Swiss Household Defensive Blue Chips

China Merchants Bank

Market Cap: CN¥1.1t

Provides various banking products and services.

Boston Scientific

Market Cap: US$159.4b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Allianz

Market Cap: €131.7b

Provides property-casualty insurance, life/health insurance, and asset management products and services Internationally.

Stryker

Market Cap: US$153.2b

Operates as a medical technology company.

Applied Materials

Market Cap: US$150.1b

Engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.

Progressive

Market Cap: US$145.1b

Operates as an insurance company in the United States.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

Anheuser-Busch InBev

Market Cap: €118.5b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Ping An Insurance (Group) Company of China

Market Cap: CN¥989.1b

Ping An Insurance (Group) Company of China, Ltd.

Delta

Market Cap: US$17.4b

Manufactures and distributes cold beverages in Zimbabwe.

Bharti Airtel

Market Cap: ₹11.6t

Operates as a telecommunications company in India and internationally.

EssilorLuxottica Société anonyme

Market Cap: €114.0b

Designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

SK hynix

Market Cap: ₩183.6t

Engages in the manufacture, distribution, and sale of semiconductor products in Korea, China, rest of Asia, the United States, and Europe.

Banco Santander

Market Cap: €112.7b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Toronto-Dominion Bank

Market Cap: CA$176.5b

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

Lam Research

Market Cap: US$124.2b

Designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.

Micron Technology

Market Cap: US$122.9b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

ICICI Bank

Market Cap: ₹10.5t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

KLA

Market Cap: US$118.6b

Engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.

Medtronic

Market Cap: US$117.9b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

British American Tobacco

Market Cap: UK£85.6b

Provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.

Analog Devices

Market Cap: US$113.2b

Engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia.

UniCredit

Market Cap: €95.4b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

DBS Group Holdings

Market Cap: S$139.2b

Provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

Iberdrola

Market Cap: €92.3b

Engages in the generation, production, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia.

AXA

Market Cap: €91.8b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Chubb

Market Cap: US$107.7b

Provides insurance and reinsurance products worldwide.

Intesa Sanpaolo

Market Cap: €90.1b

Provides various financial products and services primarily in Italy.

Sumitomo Mitsui Financial Group

Market Cap: JP¥15.4t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

BNP Paribas

Market Cap: €88.1b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Marsh & McLennan Companies

Market Cap: US$103.1b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ376.7b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

Al Rajhi Banking and Investment

Market Cap: ر.س381.2b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

Constellation Energy

Market Cap: US$101.5b

Produces and sells energy products and services in the United States.

Altria Group

Market Cap: US$100.7b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Zurich Insurance Group

Market Cap: CHF 79.5b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.