Bulgarian Transportation Defensive Blue Chips

Arthur J. Gallagher

Market Cap: US$63.6b

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

Teradyne

Market Cap: US$63.1b

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.

Astera Labs

Market Cap: US$62.0b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

National Bank of Canada

Market Cap: CA$86.8b

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

MetLife

Market Cap: US$61.9b

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

Alimentation Couche-Tard

Market Cap: CA$85.5b

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

Nongfu Spring

Market Cap: HK$472.6b

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

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ221.2b

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

NXP Semiconductors

Market Cap: US$59.9b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

China CITIC Bank

Market Cap: CN¥403.8b

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

Cencora

Market Cap: US$59.6b

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

Great-West Lifeco

Market Cap: CA$83.4b

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

Saudi Telecom

Market Cap: ر.س217.7b

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

KBC Group

Market Cap: €50.2b

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

Industrial Bank

Market Cap: CN¥388.6b

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

E.ON

Market Cap: €49.5b

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

Sempra

Market Cap: US$56.6b

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

Fubon Financial Holding

Market Cap: NT$1.8t

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

United Overseas Bank

Market Cap: S$71.0b

Provides banking products and services worldwide.

Singapore Telecommunications

Market Cap: S$71.0b

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

Emirates NBD Bank PJSC

Market Cap: د.إ202.3b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

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.

Cardinal Health

Market Cap: US$54.7b

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

Loblaw Companies

Market Cap: CA$75.4b

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.

Fifth Third Bancorp

Market Cap: US$52.4b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Erste Group Bank

Market Cap: €45.4b

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

Life Insurance Corporation of India

Market Cap: ₹5.0t

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

Edwards Lifesciences

Market Cap: US$51.6b

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

Cerebras Systems

Market Cap: US$51.5b

Operates as an artificial intelligence infrastructure company.

Entergy

Market Cap: US$50.8b

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

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥342.9b

Advanced Micro-Fabrication Equipment Inc.

Danone

Market Cap: €43.8b

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.

Orange

Market Cap: €43.7b

Operates as a telecommunications operator in France and internationally.

Siemens Healthineers

Market Cap: €43.4b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Holcim

Market Cap: CHF 40.5b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Wal-Mart de México. de

Market Cap: Mex$858.9b

Owns and operates self-service stores in Mexico and Central America.