Swedish Energy Defensive Blue Chips

STMicroelectronics

Market Cap: €23.7b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Advanced Info Service

Market Cap: ฿901.2b

Operates as a telecommunications and technology company primarily in Thailand.

Japan Post Holdings

Market Cap: JP¥4.2t

Provides postal, banking, and insurance services in Japan.

Ajinomoto

Market Cap: JP¥4.2t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

ASE Technology Holding

Market Cap: NT$839.4b

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Koninklijke Philips

Market Cap: €23.3b

Operates as a health technology company in North America, the Greater China, and internationally.

Amrize

Market Cap: CHF 21.5b

Focuses on building materials business in North America.

CGN Power

Market Cap: HK$209.5b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

DexCom

Market Cap: US$26.8b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Capitec Bank Holdings

Market Cap: R468.6b

Through its subsidiaries, provides various banking products and services in South Africa.

New China Life Insurance

Market Cap: CN¥190.8b

Provides life insurance products and services to individuals and institutions in China.

Svenska Handelsbanken

Market Cap: SEK 251.4b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Aviva

Market Cap: UK£20.0b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥4.0t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Credo Technology Group Holding

Market Cap: US$26.2b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$482.7b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

China National Nuclear Power

Market Cap: CN¥186.1b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Pernod Ricard

Market Cap: €22.5b

Produces and sells wines and spirits worldwide.

Astera Labs

Market Cap: US$26.0b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Kioxia Holdings

Market Cap: JP¥3.9t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł94.4b

Provides various banking products and services in Poland and internationally.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س96.6b

Provides private health and ancillary services.

VERBUND

Market Cap: €22.2b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

JD Health International

Market Cap: HK$198.0b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

EnBW Energie Baden-Württemberg

Market Cap: €22.0b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Bank Hapoalim B.M

Market Cap: ₪84.0b

Provides various banking and financial services in Israel and internationally.

Bank of Ningbo

Market Cap: CN¥181.5b

Provides various personal and business banking products and services in the People's Republic of China.

China Tower

Market Cap: HK$197.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Huaneng Lancang River Hydropower

Market Cap: CN¥180.4b

Engages in the development, construction, operation, and management of hydropower projects.

Terumo

Market Cap: JP¥3.8t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Veolia Environnement

Market Cap: €21.7b

Designs and provides water, waste, and energy management solutions.

Shinhan Financial Group

Market Cap: ₩36.0t

Provides financial products and services in South Korea and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €21.5b

Provides retail and commercial banking services in Italy.

OTP Bank Nyrt

Market Cap: Ft8.3t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Constellation Brands

Market Cap: US$24.7b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

China Minsheng Banking

Market Cap: CN¥175.5b

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