French Commercial Services Defensive Blue Chips

Huaneng Lancang River Hydropower

Market Cap: CN¥177.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Veolia Environnement

Market Cap: €21.3b

Designs and provides water, waste, and energy management solutions.

BPER Banca

Market Cap: €20.8b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Astera Labs

Market Cap: US$24.1b

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

China United Network Communications

Market Cap: CN¥170.4b

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

Dollar General

Market Cap: US$24.1b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Constellation Brands

Market Cap: US$24.0b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Banco do Brasil

Market Cap: R$127.1b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Telefónica

Market Cap: €20.5b

Provides telecommunications services in Europe and Latin America.

Woolworths Group

Market Cap: AU$35.9b

Operates retail stores in Australia and New Zealand.

Citizens Financial Group

Market Cap: US$23.4b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

First Citizens BancShares

Market Cap: US$23.4b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Resona Holdings

Market Cap: JP¥3.6t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

BT Group

Market Cap: UK£17.5b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥162.5b

Advanced Micro-Fabrication Equipment Inc.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س85.1b

Provides private health and ancillary services.

Terumo

Market Cap: JP¥3.5t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥159.4b

Engages in the agriculture and food processing businesses in China.

Pernod Ricard

Market Cap: €19.4b

Produces and sells wines and spirits worldwide.

Snam

Market Cap: €19.3b

Engages in the operation of natural gas transport and storage infrastructure.

Regions Financial

Market Cap: US$22.3b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

Labcorp Holdings

Market Cap: US$22.0b

Provides laboratory services.

AIB Group

Market Cap: €19.0b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

CLP Holdings

Market Cap: HK$171.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Dollar Tree

Market Cap: US$22.0b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Loews

Market Cap: US$22.0b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Ajinomoto

Market Cap: JP¥3.4t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Insulet

Market Cap: US$21.7b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Banco BPM

Market Cap: €18.7b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Sigma Healthcare

Market Cap: AU$32.7b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Terna

Market Cap: €18.3b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp352.7t

Provides information and communications technology, and telecommunications network services worldwide.

Telefônica Brasil

Market Cap: R$112.5b

Operates as a mobile telecommunications company in Brazil.

Renesas Electronics

Market Cap: JP¥3.3t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Casey's General Stores

Market Cap: US$21.1b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.