Chinese Telecom Defensive Blue Chips

Avenue Supermarts

Market Cap: ₹2.6t

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

China Everbright Bank

Market Cap: CN¥183.4b

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.

MACOM Technology Solutions Holdings

Market Cap: US$27.0b

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

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.5b

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

First Solar

Market Cap: US$26.8b

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

PPL

Market Cap: US$26.8b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥180.7b

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

Veeva Systems

Market Cap: US$26.6b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Yuanjie Semiconductor Technology

Market Cap: CN¥180.2b

Yuanjie Semiconductor Technology Co., Ltd.

W. R. Berkley

Market Cap: US$26.6b

An insurance holding company, operates as a commercial line writer worldwide.

BT Group

Market Cap: UK£19.8b

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

Tower Semiconductor

Market Cap: US$26.3b

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

EnBW Energie Baden-Württemberg

Market Cap: €22.8b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥177.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Cincinnati Financial

Market Cap: US$25.7b

Provides property casualty insurance products in the United States.

Telefónica

Market Cap: €22.0b

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.1t

Operates as a trust bank in Japan and internationally.

QBE Insurance Group

Market Cap: AU$36.3b

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

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Willis Towers Watson

Market Cap: US$24.9b

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

Helvetia Baloise Holding

Market Cap: CHF 19.9b

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

Bunge Global

Market Cap: US$24.9b

Operates as an agribusiness and food company worldwide.

BNP Paribas Fortis

Market Cap: €21.5b

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

Aviva

Market Cap: UK£18.5b

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

American Water Works Company

Market Cap: US$24.7b

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

New China Life Insurance

Market Cap: CN¥167.3b

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

AIB Group

Market Cap: €21.3b

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

Snam

Market Cap: €21.4b

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

Koninklijke Philips

Market Cap: €21.2b

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

Banco BPM

Market Cap: €21.2b

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

National Bank of KuwaitK.P

Market Cap: د.ك7.6b

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.

Constellation Brands

Market Cap: US$24.4b

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

Regions Financial

Market Cap: US$24.4b

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

Fresenius SE KGaA

Market Cap: €21.0b

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

First Citizens BancShares

Market Cap: US$24.3b

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 General

Market Cap: US$24.3b

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