Norwegian Utilities Defensive Blue Chips

Kirin Holdings Company

Market Cap: JP¥2.2t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

BB Seguridade Participações

Market Cap: R$70.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Suncorp Group

Market Cap: AU$19.4b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Tryg

Market Cap: DKK 87.5b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥90.7b

Shanghai United Imaging Healthcare Co., Ltd.

Cooper Companies

Market Cap: US$13.4b

Develops, manufactures, and markets contact lens wearers.

Uni-President Enterprises

Market Cap: NT$422.7b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Gjensidige Forsikring

Market Cap: NOK 126.4b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Coloplast

Market Cap: DKK 86.3b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Reinsurance Group of America

Market Cap: US$13.3b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Carrefour

Market Cap: €11.5b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Hwatsing Technology

Market Cap: CN¥90.0b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Origin Energy

Market Cap: AU$18.9b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

James Hardie Industries

Market Cap: AU$18.9b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Fisher & Paykel Healthcare

Market Cap: NZ$22.7b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Hormel Foods

Market Cap: US$13.2b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Tele2

Market Cap: SEK 125.2b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Osaka Gas

Market Cap: JP¥2.1t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Smith & Nephew

Market Cap: UK£9.8b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Everest Group

Market Cap: US$13.1b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Britannia Industries

Market Cap: ₹1.2t

Manufactures and sells various food products in India and internationally.

McCormick

Market Cap: US$13.1b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

United Utilities Group

Market Cap: UK£9.7b

Provides water and wastewater services in the United Kingdom.

Beijing YanDong MicroElectronic

Market Cap: CN¥88.2b

Beijing YanDong MicroElectronic Co., Ltd.

China Resources Power Holdings

Market Cap: HK$101.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Chubu Electric Power Company

Market Cap: JP¥2.1t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Insurance Australia Group

Market Cap: AU$18.4b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Jerónimo Martins SGPS

Market Cap: €11.1b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Fidelity National Financial

Market Cap: US$12.8b

Provides various insurance products in the United States.

Apollo Hospitals Enterprise

Market Cap: ₹1.2t

Provides healthcare services in India.

Align Technology

Market Cap: US$12.8b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Etihad Etisalat

Market Cap: ر.س47.8b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

DaVita

Market Cap: US$12.7b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.