Brazilian Telecom Defensive Blue Chips

LONGi Green Energy Technology

Market Cap: CN¥89.4b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Fidelity National Financial

Market Cap: US$13.1b

Provides various insurance products in the United States.

Erie Indemnity

Market Cap: US$13.1b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

SG Micro

Market Cap: CN¥88.8b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥88.7b

Shanghai United Imaging Healthcare Co., Ltd.

Banque Cantonale Vaudoise

Market Cap: CHF 10.5b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Kinsus Interconnect Technology

Market Cap: NT$418.9b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Piraeus Bank

Market Cap: €11.3b

Provides various banking products and services in Greece, Europe, and internationally.

Banque Saudi Fransi

Market Cap: ر.س48.6b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Wens Foodstuff Group

Market Cap: CN¥87.5b

Engages in the agricultural and animal husbandry businesses in China and internationally.

Shenyang Fortune Precision Equipment

Market Cap: CN¥87.4b

Shenyang Fortune Precision Equipment Co., Ltd.

KINGSEMI

Market Cap: CN¥87.0b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Fresenius Medical Care

Market Cap: €11.2b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Smith & Nephew

Market Cap: UK£9.5b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥86.6b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Dangote Cement

Market Cap: ₦17.5t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Rockchip Electronics

Market Cap: CN¥86.6b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

iA Financial

Market Cap: CA$18.0b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Etihad Etisalat

Market Cap: ر.س47.7b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

WH Group

Market Cap: HK$99.6b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Caixa Seguridade Participações

Market Cap: R$64.8b

Provides insurance products in Brazil and internationally.

CP ALL

Market Cap: ฿421.1b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Anhui Conch Cement

Market Cap: CN¥85.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Origin Energy

Market Cap: AU$18.1b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Align Technology

Market Cap: US$12.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Penumbra

Market Cap: US$12.5b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

United Nova TechnologyLtd

Market Cap: CN¥84.7b

Manufactures and markets power discrete and modules in China and internationally.

Israel Discount Bank

Market Cap: ₪37.5b

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

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Almarai

Market Cap: ر.س46.7b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

MTN Nigeria Communications

Market Cap: ₦17.0t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.