Moroccan Food, Beverage & Tobacco Defensive Blue Chips

Bank Leumi le-Israel B.M

Market Cap: ₪92.5b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Hang Seng Bank

Market Cap: HK$212.4b

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.

W. R. Berkley

Market Cap: US$27.2b

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

Power Corporation of Canada

Market Cap: CA$37.0b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Bank of Ningbo

Market Cap: CN¥191.4b

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

Atmos Energy

Market Cap: US$26.7b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Ajinomoto

Market Cap: JP¥4.0t

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

Adani Power

Market Cap: ₹2.3t

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.

EnBW Energie Baden-Württemberg

Market Cap: €22.8b

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

Terumo

Market Cap: JP¥3.9t

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

Nestlé India

Market Cap: ₹2.3t

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

Huntington Bancshares

Market Cap: US$26.1b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

Bank Mandiri (Persero)

Market Cap: Rp426.5t

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

Grupo Financiero Banorte. de

Market Cap: Mex$485.4b

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

JD Health International

Market Cap: HK$201.9b

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

China Tower

Market Cap: HK$200.3b

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

Aviva

Market Cap: UK£19.2b

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

Koninklijke Philips

Market Cap: €22.0b

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

Svenska Handelsbanken

Market Cap: SEK 242.0b

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¥182.6b

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

First Citizens BancShares

Market Cap: US$25.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥180.8b

Engages in the agriculture and food processing businesses in China.

New China Life Insurance

Market Cap: CN¥180.5b

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

CGN Power

Market Cap: HK$195.4b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥178.1b

Inner Mongolia Yili Industrial Group Co., Ltd.

Markel Group

Market Cap: US$24.8b

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

Bank Hapoalim B.M

Market Cap: ₪83.4b

Provides various banking and financial services in Israel and internationally.

George Weston

Market Cap: CA$33.9b

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

China United Network Communications

Market Cap: CN¥175.4b

Provides telecommunication services in the People’s Republic of China.

Regions Financial

Market Cap: US$24.4b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

VERBUND

Market Cap: €21.0b

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.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł88.9b

Provides various banking products and services in Poland and internationally.

STERIS

Market Cap: US$24.1b

Provides infection prevention products and services worldwide.

ABN AMRO Bank

Market Cap: €20.6b

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.

OTP Bank Nyrt

Market Cap: Ft8.1t

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

Dollar General

Market Cap: US$23.9b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.