Malawian Transportation Defensive Blue Chips

Fifth Third Bancorp

Market Cap: US$24.9b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

KB Financial Group

Market Cap: ₩34.4t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

First Citizens BancShares

Market Cap: US$24.5b

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.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł91.4b

Provides various banking products and services in Poland and internationally.

Vodafone Group

Market Cap: UK£18.2b

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

Adani Power

Market Cap: ₹2.1t

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

ASM International

Market Cap: €21.2b

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.

Grupo Financiero Banorte. de

Market Cap: Mex$472.0b

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

Yihai Kerry Arawana Holdings

Market Cap: CN¥173.1b

Engages in the agriculture and food processing businesses in China.

Huaneng Lancang River Hydropower

Market Cap: CN¥172.4b

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

China Minsheng Banking

Market Cap: CN¥172.1b

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

Power Corporation of Canada

Market Cap: CA$32.8b

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

Markel Group

Market Cap: US$23.8b

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

China United Network Communications

Market Cap: CN¥171.3b

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ87.1b

Provides banking products and services in the United Arab Emirates and internationally.

Riyad Bank

Market Cap: ر.س87.6b

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

Archer-Daniels-Midland

Market Cap: US$23.2b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

NRG Energy

Market Cap: US$23.2b

Operates as an energy and home services company in the United States and Canada.

QNB Bank

Market Cap: ₺891.1b

Provides various banking products and services in Turkey.

Rocket Companies

Market Cap: US$23.0b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

CGN Power

Market Cap: HK$178.5b

Generates and sells nuclear power in the People’s Republic of China.

Koninklijke Philips

Market Cap: €20.2b

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

Heineken Holding

Market Cap: €19.9b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Cincinnati Financial

Market Cap: US$22.5b

Provides property casualty insurance products in the United States.

Coloplast

Market Cap: DKK 147.3b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Bank of Ningbo

Market Cap: CN¥160.3b

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

BT Group

Market Cap: UK£16.6b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Sigma Healthcare

Market Cap: AU$34.2b

Operates as a pharmaceutical wholesaler, distributor, and pharmacy franchisor in Australia and internationally.

CMS Energy

Market Cap: US$21.9b

Operates as an energy company primarily in Michigan.

Will Semiconductor

Market Cap: CN¥158.2b

A semiconductor design company, provides sensor solutions, analog solutions and touch screen and display solutions.

CLP Holdings

Market Cap: HK$169.9b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Huntington Bancshares

Market Cap: US$21.9b

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

STERIS

Market Cap: US$21.9b

Provides infection prevention products and services worldwide.

EnBW Energie Baden-Württemberg

Market Cap: €19.2b

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

Disco

Market Cap: JP¥3.1t

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

Bank Leumi le-Israel B.M

Market Cap: ₪78.1b

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