Croatian Consumer Durables Defensive Blue Chips

NTPC

Market Cap: ₹3.3t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Ambev

Market Cap: R$222.3b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Orange

Market Cap: €34.1b

Operates as a telecommunications operator in France and internationally.

Veeva Systems

Market Cap: US$38.6b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

IDEXX Laboratories

Market Cap: US$38.2b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Koninklijke Ahold Delhaize

Market Cap: €33.4b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

DNB Bank

Market Cap: NOK 387.4b

Provides financial services to individuals and businesses in Norway and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ136.8b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Federal National Mortgage Association

Market Cap: US$37.0b

Provides financing solutions for residential mortgages in the United States.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥266.4b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Heidelberg Materials

Market Cap: €32.3b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

China Pacific Insurance (Group)

Market Cap: CN¥264.0b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Cardinal Health

Market Cap: US$36.3b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

KBC Group

Market Cap: €31.7b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ131.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Hartford Insurance Group

Market Cap: US$35.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Vulcan Materials

Market Cap: US$35.7b

Produces and supplies construction aggregates in the United States.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp584.5t

Provides various banking products and services in Indonesia and internationally.

JAPAN POST BANK

Market Cap: JP¥5.1t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Great-West Lifeco

Market Cap: CA$48.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

ResMed

Market Cap: US$35.3b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets.

Fubon Financial Holding

Market Cap: NT$1.1t

Provides various financial services in Taiwan, Asia, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$271.7b

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

National Bank of Canada

Market Cap: CA$47.9b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Swisscom

Market Cap: CHF 28.5b

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

Arch Capital Group

Market Cap: US$34.6b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥249.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 28.2b

Engages in the manufacture and sale of chocolate products worldwide.

Sysco

Market Cap: US$34.2b

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.

Sun Life Financial

Market Cap: CA$47.1b

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.

MS&AD Insurance Group Holdings

Market Cap: JP¥4.9t

An insurance holding company, provides insurance and financial services worldwide.

Fairfax Financial Holdings

Market Cap: CA$47.0b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Imperial Brands

Market Cap: UK£25.3b

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

Kraft Heinz

Market Cap: US$33.8b

Manufactures and markets food and beverage products in North America and internationally.

NAURA Technology Group

Market Cap: CN¥244.4b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Hershey

Market Cap: US$33.8b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.