Malawian Capital Goods Defensive Blue Chips

HDFC Life Insurance

Market Cap: ₹1.7t

Provides individual and group insurance solutions in India.

Regions Financial

Market Cap: US$19.5b

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

Quest Diagnostics

Market Cap: US$19.4b

Provides diagnostic testing and services in the United States and internationally.

Tenaga Nasional Berhad

Market Cap: RM 82.2b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ70.8b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Coca-Cola HBC

Market Cap: UK£14.3b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

McCormick

Market Cap: US$19.3b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Mediobanca Banca di Credito Finanziario

Market Cap: €17.0b

Provides various banking products and services in Italy and internationally.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Carlsberg

Market Cap: DKK 125.7b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.8t

Operates as a trust bank in Japan and internationally.

Dollar Tree

Market Cap: US$19.0b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

New China Life Insurance

Market Cap: CN¥136.5b

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

Pro Medicus

Market Cap: AU$29.5b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Legal & General Group

Market Cap: UK£13.9b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Arca Continental. de

Market Cap: Mex$363.3b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Loews

Market Cap: US$18.7b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Uniper

Market Cap: €16.5b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Zimmer Biomet Holdings

Market Cap: US$18.6b

Operates as a medical technology company worldwide.

Sonova Holding

Market Cap: CHF 15.4b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Coles Group

Market Cap: AU$28.9b

Operates as a retailer in Australia.

Erie Indemnity

Market Cap: US$18.5b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Ryan Specialty Holdings

Market Cap: US$18.4b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Bank of Beijing

Market Cap: CN¥132.1b

Provides various banking services to personal and corporate customers in China.

Saudi Awwal Bank

Market Cap: ر.س68.8b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Koninklijke KPN

Market Cap: €16.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

ON Semiconductor

Market Cap: US$18.1b

Provides intelligent sensing and power solutions in the United States and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫473.8t

Provides banking products and services.

US Foods Holding

Market Cap: US$18.0b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Kerry Group

Market Cap: €15.8b

Provides taste and nutrition solutions.

Principal Financial Group

Market Cap: US$17.7b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Alinma Bank

Market Cap: ر.س66.3b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Citizens Financial Group

Market Cap: US$17.5b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

SDIC Power Holdings

Market Cap: CN¥125.9b

Engages in the electricity generation business in China.

CIMB Group Holdings Berhad

Market Cap: RM 74.0b

Provides various banking products and services in Malaysia and internationally.

Bank of Nanjing

Market Cap: CN¥124.9b

Provides various financial products and services in China.