Italian Consumer Retailing 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.

Credo Technology Group Holding

Market Cap: US$42.3b

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.

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.

Axis Bank

Market Cap: ₹4.1t

Provides various financial products and services in India and internationally.

Cerebras Systems

Market Cap: US$41.7b

Operates as an artificial intelligence infrastructure company.

China Pacific Insurance (Group)

Market Cap: CN¥281.1b

Provides insurance products to in the People’s Republic of China.

Rocket Companies

Market Cap: US$41.3b

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

Keurig Dr Pepper

Market Cap: US$41.2b

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

Daiichi Life Group

Market Cap: JP¥6.6t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.6t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

American International Group

Market Cap: US$40.7b

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

Consolidated Edison

Market Cap: US$40.7b

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

Power Corporation of Canada

Market Cap: CA$57.0b

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

PICC Property and Casualty

Market Cap: HK$317.4b

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

Japan Post Holdings

Market Cap: JP¥6.5t

Provides postal, banking, and insurance services in Japan.

Samsung Life Insurance

Market Cap: ₩59.4t

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

Tesco

Market Cap: UK£29.8b

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

Swisscom

Market Cap: CHF 32.4b

Provides telecommunication services in Switzerland, Italy, and internationally.

Archer-Daniels-Midland

Market Cap: US$39.7b

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

Fomento Económico Mexicano. de

Market Cap: Mex$690.1b

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

Banca Monte dei Paschi di Siena

Market Cap: €34.6b

Provides various banking products and services in Italy and internationally.

SSE

Market Cap: UK£29.3b

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

Kotak Mahindra Bank

Market Cap: ₹3.8t

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

Sysco

Market Cap: US$38.6b

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.

PG&E

Market Cap: US$38.6b

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.

Telstra Group

Market Cap: AU$54.4b

Provides telecommunications and information services in Australia and internationally.

Montage Technology

Market Cap: CN¥257.6b

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

OTP Bank Nyrt

Market Cap: Ft12.0t

Provides various commercial banking services.

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.

Vulcan Materials

Market Cap: US$37.5b

Produces and supplies construction aggregates in the United States.

ACWA Power

Market Cap: ر.س140.8b

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.

Hon. Precision

Market Cap: NT$1.2t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Intact Financial

Market Cap: CA$52.1b

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.إ135.5b

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

Hartford Insurance Group

Market Cap: US$36.9b

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

Huntington Bancshares

Market Cap: US$36.7b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.