Thai Transportation Defensive Blue Chips

Banco Comercial Português

Market Cap: €10.7b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

True Corporation

Market Cap: ฿393.9b

Provides telecommunications and value-added services in Thailand.

Tele2

Market Cap: SEK 116.0b

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.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Tata Consumer Products

Market Cap: ₹1.1t

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

Banco Santander-Chile

Market Cap: CL$11.7t

Provides commercial and retail banking products and services in Chile.

Zegona Communications

Market Cap: UK£8.9b

Provides integrated telecommunications services in Spain.

Israel Discount Bank

Market Cap: ₪40.3b

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

Aegon

Market Cap: €10.3b

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

Maplebear

Market Cap: US$12.0b

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

Elia Group

Market Cap: €10.2b

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م107.2b

Provides various telecommunication solutions in Morocco and internationally.

Universal Health Services

Market Cap: US$11.9b

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

Hua Hong Semiconductor

Market Cap: HK$92.4b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Shanghai Rural Commercial Bank

Market Cap: CN¥84.4b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ43.3b

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

Arab National Bank

Market Cap: ر.س44.1b

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.

Kioxia Holdings

Market Cap: JP¥1.7t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

BB Seguridade Participações

Market Cap: R$63.0b

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

Jentech Precision Industrial

Market Cap: NT$350.9b

Manufactures and sells precision molds worldwide.

Rockchip Electronics

Market Cap: CN¥82.6b

Operates as a fabless IC design company in China.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.2b

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

First Horizon

Market Cap: US$11.6b

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

China Resources Beer (Holdings)

Market Cap: HK$90.2b

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

Anhui Gujing Distillery

Market Cap: CN¥82.5b

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

Banca Monte dei Paschi di Siena

Market Cap: €9.9b

Provides retail and commercial banking services in Italy.

American Financial Group

Market Cap: US$11.5b

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

Telecom Italia

Market Cap: €9.8b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Krung Thai Bank

Market Cap: ฿363.4b

Engages in commercial banking business in Thailand and internationally.

China Zheshang Bank

Market Cap: HK$89.0b

Provides various commercial banking products and services in Mainland China.

Osaka Gas

Market Cap: JP¥1.7t

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

Orkla

Market Cap: NOK 113.7b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Globe Life

Market Cap: US$11.4b

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

Baloise Holding

Market Cap: CHF 9.1b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥80.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.