Bulgarian Media Defensive Blue Chips

MTN Group

Market Cap: R355.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Heineken Holding

Market Cap: €18.9b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

BE Semiconductor Industries

Market Cap: €18.9b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Bunge Global

Market Cap: US$21.8b

Operates as an agribusiness and food company worldwide.

Bank Mandiri (Persero)

Market Cap: Rp389.2t

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

Mega Financial Holding

Market Cap: NT$691.2b

Provides various financial services in Taiwan.

Riyad Bank

Market Cap: ر.س81.4b

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

Tenet Healthcare

Market Cap: US$21.6b

Operates as a diversified healthcare services company in the United States.

China Minsheng Banking

Market Cap: CN¥145.2b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥145.1b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Banco Santander (Brasil)

Market Cap: R$112.1b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س80.6b

Provides private health and support services in the Kingdom of Saudi Arabia.

SiTime

Market Cap: US$21.4b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Cellnex Telecom

Market Cap: €18.3b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

China Tower

Market Cap: HK$165.1b

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

MKS

Market Cap: US$21.0b

Provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, China, South Korea, Japan, Taiwan, Singapore, and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 85.0b

Provides various banking products and services in Malaysia and internationally.

Fortum Oyj

Market Cap: €17.8b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪61.0b

Provides various banking services in Israel and internationally.

Bank of Nanjing

Market Cap: CN¥139.3b

Engages in the provision of various financial products and services in China.

Bank of Ireland Group

Market Cap: €17.8b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

CK Infrastructure Holdings

Market Cap: HK$162.0b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Banco de Sabadell

Market Cap: €17.8b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Banco de Chile

Market Cap: CL$18.8t

Provides commercial banking services in Chile.

Tyson Foods

Market Cap: US$20.4b

Operates as a food company worldwide.

Hwatsing Technology

Market Cap: CN¥137.3b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Adani Energy Solutions

Market Cap: ₹1.9t

Generates, transmits, and distributes power in India.

Erste Bank Polska

Market Cap: zł75.0b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Pernod Ricard

Market Cap: €17.4b

Produces and sells wines and spirits worldwide.

Straumann Holding

Market Cap: CHF 16.3b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Banco do Brasil

Market Cap: R$104.9b

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

Yihai Kerry Arawana Holdings

Market Cap: CN¥135.3b

Engages in the agriculture and food processing businesses in China.

China United Network Communications

Market Cap: CN¥135.1b

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

Alinma Bank

Market Cap: ر.س74.7b

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

Bank of Shanghai

Market Cap: CN¥134.0b

Provides various banking products and services in China.

Xi'an ESWIN Material Technology

Market Cap: CN¥132.4b

Xi'an ESWIN Material Technology Co., Ltd.