Thai Automobiles Defensive Blue Chips

United Overseas Bank

Market Cap: S$57.9b

Provides banking products and services worldwide.

Orange

Market Cap: €38.5b

Operates as a telecommunications operator in France and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.7b

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

Heineken

Market Cap: €38.3b

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

JAPAN POST BANK

Market Cap: JP¥6.6t

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

American International Group

Market Cap: US$44.3b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Alcon

Market Cap: CHF 35.5b

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

UltraTech Cement

Market Cap: ₹3.8t

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.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ158.8b

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

Heidelberg Materials

Market Cap: €36.7b

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

National Bank of Canada

Market Cap: CA$59.0b

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

Public Service Enterprise Group

Market Cap: US$42.6b

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

ResMed

Market Cap: US$41.7b

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.

Standard Chartered

Market Cap: UK£30.7b

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

Coca-Cola Europacific Partners

Market Cap: €35.3b

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

Fubon Financial Holding

Market Cap: NT$1.2t

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

China Unicom (Hong Kong)

Market Cap: HK$309.7b

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

Monolithic Power Systems

Market Cap: US$39.6b

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.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥283.2b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Erste Group Bank

Market Cap: €33.6b

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

Rocket Companies

Market Cap: US$39.0b

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

Axis Bank

Market Cap: ₹3.4t

Provides various financial products and services in India and internationally.

Vulcan Materials

Market Cap: US$38.5b

Produces and supplies construction aggregates in the United States.

DNB Bank

Market Cap: NOK 392.6b

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

Sysco

Market Cap: US$38.0b

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.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.5b

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

Swisscom

Market Cap: CHF 30.1b

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

Huadian New Energy Group

Market Cap: CN¥268.6b

Engages in the power generation business in China.

NTPC

Market Cap: ₹3.2t

Operates as an integrated power company in India.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp608.4t

Provides various banking products and services in Indonesia and internationally.

Fairfax Financial Holdings

Market Cap: CA$51.1b

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.

Skandinaviska Enskilda Banken

Market Cap: SEK 351.2b

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

Martin Marietta Materials

Market Cap: US$36.8b

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

Hartford Insurance Group

Market Cap: US$36.7b

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

Talanx

Market Cap: €31.4b

Provides insurance and reinsurance products and services worldwide.

Great-West Lifeco

Market Cap: CA$50.6b

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