Icelandic Media Defensive Blue Chips

AST SpaceMobile

Market Cap: US$24.7b

Designs and develops the constellation of BlueBird satellites in the United States.

CLP Holdings

Market Cap: HK$193.1b

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

NN Group

Market Cap: €21.3b

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

KeyCorp

Market Cap: US$24.5b

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

Hana Financial Group

Market Cap: ₩34.7t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Grupo Cibest

Market Cap: Col$77.1t

Provides various banking products and services in Colombia and internationally.

Sigma Healthcare

Market Cap: AU$34.3b

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

Brown & Brown

Market Cap: US$24.0b

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

Yuanjie Semiconductor Technology

Market Cap: CN¥161.1b

Yuanjie Semiconductor Technology Co., Ltd.

Loews

Market Cap: US$23.8b

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

Coca-Cola HBC

Market Cap: UK£17.6b

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.

BNP Paribas Fortis

Market Cap: €20.5b

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

VERBUND

Market Cap: €20.4b

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

Unipol Assicurazioni

Market Cap: €20.4b

Provides insurance products and services primarily in Italy.

Winbond Electronics

Market Cap: NT$760.5b

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

Mega Financial Holding

Market Cap: NT$759.5b

Provides various financial services in Taiwan.

Raiffeisen Bank International

Market Cap: €20.2b

Offers banking services to corporate, retail, and institutional customers.

Banco do Brasil

Market Cap: R$119.8b

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

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Markel Group

Market Cap: US$23.3b

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

Terna

Market Cap: €20.2b

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

Aeon

Market Cap: JP¥3.7t

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

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ85.4b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

China Jushi

Market Cap: CN¥155.9b

Manufactures and sells fiberglass and related products in China and internationally.

MTN Group

Market Cap: R374.4b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Coles Group

Market Cap: AU$32.4b

Operates as a retailer in Australia.

STERIS

Market Cap: US$22.7b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Heineken Holding

Market Cap: €19.6b

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

Coca-Cola FEMSA. de

Market Cap: US$22.5b

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

Constellation Brands

Market Cap: US$22.4b

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

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.8b

Provides private health and support services in the Kingdom of Saudi Arabia.

Legal & General Group

Market Cap: UK£16.5b

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

China Tower

Market Cap: HK$174.2b

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

China Minsheng Banking

Market Cap: CN¥149.8b

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

Bank Mandiri (Persero)

Market Cap: Rp393.9t

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

US Foods Holding

Market Cap: US$21.9b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.