Austrian Utilities Defensive Blue Chips

Elevance Health

Market Cap: US$84.6b

Operates as a health benefits company in the United States.

Westpac Banking

Market Cap: AU$118.4b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

China Telecom

Market Cap: HK$658.4b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

NAURA Technology Group

Market Cap: CN¥563.9b

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

ASE Technology Holding

Market Cap: NT$2.6t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

National Grid

Market Cap: UK£60.3b

Engages in the transmission and distribution of electricity and gas.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ299.1b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

ANZ Group Holdings

Market Cap: AU$113.5b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Mondelez International

Market Cap: US$79.4b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe.

Japan Tobacco

Market Cap: JP¥12.3t

A tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally.

Assicurazioni Generali

Market Cap: €66.1b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €65.7b

Engages in the insurance and reinsurance businesses worldwide.

Travelers Companies

Market Cap: US$76.0b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally.

NatWest Group

Market Cap: UK£55.1b

Provides banking and financial products and services in the United Kingdom and internationally.

Boston Scientific

Market Cap: US$74.5b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

JAPAN POST BANK

Market Cap: JP¥11.9t

Provides financial products and services in Japan and internationally.

Aon

Market Cap: US$73.7b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

Manulife Financial

Market Cap: CA$101.9b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Cigna Group

Market Cap: US$72.8b

Provides insurance and related products and services in the United States.

Nu Holdings

Market Cap: US$71.2b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

América Móvil. de

Market Cap: Mex$1.2t

Provides telecommunications services in Latin America and internationally.

SoftBank

Market Cap: JP¥11.2t

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

Société Générale Société anonyme

Market Cap: €60.5b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Monolithic Power Systems

Market Cap: US$69.6b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Teradyne

Market Cap: US$69.3b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Crédit Agricole

Market Cap: €59.5b

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.

Target

Market Cap: US$68.6b

Operates as a general merchandise retailer in the United States.

KDDI

Market Cap: JP¥10.9t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Nordea Bank Abp

Market Cap: €58.6b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

BOC Hong Kong (Holdings)

Market Cap: HK$528.6b

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

Saudi National Bank

Market Cap: ر.س247.5b

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

Allstate

Market Cap: US$65.3b

Provides property and casualty, and other insurance products in the United States and Canada.

Standard Chartered

Market Cap: UK£48.1b

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

Truist Financial

Market Cap: US$64.2b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

National Bank of Canada

Market Cap: CA$88.9b

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

FBC Holdings

Market Cap: US$8.3b

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