Norwegian Utilities Defensive Blue Chips

DaVita

Market Cap: US$12.7b

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

BrightSpring Health Services

Market Cap: US$12.7b

Operates as a home and community-based healthcare services platform in the United States.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.1b

Engages in commercial banking business in China.

Banque Cantonale Vaudoise

Market Cap: CHF 10.1b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Banque Saudi Fransi

Market Cap: ر.س47.4b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Penumbra

Market Cap: US$12.6b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

KT&G

Market Cap: ₩19.2t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Wens Foodstuff Group

Market Cap: CN¥85.4b

Engages in the agricultural and animal husbandry businesses in China and internationally.

China Resources Microelectronics

Market Cap: CN¥84.8b

Engages in the manufacture and sale of semiconductors in China and internationally.

Italgas

Market Cap: €10.8b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

HDFC Life Insurance

Market Cap: ₹1.2t

Provides individual and group insurance solutions in India.

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Assurant

Market Cap: US$12.4b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥84.3b

Henan Shuanghui Investment & Development Co.,Ltd.

Bank of Chengdu

Market Cap: CN¥83.9b

Provides various banking products and services in China.

Globe Life

Market Cap: US$12.4b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Brown-Forman

Market Cap: US$12.3b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Coca-Cola Consolidated

Market Cap: US$12.3b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

CP ALL

Market Cap: ฿403.2b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق44.6b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Israel Discount Bank

Market Cap: ₪36.3b

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

MTN Nigeria Communications

Market Cap: ₦16.6t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Almarai

Market Cap: ر.س45.7b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Far EasTone Telecommunications

Market Cap: NT$384.1b

Provides mobile telecommunications services in Taiwan and internationally.

RenaissanceRe Holdings

Market Cap: US$12.1b

Provides reinsurance and insurance products in the United States and internationally.

Saputo

Market Cap: CA$16.8b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

J. M. Smucker

Market Cap: US$12.0b

Manufactures and markets branded food and beverage products worldwide.

Fresenius Medical Care

Market Cap: €10.4b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Erie Indemnity

Market Cap: US$12.0b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Olympus

Market Cap: JP¥1.9t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

CNA Financial

Market Cap: US$11.9b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺547.7b

Provides various banking products and services in Turkey.

Absa Group

Market Cap: R196.0b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Pro Medicus

Market Cap: AU$16.9b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

China Zheshang Bank

Market Cap: HK$92.6b

Provides corporate and retail banking services in Mainland China.