Japanese Retail Defensive Blue Chips

Life Insurance Corporation of India

Market Cap: ₹5.4t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

ING Groep

Market Cap: €55.9b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

CRH

Market Cap: US$63.5b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Holcim

Market Cap: CHF 51.8b

Provides building materials and solutions worldwide.

Federal National Mortgage Association

Market Cap: US$63.1b

Provides financing solutions for residential mortgages in the United States.

Lloyds Banking Group

Market Cap: UK£46.5b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Barclays

Market Cap: UK£45.9b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Monster Beverage

Market Cap: US$61.8b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Travelers Companies

Market Cap: US$61.4b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Diageo

Market Cap: UK£44.9b

Engages in the production, marketing, and sale of alcoholic beverages.

CaixaBank

Market Cap: €52.9b

Provides various banking products and financial services in Spain and internationally.

Wal-Mart de México. de

Market Cap: Mex$1.1t

Owns and operates self-service stores in Mexico and Central America.

Crédit Agricole

Market Cap: €52.1b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Siemens Healthineers

Market Cap: €51.9b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Nu Holdings

Market Cap: US$57.8b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

NatWest Group

Market Cap: UK£42.2b

Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.

Oversea-Chinese Banking

Market Cap: S$73.3b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Assicurazioni Generali

Market Cap: €49.9b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Cencora

Market Cap: US$56.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Saudi Telecom

Market Cap: ر.س212.4b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Saudi National Bank

Market Cap: ر.س211.1b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

ANZ Group Holdings

Market Cap: AU$86.3b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

China CITIC Bank

Market Cap: HK$436.6b

Provides various banking products and services in the People’s Republic of China and internationally.

Aflac

Market Cap: US$55.4b

Through its subsidiaries, provides supplemental health and life insurance products.

Japan Tobacco

Market Cap: JP¥7.9t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Danone

Market Cap: €48.7b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Barito Renewables Energy

Market Cap: Rp889.7t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Semiconductor Manufacturing International

Market Cap: HK$430.8b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Allstate

Market Cap: US$53.8b

Provides property and casualty, and other insurance products in the United States and Canada.

Vistra

Market Cap: US$53.7b

Operates as an integrated retail electricity and power generation company in the United States.

Manulife Financial

Market Cap: CA$73.4b

Provides financial products and services in the United States, Canada, Asia, and internationally.

ACWA Power

Market Cap: ر.س199.4b

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.

América Móvil. de

Market Cap: Mex$1.0t

Provides telecommunications services in Latin America and internationally.

Nongfu Spring

Market Cap: HK$411.6b

Researches, develops, produces, and markets packaged drinking water and beverage products primarily in Mainland China.

Marvell Technology

Market Cap: US$52.4b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Swiss Re

Market Cap: CHF 42.9b

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