Dutch Utilities Defensive Blue Chips

Ambev

Market Cap: R$250.3b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.9b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Samsung Life Insurance

Market Cap: ₩74.1t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

SJ Semiconductor

Market Cap: CN¥322.8b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Danone

Market Cap: €41.2b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Cardinal Health

Market Cap: US$47.2b

Operates as a healthcare services and products company in the United States and internationally.

Adani Power

Market Cap: ₹4.5t

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.

Fifth Third Bancorp

Market Cap: US$46.9b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Cathay Financial Holding

Market Cap: NT$1.5t

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

Wuliangye YibinLtd

Market Cap: CN¥314.7b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

GLOBALFOUNDRIES

Market Cap: US$46.5b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Commerzbank

Market Cap: €40.1b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ169.7b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Shanghai Pudong Development Bank

Market Cap: CN¥311.1b

Provides commercial banking products and services in China and internationally.

ON Semiconductor

Market Cap: US$46.0b

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

Erste Group Bank

Market Cap: €39.8b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

RWE

Market Cap: €39.6b

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

Siemens Healthineers

Market Cap: €38.9b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

IDEXX Laboratories

Market Cap: US$44.5b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Endesa

Market Cap: €38.5b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Diageo

Market Cap: UK£33.2b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ162.6b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Cerebras Systems

Market Cap: US$44.1b

Operates as an artificial intelligence infrastructure company.

Moore Threads Technology

Market Cap: CN¥298.0b

Engages in the development of GPU chips and related products.

Montage Technology

Market Cap: CN¥295.6b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Swiss Re

Market Cap: CHF 34.7b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

DNB Bank

Market Cap: NOK 412.9b

Provides financial services to individuals and businesses in Norway and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق157.6b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥287.1b

Provides insurance products to in the People’s Republic of China.

Swisscom

Market Cap: CHF 33.6b

Provides telecommunication services in Switzerland, Italy, and internationally.

Humana

Market Cap: US$42.0b

Provides medical and specialty insurance products in the United States.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥284.1b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Axis Bank

Market Cap: ₹4.0t

Provides various financial products and services in India and internationally.

AST SpaceMobile

Market Cap: US$41.6b

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

Hon. Precision

Market Cap: NT$1.3t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Coca-Cola Europacific Partners

Market Cap: €36.0b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.