Egyptian Utilities Defensive Blue Chips

Federal Home Loan Mortgage

Market Cap: US$37.2b

Operates in the secondary mortgage market in the United States.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ136.5b

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

Consolidated Edison

Market Cap: US$36.9b

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

FBC Holdings

Market Cap: US$4.8b

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

Hannover Rück

Market Cap: €31.5b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Hang Seng Bank

Market Cap: HK$282.8b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 29.2b

Engages in the manufacture and sale of chocolate products worldwide.

Hartford Insurance Group

Market Cap: US$36.3b

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

Alcon

Market Cap: CHF 28.7b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Telstra Group

Market Cap: AU$54.7b

Provides telecommunications and information services in Australia and internationally.

Danske Bank

Market Cap: DKK 228.1b

Provides various banking products and services to corporate, institutional, and international clients.

China Unicom (Hong Kong)

Market Cap: HK$270.2b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Sun Life Financial

Market Cap: CA$48.3b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Arch Capital Group

Market Cap: US$34.4b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Prudential

Market Cap: UK£25.8b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Endesa

Market Cap: €29.6b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Intact Financial

Market Cap: CA$48.0b

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

Astera Labs

Market Cap: US$34.3b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Swedbank

Market Cap: SEK 324.8b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Talanx

Market Cap: €29.3b

Provides insurance and reinsurance products and services worldwide.

RWE

Market Cap: €29.2b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Humana

Market Cap: US$33.7b

Provides medical and specialty insurance products in the United States.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.1t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Adani Power

Market Cap: ₹3.0t

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.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Ambev

Market Cap: R$184.1b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Imperial Brands

Market Cap: UK£25.0b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp551.2t

Provides various banking products and services in Indonesia and internationally.

CEZ a. s

Market Cap: Kč692.5b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Willis Towers Watson

Market Cap: US$32.9b

Operates as an advisory, broking, and solutions company worldwide.

Microchip Technology

Market Cap: US$32.6b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

GE HealthCare Technologies

Market Cap: US$32.4b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥228.1b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Brown & Brown

Market Cap: US$31.6b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥224.4b

Foshan Haitian Flavouring and Food Company Ltd.