Argentinian Utilities Defensive Blue Chips

Inner Mongolia Yili Industrial Group

Market Cap: CN¥173.6b

Inner Mongolia Yili Industrial Group Co., Ltd.

Markel Group

Market Cap: US$24.3b

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

China United Network Communications

Market Cap: CN¥172.9b

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

First Solar

Market Cap: US$24.2b

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

Pernod Ricard

Market Cap: €20.9b

Produces and sells wines and spirits worldwide.

Terumo

Market Cap: JP¥3.7t

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

China Minsheng Banking

Market Cap: CN¥171.6b

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

Shinhan Financial Group

Market Cap: ₩34.2t

Provides financial products and services in South Korea and internationally.

OTP Bank Nyrt

Market Cap: Ft8.1t

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

BT Group

Market Cap: UK£17.9b

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

Standard Bank Group

Market Cap: R411.2b

Provides financial products and services in South Africa and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥169.1b

Engages in the agriculture and food processing businesses in China.

Bank Mandiri (Persero)

Market Cap: Rp394.8t

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

Montage Technology

Market Cap: CN¥168.0b

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

George Weston

Market Cap: CA$32.9b

Provides food and drug retailing, and financial services in Canada.

OmniVision Integrated Circuits Group

Market Cap: CN¥166.3b

OmniVision Integrated Circuits Group, Inc.

STERIS

Market Cap: US$23.2b

Provides infection prevention products and services worldwide.

Labcorp Holdings

Market Cap: US$23.1b

Provides laboratory services.

Huntington Bancshares

Market Cap: US$22.9b

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

Hua Hong Semiconductor

Market Cap: HK$177.5b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Sigma Healthcare

Market Cap: AU$34.8b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Telenor

Market Cap: NOK 225.3b

Operates as a telecommunication company worldwide.

Resona Holdings

Market Cap: JP¥3.4t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Insulet

Market Cap: US$22.1b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ81.2b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Banco BPM

Market Cap: €19.0b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

BPER Banca

Market Cap: €18.9b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

First Citizens BancShares

Market Cap: US$21.8b

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.

Dollar General

Market Cap: US$21.8b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Banco do Brasil

Market Cap: R$119.2b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Kioxia Holdings

Market Cap: JP¥3.3t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

Oklo

Market Cap: US$21.7b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Eastroc Beverage(Group)

Market Cap: CN¥154.2b

Engages in the research and development, production, and sales of beverages in China.

Riyad Bank

Market Cap: ر.س81.1b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Regions Financial

Market Cap: US$21.6b

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

CLP Holdings

Market Cap: HK$166.4b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.