Colombian Utilities Defensive Blue Chips

Luzhou LaojiaoLtd

Market Cap: CN¥197.0b

Produces and sells alcoholic products in China and internationally.

Advanced Info Service

Market Cap: ฿889.3b

Operates as a telecommunications and technology company primarily in Thailand.

Bank Mandiri (Persero)

Market Cap: Rp448.0t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Hang Seng Bank

Market Cap: HK$210.0b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

W. R. Berkley

Market Cap: US$26.9b

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

Power Corporation of Canada

Market Cap: CA$36.9b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Ajinomoto

Market Cap: JP¥4.0t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Terumo

Market Cap: JP¥3.9t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Atmos Energy

Market Cap: US$26.6b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

SSE

Market Cap: UK£19.6b

Engages in the generation, transmission, distribution, and supply of electricity.

China Tower

Market Cap: HK$205.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Koninklijke Philips

Market Cap: €22.6b

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

China National Nuclear Power

Market Cap: CN¥186.6b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Bank Hapoalim B.M

Market Cap: ₪86.7b

Provides various banking and financial services in Israel and internationally.

Adani Power

Market Cap: ₹2.3t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

JD Health International

Market Cap: HK$202.6b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

First Citizens BancShares

Market Cap: US$25.9b

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.

Svenska Handelsbanken

Market Cap: SEK 246.5b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Bank of Ningbo

Market Cap: CN¥184.8b

Provides various personal and business banking products and services in the People's Republic of China.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

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

Huntington Bancshares

Market Cap: US$25.6b

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

Nestlé India

Market Cap: ₹2.2t

Engages in the manufacture and sale of food products in India and internationally.

CGN Power

Market Cap: HK$196.0b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł92.2b

Provides various banking products and services in Poland and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$469.4b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

VERBUND

Market Cap: €21.5b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Markel Group

Market Cap: US$24.8b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

New China Life Insurance

Market Cap: CN¥177.3b

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

China United Network Communications

Market Cap: CN¥176.6b

Provides telecommunication services in the People’s Republic of China.

STERIS

Market Cap: US$24.5b

Provides infection prevention products and services worldwide.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥175.3b

Inner Mongolia Yili Industrial Group Co., Ltd.

Regions Financial

Market Cap: US$24.5b

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

Yihai Kerry Arawana Holdings

Market Cap: CN¥175.1b

Engages in the agriculture and food processing businesses in China.

George Weston

Market Cap: CA$33.6b

Provides food and drug retailing, and financial services in Canada.

Dollar General

Market Cap: US$24.3b

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

STMicroelectronics

Market Cap: €20.8b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.