Norwegian Consumer Retailing Defensive Blue Chips

Svenska Handelsbanken

Market Cap: SEK 263.8b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

China Tower

Market Cap: HK$217.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Power Grid Corporation of India

Market Cap: ₹2.5t

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

OTP Bank Nyrt

Market Cap: Ft9.1t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Atmos Energy

Market Cap: US$27.6b

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

First Solar

Market Cap: US$27.6b

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

Dollar General

Market Cap: US$27.6b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Capitec Bank Holdings

Market Cap: R466.2b

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

Bank Mandiri (Persero)

Market Cap: Rp457.3t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Bank of Jiangsu

Market Cap: CN¥192.9b

Provides various banking products and services in China.

Brown & Brown

Market Cap: US$27.2b

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

W. R. Berkley

Market Cap: US$26.9b

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

AST SpaceMobile

Market Cap: US$26.9b

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

Banca Monte dei Paschi di Siena

Market Cap: €23.1b

Provides retail and commercial banking services in Italy.

Huntington Bancshares

Market Cap: US$26.8b

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

Grupo Financiero Banorte. de

Market Cap: Mex$487.3b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Nestlé India

Market Cap: ₹2.4t

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

Luzhou LaojiaoLtd

Market Cap: CN¥188.9b

Produces and sells alcoholic products in China and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł96.7b

Provides various banking products and services in Poland and internationally.

George Weston

Market Cap: CA$36.6b

Provides food and drug retailing, and financial services in Canada.

Standard Bank Group

Market Cap: R449.0b

Provides financial products and services in South Africa and internationally.

Bank of Ningbo

Market Cap: CN¥186.4b

Provides various personal and business banking products and services in the People's Republic of China.

New China Life Insurance

Market Cap: CN¥186.0b

Provides life insurance products and services to individuals and institutions in China.

Shinhan Financial Group

Market Cap: ₩38.6t

Provides financial products and services in South Korea and internationally.

Aviva

Market Cap: UK£19.6b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

VERBUND

Market Cap: €22.3b

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.

CGN Power

Market Cap: HK$201.1b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥182.3b

Inner Mongolia Yili Industrial Group Co., Ltd.

Markel Group

Market Cap: US$25.8b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Astera Labs

Market Cap: US$25.8b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Koninklijke Philips

Market Cap: €22.1b

Operates as a health technology company in North America, the Greater China, and internationally.

STERIS

Market Cap: US$25.6b

Provides infection prevention products and services worldwide.

China National Nuclear Power

Market Cap: CN¥180.4b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

DexCom

Market Cap: US$25.4b

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

Cincinnati Financial

Market Cap: US$25.4b

Provides property casualty insurance products in the United States.

Huaneng Lancang River Hydropower

Market Cap: CN¥178.9b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.