Swiss Utilities Defensive Blue Chips

ING Groep

Market Cap: €58.3b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Canadian Imperial Bank of Commerce

Market Cap: CA$93.4b

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.

Industrial Bank

Market Cap: CN¥484.2b

Provides banking services in the People’s Republic of China.

Wuliangye YibinLtd

Market Cap: CN¥481.1b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

KDDI

Market Cap: JP¥9.9t

Engages in the provision of telecommunications services in Japan and internationally.

Marvell Technology

Market Cap: US$66.7b

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

Nongfu Spring

Market Cap: HK$523.0b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Elevance Health

Market Cap: US$66.2b

Operates as a health benefits company in the United States.

Tokyo Electron

Market Cap: JP¥9.8t

Develops, manufactures, and sells semiconductor production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.7t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Lloyds Banking Group

Market Cap: UK£47.9b

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

Bank Central Asia

Market Cap: Rp1053.8t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Monster Beverage

Market Cap: US$63.2b

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

Semiconductor Manufacturing International

Market Cap: HK$481.0b

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.

ANZ Group Holdings

Market Cap: AU$93.1b

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

Diageo

Market Cap: UK£44.9b

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

Siemens Healthineers

Market Cap: €51.7b

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

Travelers Companies

Market Cap: US$59.6b

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.

Crédit Agricole

Market Cap: €51.2b

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

ITC

Market Cap: ₹5.2t

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

China CITIC Bank

Market Cap: HK$467.3b

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

Nu Holdings

Market Cap: US$59.3b

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

Oversea-Chinese Banking

Market Cap: S$75.9b

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

Assicurazioni Generali

Market Cap: €50.6b

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

Shanghai Pudong Development Bank

Market Cap: CN¥423.1b

Shanghai Pudong Development Bank Co., Ltd.

América Móvil. de

Market Cap: Mex$1.1t

Provides telecommunications services in Latin America and internationally.

Japan Tobacco

Market Cap: JP¥8.5t

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

Saudi National Bank

Market Cap: ر.س214.8b

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

NatWest Group

Market Cap: UK£42.2b

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

Federal National Mortgage Association

Market Cap: US$56.6b

Provides financing solutions for residential mortgages in the United States.

Saudi Telecom

Market Cap: ر.س210.7b

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

Truist Financial

Market Cap: US$55.5b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Becton Dickinson

Market Cap: US$55.5b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Aflac

Market Cap: US$55.4b

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

Cencora

Market Cap: US$55.3b

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

Swiss Re

Market Cap: CHF 44.7b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.