U.S. Transportation Defensive Blue Chips

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services primarily in Japan.

RenaissanceRe Holdings

Market Cap: US$11.7b

Provides reinsurance and insurance products in the United States and internationally.

WH Group

Market Cap: HK$91.4b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Bankinter

Market Cap: €10.2b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Apollo Hospitals Enterprise

Market Cap: ₹995.4b

Engages in the provision of healthcare services in India and internationally.

Banco Santander-Chile

Market Cap: CL$10.8t

Provides commercial and retail banking products and services in Chile.

Taiwan Mobile

Market Cap: NT$344.8b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥82.6b

Engages in the clean energy business in China.

Pilgrim's Pride

Market Cap: US$11.5b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Eurobank Ergasias Services and Holdings

Market Cap: €10.1b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

GD Power DevelopmentLtd

Market Cap: CN¥82.2b

Operates as a power generation company in China.

Arab National Bank

Market Cap: ر.س42.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Carrefour

Market Cap: €10.0b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Cochlear

Market Cap: AU$17.7b

Provides implantable hearing solutions for children and adults worldwide.

Orkla

Market Cap: NOK 114.9b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Aegon

Market Cap: €10.0b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Banque Saudi Fransi

Market Cap: ر.س42.4b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

ICICI Prudential Life Insurance

Market Cap: ₹966.4b

Provides life insurance, pension, and health insurance products to individuals and groups in India.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.2b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Kasikornbank

Market Cap: ฿366.1b

Provides commercial banking products and services in Thailand and internationally.

Redeia Corporación

Market Cap: €9.8b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

Bank of Chengdu

Market Cap: CN¥79.9b

Provides various commercial banking products and services in China.

National Bank of Greece

Market Cap: €9.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

HKT Trust and HKT

Market Cap: HK$86.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Marico

Market Cap: ₹937.5b

Manufactures and sells consumer products in India.

BKW

Market Cap: CHF 9.0b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Kinsale Capital Group

Market Cap: US$10.9b

Engages in the provision of property and casualty insurance products in the United States.

Ooredoo Q.P.S.C

Market Cap: ر.ق39.6b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Conagra Brands

Market Cap: US$10.8b

Operates as a consumer packaged goods food company primarily in the United States.

Infrastrutture Wireless Italiane

Market Cap: €9.5b

Operates in the electronic communications infrastructure sector in Italy.

ICICI Lombard General Insurance

Market Cap: ₹920.6b

Provides various general insurance products and services in India.

Chongqing Rural Commercial Bank

Market Cap: HK$84.4b

Provides banking services in the People’s Republic of China.

KGI Financial Holding

Market Cap: NT$320.7b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

Molson Coors Beverage

Market Cap: US$10.7b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

CEMEX. de

Market Cap: Mex$206.3b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.