Icelandic Tech Defensive Blue Chips

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ182.5b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Swiss Re

Market Cap: CHF 38.1b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

ASE Technology Holding

Market Cap: NT$1.5t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Erste Group Bank

Market Cap: €41.4b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق176.9b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Ambev

Market Cap: R$250.3b

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

Shanghai Pudong Development Bank

Market Cap: CN¥329.4b

Shanghai Pudong Development Bank Co., Ltd.

Coca-Cola Europacific Partners

Market Cap: €40.2b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Swisscom

Market Cap: CHF 36.4b

Provides telecommunication services in Switzerland, Italy, and internationally.

PICC Property and Casualty

Market Cap: HK$367.2b

Engages in property and casualty insurance business in People’s Republic of China.

Axis Bank

Market Cap: ₹4.3t

Provides various financial products and services in India and internationally.

DNB Bank

Market Cap: NOK 444.3b

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

Federal National Mortgage Association

Market Cap: US$46.5b

Provides financing solutions for residential mortgages in the United States.

Edwards Lifesciences

Market Cap: US$46.3b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Kotak Mahindra Bank

Market Cap: ₹4.2t

Provides a range of banking and financial services to corporate and individual customers in India.

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.9b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

ITC

Market Cap: ₹4.1t

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

Hershey

Market Cap: US$45.0b

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

Commerzbank

Market Cap: €37.7b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Danske Bank

Market Cap: DKK 279.9b

Provides various banking products and services to corporate, institutional, and international clients.

RWE

Market Cap: €36.9b

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

Swedbank

Market Cap: SEK 391.4b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Sysco

Market Cap: US$43.2b

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.

American International Group

Market Cap: US$43.2b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Heidelberg Materials

Market Cap: €36.3b

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

Skandinaviska Enskilda Banken

Market Cap: SEK 384.6b

Provides corporate, retail, investment, and private banking services.

Tesco

Market Cap: UK£31.4b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

SSE

Market Cap: UK£31.4b

Engages in the generation, transmission, distribution, and supply of electricity.

Great-West Lifeco

Market Cap: CA$57.7b

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

Microchip Technology

Market Cap: US$42.1b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Kroger

Market Cap: US$42.0b

Operates as a food and drug retailer in the United States.

Koninklijke Ahold Delhaize

Market Cap: €35.5b

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

Martin Marietta Materials

Market Cap: US$41.4b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

UltraTech Cement

Market Cap: ₹3.8t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ151.5b

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