German Telecom Defensive Blue Chips

Enpara Bank

Market Cap: ₺691.1b

Provides banking services and products in Turkey.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp256.3t

Provides information and communications technology, and telecommunications network services worldwide.

Huaneng Power International

Market Cap: HK$112.1b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

GlobalWafers

Market Cap: NT$453.7b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Olympus

Market Cap: JP¥2.3t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Assurant

Market Cap: US$14.2b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Unum Group

Market Cap: US$14.2b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥94.9b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Punjab National Bank

Market Cap: ₹1.3t

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

Erie Indemnity

Market Cap: US$14.0b

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

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق51.0b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Israel Discount Bank

Market Cap: ₪41.6b

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

Chubu Electric Power Company

Market Cap: JP¥2.2t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Onto Innovation

Market Cap: US$13.9b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Uni-President Enterprises

Market Cap: NT$441.5b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Etihad Etisalat

Market Cap: ر.س52.0b

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

Pro Medicus

Market Cap: AU$19.3b

A healthcare informatics company, provides medical imaging software and services to hospitals, imaging centers, and health care groups in Australia, Europe, and North America.

Tongfu MicroelectronicsLtd

Market Cap: CN¥93.0b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

LONGi Green Energy Technology

Market Cap: CN¥92.8b

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

Mora Telematika Indonesia

Market Cap: Rp246.0t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Wens Foodstuff Group

Market Cap: CN¥92.5b

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

Aegon

Market Cap: €11.7b

Provides insurance services in the Americas, the Netherlands, the United Kingdom, and internationally.

Baxter International

Market Cap: US$13.7b

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

RenaissanceRe Holdings

Market Cap: US$13.7b

Provides reinsurance and insurance products in the United States and internationally.

Metro

Market Cap: CA$18.9b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Banque Cantonale Vaudoise

Market Cap: CHF 10.8b

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

Anhui Conch Cement

Market Cap: CN¥90.4b

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

J. M. Smucker

Market Cap: US$13.5b

Manufactures and markets branded food and beverage products worldwide.

CNA Financial

Market Cap: US$13.4b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Britannia Industries

Market Cap: ₹1.3t

Engages in manufacturing, trading, and sale of various food products in India 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.

Osaka Gas

Market Cap: JP¥2.1t

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

Jerónimo Martins SGPS

Market Cap: €11.4b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Globe Life

Market Cap: US$13.3b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Brown-Forman

Market Cap: US$13.3b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Hormel Foods

Market Cap: US$13.3b

Develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.