South Korean Automobiles Defensive Blue Chips

China Unicom (Hong Kong)

Market Cap: HK$286.1b

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

Alcon

Market Cap: CHF 29.5b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥260.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Hang Seng Bank

Market Cap: HK$283.9b

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.

Disco

Market Cap: JP¥5.6t

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

Fairfax Financial Holdings

Market Cap: CA$50.7b

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.

Telstra Group

Market Cap: AU$55.2b

Provides telecommunications and information services in Australia and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp599.3t

Provides various banking products and services in Indonesia and internationally.

Danske Bank

Market Cap: DKK 231.3b

Provides various banking products and services to corporate, institutional, and international clients.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 28.7b

Engages in the manufacture and sale of chocolate products worldwide.

RWE

Market Cap: €31.0b

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

Prudential Financial

Market Cap: US$35.6b

Provides insurance, investment management, and other financial products and services in the United States, Japan and internationally.

Sysco

Market Cap: US$35.6b

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.

Prudential

Market Cap: UK£27.1b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Hershey

Market Cap: US$35.5b

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

GE HealthCare Technologies

Market Cap: US$35.3b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Hannover Rück

Market Cap: €30.4b

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

ASE Technology Holding

Market Cap: NT$1.1t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Consolidated Edison

Market Cap: US$35.0b

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

Ambev

Market Cap: R$187.6b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Swedbank

Market Cap: SEK 326.8b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Sun Life Financial

Market Cap: CA$48.1b

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.

Humana

Market Cap: US$34.4b

Provides medical and specialty insurance products in the United States.

Adani Power

Market Cap: ₹3.0t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Hartford Insurance Group

Market Cap: US$34.1b

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

Microchip Technology

Market Cap: US$33.8b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

CEZ a. s

Market Cap: Kč691.9b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Federal Home Loan Mortgage

Market Cap: US$32.9b

Operates in the secondary mortgage market in the United States.

Intact Financial

Market Cap: CA$46.0b

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

Fresenius SE KGaA

Market Cap: €28.4b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥232.4b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Talanx

Market Cap: €27.8b

Provides insurance and reinsurance products and services worldwide.

ASM International

Market Cap: €27.7b

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.

Imperial Brands

Market Cap: UK£24.1b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.