U.K. Utilities Defensive Blue Chips

Banco Santander (Brasil)

Market Cap: R$111.0b

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

BNP Paribas Fortis

Market Cap: €18.4b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Bank of Nanjing

Market Cap: CN¥143.4b

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

CIMB Group Holdings Berhad

Market Cap: RM 86.0b

Provides various banking products and services in Malaysia and internationally.

Banco de Chile

Market Cap: CL$19.4t

Provides commercial banking services in Chile.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥142.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Banco de Sabadell

Market Cap: €18.2b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

CK Infrastructure Holdings

Market Cap: HK$165.8b

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.

Bank of Ireland Group

Market Cap: €18.1b

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

ACM Research (Shanghai)

Market Cap: CN¥141.0b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Fortum Oyj

Market Cap: €17.8b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

China Tower

Market Cap: HK$161.9b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Cellnex Telecom

Market Cap: €17.7b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Banco do Brasil

Market Cap: R$106.2b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Bank of Shanghai

Market Cap: CN¥138.1b

Provides various banking products and services in China.

Tyson Foods

Market Cap: US$20.5b

Operates as a food company worldwide.

Yihai Kerry Arawana Holdings

Market Cap: CN¥137.7b

Engages in the agriculture and food processing businesses in China.

NMBZ Holdings

Market Cap: US$2.6b

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

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

MACOM Technology Solutions Holdings

Market Cap: US$20.4b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Alinma Bank

Market Cap: ر.س76.2b

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

Pernod Ricard

Market Cap: €17.4b

Produces and sells wines and spirits worldwide.

China United Network Communications

Market Cap: CN¥135.4b

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

Technoprobe

Market Cap: €17.3b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

ASPEED Technology

Market Cap: NT$640.4b

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

Mizrahi Tefahot Bank

Market Cap: ₪59.6b

Provides various banking services in Israel and internationally.

Erste Bank Polska

Market Cap: zł73.2b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

E.SUN Financial Holding Company

Market Cap: NT$631.5b

Offers various financial banking products and services in Taiwan.

Associated British Foods

Market Cap: UK£14.5b

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

JCET Group

Market Cap: CN¥132.5b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Lasertec

Market Cap: JP¥3.1t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

BE Semiconductor Industries

Market Cap: €16.8b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Telenor

Market Cap: NOK 182.4b

Operates as a telecommunication company worldwide.

Arca Continental. de

Market Cap: Mex$331.4b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Carlsberg

Market Cap: DKK 124.9b

Produces and markets beer, soft drinks, and other beverage products in Western Europe, Asia, Central and Eastern Europe, India, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩26.9t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.