Bermudian Utilities Defensive Blue Chips

Naturgy Energy Group

Market Cap: €27.8b

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

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Willis Towers Watson

Market Cap: US$32.2b

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

Malayan Banking Berhad

Market Cap: RM 129.7b

Provides commercial banking and related financial products and services.

Swiss Life Holding

Market Cap: CHF 25.7b

Provides life, pensions, and financial solutions for private and corporate clients.

Koninklijke Ahold Delhaize

Market Cap: €27.3b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$535.3b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥207.5b

Foshan Haitian Flavouring and Food Company Ltd.

Svenska Handelsbanken

Market Cap: SEK 290.4b

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

Casey's General Stores

Market Cap: US$30.5b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Credicorp

Market Cap: US$30.4b

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.8t

Operates as a trust bank in Japan and internationally.

Sampo Oyj

Market Cap: €25.9b

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.

Fresenius SE KGaA

Market Cap: €25.8b

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

Kraft Heinz

Market Cap: US$30.0b

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

AXIA Energia

Market Cap: R$153.6b

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

Aviva

Market Cap: UK£21.8b

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

TS Financial Holding

Market Cap: NT$941.8b

Provides various financial products and services.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.8b

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

Citizens Financial Group

Market Cap: US$29.4b

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.

Nestlé India

Market Cap: ₹2.8t

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

Gulf Development

Market Cap: ฿959.9b

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

Piotech

Market Cap: CN¥195.4b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥194.8b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Ørsted

Market Cap: DKK 184.4b

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

Banco BPM

Market Cap: €24.4b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Yuanjie Semiconductor Technology

Market Cap: CN¥191.1b

Yuanjie Semiconductor Technology Co., Ltd.

Atmos Energy

Market Cap: US$28.4b

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

ON Semiconductor

Market Cap: US$28.2b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

BT Group

Market Cap: UK£20.4b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Dollar General

Market Cap: US$27.6b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Banco de Crédito del Perú

Market Cap: S/92.6b

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

Labcorp Holdings

Market Cap: US$27.4b

Provides laboratory services.

American Water Works Company

Market Cap: US$27.3b

Through its subsidiaries, provides water and wastewater services in the United States.

China National Nuclear Power

Market Cap: CN¥183.5b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Huaneng Lancang River Hydropower

Market Cap: CN¥181.8b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.