Czech Utilities Defensive Blue Chips

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥290.5b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق156.5b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Nanya Technology

Market Cap: NT$1.4t

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

Power Corporation of Canada

Market Cap: CA$59.7b

An international management and holding company, provides financial services in North America, Europe, and Asia.

KB Financial Group

Market Cap: ₩60.5t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Adani Power

Market Cap: ₹4.0t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Keurig Dr Pepper

Market Cap: US$42.3b

Owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally.

American International Group

Market Cap: US$42.1b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Kotak Mahindra Bank

Market Cap: ₹4.0t

Provides a range of banking and financial services to corporate and individual customers in India.

Moore Threads Technology

Market Cap: CN¥278.8b

Engages in the development of GPU chips and related products.

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

ACWA Power

Market Cap: ر.س154.1b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Banca Monte dei Paschi di Siena

Market Cap: €35.5b

Provides various banking products and services in Italy and internationally.

Japan Post Holdings

Market Cap: JP¥6.4t

Provides postal, banking, and insurance services in Japan.

GigaDevice Semiconductor

Market Cap: CN¥271.6b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

Tesco

Market Cap: UK£29.8b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

OTP Bank Nyrt

Market Cap: Ft12.5t

Provides various commercial banking services.

Consolidated Edison

Market Cap: US$40.0b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Rocket Companies

Market Cap: US$39.9b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Swisscom

Market Cap: CHF 32.2b

Provides telecommunication services in Switzerland, Italy, and internationally.

Sysco

Market Cap: US$39.6b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Sompo Holdings

Market Cap: JP¥6.2t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Hua Hong Grace Semiconductor

Market Cap: HK$307.8b

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

Telstra Group

Market Cap: AU$55.4b

Provides telecommunications and information services in Australia and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$666.4b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ141.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Archer-Daniels-Midland

Market Cap: US$38.5b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Hartford Insurance Group

Market Cap: US$38.5b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

PG&E

Market Cap: US$38.4b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

SSE

Market Cap: UK£28.4b

Engages in the generation, transmission, distribution, and supply of electricity.

Montage Technology

Market Cap: CN¥258.0b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

ITC

Market Cap: ₹3.6t

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

UltraTech Cement

Market Cap: ₹3.6t

Engages in the manufacturing, marketing, and distribution of building materials in India and internationally.

ABN AMRO Bank

Market Cap: €32.5b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Samsung Life Insurance

Market Cap: ₩52.8t

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

Vulcan Materials

Market Cap: US$36.9b

Produces and supplies construction aggregates in the United States.