Bermudian Telecom Defensive Blue Chips

Casey's General Stores

Market Cap: US$31.4b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Bank of Jiangsu

Market Cap: CN¥211.6b

Provides various banking products and services in China.

Talanx

Market Cap: €27.0b

Provides insurance and reinsurance products and services worldwide.

Ping An Bank

Market Cap: CN¥209.2b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Amrize

Market Cap: CHF 24.8b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Piotech

Market Cap: CN¥208.3b

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

Credicorp

Market Cap: US$30.7b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Bank of Ningbo

Market Cap: CN¥207.6b

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

CEZ a. s

Market Cap: Kč643.6b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Grupo Financiero Banorte. de

Market Cap: Mex$530.6b

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

Naturgy Energy Group

Market Cap: €26.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Swiss Life Holding

Market Cap: CHF 24.5b

Provides life, pensions, and financial solutions for private and corporate clients.

Resona Holdings

Market Cap: JP¥4.9t

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

Ørsted

Market Cap: DKK 197.2b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Bank Hapoalim B.M

Market Cap: ₪89.1b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Veolia Environnement

Market Cap: €26.3b

Designs and provides water, waste, and energy management solutions.

Tower Semiconductor

Market Cap: US$30.1b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Centene

Market Cap: US$29.9b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

Avenue Supermarts

Market Cap: ₹2.8t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Yuanjie Semiconductor Technology

Market Cap: CN¥200.1b

Yuanjie Semiconductor Technology Co., Ltd.

Gulf Development

Market Cap: ฿959.9b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Lasertec

Market Cap: JP¥4.7t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Svenska Handelsbanken

Market Cap: SEK 281.2b

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

AXIA Energia

Market Cap: R$147.8b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Muyuan Foods Group

Market Cap: CN¥195.2b

Operates as a pork company in the hog farming industry in China.

Nestlé India

Market Cap: ₹2.7t

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥192.4b

Foshan Haitian Flavouring and Food Company Ltd.

Winbond Electronics

Market Cap: NT$895.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Atmos Energy

Market Cap: US$28.3b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

China National Nuclear Power

Market Cap: CN¥191.3b

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

Citizens Financial Group

Market Cap: US$28.2b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.

BE Semiconductor Industries

Market Cap: €24.6b

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

Barito Renewables Energy

Market Cap: Rp500.3t

Generates and sells power through geothermal and wind resources in Indonesia.

MACOM Technology Solutions Holdings

Market Cap: US$28.0b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Sampo Oyj

Market Cap: €24.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.