Norwegian Tech Defensive Blue Chips

China CITIC Bank

Market Cap: CN¥424.1b

Provides various banking products and services in the People’s Republic of China and internationally.

MetLife

Market Cap: US$62.4b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Cencora

Market Cap: US$62.0b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Saudi National Bank

Market Cap: ر.س232.3b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Monolithic Power Systems

Market Cap: US$61.4b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

National Bank of Canada

Market Cap: CA$85.6b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

NXP Semiconductors

Market Cap: US$60.8b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Industrial Bank

Market Cap: CN¥404.2b

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

Alimentation Couche-Tard

Market Cap: CA$83.5b

Operates and licenses convenience stores in North America, Europe, and Asia.

Sempra

Market Cap: US$58.1b

Engages in the regulated utilities business in the United States and Mexico.

Singapore Telecommunications

Market Cap: S$74.8b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Great-West Lifeco

Market Cap: CA$80.9b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Saudi Telecom

Market Cap: ر.س214.9b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ209.9b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

United Overseas Bank

Market Cap: S$72.4b

Provides banking products and services worldwide.

E.ON

Market Cap: €48.9b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.3t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

KBC Group

Market Cap: €48.0b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Loblaw Companies

Market Cap: CA$76.2b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Cardinal Health

Market Cap: US$53.7b

Operates as a healthcare services and products company in the United States and internationally.

Fubon Financial Holding

Market Cap: NT$1.7t

Provides various financial products and services in Taiwan, Asia, and internationally.

Orange

Market Cap: €46.2b

Operates as a telecommunications operator in France and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ192.0b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Danone

Market Cap: €45.4b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Fifth Third Bancorp

Market Cap: US$51.3b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Erste Group Bank

Market Cap: €44.0b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Entergy

Market Cap: US$50.3b

Engages in the production and retail distribution of electricity in the United States.

Holcim

Market Cap: CHF 40.7b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Teradyne

Market Cap: US$50.0b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Diageo

Market Cap: UK£37.1b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Heineken

Market Cap: €43.0b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Edwards Lifesciences

Market Cap: US$49.4b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Coca-Cola Europacific Partners

Market Cap: €43.0b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥331.9b

Advanced Micro-Fabrication Equipment Inc.

HOYA

Market Cap: JP¥8.0t

A med-tech company, provides high-tech and medical products in the Japan, Asia, the Americas, Europe, and internationally.