Swiss Consumer Retailing Defensive Blue Chips

Vodafone Group

Market Cap: UK£27.1b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Hua Hong Grace Semiconductor

Market Cap: HK$283.1b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

M&T Bank

Market Cap: US$35.8b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Hershey

Market Cap: US$35.6b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Kroger

Market Cap: US$35.4b

Operates as a food and drug retailer in the United States.

Vulcan Materials

Market Cap: US$35.1b

Produces and supplies construction aggregates in the United States.

Intact Financial

Market Cap: CA$49.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪106.8b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Koninklijke Ahold Delhaize

Market Cap: €30.2b

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

Hannover Rück

Market Cap: €30.2b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

CEZ a. s

Market Cap: Kč726.3b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Nanya Technology

Market Cap: NT$1.1t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Huntington Bancshares

Market Cap: US$34.5b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Hon. Precision

Market Cap: NT$1.1t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Arch Capital Group

Market Cap: US$34.3b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Talanx

Market Cap: €29.8b

Provides insurance and reinsurance products and services worldwide.

SJ Semiconductor

Market Cap: CN¥228.9b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

BPER Banca

Market Cap: €29.3b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Fairfax Financial Holdings

Market Cap: CA$47.1b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Ping An Bank

Market Cap: CN¥225.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Alcon

Market Cap: CHF 27.0b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Federal National Mortgage Association

Market Cap: US$33.2b

Provides financing solutions for residential mortgages in the United States.

Shinhan Financial Group

Market Cap: ₩47.8t

Provides financial products and services in South Korea, Vietnam, and Japan.

Capitec Bank Holdings

Market Cap: R546.1b

Through its subsidiaries, provides various banking products and services in South Africa.

Swiss Life Holding

Market Cap: CHF 26.7b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥221.5b

Foshan Haitian Flavouring and Food Company Ltd.

Veeva Systems

Market Cap: US$32.7b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Muyuan Foods Group

Market Cap: CN¥220.6b

Operates as a pork company in the hog farming industry in China.

ON Semiconductor

Market Cap: US$32.6b

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

Heidelberg Materials

Market Cap: €28.2b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Martin Marietta Materials

Market Cap: US$32.4b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Standard Bank Group

Market Cap: R534.3b

Provides financial products and services in South Africa and internationally.

Malayan Banking Berhad

Market Cap: RM 131.8b

Provides commercial banking and related financial products and services.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ118.4b

Provides banking products and services in the United Arab Emirates and internationally.