Finnish Capital Goods Defensive Blue Chips

U.S. Bancorp

Market Cap: US$74.8b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Marvell Technology

Market Cap: US$74.3b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Nu Holdings

Market Cap: US$74.0b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Barclays

Market Cap: UK£53.7b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

ING Groep

Market Cap: €61.7b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

National Grid

Market Cap: UK£53.5b

Engages in the transmission and distribution of electricity and gas.

Federal National Mortgage Association

Market Cap: US$70.9b

Provides financing solutions for residential mortgages in the United States.

SoftBank

Market Cap: JP¥10.2t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

MediaTek

Market Cap: NT$2.1t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Vistra

Market Cap: US$68.4b

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

ANZ Group Holdings

Market Cap: AU$101.9b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Lloyds Banking Group

Market Cap: UK£49.6b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Wuliangye YibinLtd

Market Cap: CN¥471.5b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Monster Beverage

Market Cap: US$65.6b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.7t

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

Travelers Companies

Market Cap: US$64.1b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

América Móvil. de

Market Cap: Mex$1.2t

Provides telecommunications services in Latin America and internationally.

Siemens Healthineers

Market Cap: €53.0b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Saudi National Bank

Market Cap: ر.س229.4b

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

KDDI

Market Cap: JP¥8.9t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Crédit Agricole

Market Cap: €51.6b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Aflac

Market Cap: US$60.1b

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

NatWest Group

Market Cap: UK£44.1b

Provides banking and financial products and services in the United Kingdom and internationally.

Saudi Telecom

Market Cap: ر.س222.7b

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

Japan Tobacco

Market Cap: JP¥8.8t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Industrial Bank

Market Cap: CN¥420.1b

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

Cencora

Market Cap: US$58.7b

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

Truist Financial

Market Cap: US$58.7b

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

Oversea-Chinese Banking

Market Cap: S$75.6b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Assicurazioni Generali

Market Cap: €49.6b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

NXP Semiconductors

Market Cap: US$57.7b

Provides semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

ITC

Market Cap: ₹5.1t

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

Nordea Bank Abp

Market Cap: €48.0b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Bank Central Asia

Market Cap: Rp927.4t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Allstate

Market Cap: US$55.6b

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

Becton Dickinson

Market Cap: US$55.5b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.