Emirati Food, Beverage & Tobacco Defensive Blue Chips

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.7b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

NAURA Technology Group

Market Cap: CN¥313.9b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Kroger

Market Cap: US$44.4b

Operates as a food and drug retailer in the United States.

JAPAN POST BANK

Market Cap: JP¥6.9t

Provides financial products and services in Japan and internationally.

Heidelberg Materials

Market Cap: €38.2b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Erste Group Bank

Market Cap: €37.9b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

United Overseas Bank

Market Cap: S$56.8b

Provides banking products and services worldwide.

Orange

Market Cap: €37.4b

Operates as a telecommunications operator in France and internationally.

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ156.5b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ154.1b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Great-West Lifeco

Market Cap: CA$58.3b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Coca-Cola Europacific Partners

Market Cap: €35.7b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

American International Group

Market Cap: US$41.3b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Ambev

Market Cap: R$218.3b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Target

Market Cap: US$41.0b

Operates as a general merchandise retailer in the United States.

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

CBZ Holdings

Market Cap: US$5.1b

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

Skandinaviska Enskilda Banken

Market Cap: SEK 374.9b

Provides corporate, retail, investment, and private banking services.

DNB Bank

Market Cap: NOK 402.2b

Provides financial services to individuals and businesses in Norway and internationally.

Huadian New Energy Group

Market Cap: CN¥279.5b

Engages in the power generation business in China.

Veeva Systems

Market Cap: US$39.5b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

ACWA Power

Market Cap: ر.س147.4b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

QNB Bank

Market Cap: ₺1.7t

Provides various banking products and services in Turkey.

Alcon

Market Cap: CHF 31.2b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Danske Bank

Market Cap: DKK 248.8b

Provides various banking products and services to corporate, institutional, and international clients.

Tesco

Market Cap: UK£29.2b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Vulcan Materials

Market Cap: US$38.3b

Produces and supplies construction aggregates in the United States.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Hartford Insurance Group

Market Cap: US$37.8b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Fairfax Financial Holdings

Market Cap: CA$52.7b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Hershey

Market Cap: US$37.5b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Endesa

Market Cap: €32.3b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Muyuan Foods

Market Cap: CN¥263.7b

Operates in the hog industry in China.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ136.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Koninklijke Ahold Delhaize

Market Cap: €31.9b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.