Austrian Automobiles Defensive Blue Chips

National Bank of Canada

Market Cap: CA$61.4b

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

Orange

Market Cap: €37.7b

Operates as a telecommunications operator in France and internationally.

United Overseas Bank

Market Cap: S$56.1b

Provides banking products and services worldwide.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Kioxia Holdings

Market Cap: JP¥6.5t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

NAURA Technology Group

Market Cap: CN¥299.7b

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

Kroger

Market Cap: US$42.0b

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

CBZ Holdings

Market Cap: US$5.3b

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

Aeon

Market Cap: JP¥6.3t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Coca-Cola Europacific Partners

Market Cap: €35.7b

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

Commerzbank

Market Cap: €35.6b

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.

American International Group

Market Cap: US$41.2b

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

JAPAN POST BANK

Market Cap: JP¥6.3t

Provides financial products and services in Japan and internationally.

Fubon Financial Holding

Market Cap: NT$1.3t

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

Target

Market Cap: US$40.5b

Operates as a general merchandise retailer in the United States.

Tesco

Market Cap: UK£30.6b

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

Erste Group Bank

Market Cap: €34.7b

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

Great-West Lifeco

Market Cap: CA$56.0b

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

Heidelberg Materials

Market Cap: €34.4b

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

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.

QNB Bank

Market Cap: ₺1.7t

Provides various banking products and services in Turkey.

Swisscom

Market Cap: CHF 31.2b

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

China Unicom (Hong Kong)

Market Cap: HK$300.8b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Ambev

Market Cap: R$203.9b

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.

Endesa

Market Cap: €33.0b

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.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ139.5b

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

Huadian New Energy Group

Market Cap: CN¥270.3b

Engages in the power generation business in China.

FBC Holdings

Market Cap: US$4.9b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Vulcan Materials

Market Cap: US$37.8b

Produces and supplies construction aggregates in the United States.

Muyuan Foods

Market Cap: CN¥266.9b

Operates in the hog industry in China.

DNB Bank

Market Cap: NOK 380.4b

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

Skandinaviska Enskilda Banken

Market Cap: SEK 357.1b

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

Koninklijke Ahold Delhaize

Market Cap: €32.1b

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

Danske Bank

Market Cap: DKK 239.7b

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

Martin Marietta Materials

Market Cap: US$36.7b

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

Telstra Group

Market Cap: AU$56.5b

Provides telecommunications and information services in Australia and internationally.