Brazilian Telecom Defensive Blue Chips

Avenue Supermarts

Market Cap: ₹2.7t

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

Power Grid Corporation of India

Market Cap: ₹2.6t

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

Amrize

Market Cap: CHF 22.2b

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

Willis Towers Watson

Market Cap: US$27.3b

Operates as an advisory, broking, and solutions company worldwide.

Fresenius SE KGaA

Market Cap: €23.8b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Cincinnati Financial

Market Cap: US$27.1b

Provides property casualty insurance products in the United States.

China National Nuclear Power

Market Cap: CN¥183.3b

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

BIWIN Storage Technology

Market Cap: CN¥183.2b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.8b

Engages in the development, manufacture, and sale of chocolate products worldwide.

PPL

Market Cap: US$26.8b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Shenzhen Techwinsemi Technology

Market Cap: CN¥181.5b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

JCET Group

Market Cap: CN¥180.9b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Banco BPM

Market Cap: €23.3b

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

Aviva

Market Cap: UK£19.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Huaneng Lancang River Hydropower

Market Cap: CN¥179.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

George Weston

Market Cap: CA$37.3b

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

QBE Insurance Group

Market Cap: AU$38.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Helvetia Baloise Holding

Market Cap: CHF 21.1b

Engages in life and non-life insurance, and reinsurance business.

Koninklijke Philips

Market Cap: €22.9b

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

Regions Financial

Market Cap: US$26.1b

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

China Everbright Bank

Market Cap: CN¥175.0b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

EnBW Energie Baden-Württemberg

Market Cap: €22.5b

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

Tower Semiconductor

Market Cap: US$25.5b

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

Dollar General

Market Cap: US$25.5b

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

Banco de Crédito del Perú

Market Cap: S/86.8b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

American Water Works Company

Market Cap: US$25.5b

Through its subsidiaries, provides water and wastewater services in the United States.

MTN Group

Market Cap: R413.9b

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

New China Life Insurance

Market Cap: CN¥172.0b

Provides life insurance products and services to individuals and institutions in China.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

BNP Paribas Fortis

Market Cap: €22.2b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥171.2b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

China Unicom (Hong Kong)

Market Cap: HK$195.8b

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

AIB Group

Market Cap: €21.8b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

KeyCorp

Market Cap: US$24.9b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.7b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

BT Group

Market Cap: UK£18.4b

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