Ivorian Transportation Defensive Blue Chips

Fubon Financial Holding

Market Cap: NT$1.9t

Provides various financial products and services in Taiwan, Asia, and internationally.

Truist Financial

Market Cap: US$60.0b

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

China CITIC Bank

Market Cap: CN¥404.4b

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

Saudi Telecom

Market Cap: ر.س223.5b

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

National Bank of Canada

Market Cap: CA$83.8b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Aflac

Market Cap: US$59.2b

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

Sempra

Market Cap: US$59.0b

Engages in the regulated utilities business in the United States and Mexico.

Standard Chartered

Market Cap: UK£44.4b

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

ASM International

Market Cap: €51.1b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Target

Market Cap: US$58.1b

Operates as a general merchandise retailer in the United States.

HOYA

Market Cap: JP¥9.2t

A med-tech company, provides high-tech and medical products in the Japan, Asia, the Americas, Europe, and internationally.

Allstate

Market Cap: US$57.1b

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

Disco

Market Cap: JP¥9.1t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Great-West Lifeco

Market Cap: CA$79.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Life Insurance Corporation of India

Market Cap: ₹5.3t

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

Industrial Bank

Market Cap: CN¥377.5b

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

United Microelectronics

Market Cap: NT$1.8t

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Arthur J. Gallagher

Market Cap: US$55.5b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Singapore Telecommunications

Market Cap: S$71.4b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

MetLife

Market Cap: US$55.2b

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

E.ON

Market Cap: €47.9b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

KBC Group

Market Cap: €47.5b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Alimentation Couche-Tard

Market Cap: CA$76.8b

Operates and licenses convenience stores in North America, Europe, and Asia.

Cencora

Market Cap: US$53.9b

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

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ197.1b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Vistra

Market Cap: US$53.6b

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

Holcim

Market Cap: CHF 42.9b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Loblaw Companies

Market Cap: CA$75.0b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Cardinal Health

Market Cap: US$53.0b

Operates as a healthcare services and products company in the United States and internationally.

Samsung Life Insurance

Market Cap: ₩80.3t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Cathay Financial Holding

Market Cap: NT$1.7t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

FBC Holdings

Market Cap: US$6.7b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Emirates NBD Bank PJSC

Market Cap: د.إ190.9b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Orange

Market Cap: €45.0b

Operates as a telecommunications operator in France and internationally.

Erste Group Bank

Market Cap: €45.0b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Wal-Mart de México. de

Market Cap: Mex$892.7b

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