Malawian Utilities Defensive Blue Chips

Mega Financial Holding

Market Cap: NT$602.2b

Provides various financial services in Taiwan.

Asahi Group Holdings

Market Cap: JP¥3.0t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Citizens Financial Group

Market Cap: US$20.1b

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.

Tyson Foods

Market Cap: US$20.0b

Operates as a food company worldwide.

Mediobanca Banca di Credito Finanziario

Market Cap: €17.2b

Provides various banking products and services in Italy and internationally.

Snam

Market Cap: €17.1b

Engages in the operation of natural gas transport and storage infrastructure.

Straumann Holding

Market Cap: CHF 16.1b

Provides tooth replacement and orthodontic solutions worldwide.

First Solar

Market Cap: US$19.9b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Banco do Brasil

Market Cap: R$108.1b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

First Mutual Holdings

Market Cap: US$2.6b

Provides life assurance, non-life insurance in Zimbabwe.

Heineken Holding

Market Cap: €17.0b

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

OmniVision Integrated Circuits Group

Market Cap: CN¥141.9b

OmniVision Integrated Circuits Group, Inc.

BPER Banca

Market Cap: €16.9b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Public Bank Berhad

Market Cap: RM 83.6b

Provides banking products and services.

Terna

Market Cap: €16.9b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫517.2t

Provides banking products and services in Vietnam.

Telefônica Brasil

Market Cap: R$106.2b

Operates as a mobile telecommunications company in Brazil.

Credicorp

Market Cap: US$19.5b

Provides various financial, insurance, and health services and products in Peru and internationally.

Zimmer Biomet Holdings

Market Cap: US$19.5b

Operates as a medical technology company worldwide.

ON Semiconductor

Market Cap: US$19.5b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Quest Diagnostics

Market Cap: US$19.5b

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

NN Group

Market Cap: €16.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Loews

Market Cap: US$19.3b

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

Casey's General Stores

Market Cap: US$19.3b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.8t

Operates as a trust bank in Japan and internationally.

Bank of Beijing

Market Cap: CN¥138.1b

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

Varun Beverages

Market Cap: ₹1.7t

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

KeyCorp

Market Cap: US$19.1b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ69.9b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Tenaga Nasional Berhad

Market Cap: RM 80.4b

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

McCormick

Market Cap: US$18.9b

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

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Coca-Cola HBC

Market Cap: UK£13.8b

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.

Erie Indemnity

Market Cap: US$18.4b

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

Brookfield Wealth Solutions

Market Cap: US$18.4b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

US Foods Holding

Market Cap: US$18.1b

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