Lithuanian Commercial Services Defensive Blue Chips

Vodafone Group

Market Cap: UK£20.8b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

SSE

Market Cap: UK£20.8b

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

VERBUND

Market Cap: €23.5b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

CGN Power

Market Cap: HK$209.7b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Brown & Brown

Market Cap: US$27.0b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Bank of Ningbo

Market Cap: CN¥192.1b

Provides various personal and business banking products and services in the People's Republic of China.

Aviva

Market Cap: UK£20.6b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Bank Hapoalim B.M

Market Cap: ₪87.2b

Provides various banking and financial services in Israel and internationally.

Bank Mandiri (Persero)

Market Cap: Rp445.2t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Sompo Holdings

Market Cap: JP¥4.1t

Provides property and casualty insurance services in Japan and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$495.0b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Koninklijke Philips

Market Cap: €23.2b

Operates as a health technology company in North America, the Greater China, and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €23.1b

Provides retail and commercial banking services in Italy.

Japan Post Holdings

Market Cap: JP¥4.1t

Provides postal, banking, and insurance services in Japan.

China National Nuclear Power

Market Cap: CN¥187.2b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Capitec Bank Holdings

Market Cap: R455.5b

Through its subsidiaries, provides various banking products and services in South Africa.

Svenska Handelsbanken

Market Cap: SEK 250.0b

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

OTP Bank Nyrt

Market Cap: Ft8.8t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

AST SpaceMobile

Market Cap: US$25.9b

Designs and develops the constellation of BlueBird satellites in the United States.

New China Life Insurance

Market Cap: CN¥184.1b

Provides life insurance products and services to individuals and institutions in China.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥183.2b

Advanced Micro-Fabrication Equipment Inc.

Huaneng Lancang River Hydropower

Market Cap: CN¥181.7b

Engages in the development, construction, operation, and management of hydropower projects.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł94.4b

Provides various banking products and services in Poland and internationally.

Shinhan Financial Group

Market Cap: ₩36.6t

Provides financial products and services in South Korea and internationally.

China Tower

Market Cap: HK$197.0b

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

EnBW Energie Baden-Württemberg

Market Cap: €22.0b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥3.9t

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

American Water Works Company

Market Cap: US$25.0b

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

Markel Group

Market Cap: US$25.0b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

ABN AMRO Bank

Market Cap: €21.7b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س93.3b

Provides private health and ancillary services.

JD Health International

Market Cap: HK$192.1b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Cincinnati Financial

Market Cap: US$24.6b

Provides property casualty insurance products in the United States.

Pernod Ricard

Market Cap: €21.4b

Produces and sells wines and spirits worldwide.

China Minsheng Banking

Market Cap: CN¥174.7b

Provides banking products and services in the People's Republic of China.

Veolia Environnement

Market Cap: €21.2b

Designs and provides water, waste, and energy management solutions.