Argentinian Utilities Defensive Blue Chips

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ163.2b

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

Kroger

Market Cap: US$44.3b

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

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.6b

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

ACWA Power

Market Cap: ر.س165.8b

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.

Holcim

Market Cap: CHF 35.2b

Provides building materials and solutions worldwide.

Heineken

Market Cap: €36.6b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

National Bank of Canada

Market Cap: CA$59.3b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥297.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Commerzbank

Market Cap: €35.7b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

JAPAN POST BANK

Market Cap: JP¥6.3t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Orange

Market Cap: €35.6b

Operates as a telecommunications operator in France and internationally.

ResMed

Market Cap: US$41.3b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Axis Bank

Market Cap: ₹3.7t

Provides various financial products and services in India and internationally.

Target

Market Cap: US$40.6b

Operates as a general merchandise retailer in the United States.

Fubon Financial Holding

Market Cap: NT$1.2t

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

Public Service Enterprise Group

Market Cap: US$40.2b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

Coca-Cola Europacific Partners

Market Cap: €34.4b

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

Muyuan Foods

Market Cap: CN¥284.5b

Operates in the hog industry in China.

Vulcan Materials

Market Cap: US$39.8b

Produces and supplies construction aggregates in the United States.

UltraTech Cement

Market Cap: ₹3.5t

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.

CBZ Holdings

Market Cap: US$5.1b

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

DNB Bank

Market Cap: NOK 393.5b

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

Hershey

Market Cap: US$39.4b

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

Fairfax Financial Holdings

Market Cap: CA$54.9b

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.

Tesco

Market Cap: UK£29.0b

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

Heidelberg Materials

Market Cap: €33.4b

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

Sysco

Market Cap: US$38.3b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Swisscom

Market Cap: CHF 30.7b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Federal Home Loan Mortgage

Market Cap: US$38.2b

Operates in the secondary mortgage market in the United States.

Great-West Lifeco

Market Cap: CA$53.2b

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

Skandinaviska Enskilda Banken

Market Cap: SEK 359.2b

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

Martin Marietta Materials

Market Cap: US$38.0b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Erste Group Bank

Market Cap: €32.6b

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

Alcon

Market Cap: CHF 30.3b

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

Hannover Rück

Market Cap: €32.4b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Hartford Insurance Group

Market Cap: US$37.6b

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