Jordanian Materials Defensive Blue Chips

UltraTech Cement

Market Cap: ₹3.3t

Primarily engages in the manufacture and sale of clinker, cement, and related products in India.

Veeva Systems

Market Cap: US$39.0b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Consolidated Edison

Market Cap: US$38.8b

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

Intact Financial

Market Cap: CA$53.8b

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

Federal National Mortgage Association

Market Cap: US$38.5b

Provides financing solutions for residential mortgages in the United States.

Hannover Rück

Market Cap: €33.9b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥275.4b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

NTPC

Market Cap: ₹3.2t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Koninklijke Ahold Delhaize

Market Cap: €33.7b

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

Orange

Market Cap: €33.6b

Operates as a telecommunications operator in France and internationally.

DNB Bank

Market Cap: NOK 389.1b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥270.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Heidelberg Materials

Market Cap: €33.0b

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

KBC Group

Market Cap: €32.5b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

JAPAN POST BANK

Market Cap: JP¥5.3t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Hartford Insurance Group

Market Cap: US$36.4b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ133.5b

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

Emirates NBD Bank PJSC

Market Cap: د.إ133.0b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

ResMed

Market Cap: US$35.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets.

Vulcan Materials

Market Cap: US$35.5b

Produces and supplies construction aggregates in the United States.

Arch Capital Group

Market Cap: US$35.3b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Cardinal Health

Market Cap: US$35.1b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

Fubon Financial Holding

Market Cap: NT$1.1t

Provides various financial services in Taiwan, Asia, and internationally.

National Bank of Canada

Market Cap: CA$48.7b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp571.0t

Provides various banking products and services in Indonesia and internationally.

Sysco

Market Cap: US$34.7b

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.

Great-West Lifeco

Market Cap: CA$48.3b

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

China Unicom (Hong Kong)

Market Cap: HK$268.3b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Hershey

Market Cap: US$34.5b

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

Fairfax Financial Holdings

Market Cap: CA$47.7b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥248.0b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Constellation Brands

Market Cap: US$34.1b

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

Sun Life Financial

Market Cap: CA$47.4b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Swisscom

Market Cap: CHF 28.2b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥4.9t

An insurance holding company, provides insurance and financial services worldwide.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 28.1b

Engages in the manufacture and sale of chocolate products worldwide.