Danish Utilities Defensive Blue Chips

Saudi National Bank

Market Cap: ر.س229.7b

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

Sempra

Market Cap: US$60.8b

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

United Microelectronics

Market Cap: NT$1.9t

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

Teradyne

Market Cap: US$59.4b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

STMicroelectronics

Market Cap: €51.8b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Alimentation Couche-Tard

Market Cap: CA$83.5b

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

MetLife

Market Cap: US$58.2b

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

BOC Hong Kong (Holdings)

Market Cap: HK$456.3b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Cencora

Market Cap: US$58.1b

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

Great-West Lifeco

Market Cap: CA$82.4b

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: ₹5.5t

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

Saudi Telecom

Market Cap: ر.س217.6b

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

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥393.6b

Advanced Micro-Fabrication Equipment Inc.

Nongfu Spring

Market Cap: HK$451.9b

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

Target

Market Cap: US$57.3b

Operates as a general merchandise retailer in the United States.

E.ON

Market Cap: €49.8b

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

Cardinal Health

Market Cap: US$55.6b

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

China CITIC Bank

Market Cap: CN¥376.9b

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

Singapore Telecommunications

Market Cap: S$71.6b

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

Edwards Lifesciences

Market Cap: US$54.8b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

KBC Group

Market Cap: €48.0b

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

SJ Semiconductor

Market Cap: CN¥368.1b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Danone

Market Cap: €47.4b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Fubon Financial Holding

Market Cap: NT$1.7t

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

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ196.9b

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

United Overseas Bank

Market Cap: S$68.8b

Provides banking products and services worldwide.

Emirates NBD Bank PJSC

Market Cap: د.إ195.7b

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

Industrial Bank

Market Cap: CN¥361.2b

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

Renesas Electronics

Market Cap: JP¥8.6t

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

Vistra

Market Cap: US$53.0b

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

HOYA

Market Cap: JP¥8.6t

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

Fifth Third Bancorp

Market Cap: US$52.5b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Erste Group Bank

Market Cap: €46.0b

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

Entergy

Market Cap: US$52.1b

Engages in the production and retail distribution of electricity in the United States.

Holcim

Market Cap: CHF 42.0b

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

Loblaw Companies

Market Cap: CA$71.6b

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.