Ivorian Energy Defensive Blue Chips

Quebecor

Market Cap: CA$15.1b

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

Budweiser Brewing Company APAC

Market Cap: HK$83.9b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

CPFL Energia

Market Cap: R$54.4b

Through its subsidiaries, operates as an energy company in Brazil.

Orkla

Market Cap: NOK 103.7b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Discovery

Market Cap: R173.6b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Manila Electric

Market Cap: ₱649.2b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Alpha Bank

Market Cap: €9.2b

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

Shenyang Fortune Precision Equipment

Market Cap: CN¥70.5b

Shenyang Fortune Precision Equipment Co., Ltd.

Zions Bancorporation National Association

Market Cap: US$10.3b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

J Sainsbury

Market Cap: UK£7.7b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Taiwan Mobile

Market Cap: NT$330.3b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Eneva

Market Cap: R$52.1b

An integrated energy company, engages in the exploration, production, and commercialization of natural gas and liquids in Brazil.

Mowi

Market Cap: NOK 99.3b

A seafood company, produces and sells Atlantic salmon products worldwide.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Interconexión Eléctrica E.S.P

Market Cap: Col$33.2t

Engages in the electric power, roads, and ICT and telecommunications business activities.

ASMPT

Market Cap: HK$79.9b

An investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries internationally.

OPC Energy

Market Cap: ₪30.5b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Old National Bancorp

Market Cap: US$10.2b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Silicon Motion Technology

Market Cap: US$10.2b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Lotus Bakeries

Market Cap: €8.9b

Provides various snack products in Belgium and internationally.

United Spirits

Market Cap: ₹975.2b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

OGE Energy

Market Cap: US$10.1b

Through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

Shree Cement

Market Cap: ₹971.5b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Old Republic International

Market Cap: US$10.1b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Powerchip Semiconductor Manufacturing

Market Cap: NT$323.0b

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.