: US$15.0b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

DaVita

Market Cap: US$14.9b

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

Nexchip Semiconductor

Market Cap: CN¥100.6b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.8b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Banco de Crédito e Inversiones

Market Cap: CL$13.7t

Provides various banking products and services in Chile, the United States, and Peru.

Attijariwafa bank

Market Cap: د.م137.9b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Admiral Group

Market Cap: UK£10.9b

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

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ53.5b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$252.4b

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

Everest Group

Market Cap: US$14.4b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Great Eastern Holdings

Market Cap: S$18.5b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Huaneng Power International

Market Cap: HK$112.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Gjensidige Forsikring

Market Cap: NOK 138.6b

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

Phoenix Financial

Market Cap: ₪43.2b

Operates as a financial services company in Israel.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Coloplast

Market Cap: DKK 93.2b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Kokusai Electric

Market Cap: JP¥2.3t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.