Bermudian Materials Defensive Blue Chips

Foshan Haitian Flavouring and Food

Market Cap: CN¥213.5b

Foshan Haitian Flavouring and Food Company Ltd.

Bank of Jiangsu

Market Cap: CN¥212.3b

Provides various banking products and services in China.

Naturgy Energy Group

Market Cap: €27.4b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Seven & i Holdings

Market Cap: JP¥5.1t

Operates convenience stores in Japan, North America, and internationally.

Kraft Heinz

Market Cap: US$31.1b

Manufactures and markets food and beverage products in North America and internationally.

Bank Hapoalim B.M

Market Cap: ₪94.9b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Credicorp

Market Cap: US$31.1b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Bank of Ningbo

Market Cap: CN¥210.1b

Provides various personal and business banking products and services in the People's Republic of China.

Resona Holdings

Market Cap: JP¥5.1t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.9b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Piotech

Market Cap: CN¥205.5b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Nestlé India

Market Cap: ₹2.9t

Engages in the manufacture and sale of food products in India and internationally.

Citizens Financial Group

Market Cap: US$30.1b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Veolia Environnement

Market Cap: €26.1b

Designs and provides water, waste, and energy management solutions.

Atmos Energy

Market Cap: US$29.7b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Svenska Handelsbanken

Market Cap: SEK 287.2b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

W. R. Berkley

Market Cap: US$29.4b

An insurance holding company, operates as a commercial line writer worldwide.

ResMed

Market Cap: US$29.3b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

GLOBALFOUNDRIES

Market Cap: US$29.2b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Gulf Development

Market Cap: ฿974.8b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Sampo Oyj

Market Cap: €25.4b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

AXIA Energia

Market Cap: R$148.0b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Willis Towers Watson

Market Cap: US$28.6b

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

Cincinnati Financial

Market Cap: US$28.5b

Provides property casualty insurance products in the United States.

Ørsted

Market Cap: DKK 187.0b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Ajinomoto

Market Cap: JP¥4.7t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.7t

Operates as a trust bank in Japan and internationally.

Fresenius SE KGaA

Market Cap: €25.0b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

DexCom

Market Cap: US$28.3b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Amrize

Market Cap: CHF 22.9b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada.

George Weston

Market Cap: CA$39.3b

Provides food and drug retailing, and financial services in Canada.

Qnity Electronics

Market Cap: US$27.8b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

GE HealthCare Technologies

Market Cap: US$27.8b

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.

Power Grid Corporation of India

Market Cap: ₹2.7t

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

Banco de Crédito del Perú

Market Cap: S/94.0b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Aviva

Market Cap: UK£20.7b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.