Icelandic Tech Defensive Blue Chips

Wuliangye YibinLtd

Market Cap: CN¥286.9b

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

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

Market Cap: ر.ق154.2b

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

Japan Post Holdings

Market Cap: JP¥6.9t

Provides postal, banking, and insurance services in Japan.

Moore Threads Technology

Market Cap: CN¥284.3b

Engages in the development of GPU chips and related products.

American International Group

Market Cap: US$41.9b

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

Nanya Technology

Market Cap: NT$1.4t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Consolidated Edison

Market Cap: US$41.6b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

KB Financial Group

Market Cap: ₩61.2t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Disco

Market Cap: JP¥6.8t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Archer-Daniels-Midland

Market Cap: US$41.4b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Montage Technology

Market Cap: CN¥279.0b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Power Corporation of Canada

Market Cap: CA$58.0b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Keurig Dr Pepper

Market Cap: US$40.4b

Owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €35.3b

Provides various banking products and services in Italy and internationally.

Kotak Mahindra Bank

Market Cap: ₹3.8t

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

Tesco

Market Cap: UK£29.9b

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

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Credo Technology Group Holding

Market Cap: US$39.7b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Sysco

Market Cap: US$39.7b

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.

Swisscom

Market Cap: CHF 32.2b

Provides telecommunication services in Switzerland, Italy, and internationally.

Sompo Holdings

Market Cap: JP¥6.5t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$688.3b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

ACWA Power

Market Cap: ر.س147.6b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

PG&E

Market Cap: US$39.3b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

SJ Semiconductor

Market Cap: CN¥265.4b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

SSE

Market Cap: UK£29.2b

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

Telstra Group

Market Cap: AU$54.6b

Provides telecommunications and information services in Australia and internationally.

OTP Bank Nyrt

Market Cap: Ft12.1t

Provides various commercial banking services.

Hartford Insurance Group

Market Cap: US$38.1b

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

Samsung Life Insurance

Market Cap: ₩55.9t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Fairfax Financial Holdings

Market Cap: CA$53.2b

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

ITC

Market Cap: ₹3.6t

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

Rocket Companies

Market Cap: US$36.9b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Intact Financial

Market Cap: CA$51.8b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ134.5b

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

UltraTech Cement

Market Cap: ₹3.5t

Engages in the manufacturing, marketing, and distribution of building materials in India and internationally.