Croatian Utilities Defensive Blue Chips

SG Micro

Market Cap: CN¥70.2b

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.

Taiwan Mobile

Market Cap: NT$334.9b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Busy Ming Group

Market Cap: HK$81.0b

Through its subsidiaries, operates as a food and beverage retailer in China.

Old Republic International

Market Cap: US$10.3b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Interconexión Eléctrica E.S.P

Market Cap: Col$32.7t

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

Banca Transilvania

Market Cap: RON 46.6b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Zions Bancorporation National Association

Market Cap: US$10.3b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Novatek Microelectronics

Market Cap: NT$330.4b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Universal Health Services

Market Cap: US$10.2b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Cullen/Frost Bankers

Market Cap: US$10.2b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Medibank Private

Market Cap: AU$14.5b

Provides private health insurance in Australia.

United Nova TechnologyLtd

Market Cap: CN¥68.7b

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

Old National Bancorp

Market Cap: US$10.2b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

CPFL Energia

Market Cap: R$51.6b

Through its subsidiaries, operates as an energy company in Brazil.

Skyworks Solutions

Market Cap: US$10.1b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.