Slovenian Banks Defensive Blue Chips

Holcim

Market Cap: CHF 35.0b

Provides building materials and solutions worldwide.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ161.2b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ160.4b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Heineken

Market Cap: €36.5b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

National Bank of Canada

Market Cap: CA$59.3b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Fairfax Financial Holdings

Market Cap: CA$59.0b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

JAPAN POST BANK

Market Cap: JP¥6.3t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥297.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Commerzbank

Market Cap: €35.7b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Axis Bank

Market Cap: ₹3.7t

Provides various financial products and services in India and internationally.

Orange

Market Cap: €35.1b

Operates as a telecommunications operator in France and internationally.

Public Service Enterprise Group

Market Cap: US$40.9b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

QNB Bank

Market Cap: ₺1.7t

Provides various banking products and services in Turkey.

ResMed

Market Cap: US$40.7b

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.

Target

Market Cap: US$40.5b

Operates as a general merchandise retailer in the United States.

UltraTech Cement

Market Cap: ₹3.6t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Vulcan Materials

Market Cap: US$40.3b

Produces and supplies construction aggregates in the United States.

Fubon Financial Holding

Market Cap: NT$1.2t

Provides various financial services in Taiwan, Asia, and internationally.

Muyuan Foods

Market Cap: CN¥284.5b

Operates in the hog industry in China.

DNB Bank

Market Cap: NOK 395.0b

Provides financial services to individuals and businesses in Norway and internationally.

Coca-Cola Europacific Partners

Market Cap: €33.9b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Hershey

Market Cap: US$39.6b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

CBZ Holdings

Market Cap: US$5.1b

Provides various banking and financial products and services to retail and corporate customers in Zimbabwe.

Sysco

Market Cap: US$39.3b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 367.7b

Provides corporate, retail, investment, and private banking services.

Federal Home Loan Mortgage

Market Cap: US$39.2b

Operates in the secondary mortgage market in the United States.

Tesco

Market Cap: UK£29.1b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Erste Group Bank

Market Cap: €33.5b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Heidelberg Materials

Market Cap: €33.2b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Martin Marietta Materials

Market Cap: US$38.3b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Disco

Market Cap: JP¥5.8t

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

Swisscom

Market Cap: CHF 30.5b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Alcon

Market Cap: CHF 30.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Great-West Lifeco

Market Cap: CA$52.4b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Hartford Insurance Group

Market Cap: US$37.5b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Hannover Rück

Market Cap: €32.0b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.