Croatian Utilities Defensive Blue Chips

Arab National Bank

Market Cap: ر.س42.7b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥76.7b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

Henan Shijia Photons Technology

Market Cap: CN¥76.6b

Henan Shijia Photons Technology Co., Ltd.

Harel Insurance Investments & Financial Services

Market Cap: ₪32.9b

Offers insurance and financial services in Israel, Europe, and internationally.

ASMPT

Market Cap: HK$88.1b

An investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries internationally.

Budweiser Brewing Company APAC

Market Cap: HK$87.9b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Alchip Technologies

Market Cap: NT$352.2b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

American Financial Group

Market Cap: US$11.1b

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

Hong Leong Bank Berhad

Market Cap: RM 45.1b

Operates as a financial services company in Malaysia and internationally.

Alpha Bank

Market Cap: €9.6b

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

Marico

Market Cap: ₹1.0t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Quebecor

Market Cap: CA$15.5b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Caixa Seguridade Participações

Market Cap: R$56.2b

Provides insurance products in Brazil and internationally.

Centrica

Market Cap: UK£8.2b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

FormFactor

Market Cap: US$10.9b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Manila Electric

Market Cap: ₱659.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Mowi

Market Cap: NOK 103.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

Rockchip Electronics

Market Cap: CN¥73.4b

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

King Yuan Electronics

Market Cap: NT$343.0b

Designs, manufactures, sells, tests, and assembles integrated circuits.

OPC Energy

Market Cap: ₪31.6b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Interconexión Eléctrica E.S.P

Market Cap: Col$37.0t

Engages in the electric power, roads, and ICT and telecommunications business activities.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥72.9b

Beijing Huafeng Test & Control Technology Co.,Ltd.

WinWay Technology

Market Cap: NT$340.6b

Designs, processes, and sells optoelectronic product test fixtures, integrated circuit test interfaces, and fixtures and their components in Taiwan, the Americas, China, Asia, Europe, and Canada.

Baxter International

Market Cap: US$10.7b

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

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Magnum Ice Cream

Market Cap: €9.2b

Engages in the ice cream business in the Netherlands.

Olympus

Market Cap: JP¥1.7t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Chongqing Rural Commercial Bank

Market Cap: HK$83.2b

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

United Nova TechnologyLtd

Market Cap: CN¥71.5b

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

Lotus Bakeries

Market Cap: €9.1b

Provides various snack products in Belgium and internationally.

Wintrust Financial

Market Cap: US$10.6b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Oklo

Market Cap: US$10.6b

Develops fission power plants to provide energy at scale to customers in the United States.

Max Healthcare Institute

Market Cap: ₹998.7b

Provides medical and healthcare services in India.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥71.3b

Engages in the clean energy business in China.

Globalstar

Market Cap: US$10.5b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.