South African Utilities Defensive Blue Chips

Japan Post Holdings

Market Cap: JP¥4.1t

Provides postal, banking, and insurance services in Japan.

AST SpaceMobile

Market Cap: US$27.0b

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

Grupo Financiero Banorte. de

Market Cap: Mex$492.9b

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

Amrize

Market Cap: CHF 21.6b

Focuses on building materials business in North America.

Koninklijke Philips

Market Cap: €23.1b

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

Ajinomoto

Market Cap: JP¥4.1t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Advanced Info Service

Market Cap: ฿868.5b

Operates as a telecommunications and technology company primarily in Thailand.

Bank Hapoalim B.M

Market Cap: ₪86.4b

Provides various banking and financial services in Israel and internationally.

SSE

Market Cap: UK£19.6b

Engages in the generation, transmission, distribution, and supply of electricity.

BNP Paribas Fortis

Market Cap: €22.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

ABN AMRO Bank

Market Cap: €22.4b

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.

Cincinnati Financial

Market Cap: US$25.9b

Provides property casualty insurance products in the United States.

DexCom

Market Cap: US$25.9b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €22.3b

Provides retail and commercial banking services in Italy.

Bank of Jiangsu

Market Cap: CN¥184.1b

Provides various banking products and services in China.

Svenska Handelsbanken

Market Cap: SEK 243.2b

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

VERBUND

Market Cap: €22.2b

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$200.2b

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

Nestlé India

Market Cap: ₹2.3t

Engages in the manufacture and sale of food products in India and internationally.

STMicroelectronics

Market Cap: €22.0b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س96.0b

Provides private health and ancillary services.

ASE Technology Holding

Market Cap: NT$778.5b

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

OmniVision Integrated Circuits Group

Market Cap: CN¥181.7b

OmniVision Integrated Circuits Group, Inc.

EnBW Energie Baden-Württemberg

Market Cap: €21.9b

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł92.0b

Provides various banking products and services in Poland and internationally.

China National Nuclear Power

Market Cap: CN¥179.1b

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

Pernod Ricard

Market Cap: €21.5b

Produces and sells wines and spirits worldwide.

Capitec Bank Holdings

Market Cap: R427.5b

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

Markel Group

Market Cap: US$24.9b

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

Montage Technology

Market Cap: CN¥175.7b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Terumo

Market Cap: JP¥3.8t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp409.7t

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

Huntington Bancshares

Market Cap: US$24.6b

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

Constellation Brands

Market Cap: US$24.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

First Solar

Market Cap: US$24.4b

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

Shinhan Financial Group

Market Cap: ₩34.7t

Provides financial products and services in South Korea and internationally.