Hungarian Utilities Defensive Blue Chips

PNC Financial Services Group

Market Cap: US$72.5b

Operates as a diversified financial services company in the United States.

Tokio Marine Holdings

Market Cap: JP¥11.1t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Hygon Information Technology

Market Cap: CN¥510.4b

Engages in the research and development of computing chip products and systems in China.

Cigna Group

Market Cap: US$71.6b

Provides insurance and related products and services in the United States.

América Móvil. de

Market Cap: Mex$1.3t

Provides telecommunications services in Latin America and internationally.

Cencora

Market Cap: US$70.8b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Monster Beverage

Market Cap: US$70.3b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Elevance Health

Market Cap: US$70.1b

Operates as a health benefits company in the United States.

SoftBank

Market Cap: JP¥10.7t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

NatWest Group

Market Cap: UK£50.1b

Provides banking and financial products and services in the United Kingdom and internationally.

Wuliangye YibinLtd

Market Cap: CN¥467.3b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

KDDI

Market Cap: JP¥10.1t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Arthur J. Gallagher

Market Cap: US$65.5b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Japan Tobacco

Market Cap: JP¥10.0t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Oversea-Chinese Banking

Market Cap: S$84.0b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.7t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

MediaTek

Market Cap: NT$2.0t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Travelers Companies

Market Cap: US$63.8b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Industrial Bank

Market Cap: CN¥450.8b

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

Bank Central Asia

Market Cap: Rp1047.6t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Saudi National Bank

Market Cap: ر.س230.7b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Federal National Mortgage Association

Market Cap: US$61.2b

Provides financing solutions for residential mortgages in the United States.

China CITIC Bank

Market Cap: CN¥434.7b

Provides various banking products and services in the People’s Republic of China and internationally.

Sempra

Market Cap: US$61.0b

Operates as an energy infrastructure company in the United States and internationally.

Engie

Market Cap: €52.6b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Nordea Bank Abp

Market Cap: €51.9b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Wal-Mart de México. de

Market Cap: Mex$1.1t

Owns and operates self-service stores in Mexico and Central America.

Singapore Telecommunications

Market Cap: S$77.9b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Aflac

Market Cap: US$59.6b

Through its subsidiaries, provides supplemental health and life insurance products.

Assicurazioni Generali

Market Cap: €51.4b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Danone

Market Cap: €51.3b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Saudi Telecom

Market Cap: ر.س219.5b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Truist Financial

Market Cap: US$58.0b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Siemens Healthineers

Market Cap: €49.9b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

ITC

Market Cap: ₹5.1t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Crédit Agricole

Market Cap: €49.4b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.