Norwegian Materials Defensive Blue Chips

Koninklijke Ahold Delhaize

Market Cap: €32.0b

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

PG&E

Market Cap: US$37.0b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Hua Hong Grace Semiconductor

Market Cap: HK$288.1b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Hershey

Market Cap: US$36.7b

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

Nanya Technology

Market Cap: NT$1.2t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Vulcan Materials

Market Cap: US$36.4b

Produces and supplies construction aggregates in the United States.

Federal National Mortgage Association

Market Cap: US$36.3b

Provides financing solutions for residential mortgages in the United States.

Intact Financial

Market Cap: CA$50.4b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Huadian New Energy Group

Market Cap: CN¥242.4b

Engages in the power generation business in China.

Vodafone Group

Market Cap: UK£26.7b

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł130.8b

Provides various banking products and services in Poland and internationally.

Chunghwa Telecom

Market Cap: NT$1.1t

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

Hartford Insurance Group

Market Cap: US$35.2b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Huntington Bancshares

Market Cap: US$34.9b

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

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.5b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Bank Leumi le-Israel B.M

Market Cap: ₪100.8b

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

UltraTech Cement

Market Cap: ₹3.3t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Sompo Holdings

Market Cap: JP¥5.5t

Provides property and casualty insurance services in Japan and internationally.

Martin Marietta Materials

Market Cap: US$34.0b

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

Casey's General Stores

Market Cap: US$33.9b

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

M&T Bank

Market Cap: US$33.4b

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.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Prudential

Market Cap: UK£24.6b

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

ABN AMRO Bank

Market Cap: €28.3b

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.

Alcon

Market Cap: CHF 25.9b

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

Bank of Jiangsu

Market Cap: CN¥218.2b

Provides various banking products and services in China.

Ping An Bank

Market Cap: CN¥218.1b

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

CEZ a. s

Market Cap: Kč669.4b

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

Ørsted

Market Cap: DKK 206.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Bank of Ningbo

Market Cap: CN¥215.9b

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

Malayan Banking Berhad

Market Cap: RM 129.7b

Provides commercial banking and related financial products and services.

Hannover Rück

Market Cap: €27.5b

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

Arch Capital Group

Market Cap: US$31.7b

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

Bank Hapoalim B.M

Market Cap: ₪92.6b

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

Naturgy Energy Group

Market Cap: €27.3b

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

BPER Banca

Market Cap: €27.2b

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