Croatian Telecom Defensive Blue Chips

Hangzhou Silan Microelectronics

Market Cap: CN¥88.6b

Engages in the research, design, development, production, and sale of electronic components in China.

SG Micro

Market Cap: CN¥88.4b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$23.0b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Coloplast

Market Cap: DKK 85.0b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Britannia Industries

Market Cap: ₹1.2t

Manufactures and sells various food products in India and internationally.

United Utilities Group

Market Cap: UK£9.8b

Provides water and wastewater services in the United Kingdom.

Brown-Forman

Market Cap: US$12.9b

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

Osaka Gas

Market Cap: JP¥2.1t

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

Insurance Australia Group

Market Cap: AU$18.8b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Anhui Conch Cement

Market Cap: CN¥87.6b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Smith & Nephew

Market Cap: UK£9.7b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Origin Energy

Market Cap: AU$18.7b

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.

Coca-Cola Consolidated

Market Cap: US$12.8b

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

ROHM

Market Cap: JP¥2.1t

Manufactures and sells electronic components worldwide.

Banque Cantonale Vaudoise

Market Cap: CHF 10.2b

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

Realtek Semiconductor

Market Cap: NT$403.6b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.1t

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

Banque Saudi Fransi

Market Cap: ر.س47.5b

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

Eastroc Beverage (Group)

Market Cap: CN¥85.9b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Piraeus Bank

Market Cap: €11.1b

Provides various banking products and services in Greece, Europe, and internationally.

Fidelity National Financial

Market Cap: US$12.6b

Provides various insurance products in the United States.

Jerónimo Martins SGPS

Market Cap: €10.9b

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

Dosilicon

Market Cap: CN¥84.7b

Engages in the design, research and development, and sale of semiconductor chips worldwide.

Penumbra

Market Cap: US$12.5b

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

United Nova TechnologyLtd

Market Cap: CN¥84.4b

Manufactures and markets power discrete and modules in China and internationally.

Align Technology

Market Cap: US$12.4b

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

Tele2

Market Cap: SEK 120.4b

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

SK Telecom

Market Cap: ₩19.2t

Engages in the provision of wireless telecommunication services in South Korea.

Rambus

Market Cap: US$12.4b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Erie Indemnity

Market Cap: US$12.4b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Turkiye Garanti Bankasi

Market Cap: ₺576.7b

Provides various banking products and services in Turkey.

J. M. Smucker

Market Cap: US$12.4b

Manufactures and markets branded food and beverage products worldwide.

Absa Group

Market Cap: R202.3b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

CP ALL

Market Cap: ฿409.9b

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

Shanghai United Imaging Healthcare

Market Cap: CN¥83.7b

Shanghai United Imaging Healthcare Co., Ltd.