Tanzanian Pharmaceuticals & Biotech Defensive Blue Chips

Itissalat Al-Maghrib (IAM)

Market Cap: د.م98.9b

Provides various telecommunication solutions in Morocco and internationally.

James Hardie Industries

Market Cap: AU$16.5b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, and New Zealand.

Molson Coors Beverage

Market Cap: US$10.7b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Giga Device Semiconductor

Market Cap: CN¥76.8b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

Credo Technology Group Holding

Market Cap: US$10.6b

Provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Carrefour

Market Cap: €9.3b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Baloise Holding

Market Cap: CHF 8.8b

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

China Resources Beer (Holdings)

Market Cap: HK$83.2b

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

National Bank of Greece

Market Cap: €9.3b

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

Marico

Market Cap: ₹908.4b

Manufactures and sells consumer products in India.

Bunge Global

Market Cap: US$10.5b

Operates as an agribusiness and food company worldwide.

Israel Discount Bank

Market Cap: ₪36.7b

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

Banca Monte dei Paschi di Siena

Market Cap: €9.2b

Engages in the provision of retail and commercial banking services in Italy.

American Financial Group

Market Cap: US$10.4b

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

Assurant

Market Cap: US$10.4b

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

Sanlam

Market Cap: R184.6b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Skyworks Solutions

Market Cap: US$10.4b

Designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Bangkok Dusit Medical Services

Market Cap: ฿338.5b

Operates hospitals in Thailand and internationally.

CEMEX. de

Market Cap: Mex$198.3b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Bank Albilad

Market Cap: ر.س38.6b

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

Tele2

Market Cap: SEK 98.8b

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

Enel Américas

Market Cap: CL$9.7t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Marks and Spencer Group

Market Cap: UK£7.6b

Operates various retail stores.

M3

Market Cap: JP¥1.5t

Provides medical-related services primarily to physicians and other healthcare professionals through Internet.

Campbell's

Market Cap: US$10.2b

Manufactures and markets food and beverage products in the United States and internationally.

Far EasTone Telecommunications

Market Cap: NT$305.0b

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

DaVita

Market Cap: US$10.1b

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

Anhui Gujing Distillery

Market Cap: CN¥72.9b

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

Sysmex

Market Cap: JP¥1.5t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software in Japan.

Globe Life

Market Cap: US$10.1b

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

Novatek Microelectronics

Market Cap: NT$301.5b

Engages in research and development, manufacture, and sale of integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications in Taiwan, Asia, and internationally.

First Horizon

Market Cap: US$10.1b

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

Suntory Beverage & Food

Market Cap: JP¥1.4t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

Raiffeisen Bank International

Market Cap: €8.8b

Offers banking services to corporate, private, and institutional customers.