Bulgarian Utilities Defensive Blue Chips

Helvetia Holding

Market Cap: CHF 10.7b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

NMBZ Holdings

Market Cap: US$1.7b

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

Almarai

Market Cap: ر.س50.0b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

FinecoBank Banca Fineco

Market Cap: €11.5b

Provides banking, credit, trading and investment services in Italy.

Olympus

Market Cap: JP¥2.0t

Manufactures and sells precision machineries and instruments worldwide.

SCB X

Market Cap: ฿431.0b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Banco Comercial Português

Market Cap: €11.3b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Bank Polska Kasa Opieki

Market Cap: zł48.2b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Samsung Fire & Marine Insurance

Market Cap: ₩18.6t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Powszechny Zaklad Ubezpieczen

Market Cap: zł48.0b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Mashreqbank PSC

Market Cap: د.إ48.0b

Provides various banking and financial services to individuals and corporates.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Elia Group

Market Cap: €11.2b

Develops and operates as a transmission system operator in Belgium and Germany.

ageas

Market Cap: €11.2b

Engages in insurance business.

Hormel Foods

Market Cap: US$13.0b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥92.0b

Operates as a power generation company in China.

BE Semiconductor Industries

Market Cap: €11.1b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Canara Bank

Market Cap: ₹1.1t

Provides various banking products and services in India and internationally.

Reinsurance Group of America

Market Cap: US$12.9b

Provides reinsurance and financial solutions.

Unum Group

Market Cap: US$12.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

CP ALL

Market Cap: ฿416.8b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Brown-Forman

Market Cap: US$12.7b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Zegona Communications

Market Cap: UK£9.5b

Provides integrated telecommunications services in Spain.

Woori Financial Group

Market Cap: ₩18.0t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Doximity

Market Cap: US$12.6b

Operates as a digital platform for medical professionals in the United States.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

BDO Unibank

Market Cap: ₱732.8b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Insurance Australia Group

Market Cap: AU$19.3b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Universal Health Services

Market Cap: US$12.6b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

CNA Financial

Market Cap: US$12.6b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.9b

Produces and supplies hydro, wind, and energy electricity in Romania.

Banco Santander-Chile

Market Cap: CL$12.0t

Provides commercial and retail banking products and services in Chile.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥88.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.