French Semiconductors Defensive Blue Chips

Kellanova

Market Cap: US$28.6b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Prudential

Market Cap: UK£21.6b

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

M&T Bank

Market Cap: US$28.4b

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.

CEZ a. s

Market Cap: Kč639.3b

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

Swiss Life Holding

Market Cap: CHF 24.0b

Provides life, pensions, and financial solutions for private and corporate clients.

Japan Post Holdings

Market Cap: JP¥4.2t

Provides postal, banking, and insurance services in Japan.

Swedbank

Market Cap: SEK 276.0b

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.

Telefónica

Market Cap: €25.3b

Provides telecommunications services in Europe and Latin America.

Malayan Banking Berhad

Market Cap: RM 119.5b

Provides commercial banking and related financial products and services.

Sampo Oyj

Market Cap: €25.0b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Terumo

Market Cap: JP¥4.1t

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

Naturgy Energy Group

Market Cap: €24.8b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Advanced Info Service

Market Cap: ฿901.2b

Operates as a telecommunications and technology company primarily in Thailand.

National Bank of KuwaitK.P

Market Cap: د.ك8.4b

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.

Bank Mandiri (Persero)

Market Cap: Rp445.2t

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

Nestlé India

Market Cap: ₹2.3t

Manufactures and sells food products in India and internationally.

Bank of Jiangsu

Market Cap: CN¥194.9b

Provides various banking products and services in China.

Cathay Financial Holding

Market Cap: NT$822.9b

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Pernod Ricard

Market Cap: €24.3b

Produces and sells wines and spirits worldwide.

Fresenius SE KGaA

Market Cap: €24.3b

A health care company, provides products and services for chronically ill patients.

Hang Seng Bank

Market Cap: HK$209.3b

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.

China National Nuclear Power

Market Cap: CN¥193.3b

Invests in, develops, constructs, operates, and manages nuclear power projects in the People's Republic of China.

Dai-ichi Life Holdings

Market Cap: JP¥4.0t

Through its subsidiaries, engages in the provision of insurance products in Japan, the United States, and internationally.

RWE

Market Cap: €24.0b

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

Poste Italiane

Market Cap: €23.8b

Provides postal, logistics, and financial and insurance products and services in Italy.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥189.3b

Inner Mongolia Yili Industrial Group Co., Ltd.

China Tower

Market Cap: HK$204.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Cellnex Telecom

Market Cap: €23.6b

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

Luzhou LaojiaoLtd

Market Cap: CN¥186.3b

Provides liquor products in China.

Veolia Environnement

Market Cap: €23.3b

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

Svenska Handelsbanken

Market Cap: SEK 251.7b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł97.9b

Provides various banking products and services in Poland and internationally.

Woolworths Group

Market Cap: AU$40.0b

Operates retail stores in Australia and New Zealand.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س95.4b

Provides private health and ancillary services.

Aeon

Market Cap: JP¥3.8t

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

Atmos Energy

Market Cap: US$25.4b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.