Bulgarian Transportation Defensive Blue Chips

National Bank of Canada

Market Cap: CA$87.0b

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

Nongfu Spring

Market Cap: HK$479.5b

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

China CITIC Bank

Market Cap: CN¥412.6b

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

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ221.0b

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

Cencora

Market Cap: US$60.0b

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

Alimentation Couche-Tard

Market Cap: CA$83.5b

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

Great-West Lifeco

Market Cap: CA$83.1b

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

Industrial Bank

Market Cap: CN¥392.8b

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

Saudi Telecom

Market Cap: ر.س217.9b

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

KBC Group

Market Cap: €50.0b

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

Sempra

Market Cap: US$57.3b

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

E.ON

Market Cap: €49.7b

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

Teradyne

Market Cap: US$57.2b

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.

FBC Holdings

Market Cap: US$7.3b

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

NXP Semiconductors

Market Cap: US$56.5b

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

Singapore Telecommunications

Market Cap: S$72.3b

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

United Overseas Bank

Market Cap: S$71.4b

Provides banking products and services worldwide.

Fubon Financial Holding

Market Cap: NT$1.8t

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

Cardinal Health

Market Cap: US$55.2b

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

Astera Labs

Market Cap: US$55.0b

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

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.

Emirates NBD Bank PJSC

Market Cap: د.إ201.8b

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

Loblaw Companies

Market Cap: CA$76.0b

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.

Vistra

Market Cap: US$52.6b

Operates as an integrated retail electricity and power generation company in the United States.

Life Insurance Corporation of India

Market Cap: ₹4.9t

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

Fifth Third Bancorp

Market Cap: US$51.6b

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: €44.7b

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

Edwards Lifesciences

Market Cap: US$51.1b

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

Orange

Market Cap: €44.1b

Operates as a telecommunications operator in France and internationally.

Entergy

Market Cap: US$50.4b

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

Danone

Market Cap: €43.6b

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.

Siemens Healthineers

Market Cap: €43.5b

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.

Cerebras Systems

Market Cap: US$49.8b

Operates as an artificial intelligence infrastructure company.

Endesa

Market Cap: €43.2b

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.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ182.6b

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

Diageo

Market Cap: UK£36.8b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.