Tunisian Retail Defensive Blue Chips

Principal Financial Group

Market Cap: US$17.3b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Metro

Market Cap: CA$23.7b

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

SDIC Power Holdings

Market Cap: CN¥123.4b

Engages in the electricity generation business in China.

Alinma Bank

Market Cap: ر.س64.3b

Provides banking and investment services in the Kingdom of Saudi Arabia.

NN Group

Market Cap: €15.1b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Hua Xia Bank

Market Cap: CN¥122.9b

Provides commercial banking services in China and Hong Kong.

Banco de Sabadell

Market Cap: €15.0b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Credicorp

Market Cap: US$17.0b

Provides various financial, insurance, and health services and products in Peru and internationally.

Emirates Islamic Bank PJSC

Market Cap: د.إ62.4b

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

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥122.2b

China Three Gorges Renewables (Group) Co.,Ltd.

Hormel Foods

Market Cap: US$17.0b

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp277.4t

Provides information and communications technology, and telecommunications network services worldwide.

AIB Group

Market Cap: €14.8b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Fresenius Medical Care

Market Cap: €14.7b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ61.3b

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

Ørsted

Market Cap: DKK 109.3b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

EDP

Market Cap: €14.6b

Engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally.

CK Infrastructure Holdings

Market Cap: HK$130.4b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Telefônica Brasil

Market Cap: R$93.8b

Operates as a mobile telecommunications company in Brazil.

Casey's General Stores

Market Cap: US$16.3b

Operates convenience stores under the Casey's and Casey’s General Store names.

Aier Eye Hospital Group

Market Cap: CN¥116.6b

Operates eye care hospitals and institutions.

E.SUN Financial Holding Company

Market Cap: NT$487.1b

Provides various financial banking products and services in Taiwan.

Shanghai United Imaging Healthcare

Market Cap: CN¥116.5b

Shanghai United Imaging Healthcare Co., Ltd.

Molina Healthcare

Market Cap: US$16.1b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces.

First Solar

Market Cap: US$16.0b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

JD Health International

Market Cap: HK$125.8b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

bioMérieux

Market Cap: €14.0b

Develops and markets in vitro diagnostic solutions for the diagnosis of infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Saudi Electricity

Market Cap: ر.س59.7b

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

Smoore International Holdings

Market Cap: HK$124.9b

An investment holding company, engages in the provision of vaping technology solutions.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures and markets cement and cement related products to individual homebuilders, developers, infrastructure project, masons and contractors, and architects and engineers in India.

Anhui Conch Cement

Market Cap: HK$124.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Banco de Crédito del Perú

Market Cap: S/57.5b

Provides banking products and services to individuals, small-sized companies, and corporate customers in Peru.

JBS

Market Cap: R$89.2b

Engages in the processing of animal protein worldwide.

Wens Foodstuff Group

Market Cap: CN¥113.7b

Operates as a livestock and poultry farming company in China.

Tenet Healthcare

Market Cap: US$15.8b

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

Fortum Oyj

Market Cap: €13.8b

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.