German Telecom Defensive Blue Chips

Shenzhen Techwinsemi Technology

Market Cap: CN¥88.6b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Bank of Baroda

Market Cap: ₹1.3t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Carrefour

Market Cap: €11.2b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Almarai

Market Cap: ر.س49.2b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

KT&G

Market Cap: ₩18.1t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Hormel Foods

Market Cap: US$13.1b

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

Coca-Cola Consolidated

Market Cap: US$13.1b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Brown-Forman

Market Cap: US$13.1b

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

Insurance Australia Group

Market Cap: AU$18.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.9b

Henan Shuanghui Investment & Development Co.,Ltd.

Eastroc Beverage (Group)

Market Cap: CN¥86.8b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.5b

Engages in commercial banking business in China.

Shanghai United Imaging Healthcare

Market Cap: CN¥86.5b

Shanghai United Imaging Healthcare Co., Ltd.

CP ALL

Market Cap: ฿418.8b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Penumbra

Market Cap: US$12.8b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Fidelity National Financial

Market Cap: US$12.7b

Provides various insurance products in the United States.

YTL Power International Berhad

Market Cap: RM 51.1b

An investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪37.7b

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

iA Financial

Market Cap: CA$17.6b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Taiwan Cooperative Financial Holding

Market Cap: NT$401.8b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Fresenius Medical Care

Market Cap: €10.7b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Tele2

Market Cap: SEK 118.7b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Magnum Ice Cream

Market Cap: €10.7b

Engages in the ice cream business in the Netherlands.

Kokusai Electric

Market Cap: JP¥2.0t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

China Resources Power Holdings

Market Cap: HK$96.6b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Lotus Bakeries

Market Cap: €10.6b

Provides various snack products in Belgium and internationally.

Chiba Bank

Market Cap: JP¥2.0t

Provides banking products and services in Japan and internationally.

Smith & Nephew

Market Cap: UK£9.0b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Alpha Bank

Market Cap: €10.5b

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

MTN Nigeria Communications

Market Cap: ₦16.3t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Amkor Technology

Market Cap: US$12.1b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.