Vietnamese Household Defensive Blue Chips

Encompass Health

Market Cap: US$12.3b

Provides post-acute healthcare services in the United States and Puerto Rico.

Banca Monte dei Paschi di Siena

Market Cap: €10.5b

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

Dino Polska

Market Cap: zł44.8b

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

Tata Consumer Products

Market Cap: ₹1.1t

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥87.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Kasikornbank

Market Cap: ฿392.1b

Provides commercial banking products and services in Thailand and internationally.

Baloise Holding

Market Cap: CHF 9.7b

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

GD Power DevelopmentLtd

Market Cap: CN¥86.0b

Operates as a power generation company in China.

Kirin Holdings Company

Market Cap: JP¥1.8t

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

Shanghai Rural Commercial Bank

Market Cap: CN¥85.4b

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

James Hardie Industries

Market Cap: AU$18.4b

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

Israel Discount Bank

Market Cap: ₪40.3b

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

Arab National Bank

Market Cap: ر.س44.7b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Tele2

Market Cap: SEK 114.1b

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

China Resources Beer (Holdings)

Market Cap: HK$92.7b

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥84.5b

Beijing E-Town Semiconductor Technology Co., Ltd.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م106.8b

Provides various telecommunication solutions in Morocco and internationally.

Universal Health Services

Market Cap: US$11.8b

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

Zegona Communications

Market Cap: UK£8.8b

Provides integrated telecommunications services in Spain.

Alibaba Health Information Technology

Market Cap: HK$92.0b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Unum Group

Market Cap: US$11.8b

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

Telecom Italia

Market Cap: €10.1b

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

Ørsted

Market Cap: DKK 75.3b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

RenaissanceRe Holdings

Market Cap: US$11.7b

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

Anhui Gujing Distillery

Market Cap: CN¥83.4b

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

Chandra Daya Investasi

Market Cap: Rp191.0t

Operates as an infrastructure investment holding company.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.3b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥83.0b

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

IDBI Bank

Market Cap: ₹1.0t

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

Union Bank of India

Market Cap: ₹1.0t

Provides banking products and services in India.

HKT Trust and HKT

Market Cap: HK$90.2b

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.

BB Seguridade Participações

Market Cap: R$62.4b

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

Rockchip Electronics

Market Cap: CN¥82.4b

Operates as a fabless IC design company in China.

ING Bank Slaski

Market Cap: zł42.3b

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

Skyworks Solutions

Market Cap: US$11.5b

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.

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.