French Consumer Services Defensive Blue Chips

Snam

Market Cap: €21.5b

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

American Water Works Company

Market Cap: US$24.5b

Through its subsidiaries, provides water and wastewater services in the United States.

Regions Financial

Market Cap: US$24.4b

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

National Bank of KuwaitK.P

Market Cap: د.ك7.5b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

KeyCorp

Market Cap: US$24.4b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.3b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

New China Life Insurance

Market Cap: CN¥164.4b

Provides life insurance products and services to individuals and institutions in China.

Willis Towers Watson

Market Cap: US$24.1b

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

Entegris

Market Cap: US$24.0b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

First Citizens BancShares

Market Cap: US$24.0b

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.

Dollar General

Market Cap: US$24.0b

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

Telefónica

Market Cap: €20.9b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Terna

Market Cap: €20.8b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥161.5b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Constellation Brands

Market Cap: US$23.8b

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

Principal Financial Group

Market Cap: US$23.7b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

CLP Holdings

Market Cap: HK$184.8b

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

Markel Group

Market Cap: US$23.4b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Public Bank Berhad

Market Cap: RM 96.1b

Provides banking products and services.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥153.5b

Inner Mongolia Yili Industrial Group Co., Ltd.

ASPEED Technology

Market Cap: NT$716.7b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Uniper

Market Cap: €19.7b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Aeon

Market Cap: JP¥3.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Bunge Global

Market Cap: US$22.5b

Operates as an agribusiness and food company worldwide.

Bank Mandiri (Persero)

Market Cap: Rp401.9t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Sigma Healthcare

Market Cap: AU$31.7b

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

NN Group

Market Cap: €19.4b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Coles Group

Market Cap: AU$31.7b

Operates as a retailer in Australia.

Riyad Bank

Market Cap: ر.س83.3b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Loews

Market Cap: US$22.2b

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

Coca-Cola HBC

Market Cap: UK£16.7b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

VERBUND

Market Cap: €19.3b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

JCET Group

Market Cap: CN¥148.6b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Cellnex Telecom

Market Cap: €19.1b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

China Minsheng Banking

Market Cap: CN¥148.2b

Provides banking products and services in the People's Republic of China.