Japanese Retail Defensive Blue Chips

Muyuan Foods

Market Cap: CN¥210.0b

Operates in the hog industry in China.

M&T Bank

Market Cap: US$29.1b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Sampo Oyj

Market Cap: €25.5b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Kellanova

Market Cap: US$28.5b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Sompo Holdings

Market Cap: JP¥4.1t

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

Japan Post Holdings

Market Cap: JP¥4.1t

Provides postal, banking, and insurance services in Japan.

Swiss Life Holding

Market Cap: CHF 23.3b

Provides life, pensions, and financial solutions for private and corporate clients.

Naturgy Energy Group

Market Cap: €24.8b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Dai-ichi Life Holdings

Market Cap: JP¥4.1t

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

Malayan Banking Berhad

Market Cap: RM 119.2b

Provides commercial banking and related financial products and services.

Poste Italiane

Market Cap: €24.6b

Provides postal, logistics, and financial and insurance products and services in Italy.

Terumo

Market Cap: JP¥4.0t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Centene

Market Cap: US$27.8b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Bank of Jiangsu

Market Cap: CN¥200.0b

Provides various banking products and services in China.

W. R. Berkley

Market Cap: US$27.8b

An insurance holding company, operates as a commercial line writer worldwide.

ASM International

Market Cap: €24.4b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Humana

Market Cap: US$27.5b

Provides medical and specialty insurance products in the United States.

American Water Works Company

Market Cap: US$27.5b

Through its subsidiaries, provides water and wastewater services in the United States.

KB Financial Group

Market Cap: ₩37.7t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Nestlé India

Market Cap: ₹2.3t

Manufactures and sells food products in India and internationally.

China National Nuclear Power

Market Cap: CN¥197.2b

Invests in, develops, constructs, operates, and manages nuclear power projects in the People's Republic of China.

RWE

Market Cap: €24.1b

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

National Bank of KuwaitK.P

Market Cap: د.ك8.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Fresenius SE KGaA

Market Cap: €23.9b

A health care company, provides products and services for chronically ill patients.

VERBUND

Market Cap: €23.7b

Generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers.

Cellnex Telecom

Market Cap: €23.5b

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.

Svenska Handelsbanken

Market Cap: SEK 255.2b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥191.7b

Inner Mongolia Yili Industrial Group Co., Ltd.

Hang Seng Bank

Market Cap: HK$206.1b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

China Tower

Market Cap: HK$205.6b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Pernod Ricard

Market Cap: €23.0b

Produces and sells wines and spirits worldwide.

Advanced Info Service

Market Cap: ฿853.6b

Operates as a telecommunications and technology company primarily in Thailand.

Disco

Market Cap: JP¥3.8t

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

Aeon

Market Cap: JP¥3.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

SSE

Market Cap: UK£19.2b

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

George Weston

Market Cap: CA$35.6b

Provides food and drug retailing, and financial services in Canada.