Luxembourg Tech Defensive Blue Chips

SSE

Market Cap: UK£20.2b

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

Ajinomoto

Market Cap: JP¥4.1t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

JD Health International

Market Cap: HK$209.7b

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

Dai-ichi Life Holdings

Market Cap: JP¥4.1t

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

New China Life Insurance

Market Cap: CN¥191.6b

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

Astera Labs

Market Cap: US$26.9b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Nestlé India

Market Cap: ₹2.4t

Engages in the manufacture and sale of food products in India and internationally.

Amrize

Market Cap: CHF 21.4b

Focuses on building materials business in North America.

Grupo Financiero Banorte. de

Market Cap: Mex$491.3b

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

Koninklijke Philips

Market Cap: €22.7b

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

Capitec Bank Holdings

Market Cap: R458.3b

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

Svenska Handelsbanken

Market Cap: SEK 249.6b

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

China National Nuclear Power

Market Cap: CN¥187.6b

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

CGN Power

Market Cap: HK$204.5b

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

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س98.1b

Provides private health and ancillary services.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł95.0b

Provides various banking products and services in Poland and internationally.

Bank Hapoalim B.M

Market Cap: ₪85.5b

Provides various banking and financial services in Israel and internationally.

DexCom

Market Cap: US$26.0b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

China Tower

Market Cap: HK$201.7b

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

Oklo

Market Cap: US$25.7b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

STMicroelectronics

Market Cap: €22.1b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

VERBUND

Market Cap: €22.0b

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.

Grupo Nutresa S. A

Market Cap: Col$98.7t

Operates in the food industry in Colombia, Latin America, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €21.7b

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

ASE Technology Holding

Market Cap: NT$774.2b

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

Bank of Ningbo

Market Cap: CN¥179.4b

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

Veolia Environnement

Market Cap: €21.6b

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

Banca Monte dei Paschi di Siena

Market Cap: €21.6b

Provides retail and commercial banking services in Italy.

Ørsted

Market Cap: DKK 159.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Cincinnati Financial

Market Cap: US$24.8b

Provides property casualty insurance products in the United States.

Markel Group

Market Cap: US$24.7b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥176.2b

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

Constellation Brands

Market Cap: US$24.7b

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

ABN AMRO Bank

Market Cap: €21.2b

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.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥174.3b

Inner Mongolia Yili Industrial Group Co., Ltd.

China Minsheng Banking

Market Cap: CN¥174.2b

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