Argentinian Utilities Defensive Blue Chips

Sempra

Market Cap: US$61.6b

Engages in the regulated utilities business in the United States and Mexico.

SoftBank

Market Cap: JP¥10.0t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Saudi National Bank

Market Cap: ر.س230.0b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Aflac

Market Cap: US$61.2b

Through its subsidiaries, provides supplemental health and life insurance products.

Alimentation Couche-Tard

Market Cap: CA$85.8b

Operates and licenses convenience stores in North America, Europe, and Asia.

National Bank of Canada

Market Cap: CA$85.5b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Crédit Agricole

Market Cap: €52.8b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Standard Chartered

Market Cap: UK£44.4b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Arthur J. Gallagher

Market Cap: US$58.1b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Life Insurance Corporation of India

Market Cap: ₹5.5t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Saudi Telecom

Market Cap: ر.س216.5b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

BOC Hong Kong (Holdings)

Market Cap: HK$448.1b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Fubon Financial Holding

Market Cap: NT$1.8t

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

Nongfu Spring

Market Cap: HK$445.6b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Hua Hong Grace Semiconductor

Market Cap: HK$444.4b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Montage Technology

Market Cap: CN¥381.9b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Great-West Lifeco

Market Cap: CA$79.4b

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

Singapore Telecommunications

Market Cap: S$72.3b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Cardinal Health

Market Cap: US$55.7b

Operates as a healthcare services and products company in the United States and internationally.

Cencora

Market Cap: US$55.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

MetLife

Market Cap: US$55.3b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Vistra

Market Cap: US$55.1b

Operates as an integrated retail electricity and power generation company in the United States.

Disco

Market Cap: JP¥8.8t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

China CITIC Bank

Market Cap: CN¥368.3b

Provides various banking products and services in the People’s Republic of China and internationally.

ASM International

Market Cap: €47.5b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

E.ON

Market Cap: €47.3b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Loblaw Companies

Market Cap: CA$76.5b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Renesas Electronics

Market Cap: JP¥8.7t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

HOYA

Market Cap: JP¥8.7t

A med-tech company, provides high-tech and medical products in the Japan, Asia, the Americas, Europe, and internationally.

KBC Group

Market Cap: €46.7b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

SJ Semiconductor

Market Cap: CN¥360.7b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Entergy

Market Cap: US$53.1b

Engages in the production and retail distribution of electricity in the United States.

Danone

Market Cap: €46.1b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Edwards Lifesciences

Market Cap: US$52.3b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Industrial Bank

Market Cap: CN¥350.5b

Provides banking products and services in the People’s Republic of China.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ187.8b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.