Swedish Utilities Defensive Blue Chips

Cambricon Technologies

Market Cap: CN¥521.7b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

PNC Financial Services Group

Market Cap: US$72.2b

Operates as a diversified financial services company in the United States.

Nu Holdings

Market Cap: US$72.1b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

U.S. Bancorp

Market Cap: US$70.5b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

MediaTek

Market Cap: NT$2.1t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Barclays

Market Cap: UK£51.9b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Federal National Mortgage Association

Market Cap: US$68.2b

Provides financing solutions for residential mortgages in the United States.

ING Groep

Market Cap: €58.5b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Monster Beverage

Market Cap: US$68.0b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

SoftBank

Market Cap: JP¥10.2t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

ANZ Group Holdings

Market Cap: AU$103.9b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Vistra

Market Cap: US$66.7b

Operates as an integrated retail electricity and power generation company in the United States.

Wuliangye YibinLtd

Market Cap: CN¥468.6b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Lloyds Banking Group

Market Cap: UK£48.7b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.7t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

América Móvil. de

Market Cap: Mex$1.2t

Provides telecommunications services in Latin America and internationally.

Cencora

Market Cap: US$61.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Saudi National Bank

Market Cap: ر.س229.0b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Siemens Healthineers

Market Cap: €52.5b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Travelers Companies

Market Cap: US$60.8b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Saudi Telecom

Market Cap: ر.س222.6b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Aflac

Market Cap: US$59.3b

Through its subsidiaries, provides supplemental health and life insurance products.

KDDI

Market Cap: JP¥9.0t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Crédit Agricole

Market Cap: €50.4b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Oversea-Chinese Banking

Market Cap: S$75.8b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Industrial Bank

Market Cap: CN¥416.7b

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

Assicurazioni Generali

Market Cap: €50.2b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

NatWest Group

Market Cap: UK£43.5b

Provides banking and financial products and services in the United Kingdom and internationally.

Japan Tobacco

Market Cap: JP¥8.7t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Danone

Market Cap: €49.0b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

ITC

Market Cap: ₹5.0t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Swiss Re

Market Cap: CHF 45.1b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Nordea Bank Abp

Market Cap: €48.0b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Bank Central Asia

Market Cap: Rp912.0t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Truist Financial

Market Cap: US$54.6b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

China CITIC Bank

Market Cap: HK$423.8b

Provides various banking products and services in the People’s Republic of China and internationally.