French Utilities Defensive Blue Chips

Etihad Etisalat

Market Cap: ر.س48.9b

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

iA Financial

Market Cap: CA$18.3b

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

J. M. Smucker

Market Cap: US$12.9b

Manufactures and markets branded food and beverage products worldwide.

Banque Saudi Fransi

Market Cap: ر.س48.6b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

KT&G

Market Cap: ₩18.9t

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

Bank of Baroda

Market Cap: ₹1.2t

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

Carrefour

Market Cap: €11.3b

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

Osaka Gas

Market Cap: JP¥2.1t

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

Israel Discount Bank

Market Cap: ₪39.1b

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

Nova

Market Cap: US$12.8b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Origin Energy

Market Cap: AU$18.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Dangote Cement

Market Cap: ₦17.3t

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

China Resources Power Holdings

Market Cap: HK$99.3b

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

HDFC Life Insurance

Market Cap: ₹1.2t

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

Brown-Forman

Market Cap: US$12.7b

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

Nexchip Semiconductor

Market Cap: CN¥85.2b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Align Technology

Market Cap: US$12.6b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.1t

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

Penumbra

Market Cap: US$12.6b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$406.9b

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

Webster Financial

Market Cap: US$12.5b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

HKT Trust and HKT

Market Cap: HK$97.4b

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.

Jerónimo Martins SGPS

Market Cap: €10.9b

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

Coca-Cola Consolidated

Market Cap: US$12.4b

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

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

CP ALL

Market Cap: ฿414.4b

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

National Silicon Industry Group

Market Cap: CN¥83.6b

National Silicon Industry Group Co., Ltd.

Rockchip Electronics

Market Cap: CN¥83.3b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Almarai

Market Cap: ر.س46.1b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥82.0b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.1b

Operates membership warehouse clubs on the eastern half of the United States.

First Horizon

Market Cap: US$12.1b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Tele2

Market Cap: SEK 117.0b

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

Baxter International

Market Cap: US$12.1b

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

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Caixa Seguridade Participações

Market Cap: R$61.5b

Provides insurance products in Brazil and internationally.