Brazilian Telecom Defensive Blue Chips

Lasertec

Market Cap: JP¥4.0t

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

KeyCorp

Market Cap: US$24.4b

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

Tower Semiconductor

Market Cap: US$24.4b

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

Markel Group

Market Cap: US$24.4b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

First Solar

Market Cap: US$24.1b

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

Coca-Cola HBC

Market Cap: UK£17.8b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Principal Financial Group

Market Cap: US$23.9b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

First Citizens BancShares

Market Cap: US$23.9b

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 Tree

Market Cap: US$23.8b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Snam

Market Cap: €20.8b

Engages in the operation of natural gas transport and storage infrastructure.

Loews

Market Cap: US$23.7b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Hwatsing Technology

Market Cap: CN¥160.2b

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

Aeon

Market Cap: JP¥3.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Terna

Market Cap: €20.4b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Barito Renewables Energy

Market Cap: Rp424.1t

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

Public Bank Berhad

Market Cap: RM 94.9b

Provides banking products and services.

Technoprobe

Market Cap: €20.4b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

MACOM Technology Solutions Holdings

Market Cap: US$23.3b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥157.4b

Inner Mongolia Yili Industrial Group Co., Ltd.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp420.1t

Provides various banking products and services in Indonesia and internationally.

BE Semiconductor Industries

Market Cap: €20.2b

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

Hana Financial Group

Market Cap: ₩34.6t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Quest Diagnostics

Market Cap: US$23.0b

Provides diagnostic testing and services in the United States.

Brown & Brown

Market Cap: US$23.0b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

NN Group

Market Cap: €20.0b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Suzhou Centec Communications

Market Cap: CN¥155.3b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Labcorp Holdings

Market Cap: US$22.8b

Provides laboratory services.

VERBUND

Market Cap: €19.8b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥153.6b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Constellation Brands

Market Cap: US$22.6b

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

Sigma Healthcare

Market Cap: AU$32.4b

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

Telefónica

Market Cap: €19.6b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Bunge Global

Market Cap: US$22.4b

Operates as an agribusiness and food company worldwide.

Entegris

Market Cap: US$22.3b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Banco do Brasil

Market Cap: R$114.2b

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