Egyptian Utilities Defensive Blue Chips

HKT Trust and HKT

Market Cap: HK$89.5b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Tele2

Market Cap: SEK 109.6b

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

Airtel Africa

Market Cap: UK£8.6b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services in Japan.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.8b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Baloise Holding

Market Cap: CHF 9.1b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

IDBI Bank

Market Cap: ₹1.0t

Provides banking and financial solutions to retail and corporate customers in India.

Tsingtao Brewery

Market Cap: CN¥80.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

SinoPac Financial Holdings

Market Cap: NT$345.3b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫296.4t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Raiffeisen Bank International

Market Cap: €9.7b

Offers banking services to corporate, private, and institutional customers.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م101.9b

Provides various telecommunication solutions in Morocco and internationally.

Kinsale Capital Group

Market Cap: US$11.1b

Engages in the provision of property and casualty insurance products in the United States.

China Zheshang Bank

Market Cap: HK$86.3b

Provides various commercial banking products and services in Mainland China.

Mowi

Market Cap: NOK 111.7b

A seafood company, produces and sells Atlantic salmon products worldwide.

Globe Life

Market Cap: US$11.1b

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

Assurant

Market Cap: US$11.0b

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

JCET Group

Market Cap: CN¥78.3b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫289.3t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Shanghai Rural Commercial Bank

Market Cap: CN¥78.2b

Provides a range of banking products and services to individual and corporate customers in China.

Piraeus Financial Holdings

Market Cap: €9.5b

Provides banking products and services in Greece and internationally.

Skyworks Solutions

Market Cap: US$10.9b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Taiwan Mobile

Market Cap: NT$334.2b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Molina Healthcare

Market Cap: US$10.9b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces.

mBank

Market Cap: zł39.9b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Waaree Energies

Market Cap: ₹958.8b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Manila Electric

Market Cap: ₱628.9b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Jentech Precision Industrial

Market Cap: NT$328.7b

Manufactures and sells precision molds and its material worldwide.

Far EasTone Telecommunications

Market Cap: NT$328.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Coca-Cola Consolidated

Market Cap: US$10.7b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

United Spirits

Market Cap: ₹949.3b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥76.2b

Beijing E-Town Semiconductor Technology Co., Ltd.

ING Bank Slaski

Market Cap: zł39.3b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Osaka Gas

Market Cap: JP¥1.6t

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

Industrial Bank of Korea

Market Cap: ₩15.1t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.