Italian Energy Defensive Blue Chips

Hana Financial Group

Market Cap: ₩35.2t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Snam

Market Cap: €21.0b

Engages in the operation of natural gas transport and storage infrastructure.

First Citizens BancShares

Market Cap: US$23.8b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Suzhou Centec Communications

Market Cap: CN¥161.1b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

NN Group

Market Cap: €20.8b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Terna

Market Cap: €20.8b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

VERBUND

Market Cap: €20.8b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Loews

Market Cap: US$23.6b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Banco do Brasil

Market Cap: R$119.5b

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

Dollar Tree

Market Cap: US$23.5b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

BNP Paribas Fortis

Market Cap: €20.6b

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

Principal Financial Group

Market Cap: US$23.4b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Coca-Cola HBC

Market Cap: UK£17.6b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Quest Diagnostics

Market Cap: US$23.2b

Provides diagnostic testing and services in the United States.

Sigma Healthcare

Market Cap: AU$33.0b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Labcorp Holdings

Market Cap: US$23.1b

Provides laboratory services.

Telefónica

Market Cap: €20.2b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Bank Mandiri (Persero)

Market Cap: Rp408.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Technoprobe

Market Cap: €19.9b

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

Aeon

Market Cap: JP¥3.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Constellation Brands

Market Cap: US$22.6b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

China Jushi

Market Cap: CN¥152.2b

Manufactures and sells fiberglass and related products in China and internationally.

Winbond Electronics

Market Cap: NT$724.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Riyad Bank

Market Cap: ر.س84.0b

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

China Minsheng Banking

Market Cap: CN¥150.8b

Provides banking products and services in the People's Republic of China.

Grupo Cibest

Market Cap: Col$71.2t

Provides various banking products and services in Colombia and internationally.

Brown & Brown

Market Cap: US$22.2b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥150.0b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Mega Financial Holding

Market Cap: NT$714.2b

Provides various financial services in Taiwan.

First Solar

Market Cap: US$22.1b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.1b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Coles Group

Market Cap: AU$31.4b

Operates as a retailer in Australia.

China Tower

Market Cap: HK$171.8b

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

Telefônica Brasil

Market Cap: R$110.9b

Operates as a mobile telecommunications company in Brazil.

Raiffeisen Bank International

Market Cap: €19.0b

Offers banking services to corporate, retail, and institutional customers.