German Utilities Defensive Blue Chips

Amkor Technology

Market Cap: US$19.5b

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

Telecom Italia

Market Cap: €17.1b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Banco de Chile

Market Cap: CL$18.0t

Provides commercial banking services in Chile.

Skyverse Technology

Market Cap: CN¥131.7b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

CK Infrastructure Holdings

Market Cap: HK$151.8b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Koninklijke KPN

Market Cap: €16.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

Bank of Ireland Group

Market Cap: €16.8b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Banco Santander (Brasil)

Market Cap: R$98.6b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Lattice Semiconductor

Market Cap: US$19.0b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

National Silicon Industry Group

Market Cap: CN¥128.9b

National Silicon Industry Group Co., Ltd.

Pernod Ricard

Market Cap: €16.6b

Produces and sells wines and spirits worldwide.

Yihai Kerry Arawana Holdings

Market Cap: CN¥128.4b

Engages in the agriculture and food processing businesses in China.

Adani Energy Solutions

Market Cap: ₹1.8t

Generates, transmits, and distributes power in India.

NMBZ Holdings

Market Cap: US$2.4b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Bank of Nanjing

Market Cap: CN¥127.0b

Engages in the provision of various financial products and services in China.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

MPI

Market Cap: NT$593.8b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Bank of Shanghai

Market Cap: CN¥126.3b

Provides various banking products and services in China.

Global Unichip

Market Cap: NT$592.3b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

China United Network Communications

Market Cap: CN¥125.7b

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

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 84.1b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Associated British Foods

Market Cap: UK£13.8b

Engages in the food, ingredients, and retail businesses worldwide.

IHH Healthcare Berhad

Market Cap: RM 74.2b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

China Resources Microelectronics

Market Cap: CN¥122.8b

Engages in the manufacture and sale of semiconductors in China and internationally.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Beijing YanDong MicroElectronic

Market Cap: CN¥122.5b

Beijing YanDong MicroElectronic Co., Ltd.

ASPEED Technology

Market Cap: NT$575.0b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Zimmer Biomet Holdings

Market Cap: US$18.0b

Operates as a medical technology company worldwide.

SinoPac Financial Holdings

Market Cap: NT$572.4b

Through its subsidiaries, provides banking services worldwide.

Saudi Awwal Bank

Market Cap: ر.س67.2b

Provides banking and financial services in the Kingdom of Saudi Arabia.

CEMEX. de

Market Cap: Mex$312.1b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Enpara Bank

Market Cap: ₺829.6b

Provides banking services and products in Turkey.

Vodacom Group

Market Cap: R291.7b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

SiTime

Market Cap: US$17.7b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

East West Bancorp

Market Cap: US$17.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.