Brazilian Telecom Defensive Blue Chips

Dosilicon

Market Cap: CN¥77.3b

Engages in the design, research and development, and sale of semiconductor chips worldwide.

KINGSEMI

Market Cap: CN¥77.2b

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

Baxter International

Market Cap: US$11.4b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Sanlam

Market Cap: R184.4b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Arab National Bank

Market Cap: ر.س42.4b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Industrial Bank of Korea

Market Cap: ₩16.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Bangkok Bank

Market Cap: ฿375.1b

Provides various commercial banking products and services in Thailand and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Maplebear

Market Cap: US$11.2b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Aier Eye Hospital Group

Market Cap: CN¥76.0b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Magnum Ice Cream

Market Cap: €9.8b

Engages in the ice cream business in the Netherlands.

BJ's Wholesale Club Holdings

Market Cap: US$11.1b

Operates membership warehouse clubs on the eastern half of the United States.

Hangzhou Silan Microelectronics

Market Cap: CN¥75.0b

Engages in the research, design, development, production, and sale of electronic components in China.

United Nova TechnologyLtd

Market Cap: CN¥75.0b

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

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥74.8b

Engages in the generation and sale of electricity in China.

Hong Leong Bank Berhad

Market Cap: RM 44.9b

Operates as a financial services company in Malaysia and internationally.

Quebecor

Market Cap: CA$15.6b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Encompass Health

Market Cap: US$10.9b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Insulet

Market Cap: US$10.9b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥73.9b

Engages in commercial banking business in China.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Ryan Specialty Holdings

Market Cap: US$10.9b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪32.7b

Offers insurance and financial services in Israel, Europe, and internationally.

Absa Group

Market Cap: R176.8b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Guangdong Haid Group

Market Cap: CN¥73.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

UMB Financial

Market Cap: US$10.8b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Circuit Fabology Microelectronics Equipment

Market Cap: CN¥72.8b

Circuit Fabology Microelectronics Equipment Co., Ltd.

Popular

Market Cap: US$10.7b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Wintrust Financial

Market Cap: US$10.7b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

BDO Unibank

Market Cap: ₱656.2b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Alchip Technologies

Market Cap: NT$343.3b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Unigroup Guoxin Microelectronics

Market Cap: CN¥72.1b

Unigroup Guoxin Microelectronics Co., Ltd.