Global Utilities Defensive Blue Chips

China Resources Beer (Holdings)

Market Cap: HK$86.8b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

SinoPac Financial Holdings

Market Cap: NT$325.0b

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

ICICI Lombard General Insurance

Market Cap: ₹950.1b

Provides various general insurance products and services in India.

Skyworks Solutions

Market Cap: US$10.9b

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

Kirin Holdings Company

Market Cap: JP¥1.6t

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

Huadong Medicine

Market Cap: CN¥78.4b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Universal Health Services

Market Cap: US$10.9b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Taiwan Mobile

Market Cap: NT$320.6b

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

Giga Device Semiconductor

Market Cap: CN¥77.8b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

Marico

Market Cap: ₹933.4b

Manufactures and sells branded consumer products in India.

Alchip Technologies

Market Cap: NT$317.8b

Engages in the research and development, design, and manufacture of fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.3b

Engages in the clean energy business in China.

Tele2

Market Cap: SEK 103.9b

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

Sembcorp Industries

Market Cap: S$13.8b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Orkla

Market Cap: NOK 109.3b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

DaVita

Market Cap: US$10.7b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Pilgrim's Pride

Market Cap: US$10.7b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

American Financial Group

Market Cap: US$10.6b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

ICICI Prudential Life Insurance

Market Cap: ₹916.5b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Celcomdigi Berhad

Market Cap: RM 45.0b

An investment holding company, provides mobile communication services and related products in Malaysia.

Lasertec

Market Cap: JP¥1.6t

Engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$10.6b

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

Bangkok Dusit Medical Services

Market Cap: ฿340.1b

Operates hospitals in Thailand and internationally.

KT&G

Market Cap: ₩14.6t

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

Sanlam

Market Cap: R184.8b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Waaree Energies

Market Cap: ₹896.9b

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

Sysmex

Market Cap: JP¥1.5t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software in Japan.

Bank Albilad

Market Cap: ر.س39.0b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Bharti Hexacom

Market Cap: ₹896.2b

Provides mobile services, fixed-line telephone, and broadband services to end consumers and business customers under the Airtel brand in India.

Banque Cantonale Vaudoise

Market Cap: CHF 8.3b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Enel Américas

Market Cap: CL$9.9t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Banca Monte dei Paschi di Siena

Market Cap: €8.8b

Engages in the provision of retail and commercial banking services in Italy.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Novatek Microelectronics

Market Cap: NT$301.8b

Engages in research and development, manufacture, and sale of integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications in Taiwan, Asia, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫269.3t

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

Türkiye Is Bankasi

Market Cap: ₺412.5b

Provides various banking products and services in Turkey.