Swedish Consumer Services Defensive Blue Chips

BKW

Market Cap: CHF 8.7b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.7b

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

T&D Holdings

Market Cap: JP¥1.5t

Through its subsidiaries, provides insurance products and services primarily in Japan.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ38.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Celcomdigi Berhad

Market Cap: RM 44.5b

An investment holding company, provides mobile communication services and related products in Malaysia.

Enel Américas

Market Cap: CL$9.9t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Centrica

Market Cap: UK£7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Tele2

Market Cap: SEK 99.8b

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

Bunge Global

Market Cap: US$10.4b

Operates as an agribusiness and food company worldwide.

James Hardie Industries

Market Cap: AU$16.1b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines.

ING Bank Slaski

Market Cap: zł38.6b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Tingyi (Cayman Islands) Holding

Market Cap: HK$79.2b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Skyworks Solutions

Market Cap: US$10.2b

Designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

ICICI Prudential Life Insurance

Market Cap: ₹856.7b

Provides life insurance, pension, and health insurance products to individuals and groups in India.

Eurobank Ergasias Services and Holdings

Market Cap: €8.9b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Osaka Gas

Market Cap: JP¥1.4t

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

Globe Life

Market Cap: US$10.1b

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

China Mengniu Dairy

Market Cap: HK$78.2b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Banco Comercial Português

Market Cap: €8.9b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$77.7b

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

Bharti Hexacom

Market Cap: ₹846.2b

Provides mobile services, fixed-line telephone, and broadband services to end consumers and business customers under the Airtel brand in India.

Carrefour

Market Cap: €8.8b

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