Norwegian Consumer Durables Defensive Blue Chips

UltraTech Cement

Market Cap: ₹3.5t

Engages in the manufacturing, marketing, and distribution of building materials in India and internationally.

Vulcan Materials

Market Cap: US$36.3b

Produces and supplies construction aggregates in the United States.

M&T Bank

Market Cap: US$36.2b

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.

Prudential

Market Cap: UK£27.1b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Arch Capital Group

Market Cap: US$36.0b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Federal National Mortgage Association

Market Cap: US$35.6b

Provides financing solutions for residential mortgages in the United States.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł135.0b

Provides various banking products and services in Poland and internationally.

Hershey

Market Cap: US$35.4b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Hannover Rück

Market Cap: €31.0b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

ABN AMRO Bank

Market Cap: €31.0b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Huntington Bancshares

Market Cap: US$35.1b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Kroger

Market Cap: US$34.8b

Operates as a food and drug retailer in the United States.

Bank Leumi le-Israel B.M

Market Cap: ₪105.6b

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

Koninklijke Ahold Delhaize

Market Cap: €30.1b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Shinhan Financial Group

Market Cap: ₩49.8t

Provides financial products and services in South Korea, Vietnam, and Japan.

CEZ a. s

Market Cap: Kč722.0b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Hon. Precision

Market Cap: NT$1.1t

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

Piotech

Market Cap: CN¥229.2b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Heidelberg Materials

Market Cap: €29.7b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

ON Semiconductor

Market Cap: US$33.8b

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

Talanx

Market Cap: €29.6b

Provides insurance and reinsurance products and services worldwide.

Martin Marietta Materials

Market Cap: US$33.6b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Alcon

Market Cap: CHF 27.2b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

BPER Banca

Market Cap: €29.1b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Resona Holdings

Market Cap: JP¥5.4t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Muyuan Foods Group

Market Cap: CN¥220.8b

Operates as a pork company in the hog farming industry in China.

Swiss Life Holding

Market Cap: CHF 26.5b

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

Malayan Banking Berhad

Market Cap: RM 131.8b

Provides commercial banking and related financial products and services.

Capitec Bank Holdings

Market Cap: R536.2b

Through its subsidiaries, provides various banking products and services in South Africa.

Casey's General Stores

Market Cap: US$31.9b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Ping An Bank

Market Cap: CN¥215.6b

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ115.9b

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

Bank Hapoalim B.M

Market Cap: ₪96.2b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Standard Bank Group

Market Cap: R525.8b

Provides financial products and services in South Africa and internationally.