U.S. Consumer Retailing Defensive Blue Chips

ING Bank Slaski

Market Cap: zł41.2b

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

InnoScience (Suzhou) Technology Holding

Market Cap: HK$87.4b

InnoScience (Suzhou) Technology Holding Co., Ltd.

Osaka Gas

Market Cap: JP¥1.6t

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

Banco Santander-Chile

Market Cap: CL$10.8t

Provides commercial and retail banking products and services in Chile.

Tsingtao Brewery

Market Cap: HK$87.0b

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

Waaree Energies

Market Cap: ₹977.3b

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

Raiffeisen Bank International

Market Cap: €9.5b

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

BE Semiconductor Industries

Market Cap: €9.5b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Acciona

Market Cap: €9.4b

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

Orkla

Market Cap: NOK 110.7b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Bank of Chengdu

Market Cap: CN¥78.3b

Provides various commercial banking products and services in China.

BKW

Market Cap: CHF 8.8b

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.

Albertsons Companies

Market Cap: US$10.9b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Assurant

Market Cap: US$10.9b

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

Industrial Bank of Korea

Market Cap: ₩15.2t

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

Huadong Medicine

Market Cap: CN¥77.5b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Airtel Africa

Market Cap: UK£8.0b

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

Sanlam

Market Cap: R192.0b

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

Union Bank of India

Market Cap: ₹952.8b

Provides banking products and services in India.

Oklo

Market Cap: US$10.8b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Enel Américas

Market Cap: CL$10.4t

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

Alchip Technologies

Market Cap: NT$328.2b

Research, designs, and manufactures fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Banque Saudi Fransi

Market Cap: ر.س40.2b

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

Marico

Market Cap: ₹942.2b

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

Canara Bank

Market Cap: ₹941.8b

Provides various banking products and services in India and internationally.

Pilgrim's Pride

Market Cap: US$10.7b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Telecom Italia

Market Cap: €9.1b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Vietnam Technological and Commercial Bank

Market Cap: ₫279.8t

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

Krung Thai Bank

Market Cap: ฿343.8b

Engages in commercial banking business in Thailand and internationally.

Kinsale Capital Group

Market Cap: US$10.6b

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

United Spirits

Market Cap: ₹930.9b

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

Vietnam Prosperity Commercial Bank

Market Cap: ₫277.7t

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

Manila Electric

Market Cap: ₱603.0b

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

Taiwan Mobile

Market Cap: NT$322.1b

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

Mowi

Market Cap: NOK 105.8b

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

Bajaj Housing Finance

Market Cap: ₹926.9b

Provides housing finance services in India.