Malawian Utilities Defensive Blue Chips

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Humana

Market Cap: US$32.1b

Provides medical and specialty insurance products in the United States.

Fifth Third Bancorp

Market Cap: US$32.0b

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.

Teradyne

Market Cap: US$31.9b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

M&T Bank

Market Cap: US$31.6b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Grupo Nutresa S. A

Market Cap: Col$119.8t

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

Fresenius SE KGaA

Market Cap: €26.8b

A health care company, provides products and services for chronically ill patients.

AST SpaceMobile

Market Cap: US$31.4b

Designs and develops the constellation of BlueBird satellites in the United States.

Bank Hapoalim B.M

Market Cap: ₪100.7b

Provides various banking and financial services in Israel and internationally.

Ping An Bank

Market Cap: CN¥220.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Willis Towers Watson

Market Cap: US$31.2b

Operates as an advisory, broking, and solutions company worldwide.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥219.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Sampo Oyj

Market Cap: €26.5b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Swiss Life Holding

Market Cap: CHF 24.7b

Provides life, pensions, and financial solutions for private and corporate clients.

KB Financial Group

Market Cap: ₩45.6t

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.

Amrize

Market Cap: CHF 24.5b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Adani Power

Market Cap: ₹2.8t

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.

Malayan Banking Berhad

Market Cap: RM 124.4b

Provides commercial banking and related financial products and services.

Sompo Holdings

Market Cap: JP¥4.7t

Provides property and casualty insurance services in Japan and internationally.

Vodafone Group

Market Cap: UK£22.5b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥210.9b

Foshan Haitian Flavouring and Food Company Ltd.

Dai-ichi Life Holdings

Market Cap: JP¥4.6t

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

National Bank of KuwaitK.P

Market Cap: د.ك9.1b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

ASM International

Market Cap: €25.2b

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.

Japan Post Holdings

Market Cap: JP¥4.6t

Provides postal, banking, and insurance services in Japan.

Astera Labs

Market Cap: US$29.3b

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

First Solar

Market Cap: US$29.3b

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

Dollar General

Market Cap: US$29.2b

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

Banca Monte dei Paschi di Siena

Market Cap: €24.8b

Provides retail and commercial banking services in Italy.

China Everbright Bank

Market Cap: CN¥204.5b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Kraft Heinz

Market Cap: US$28.9b

Manufactures and markets food and beverage products in North America and internationally.

Archer-Daniels-Midland

Market Cap: US$28.8b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Advanced Info Service

Market Cap: ฿907.1b

Operates as a telecommunications and technology company primarily in Thailand.

Ørsted

Market Cap: DKK 182.7b

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł101.5b

Provides various banking products and services in Poland and internationally.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ103.2b

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