Norwegian Insurance Defensive Blue Chips

Banco do Brasil

Market Cap: R$130.7b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

China Minsheng Banking

Market Cap: CN¥175.6b

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

Veolia Environnement

Market Cap: €21.2b

Designs and provides water, waste, and energy management solutions.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س91.4b

Provides private health and ancillary services.

BPER Banca

Market Cap: €21.1b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Pernod Ricard

Market Cap: €21.0b

Produces and sells wines and spirits worldwide.

China United Network Communications

Market Cap: CN¥172.9b

Provides telecommunication services in the People’s Republic of China.

LONGi Green Energy Technology

Market Cap: CN¥172.3b

Manufactures and sells photovoltaic products in China, Europe, the Asia Pacific, and the United States.

Terumo

Market Cap: JP¥3.7t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

George Weston

Market Cap: CA$33.3b

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

Sigma Healthcare

Market Cap: AU$35.9b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Telefónica

Market Cap: €20.3b

Provides telecommunications services in Europe and Latin America.

Banco BPM

Market Cap: €19.8b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

BNP Paribas Fortis

Market Cap: €19.8b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

BT Group

Market Cap: UK£17.3b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Insulet

Market Cap: US$22.5b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

Resona Holdings

Market Cap: JP¥3.5t

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

Woolworths Group

Market Cap: AU$34.2b

Operates retail stores in Australia and New Zealand.

First Citizens BancShares

Market Cap: US$22.4b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Constellation Brands

Market Cap: US$22.2b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Citizens Financial Group

Market Cap: US$22.2b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Ajinomoto

Market Cap: JP¥3.4t

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

CLP Holdings

Market Cap: HK$171.7b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Dollar General

Market Cap: US$21.8b

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

Snam

Market Cap: €18.9b

Engages in the operation of natural gas transport and storage infrastructure.

Regions Financial

Market Cap: US$21.8b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Renesas Electronics

Market Cap: JP¥3.4t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

DexCom

Market Cap: US$21.5b

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

Dollar Tree

Market Cap: US$21.3b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

OmniVision Integrated Circuits Group

Market Cap: CN¥151.6b

OmniVision Integrated Circuits Group, Inc.

Loews

Market Cap: US$21.2b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ77.7b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Associated British Foods

Market Cap: UK£16.1b

Engages in the food, ingredients, and retail businesses worldwide.

STMicroelectronics

Market Cap: €18.2b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Labcorp Holdings

Market Cap: US$21.0b

Provides laboratory services.