German Insurance Defensive Blue Chips

Japan Post Holdings

Market Cap: JP¥6.7t

Provides postal, banking, and insurance services in Japan.

Consolidated Edison

Market Cap: US$41.1b

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

Power Corporation of Canada

Market Cap: CA$57.9b

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

Keurig Dr Pepper

Market Cap: US$41.0b

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

Banca Monte dei Paschi di Siena

Market Cap: €35.8b

Provides various banking products and services in Italy and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$706.2b

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

GigaDevice Semiconductor

Market Cap: CN¥274.1b

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

Hua Hong Grace Semiconductor

Market Cap: HK$316.6b

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

Sysco

Market Cap: US$40.2b

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.

KB Financial Group

Market Cap: ₩58.6t

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

Archer-Daniels-Midland

Market Cap: US$40.1b

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

Tesco

Market Cap: UK£30.1b

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

Kotak Mahindra Bank

Market Cap: ₹3.8t

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

Swisscom

Market Cap: CHF 32.7b

Provides telecommunication services in Switzerland, Italy, and internationally.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Sompo Holdings

Market Cap: JP¥6.5t

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

Moore Threads Technology

Market Cap: CN¥264.8b

Engages in the development of GPU chips and related products.

ACWA Power

Market Cap: ر.س145.7b

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.

Credo Technology Group Holding

Market Cap: US$38.8b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Fairfax Financial Holdings

Market Cap: CA$54.7b

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.

PG&E

Market Cap: US$38.8b

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.

Telstra Group

Market Cap: AU$55.5b

Provides telecommunications and information services in Australia and internationally.

OTP Bank Nyrt

Market Cap: Ft12.2t

Provides various commercial banking services.

Renesas Electronics

Market Cap: JP¥6.3t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Rocket Companies

Market Cap: US$38.2b

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

SSE

Market Cap: UK£28.7b

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

Hartford Insurance Group

Market Cap: US$38.0b

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

Nanya Technology

Market Cap: NT$1.2t

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

Intact Financial

Market Cap: CA$52.6b

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

ITC

Market Cap: ₹3.6t

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

Montage Technology

Market Cap: CN¥251.8b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ136.0b

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

Vulcan Materials

Market Cap: US$36.9b

Produces and supplies construction aggregates in the United States.

Vodafone Group

Market Cap: UK£27.7b

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

UltraTech Cement

Market Cap: ₹3.5t

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

Hershey

Market Cap: US$36.6b

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