Singaporean Semiconductors Defensive Blue Chips

Telefónica

Market Cap: €25.6b

Provides telecommunications services in Europe and Latin America.

General Mills

Market Cap: US$29.0b

Manufactures and markets branded consumer foods worldwide.

Humana

Market Cap: US$28.9b

Provides medical and specialty insurance products in the United States.

ASM International

Market Cap: €25.0b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Rocket Companies

Market Cap: US$28.8b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

Constellation Brands

Market Cap: US$28.7b

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

Swedbank

Market Cap: SEK 276.9b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

China Minsheng Banking

Market Cap: CN¥204.6b

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

Swiss Life Holding

Market Cap: CHF 23.1b

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

Poste Italiane

Market Cap: €24.4b

Provides postal, logistics, and financial and insurance products and services in Italy.

Sampo Oyj

Market Cap: €24.4b

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.

Bank Mandiri (Persero)

Market Cap: Rp460.1t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

W. R. Berkley

Market Cap: US$28.0b

An insurance holding company, operates as a commercial line writer worldwide.

KB Financial Group

Market Cap: ₩38.3t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Sompo Holdings

Market Cap: JP¥4.0t

Provides property and casualty (P&C) insurance services in Japan and internationally.

American Water Works Company

Market Cap: US$27.5b

Through its subsidiaries, provides water and wastewater services in the United States.

Malayan Banking Berhad

Market Cap: RM 116.7b

Provides commercial banking and related financial products and services.

Kellanova

Market Cap: US$27.3b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Fresenius SE KGaA

Market Cap: €23.7b

A health care company, provides products and services for chronically ill patients.

BNP Paribas Fortis

Market Cap: €23.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Disco

Market Cap: JP¥4.0t

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

Hang Seng Bank

Market Cap: HK$212.5b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Centene

Market Cap: US$27.1b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Dai-ichi Life Holdings

Market Cap: JP¥3.9t

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

VERBUND

Market Cap: €23.4b

Generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers.

China National Nuclear Power

Market Cap: CN¥193.1b

Invests in, develops, constructs, operates, and manages nuclear power projects in the People's Republic of China.

Japan Post Holdings

Market Cap: JP¥3.9t

Provides postal, banking, and insurance services in Japan.

SSE

Market Cap: UK£19.9b

Engages in the generation, transmission, distribution, and supply of electricity.

National Bank of KuwaitK.P

Market Cap: د.ك8.2b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Aeon

Market Cap: JP¥3.9t

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

Cellnex Telecom

Market Cap: €23.0b

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.

Bank Leumi le-Israel B.M

Market Cap: ₪92.5b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Terumo

Market Cap: JP¥3.9t

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

Nestlé India

Market Cap: ₹2.3t

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

Federal Home Loan Mortgage

Market Cap: US$26.3b

Operates in the secondary mortgage market in the United States.

Fifth Third Bancorp

Market Cap: US$26.3b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.