Venezuelan Real Estate Defensive Blue Chips

Commerzbank

Market Cap: €37.0b

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.

Rocket Companies

Market Cap: US$43.1b

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

Federal Home Loan Mortgage

Market Cap: US$42.6b

Operates in the secondary mortgage market in the United States.

Orange

Market Cap: €36.3b

Operates as a telecommunications operator in France and internationally.

Heidelberg Materials

Market Cap: €35.7b

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

Emirates NBD Bank PJSC

Market Cap: د.إ153.2b

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

National Bank of Canada

Market Cap: CA$57.8b

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

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.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ152.7b

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

ACWA Power

Market Cap: ر.س155.0b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Target

Market Cap: US$41.3b

Operates as a general merchandise retailer in the United States.

Coca-Cola Europacific Partners

Market Cap: €35.2b

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

Monolithic Power Systems

Market Cap: US$41.1b

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.

QNB Bank

Market Cap: ₺1.7t

Provides various banking products and services in Turkey.

Muyuan Foods

Market Cap: CN¥292.0b

Operates in the hog industry in China.

ResMed

Market Cap: US$40.7b

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.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥288.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Public Service Enterprise Group

Market Cap: US$39.9b

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

Fubon Financial Holding

Market Cap: NT$1.2t

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

Fairfax Financial Holdings

Market Cap: CA$54.7b

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.

Alcon

Market Cap: CHF 31.2b

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

DNB Bank

Market Cap: NOK 387.3b

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

CBZ Holdings

Market Cap: US$5.0b

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

Sysco

Market Cap: US$38.7b

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.

China Unicom (Hong Kong)

Market Cap: HK$301.1b

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

Vulcan Materials

Market Cap: US$38.6b

Produces and supplies construction aggregates in the United States.

Tesco

Market Cap: UK£28.5b

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

Swisscom

Market Cap: CHF 30.5b

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

Erste Group Bank

Market Cap: €32.6b

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

Hershey

Market Cap: US$38.0b

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

Axis Bank

Market Cap: ₹3.3t

Provides various financial products and services in India and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 350.2b

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

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.

NAURA Technology Group

Market Cap: CN¥265.7b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ137.0b

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

Martin Marietta Materials

Market Cap: US$37.0b

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