Dutch Utilities Defensive Blue Chips

MTN Nigeria Communications

Market Cap: ₦17.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Kokusai Electric

Market Cap: JP¥2.0t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Anhui Conch Cement

Market Cap: CN¥85.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Enpara Bank

Market Cap: ₺616.8b

Provides banking services and products in Turkey.

Standard Life

Market Cap: UK£9.4b

Operates in the long-term savings and retirement business in Europe.

Britannia Industries

Market Cap: ₹1.2t

Engages in manufacturing, trading, and sale of various food products in India and internationally.

Bank of Chengdu

Market Cap: CN¥84.2b

Provides various banking products and services in China.

Penumbra

Market Cap: US$12.5b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥84.1b

Engages in commercial banking business in China.

Alpha Bank

Market Cap: €10.8b

Provides various banking and financial products and services in Greece and internationally.

LONGi Green Energy Technology

Market Cap: CN¥83.1b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Shanghai United Imaging Healthcare

Market Cap: CN¥83.0b

Shanghai United Imaging Healthcare Co., Ltd.

Japan Post Insurance

Market Cap: JP¥1.9t

Engages in the provision of life insurance products and services in Japan.

Pro Medicus

Market Cap: AU$17.3b

A healthcare informatics company, provides medical imaging software and services to hospitals, imaging centers, and health care groups in Australia, Europe, and North America.

BrightSpring Health Services

Market Cap: US$12.3b

Operates as a home and community-based healthcare services platform in the United States.

Baxter International

Market Cap: US$12.3b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Tele2

Market Cap: SEK 120.4b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Arab National Bank

Market Cap: ر.س45.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

DaVita

Market Cap: US$12.2b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Fresenius Medical Care

Market Cap: €10.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Almarai

Market Cap: ر.س45.7b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$95.0b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

Brown-Forman

Market Cap: US$12.1b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Encompass Health

Market Cap: US$12.0b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥80.6b

Henan Shuanghui Investment & Development Co.,Ltd.

CP ALL

Market Cap: ฿401.0b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.0b

Operates membership warehouse clubs on the eastern half of the United States.

HKT Trust and HKT

Market Cap: HK$94.0b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Onto Innovation

Market Cap: US$12.0b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Caixa Seguridade Participações

Market Cap: R$61.7b

Provides insurance products in Brazil and internationally.

American Financial Group

Market Cap: US$11.9b

An insurance holding company, provides property and casualty insurance products in the United States.

Shizuoka Financial GroupInc

Market Cap: JP¥1.9t

Provides various banking products and services.

Far EasTone Telecommunications

Market Cap: NT$378.6b

Provides mobile telecommunications services in Taiwan and internationally.