Mexican Commercial Services Defensive Blue Chips

DexCom

Market Cap: US$31.6b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Aeon

Market Cap: JP¥4.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Brown & Brown

Market Cap: US$31.3b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

M&T Bank

Market Cap: US$31.2b

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.

Fresenius SE KGaA

Market Cap: €26.4b

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

Cathay Financial Holding

Market Cap: NT$935.9b

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Sampo Oyj

Market Cap: €26.2b

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.

Dai-ichi Life Holdings

Market Cap: JP¥4.5t

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

Archer-Daniels-Midland

Market Cap: US$30.2b

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

Fifth Third Bancorp

Market Cap: US$30.2b

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.

Japan Post Holdings

Market Cap: JP¥4.5t

Provides postal, banking, and insurance services in Japan.

Telefónica

Market Cap: €25.7b

Provides telecommunications services in Europe and Latin America.

Poste Italiane

Market Cap: €25.5b

Provides postal, logistics, and financial and insurance products and services in Italy.

Naturgy Energy Group

Market Cap: €25.5b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Power Grid Corporation of India

Market Cap: ₹2.6t

An electric power transmission utility, engages in the power transmission business in India 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.

RWE

Market Cap: €25.4b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Sompo Holdings

Market Cap: JP¥4.4t

Provides property and casualty insurance services in Japan and internationally.

Swiss Life Holding

Market Cap: CHF 23.6b

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

China Everbright Bank

Market Cap: CN¥211.1b

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.

Amrize

Market Cap: CHF 23.4b

Focuses on building materials business in North America.

American Water Works Company

Market Cap: US$29.0b

Through its subsidiaries, provides water and wastewater services in the United States.

Luzhou LaojiaoLtd

Market Cap: CN¥205.9b

Produces and sells alcoholic products in China and internationally.

Vodafone Group

Market Cap: UK£21.2b

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

Malayan Banking Berhad

Market Cap: RM 120.8b

Provides commercial banking and related financial products and services.

Bank Leumi le-Israel B.M

Market Cap: ₪94.6b

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

Pernod Ricard

Market Cap: €24.2b

Produces and sells wines and spirits worldwide.

Ajinomoto

Market Cap: JP¥4.2t

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

Fomento Económico Mexicano. de

Market Cap: Mex$528.1b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

KB Financial Group

Market Cap: ₩38.9t

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.

Adani Power

Market Cap: ₹2.4t

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.

Kellanova

Market Cap: US$27.8b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Disco

Market Cap: JP¥4.1t

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

Hang Seng Bank

Market Cap: HK$215.3b

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.

Bank of Jiangsu

Market Cap: CN¥195.8b

Provides various banking products and services in China.

W. R. Berkley

Market Cap: US$27.3b

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