Ukrainian Retail Defensive Blue Chips

CP ALL

Market Cap: ฿397.7b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Kasikornbank

Market Cap: ฿396.9b

Provides commercial banking products and services in Thailand and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$373.2b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Shree Cement

Market Cap: ₹1.1t

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

Mr. Cooper Group

Market Cap: US$12.2b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Zegona Communications

Market Cap: UK£9.0b

Provides integrated telecommunications services in Spain.

Dino Polska

Market Cap: zł44.5b

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

InnoScience (Suzhou) Technology Holding

Market Cap: HK$94.4b

InnoScience (Suzhou) Technology Holding Co., Ltd.

Tele2

Market Cap: SEK 114.9b

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

GD Power DevelopmentLtd

Market Cap: CN¥86.0b

Operates as a power generation company in China.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥85.8b

Henan Shuanghui Investment & Development Co.,Ltd.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م108.9b

Provides various telecommunication solutions in Morocco and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Baloise Holding

Market Cap: CHF 9.6b

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

China Zheshang Bank

Market Cap: HK$93.1b

Provides various commercial banking products and services in Mainland China.

Shanghai Rural Commercial Bank

Market Cap: CN¥84.5b

Provides a range of banking products and services to individual and corporate customers in China.

Unum Group

Market Cap: US$11.8b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

James Hardie Industries

Market Cap: AU$18.1b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Banca Monte dei Paschi di Siena

Market Cap: €10.0b

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

BB Seguridade Participações

Market Cap: R$63.1b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Universal Health Services

Market Cap: US$11.6b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

First Horizon

Market Cap: US$11.6b

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

NMBZ Holdings

Market Cap: US$1.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Chandra Daya Investasi

Market Cap: Rp189.7t

Operates as an infrastructure investment holding company.

HKT Trust and HKT

Market Cap: HK$90.1b

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.

China Resources Beer (Holdings)

Market Cap: HK$89.7b

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

RenaissanceRe Holdings

Market Cap: US$11.5b

Provides reinsurance and insurance products in the United States and internationally.

Maplebear

Market Cap: US$11.4b

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

Globe Life

Market Cap: US$11.4b

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

American Financial Group

Market Cap: US$11.3b

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

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫298.4t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

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.

Osaka Gas

Market Cap: JP¥1.7t

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

Skyworks Solutions

Market Cap: US$11.3b

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.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥80.4b

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