Ukrainian Retail Defensive Blue Chips

Hana Financial Group

Market Cap: ₩22.6t

Through its subsidiaries, provides financial services in South Korea.

bioMérieux

Market Cap: €13.9b

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

Smith & Nephew

Market Cap: UK£12.0b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Saudi Electricity

Market Cap: ر.س60.7b

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

Grupo Financiero Inbursa. de

Market Cap: Mex$301.5b

Provides various financial products and services to individuals and businesses in Mexico.

Tenet Healthcare

Market Cap: US$16.1b

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

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

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

Hormel Foods

Market Cap: US$16.0b

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

Rede D'Or São Luiz

Market Cap: R$86.2b

Operates a network of hospitals in Brazil.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق57.9b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Performance Food Group

Market Cap: US$15.9b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Tryg

Market Cap: DKK 101.2b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Ambuja Cements

Market Cap: ₹1.4t

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

Kansai Electric Power Company

Market Cap: JP¥2.3t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

MTN Group

Market Cap: R278.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Vodacom Group

Market Cap: R277.7b

Provides communications products and services.

Shanghai United Imaging Healthcare

Market Cap: CN¥111.7b

Shanghai United Imaging Healthcare Co., Ltd.

Metro

Market Cap: CA$21.5b

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

Fortum Oyj

Market Cap: €13.3b

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.

Jerónimo Martins SGPS

Market Cap: €13.2b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Celsius Holdings

Market Cap: US$15.4b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥109.8b

Offers liquors and wines.

GigaDevice Semiconductor

Market Cap: CN¥109.2b

Giga Device Semiconductor Inc. engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$82.8b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Kerry Group

Market Cap: €13.0b

Provides taste and nutrition solutions.

Ryan Specialty Holdings

Market Cap: US$15.1b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Unipol Assicurazioni

Market Cap: €12.9b

Provides insurance products and services primarily in Italy.

Smoore International Holdings

Market Cap: HK$117.2b

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

Suncorp Group

Market Cap: AU$22.9b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Turkiye Garanti Bankasi

Market Cap: ₺612.4b

Provides various banking products and services in Turkey.

Hologic

Market Cap: US$14.8b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Admiral Group

Market Cap: UK£10.9b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Cooper Companies

Market Cap: US$14.8b

Develops, manufactures, and markets contact lens wearers.

Fresenius Medical Care

Market Cap: €12.6b

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

Huaneng Power International

Market Cap: HK$114.2b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.