French Transportation Defensive Blue Chips

Coca-Cola HBC

Market Cap: UK£18.1b

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.

Dollar Tree

Market Cap: US$24.4b

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

Principal Financial Group

Market Cap: US$24.4b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥164.6b

Inner Mongolia Yili Industrial Group Co., Ltd.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp430.6t

Provides various banking products and services in Indonesia and internationally.

Markel Group

Market Cap: US$24.1b

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

First Solar

Market Cap: US$24.1b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

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.

Winbond Electronics

Market Cap: NT$774.0b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

First Citizens BancShares

Market Cap: US$23.8b

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.

BNP Paribas Fortis

Market Cap: €20.7b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Sigma Healthcare

Market Cap: AU$33.8b

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

Snam

Market Cap: €20.5b

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

NN Group

Market Cap: €20.5b

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

Aeon

Market Cap: JP¥3.8t

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

VERBUND

Market Cap: €20.3b

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

Banco do Brasil

Market Cap: R$118.5b

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

Telefónica

Market Cap: €20.3b

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

Loews

Market Cap: US$23.2b

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

Terna

Market Cap: €20.2b

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

ACM Research (Shanghai)

Market Cap: CN¥155.5b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Brown & Brown

Market Cap: US$22.7b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Suzhou Centec Communications

Market Cap: CN¥153.1b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

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.

Technoprobe

Market Cap: €19.7b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Constellation Brands

Market Cap: US$22.5b

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

Bunge Global

Market Cap: US$22.5b

Operates as an agribusiness and food company worldwide.

MACOM Technology Solutions Holdings

Market Cap: US$22.4b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Quest Diagnostics

Market Cap: US$22.3b

Provides diagnostic testing and services in the United States.

Labcorp Holdings

Market Cap: US$22.3b

Provides laboratory services.

Telefônica Brasil

Market Cap: R$113.3b

Operates as a mobile telecommunications company in Brazil.

JCET Group

Market Cap: CN¥148.9b

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

SCREEN Holdings

Market Cap: JP¥3.5t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Riyad Bank

Market Cap: ر.س82.1b

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

Heineken Holding

Market Cap: €19.1b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Legal & General Group

Market Cap: UK£16.2b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.