Austrian Utilities Defensive Blue Chips

Arch Capital Group

Market Cap: US$33.5b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Fairfax Financial Holdings

Market Cap: CA$46.2b

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.

Fomento Económico Mexicano. de

Market Cap: Mex$656.2b

Through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages.

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the transmission of power in India and internationally.

Imperial Brands

Market Cap: UK£25.0b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

NAURA Technology Group

Market Cap: CN¥240.9b

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

Constellation Brands

Market Cap: US$33.0b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Tesco

Market Cap: UK£24.8b

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

Chunghwa Telecom

Market Cap: NT$996.8b

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Advantest

Market Cap: JP¥4.6t

Manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia.

Foshan Haitian Flavouring and Food

Market Cap: CN¥232.5b

Foshan Haitian Flavouring and Food Company Ltd.

Skandinaviska Enskilda Banken

Market Cap: SEK 307.9b

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

Martin Marietta Materials

Market Cap: US$31.5b

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

Commerzbank

Market Cap: €27.8b

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.

Endesa

Market Cap: €27.8b

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.

Brown & Brown

Market Cap: US$31.2b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

GE HealthCare Technologies

Market Cap: US$31.0b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Humana

Market Cap: US$30.9b

Provides medical and specialty insurance products in the United States.

Danske Bank

Market Cap: DKK 201.9b

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

Monolithic Power Systems

Market Cap: US$30.5b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets.

General Mills

Market Cap: US$30.4b

Manufactures and markets branded consumer foods worldwide.

Willis Towers Watson

Market Cap: US$30.4b

Operates as an advisory, broking, and solutions company worldwide.

Talanx

Market Cap: €26.5b

Provides insurance and reinsurance products and services worldwide.

Muyuan Foods

Market Cap: CN¥215.5b

Operates in the hog industry in China.

Centene

Market Cap: US$29.6b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

China Everbright Bank

Market Cap: CN¥214.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Sompo Holdings

Market Cap: JP¥4.3t

Provides property and casualty (P&C) insurance services in Japan and internationally.

Banco do Brasil

Market Cap: R$165.1b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

CEZ a. s

Market Cap: Kč642.0b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Ping An Bank

Market Cap: CN¥211.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Terumo

Market Cap: JP¥4.2t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Swiss Life Holding

Market Cap: CHF 23.8b

Provides life, pensions, and financial solutions for private and corporate clients.

Kellanova

Market Cap: US$28.7b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Telefónica

Market Cap: €25.4b

Provides telecommunications services in Europe and Latin America.