French Commercial Services Defensive Blue Chips

Prudential

Market Cap: UK£27.9b

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

Hang Seng Bank

Market Cap: HK$285.6b

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.

Martin Marietta Materials

Market Cap: US$36.7b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

ResMed

Market Cap: US$36.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Swisscom

Market Cap: CHF 29.4b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

GE HealthCare Technologies

Market Cap: US$36.5b

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.

Swedbank

Market Cap: SEK 345.1b

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.

RWE

Market Cap: €31.2b

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

Telstra Group

Market Cap: AU$55.2b

Provides telecommunications and information services in Australia and internationally.

Hannover Rück

Market Cap: €30.9b

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

China Unicom (Hong Kong)

Market Cap: HK$279.1b

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

Sysco

Market Cap: US$35.6b

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.

Consolidated Edison

Market Cap: US$35.3b

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

SSE

Market Cap: UK£26.7b

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

Intact Financial

Market Cap: CA$49.2b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥242.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Imperial Brands

Market Cap: UK£25.8b

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

Credo Technology Group Holding

Market Cap: US$34.0b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 27.2b

Engages in the manufacture and sale of chocolate products worldwide.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.2t

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

Bank Rakyat Indonesia (Persero)

Market Cap: Rp558.7t

Provides various banking products and services in Indonesia and internationally.

Arch Capital Group

Market Cap: US$33.5b

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

Talanx

Market Cap: €28.6b

Provides insurance and reinsurance products and services worldwide.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥234.4b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Seven & i Holdings

Market Cap: JP¥5.2t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

CEZ a. s

Market Cap: Kč684.4b

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

KB Financial Group

Market Cap: ₩47.7t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪105.6b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, 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.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Sun Life Financial

Market Cap: CA$44.9b

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.

Federal Home Loan Mortgage

Market Cap: US$32.1b

Operates in the secondary mortgage market in the United States.

Ping An Bank

Market Cap: CN¥225.9b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Kioxia Holdings

Market Cap: JP¥5.0t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

Power Corporation of Canada

Market Cap: CA$44.6b

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

Fomento Económico Mexicano. de

Market Cap: Mex$582.6b

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