Brazilian Consumer Services Defensive Blue Chips

Holcim

Market Cap: CHF 52.1b

Provides building materials and solutions worldwide.

Canadian Imperial Bank of Commerce

Market Cap: CA$86.8b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Barclays

Market Cap: UK£46.4b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Lloyds Banking Group

Market Cap: UK£45.8b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

CaixaBank

Market Cap: €53.9b

Provides various banking products and financial services in Spain and internationally.

Monster Beverage

Market Cap: US$61.6b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Travelers Companies

Market Cap: US$61.6b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

CRH

Market Cap: US$61.3b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

ITC

Market Cap: ₹5.2t

Engages in the fast-moving consumer goods, hotels, paperboards and paper and packaging, agri, and information technology businesses in India and internationally.

China CITIC Bank

Market Cap: HK$466.1b

Provides various banking products and services in the People’s Republic of China and internationally.

Siemens Healthineers

Market Cap: €51.9b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Wal-Mart de México. de

Market Cap: Mex$1.1t

Owns and operates self-service stores in Mexico and Central America.

Diageo

Market Cap: UK£43.4b

Engages in the production, marketing, and sale of alcoholic beverages.

Vistra

Market Cap: US$58.6b

Operates as an integrated retail electricity and power generation company in the United States.

Nu Holdings

Market Cap: US$57.6b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

NatWest Group

Market Cap: UK£42.2b

Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.

ANZ Group Holdings

Market Cap: AU$87.9b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Saudi Telecom

Market Cap: ر.س214.4b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Marvell Technology

Market Cap: US$57.2b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Oversea-Chinese Banking

Market Cap: S$73.0b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Crédit Agricole

Market Cap: €49.1b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Cencora

Market Cap: US$56.0b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Assicurazioni Generali

Market Cap: €49.0b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Nongfu Spring

Market Cap: HK$438.0b

Researches, develops, produces, and markets packaged drinking water and beverage products primarily in Mainland China.

Semiconductor Manufacturing International

Market Cap: HK$436.6b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Aflac

Market Cap: US$55.6b

Through its subsidiaries, provides supplemental health and life insurance products.

Danone

Market Cap: €48.0b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Manulife Financial

Market Cap: CA$74.9b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Allstate

Market Cap: US$54.8b

Provides property and casualty, and other insurance products in the United States and Canada.

Saudi National Bank

Market Cap: ر.س203.7b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Hapvida Participações e Investimentos

Market Cap: R$300.5b

Operates in the health sector in Brazil.

Engie

Market Cap: €46.8b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Infineon Technologies

Market Cap: €46.4b

Engages in the design, development, manufacture, and marketing of semiconductors and semiconductor-based solutions worldwide.

NXP Semiconductors

Market Cap: US$53.1b

Offers various semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Japan Tobacco

Market Cap: JP¥7.6t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

MetLife

Market Cap: US$52.9b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.