Tunisian Capital Goods Defensive Blue Chips

Amrize

Market Cap: CHF 21.9b

Focuses on building materials business in North America.

Grupo Financiero Banorte. de

Market Cap: Mex$499.7b

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

Bank of Ningbo

Market Cap: CN¥194.1b

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

CGN Power

Market Cap: HK$211.5b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Aviva

Market Cap: UK£20.6b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Sompo Holdings

Market Cap: JP¥4.2t

Provides property and casualty insurance services in Japan and internationally.

Svenska Handelsbanken

Market Cap: SEK 254.9b

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

Archer-Daniels-Midland

Market Cap: US$26.9b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Koninklijke Philips

Market Cap: €23.2b

Operates as a health technology company in North America, the Greater China, and internationally.

Japan Post Holdings

Market Cap: JP¥4.1t

Provides postal, banking, and insurance services in Japan.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥191.0b

Advanced Micro-Fabrication Equipment Inc.

Brown & Brown

Market Cap: US$26.8b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

VERBUND

Market Cap: €23.1b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

China Tower

Market Cap: HK$207.5b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Capitec Bank Holdings

Market Cap: R452.5b

Through its subsidiaries, provides various banking products and services in South Africa.

New China Life Insurance

Market Cap: CN¥187.8b

Provides life insurance products and services to individuals and institutions in China.

OTP Bank Nyrt

Market Cap: Ft8.8t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł96.2b

Provides various banking products and services in Poland and internationally.

Bank Mandiri (Persero)

Market Cap: Rp436.8t

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

China National Nuclear Power

Market Cap: CN¥186.3b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

ABN AMRO Bank

Market Cap: €22.5b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Markel Group

Market Cap: US$26.0b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Cincinnati Financial

Market Cap: US$26.0b

Provides property casualty insurance products in the United States.

STERIS

Market Cap: US$25.9b

Provides infection prevention products and services worldwide.

Shinhan Financial Group

Market Cap: ₩37.9t

Provides financial products and services in South Korea and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥4.0t

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

Huaneng Lancang River Hydropower

Market Cap: CN¥182.4b

Engages in the development, construction, operation, and management of hydropower projects.

Yihai Kerry Arawana Holdings

Market Cap: CN¥182.4b

Engages in the agriculture and food processing businesses in China.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

JD Health International

Market Cap: HK$196.7b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

AST SpaceMobile

Market Cap: US$25.2b

Designs and develops the constellation of BlueBird satellites in the United States.

American Water Works Company

Market Cap: US$25.2b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥178.7b

Inner Mongolia Yili Industrial Group Co., Ltd.

Ørsted

Market Cap: DKK 160.4b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Huntington Bancshares

Market Cap: US$24.9b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

Veolia Environnement

Market Cap: €21.4b

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