Ukrainian Automobiles Defensive Blue Chips

Waaree Energies

Market Cap: ₹1.0t

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Tele2

Market Cap: SEK 108.9b

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

T&D Holdings

Market Cap: JP¥1.7t

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ42.1b

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

Mowi

Market Cap: NOK 115.4b

A seafood company, produces and sells Atlantic salmon products worldwide.

ICICI Lombard General Insurance

Market Cap: ₹1.0t

Provides various general insurance products and services in India.

HKT Trust and HKT

Market Cap: HK$88.5b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Rockchip Electronics

Market Cap: CN¥81.1b

Operates as a fabless IC design company in China.

IDBI Bank

Market Cap: ₹1.0t

Provides banking and financial solutions to retail and corporate customers in India.

Tsingtao Brewery

Market Cap: CN¥81.0b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق41.3b

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

SinoPac Financial Holdings

Market Cap: NT$347.2b

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

Globe Life

Market Cap: US$11.3b

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

Raiffeisen Bank International

Market Cap: €9.7b

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

China Zheshang Bank

Market Cap: HK$87.4b

Provides various commercial banking products and services in Mainland China.

Bank Permata

Market Cap: Rp187.2t

Provides various banking products and services in Indonesia.

Assurant

Market Cap: US$11.2b

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

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫294.3t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Jentech Precision Industrial

Market Cap: NT$341.6b

Manufactures and sells precision molds and its material worldwide.

Airtel Africa

Market Cap: UK£8.2b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Kinsale Capital Group

Market Cap: US$11.0b

Engages in the provision of property and casualty insurance products in the United States.

China Resources Beer (Holdings)

Market Cap: HK$85.8b

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

Coca-Cola Consolidated

Market Cap: US$11.0b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Vietnam Technological and Commercial Bank

Market Cap: ₫288.2t

Provides personal and corporate banking products and services in Vietnam and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$84.9b

Provides banking services in the People’s Republic of China.

Bank of Chengdu

Market Cap: CN¥77.7b

Provides various commercial banking products and services in China.

Sanlam

Market Cap: R188.4b

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

Sprouts Farmers Market

Market Cap: US$10.9b

Engages in the retailing of fresh, natural, and organic food products in the United States.

ING Bank Slaski

Market Cap: zł39.6b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Manila Electric

Market Cap: ₱628.9b

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

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.

Far EasTone Telecommunications

Market Cap: NT$331.0b

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م99.3b

Provides various telecommunication solutions in Morocco and internationally.

Skyworks Solutions

Market Cap: US$10.8b

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

Taiwan Mobile

Market Cap: NT$329.7b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Osaka Gas

Market Cap: JP¥1.6t

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