Qatari Real Estate Defensive Blue Chips

Emirates NBD Bank PJSC

Market Cap: د.إ163.0b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.5b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Standard Chartered

Market Cap: UK£32.8b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Heineken

Market Cap: €37.2b

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

Edwards Lifesciences

Market Cap: US$42.8b

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

QNB Bank

Market Cap: ₺1.8t

Provides various banking products and services in Turkey.

NAURA Technology Group

Market Cap: CN¥298.6b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Orange

Market Cap: €36.1b

Operates as a telecommunications operator in France and internationally.

National Bank of Canada

Market Cap: CA$58.7b

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

Axis Bank

Market Cap: ₹3.6t

Provides various financial products and services in India and internationally.

UltraTech Cement

Market Cap: ₹3.6t

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.

Public Service Enterprise Group

Market Cap: US$40.8b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

Commerzbank

Market Cap: €35.1b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Heidelberg Materials

Market Cap: €35.0b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

JAPAN POST BANK

Market Cap: JP¥6.1t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Fubon Financial Holding

Market Cap: NT$1.2t

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

Muyuan Foods

Market Cap: CN¥286.0b

Operates in the hog industry in China.

Vulcan Materials

Market Cap: US$40.0b

Produces and supplies construction aggregates in the United States.

Coca-Cola Europacific Partners

Market Cap: €34.4b

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

ResMed

Market Cap: US$39.8b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

DNB Bank

Market Cap: NOK 401.8b

Provides financial services to individuals and businesses in Norway and internationally.

Target

Market Cap: US$39.7b

Operates as a general merchandise retailer in the United States.

CBZ Holdings

Market Cap: US$5.1b

Provides various banking and financial products and services to retail and corporate customers in Zimbabwe.

Fairfax Financial Holdings

Market Cap: CA$55.0b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥278.8b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Erste Group Bank

Market Cap: €33.4b

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

Tesco

Market Cap: UK£29.0b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Martin Marietta Materials

Market Cap: US$38.5b

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

Great-West Lifeco

Market Cap: CA$53.9b

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

Hershey

Market Cap: US$38.4b

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

FBC Holdings

Market Cap: US$4.9b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Swisscom

Market Cap: CHF 30.1b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Aeon

Market Cap: JP¥5.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Disco

Market Cap: JP¥5.7t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 357.3b

Provides corporate, retail, investment, and private banking services.