Turkish Transportation Defensive Blue Chips

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Manila Electric

Market Cap: ₱665.0b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Encompass Health

Market Cap: US$11.3b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥80.1b

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

Assurant

Market Cap: US$11.3b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Saputo

Market Cap: CA$15.7b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

Jentech Precision Industrial

Market Cap: NT$350.2b

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

Globus Medical

Market Cap: US$11.2b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Dino Polska

Market Cap: zł41.0b

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

Chubu Electric Power Company

Market Cap: JP¥1.7t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

TIM

Market Cap: R$59.4b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.4b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

SinoPac Financial Holdings

Market Cap: NT$347.2b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Acciona

Market Cap: €9.6b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Italgas

Market Cap: €9.6b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Industrial Bank of Korea

Market Cap: ₩16.2t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Tsingtao Brewery

Market Cap: CN¥78.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Banque Saudi Fransi

Market Cap: ر.س41.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Marico

Market Cap: ₹971.4b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

M3

Market Cap: JP¥1.7t

Provides medical-related services to physicians and other healthcare professionals through the internet.

ACM Research (Shanghai)

Market Cap: CN¥77.6b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Bank Permata

Market Cap: Rp181.8t

Provides various banking products and services in Indonesia.

Penumbra

Market Cap: US$10.9b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Bank Albilad

Market Cap: ر.س40.8b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Tower Semiconductor

Market Cap: US$10.8b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Shree Cement

Market Cap: ₹956.5b

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

Buzzi

Market Cap: €9.3b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

iA Financial

Market Cap: CA$15.1b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Anhui Gujing Distillery

Market Cap: CN¥76.5b

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

BKW

Market Cap: CHF 8.7b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Komercní banka

Market Cap: Kč225.1b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Phoenix Financial

Market Cap: ₪34.8b

Provides multi-line insurance products in Israel.

Maplebear

Market Cap: US$10.6b

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

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Far EasTone Telecommunications

Market Cap: NT$331.4b

Engages in the provision of telecommunications and digital application services in Taiwan.

Old Republic International

Market Cap: US$10.6b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.