Swedish Utilities Defensive Blue Chips

Swiss Life Holding

Market Cap: CHF 25.3b

Provides life, pensions, and financial solutions for private and corporate clients.

Veolia Environnement

Market Cap: €27.5b

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

Resona Holdings

Market Cap: JP¥5.1t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Veeva Systems

Market Cap: US$31.3b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Credicorp

Market Cap: US$31.1b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Muyuan Foods Group

Market Cap: CN¥207.5b

Operates as a pork company in the hog farming industry in China.

Bank Hapoalim B.M

Market Cap: ₪91.1b

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

Yuanjie Semiconductor Technology

Market Cap: CN¥205.9b

Yuanjie Semiconductor Technology Co., Ltd.

Vodafone Group

Market Cap: UK£22.7b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

ResMed

Market Cap: US$30.2b

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.

Bank of Jiangsu

Market Cap: CN¥204.6b

Provides various banking products and services in China.

Huadian New Energy Group

Market Cap: CN¥204.4b

Engages in the power generation business in China.

Kraft Heinz

Market Cap: US$30.1b

Manufactures and markets food and beverage products in North America and internationally.

Citizens Financial Group

Market Cap: US$30.0b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

GE HealthCare Technologies

Market Cap: US$29.8b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Svenska Handelsbanken

Market Cap: SEK 287.7b

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

Grupo Financiero Banorte. de

Market Cap: Mex$520.6b

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

Amrize

Market Cap: CHF 23.9b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada.

Cincinnati Financial

Market Cap: US$29.7b

Provides property casualty insurance products in the United States.

BIWIN Storage Technology

Market Cap: CN¥201.5b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Qnity Electronics

Market Cap: US$29.7b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Nestlé India

Market Cap: ₹2.8t

Engages in the manufacture and sale of food products in India and internationally.

Atmos Energy

Market Cap: US$29.5b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Casey's General Stores

Market Cap: US$29.5b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

AXIA Energia

Market Cap: R$152.6b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Shenzhen Techwinsemi Technology

Market Cap: CN¥200.1b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Bank of Ningbo

Market Cap: CN¥200.0b

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

Ping An Bank

Market Cap: CN¥199.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Naturgy Energy Group

Market Cap: €25.6b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Seven & i Holdings

Market Cap: JP¥4.7t

Operates convenience stores in Japan, North America, and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥196.5b

Foshan Haitian Flavouring and Food Company Ltd.

Gulf Development

Market Cap: ฿948.7b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.7b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Sampo Oyj

Market Cap: €24.7b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥191.5b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.