Slovenian Pharmaceuticals & Biotech Defensive Blue Chips

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.2b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Commerzbank

Market Cap: €36.7b

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.

Emirates NBD Bank PJSC

Market Cap: د.إ157.6b

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

Orange

Market Cap: €36.2b

Operates as a telecommunications operator in France and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ155.0b

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

Standard Chartered

Market Cap: UK£31.2b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Target

Market Cap: US$42.1b

Operates as a general merchandise retailer in the United States.

UltraTech Cement

Market Cap: ₹3.7t

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.

Heidelberg Materials

Market Cap: €35.1b

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

National Bank of Canada

Market Cap: CA$56.6b

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

Public Service Enterprise Group

Market Cap: US$40.8b

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

Monolithic Power Systems

Market Cap: US$40.6b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Muyuan Foods

Market Cap: CN¥288.3b

Operates in the hog industry in China.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥287.8b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Rocket Companies

Market Cap: US$40.3b

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

Coca-Cola Europacific Partners

Market Cap: €34.3b

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

ResMed

Market Cap: US$40.0b

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.

Alcon

Market Cap: CHF 31.7b

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

Sysco

Market Cap: US$39.5b

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.

Fairfax Financial Holdings

Market Cap: CA$54.0b

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.

Fubon Financial Holding

Market Cap: NT$1.2t

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

QNB Bank

Market Cap: ₺1.6t

Provides various banking products and services in Turkey.

Tesco

Market Cap: UK£28.6b

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

Vulcan Materials

Market Cap: US$38.6b

Produces and supplies construction aggregates in the United States.

CBZ Holdings

Market Cap: US$5.0b

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

DNB Bank

Market Cap: NOK 386.9b

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

Swisscom

Market Cap: CHF 30.4b

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

Federal Home Loan Mortgage

Market Cap: US$38.0b

Operates in the secondary mortgage market in the United States.

Hartford Insurance Group

Market Cap: US$37.9b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Hershey

Market Cap: US$37.6b

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

Humana

Market Cap: US$37.5b

Provides medical and specialty insurance products in the United States.

FBC Holdings

Market Cap: US$4.8b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Martin Marietta Materials

Market Cap: US$37.3b

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

Axis Bank

Market Cap: ₹3.3t

Provides various financial products and services in India and internationally.

China Unicom (Hong Kong)

Market Cap: HK$288.8b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.