U.S. Transportation Defensive Blue Chips

AST SpaceMobile

Market Cap: US$27.3b

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

Regions Financial

Market Cap: US$27.3b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Banco de Crédito del Perú

Market Cap: S/92.5b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

GLOBALFOUNDRIES

Market Cap: US$27.1b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Tower Semiconductor

Market Cap: US$27.0b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operation of supermarkets under the D-Mart brand name in India.

Huaneng Lancang River Hydropower

Market Cap: CN¥181.7b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

China National Nuclear Power

Market Cap: CN¥181.6b

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

TS Financial Holding

Market Cap: NT$866.5b

Provides various financial products and services.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥181.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

BT Group

Market Cap: UK£19.8b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.6b

Engages in the development, manufacture, and sale of chocolate products worldwide.

American Water Works Company

Market Cap: US$26.6b

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

Mediobanca Banca di Credito Finanziario

Market Cap: €23.0b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

PPL

Market Cap: US$26.5b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Helvetia Baloise Holding

Market Cap: CHF 21.4b

Engages in life and non-life insurance, and reinsurance business.

Power Grid Corporation of India

Market Cap: ₹2.5t

An electric power transmission utility, engages in the power transmission business in India and internationally.

First Solar

Market Cap: US$26.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥176.2b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

China Everbright Bank

Market Cap: CN¥176.1b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

AIB Group

Market Cap: €22.6b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Huadian New Energy Group

Market Cap: CN¥175.6b

Engages in the power generation business in China.

Koninklijke Philips

Market Cap: €22.5b

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

Quest Diagnostics

Market Cap: US$25.8b

Provides diagnostic testing and services in the United States.

Barito Renewables Energy

Market Cap: Rp460.2t

Generates and sells power through geothermal and wind resources in Indonesia.

National Bank of KuwaitK.P

Market Cap: د.ك7.9b

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.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp457.7t

Provides various banking products and services in Indonesia and internationally.

New China Life Insurance

Market Cap: CN¥172.9b

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

QBE Insurance Group

Market Cap: AU$36.4b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.0b

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

China Unicom (Hong Kong)

Market Cap: HK$198.4b

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

First Citizens BancShares

Market Cap: US$25.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Labcorp Holdings

Market Cap: US$25.3b

Provides laboratory services.

Hana Financial Group

Market Cap: ₩35.9t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Public Bank Berhad

Market Cap: RM 101.5b

Provides banking products and services.

Dollar Tree

Market Cap: US$24.7b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.