Bermudian Transportation Defensive Blue Chips

Grupo Nutresa S. A

Market Cap: Col$58.0t

Operates in the food industry in Colombia, Latin America, and internationally.

ASR Nederland

Market Cap: €11.8b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Tata Consumer Products

Market Cap: ₹1.1t

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

True Corporation

Market Cap: ฿435.4b

Provides telecommunications and value-added services in Thailand.

United Spirits

Market Cap: ₹1.1t

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Brookfield Wealth Solutions

Market Cap: US$13.3b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Grupo Bimbo. de

Market Cap: Mex$260.2b

Produces, distributes, and sells various bakery products.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

BB Seguridade Participações

Market Cap: R$75.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Hana Financial Group

Market Cap: ₩18.3t

Through its subsidiaries, provides financial services in South Korea.

Bank of the Philippine Islands

Market Cap: ₱727.5b

Provides various financial products and services to retail and corporate clients in the Philippines.

Reinsurance Group of America

Market Cap: US$13.1b

Provides reinsurance and financial solutions.

Kansai Electric Power Company

Market Cap: JP¥1.9t

Engages in electricity, gas and heat supply, and telecommunication businesses in Japan.

CNA Financial

Market Cap: US$13.1b

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

Align Technology

Market Cap: US$13.0b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Mashreqbank PSC

Market Cap: د.إ47.7b

Provides various banking and financial services to individuals and corporates.

Bank of Hangzhou

Market Cap: CN¥93.8b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Insurance Australia Group

Market Cap: AU$19.8b

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

Punjab National Bank

Market Cap: ₹1.1t

Provides various banking and financial products and services in India.

Performance Food Group

Market Cap: US$12.7b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Albertsons Companies

Market Cap: US$12.6b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.0b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$381.0b

Provides financial services in Taiwan and internationally.

FinecoBank Banca Fineco

Market Cap: €11.1b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$377.6b

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

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.

Montage Technology

Market Cap: CN¥89.6b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

SCB X

Market Cap: ฿404.1b

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

Maplebear

Market Cap: US$12.4b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Adani Energy Solutions

Market Cap: ₹1.0t

Generates, transmits, and distributes power in India.

Etihad Etisalat

Market Cap: ر.س46.3b

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

Guangdong Haid Group

Market Cap: CN¥89.0b

Researches, develops, produces, sells, and services animal feed products in China and internationally.

ageas

Market Cap: €10.8b

Engages in insurance business.

Rede D'Or São Luiz

Market Cap: R$70.0b

Operates a network of hospitals in Brazil.

Gjensidige Forsikring

Market Cap: NOK 125.6b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.