Spanish Telecom Defensive Blue Chips

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ221.4b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Great-West Lifeco

Market Cap: CA$83.2b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Truist Financial

Market Cap: US$59.2b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Aflac

Market Cap: US$58.6b

Through its subsidiaries, provides supplemental health and life insurance products.

United Microelectronics

Market Cap: NT$1.9t

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Saudi Telecom

Market Cap: ر.س218.2b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

CRH

Market Cap: US$57.7b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

National Bank of Canada

Market Cap: CA$80.4b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Singapore Telecommunications

Market Cap: S$72.2b

Provides telecommunication services in Singapore, Australia, and internationally.

Monolithic Power Systems

Market Cap: US$56.4b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Industrial Bank

Market Cap: CN¥375.6b

Provides banking products and services in the People’s Republic of China.

Nongfu Spring

Market Cap: HK$438.2b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

NXP Semiconductors

Market Cap: US$55.2b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Erste Group Bank

Market Cap: €47.5b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

United Overseas Bank

Market Cap: S$69.1b

Provides banking products and services worldwide.

Cardinal Health

Market Cap: US$54.1b

Operates as a healthcare services and products company in the United States and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ197.0b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Sempra

Market Cap: US$53.4b

Engages in the regulated utilities business in the United States and Mexico.

E.ON

Market Cap: €46.5b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Teradyne

Market Cap: US$53.3b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Life Insurance Corporation of India

Market Cap: ₹5.1t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Nanya Technology

Market Cap: NT$1.7t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Alimentation Couche-Tard

Market Cap: CA$73.5b

Operates and licenses convenience stores in North America, Europe, and Asia.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ191.0b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Commerzbank

Market Cap: €45.1b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia.

Loblaw Companies

Market Cap: CA$72.2b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Edwards Lifesciences

Market Cap: US$51.5b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Endesa

Market Cap: €44.8b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥334.6b

Advanced Micro-Fabrication Equipment Inc.

Swiss Re

Market Cap: CHF 41.0b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Becton Dickinson

Market Cap: US$49.5b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

RWE

Market Cap: €43.0b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Siemens Healthineers

Market Cap: €42.8b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Entergy

Market Cap: US$48.9b

Engages in the production and retail distribution of electricity in the United States.

MS&AD Insurance Group Holdings

Market Cap: JP¥7.6t

An insurance holding company, engages in the provision of insurance and financial services worldwide.