Norwegian Household Defensive Blue Chips

Cathay Financial Holding

Market Cap: NT$953.5b

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

Kraft Heinz

Market Cap: US$31.1b

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

Fresenius SE KGaA

Market Cap: €26.5b

A health care company, provides products and services for chronically ill patients.

Fomento Económico Mexicano. de

Market Cap: Mex$571.6b

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

Ping An Bank

Market Cap: CN¥220.1b

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

Aeon

Market Cap: JP¥4.5t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Brown & Brown

Market Cap: US$30.6b

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

Poste Italiane

Market Cap: €26.1b

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

M&T Bank

Market Cap: US$30.5b

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.

KB Financial Group

Market Cap: ₩42.5t

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.

Swiss Life Holding

Market Cap: CHF 24.1b

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

Sampo Oyj

Market Cap: €25.7b

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.

National Bank of KuwaitK.P

Market Cap: د.ك9.2b

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.

Naturgy Energy Group

Market Cap: €25.5b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Humana

Market Cap: US$29.7b

Provides medical and specialty insurance products in the United States.

Power Grid Corporation of India

Market Cap: ₹2.6t

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

Bank Leumi le-Israel B.M

Market Cap: ₪97.3b

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

Fifth Third Bancorp

Market Cap: US$29.4b

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.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ106.8b

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

Hang Seng Bank

Market Cap: HK$225.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Telefónica

Market Cap: €24.5b

Provides telecommunications services in Europe and Latin America.

Kellanova

Market Cap: US$28.7b

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

W. R. Berkley

Market Cap: US$28.6b

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

Malayan Banking Berhad

Market Cap: RM 120.6b

Provides commercial banking and related financial products and services.

Archer-Daniels-Midland

Market Cap: US$28.5b

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

Aviva

Market Cap: UK£20.7b

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

Sompo Holdings

Market Cap: JP¥4.1t

Provides property and casualty insurance services in Japan and internationally.

Japan Post Holdings

Market Cap: JP¥4.1t

Provides postal, banking, and insurance services in Japan.

Ajinomoto

Market Cap: JP¥4.1t

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

American Water Works Company

Market Cap: US$27.5b

Through its subsidiaries, provides water and wastewater services in the United States.

JD Health International

Market Cap: HK$213.5b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Vodafone Group

Market Cap: UK£20.4b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Grupo Financiero Banorte. de

Market Cap: Mex$504.0b

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

Dai-ichi Life Holdings

Market Cap: JP¥4.0t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥194.2b

Produces and sells alcoholic products in China and internationally.

Atmos Energy

Market Cap: US$27.2b

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