Dutch Consumer Services Defensive Blue Chips

Ping An Bank

Market Cap: CN¥223.6b

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

Poste Italiane

Market Cap: €27.1b

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

MS&AD Insurance Group Holdings

Market Cap: JP¥4.7t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Swiss Life Holding

Market Cap: CHF 25.0b

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

Fomento Económico Mexicano. de

Market Cap: Mex$573.8b

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

Avenue Supermarts

Market Cap: ₹2.7t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Foshan Haitian Flavouring and Food

Market Cap: CN¥217.7b

Foshan Haitian Flavouring and Food Company Ltd.

Seven & i Holdings

Market Cap: JP¥4.7t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Cathay Financial Holding

Market Cap: NT$940.3b

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

KB Financial Group

Market Cap: ₩43.9t

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.

Bank Leumi le-Israel B.M

Market Cap: ₪98.5b

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

Willis Towers Watson

Market Cap: US$30.1b

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

Sampo Oyj

Market Cap: €26.1b

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.

Power Corporation of Canada

Market Cap: CA$42.3b

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

Naturgy Energy Group

Market Cap: €25.7b

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.ك9.0b

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.

Kellanova

Market Cap: US$28.9b

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ106.1b

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

Archer-Daniels-Midland

Market Cap: US$28.9b

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

Kraft Heinz

Market Cap: US$28.8b

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

Teradyne

Market Cap: US$28.7b

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

Bank of Jiangsu

Market Cap: CN¥204.1b

Provides various banking products and services in China.

Advanced Info Service

Market Cap: ฿930.9b

Operates as a telecommunications and technology company primarily in Thailand.

Malayan Banking Berhad

Market Cap: RM 119.8b

Provides commercial banking and related financial products and services.

First Solar

Market Cap: US$28.5b

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

Credo Technology Group Holding

Market Cap: US$28.4b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Amrize

Market Cap: CHF 22.8b

Focuses on building materials business in North America.

M&T Bank

Market Cap: US$28.1b

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.

Ajinomoto

Market Cap: JP¥4.3t

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

China Everbright Bank

Market Cap: CN¥198.8b

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.

Atmos Energy

Market Cap: US$27.7b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

VERBUND

Market Cap: €24.0b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Nestlé India

Market Cap: ₹2.4t

Engages in the manufacture and sale of food products in India and internationally.

Fifth Third Bancorp

Market Cap: US$27.5b

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.

Luzhou LaojiaoLtd

Market Cap: CN¥194.5b

Produces and sells alcoholic products in China and internationally.