Finnish Consumer Durables Defensive Blue Chips

Japan Post Holdings

Market Cap: JP¥6.8t

Provides postal, banking, and insurance services in Japan.

Power Corporation of Canada

Market Cap: CA$58.3b

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

Consolidated Edison

Market Cap: US$41.3b

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

Microchip Technology

Market Cap: US$41.1b

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

Sysco

Market Cap: US$40.7b

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.

Kotak Mahindra Bank

Market Cap: ₹3.9t

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

Swisscom

Market Cap: CHF 33.0b

Provides telecommunication services in Switzerland, Italy, and internationally.

ASM International

Market Cap: €35.3b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India 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.

Sompo Holdings

Market Cap: JP¥6.6t

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

Banca Monte dei Paschi di Siena

Market Cap: €35.1b

Provides various banking products and services in Italy and internationally.

Fairfax Financial Holdings

Market Cap: CA$56.0b

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.

United Microelectronics

Market Cap: NT$1.3t

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

Rocket Companies

Market Cap: US$39.6b

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

Hua Hong Grace Semiconductor

Market Cap: HK$309.6b

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

Moore Threads Technology

Market Cap: CN¥265.3b

Engages in the development of GPU chips and related products.

PG&E

Market Cap: US$39.2b

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.

KB Financial Group

Market Cap: ₩56.8t

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

Fomento Económico Mexicano. de

Market Cap: Mex$682.2b

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

Telstra Group

Market Cap: AU$56.1b

Provides telecommunications and information services in Australia and internationally.

Hartford Insurance Group

Market Cap: US$38.8b

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

OTP Bank Nyrt

Market Cap: Ft12.3t

Provides various commercial banking services.

ACWA Power

Market Cap: ر.س144.1b

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.

Intact Financial

Market Cap: CA$53.8b

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

GigaDevice Semiconductor

Market Cap: CN¥255.9b

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

Vodafone Group

Market Cap: UK£28.1b

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

ITC

Market Cap: ₹3.6t

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

Vulcan Materials

Market Cap: US$37.4b

Produces and supplies construction aggregates in the United States.

SSE

Market Cap: UK£28.0b

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

Montage Technology

Market Cap: CN¥252.9b

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

Hershey

Market Cap: US$37.2b

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

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.

UltraTech Cement

Market Cap: ₹3.5t

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

M&T Bank

Market Cap: US$36.6b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Prudential

Market Cap: UK£27.3b

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