Bermudian Consumer Services Defensive Blue Chips

National Silicon Industry Group

Market Cap: CN¥88.2b

National Silicon Industry Group Co., Ltd.

Etihad Etisalat

Market Cap: ر.س49.2b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

iA Financial

Market Cap: CA$18.1b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Eastroc Beverage (Group)

Market Cap: CN¥88.0b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Carrefour

Market Cap: €11.2b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Enpara Bank

Market Cap: ₺623.3b

Provides banking services and products in Turkey.

Fidelity National Financial

Market Cap: US$13.0b

Provides various insurance products in the United States.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥87.1b

Henan Shuanghui Investment & Development Co.,Ltd.

Almarai

Market Cap: ر.س48.4b

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

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Penumbra

Market Cap: US$12.8b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

J. M. Smucker

Market Cap: US$12.7b

Manufactures and markets branded food and beverage products worldwide.

Smith & Nephew

Market Cap: UK£9.3b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Webster Financial

Market Cap: US$12.6b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Semtech

Market Cap: US$12.6b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Brown-Forman

Market Cap: US$12.6b

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

Coca-Cola Consolidated

Market Cap: US$12.6b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

CP ALL

Market Cap: ฿414.4b

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

Fresenius Medical Care

Market Cap: €10.8b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

MTN Nigeria Communications

Market Cap: ₦16.9t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Taiwan Cooperative Financial Holding

Market Cap: NT$399.4b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Jerónimo Martins SGPS

Market Cap: €10.7b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Nova

Market Cap: US$12.4b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

BrightSpring Health Services

Market Cap: US$12.4b

Operates as a home and community-based healthcare services platform in the United States.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.4b

Engages in commercial banking business in China.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

First Horizon

Market Cap: US$12.2b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

China Resources Microelectronics

Market Cap: CN¥81.8b

Engages in the manufacture and sale of semiconductors in China and internationally.

Tele2

Market Cap: SEK 115.3b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥81.6b

Beijing Huafeng Test & Control Technology Co.,Ltd.

American Financial Group

Market Cap: US$12.1b

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