Venezuelan Pharmaceuticals & Biotech Defensive Blue Chips

Itissalat Al-Maghrib (IAM)

Market Cap: د.م98.5b

Provides various telecommunication solutions in Morocco and internationally.

China Resources Beer (Holdings)

Market Cap: HK$84.3b

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

ICICI Prudential Life Insurance

Market Cap: ₹922.3b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Conagra Brands

Market Cap: US$10.7b

Operates as a consumer packaged goods food company primarily in the United States.

Celcomdigi Berhad

Market Cap: RM 45.4b

An investment holding company, provides mobile communication services and related products in Malaysia.

Skyworks Solutions

Market Cap: US$10.7b

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.

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.

Baloise Holding

Market Cap: CHF 8.7b

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

Huadong Medicine

Market Cap: CN¥76.4b

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

Marico

Market Cap: ₹910.5b

Manufactures and sells consumer products in India.

Centrica

Market Cap: UK£7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Sanlam

Market Cap: R186.4b

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

Banca Monte dei Paschi di Siena

Market Cap: €9.2b

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

Enel Américas

Market Cap: CL$9.7t

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

Israel Discount Bank

Market Cap: ₪36.4b

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

Tele2

Market Cap: SEK 99.7b

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

Carrefour

Market Cap: €9.1b

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$309.4b

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

Assurant

Market Cap: US$10.3b

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

Bank Albilad

Market Cap: ر.س38.8b

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

American Financial Group

Market Cap: US$10.3b

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

CEMEX. de

Market Cap: Mex$198.0b

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

Celsius Holdings

Market Cap: US$10.3b

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

DaVita

Market Cap: US$10.3b

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

Bangkok Dusit Medical Services

Market Cap: ฿335.3b

Operates hospitals in Thailand and internationally.

M3

Market Cap: JP¥1.5t

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

Anhui Gujing Distillery

Market Cap: CN¥73.8b

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

Doximity

Market Cap: US$10.2b

Operates as a digital platform for medical professionals in the United States.

Campbell's

Market Cap: US$10.2b

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

Sysmex

Market Cap: JP¥1.5t

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

First Horizon

Market Cap: US$10.1b

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

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.

ING Bank Slaski

Market Cap: zł37.6b

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

Bank Negara Indonesia (Persero)

Market Cap: Rp164.7t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

PB Fintech

Market Cap: ₹861.5b

Operates an online platform for insurance and lending products in India and internationally.

BE Semiconductor Industries

Market Cap: €8.8b

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