Italian Telecom Defensive Blue Chips

Veeva Systems

Market Cap: US$31.2b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Credicorp

Market Cap: US$31.2b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Bank of Jiangsu

Market Cap: CN¥210.3b

Provides various banking products and services in China.

Veolia Environnement

Market Cap: €27.1b

Designs and provides water, waste, and energy management solutions.

Muyuan Foods Group

Market Cap: CN¥206.8b

Operates as a pork company in the hog farming industry in China.

Bank Hapoalim B.M

Market Cap: ₪92.5b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Citizens Financial Group

Market Cap: US$30.4b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Vodafone Group

Market Cap: UK£22.7b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Ping An Bank

Market Cap: CN¥205.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Svenska Handelsbanken

Market Cap: SEK 291.4b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Bank of Ningbo

Market Cap: CN¥204.3b

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

Ørsted

Market Cap: DKK 196.8b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Kraft Heinz

Market Cap: US$30.0b

Manufactures and markets food and beverage products in North America and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$522.7b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Casey's General Stores

Market Cap: US$29.7b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Atmos Energy

Market Cap: US$29.6b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

GE HealthCare Technologies

Market Cap: US$29.5b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥200.7b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥200.7b

Yuanjie Semiconductor Technology Co., Ltd.

ACM Research (Shanghai)

Market Cap: CN¥200.1b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Qnity Electronics

Market Cap: US$29.4b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

AXIA Energia

Market Cap: R$151.3b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Xi'an ESWIN Material Technology

Market Cap: CN¥199.3b

Xi'an ESWIN Material Technology Co., Ltd.

Cincinnati Financial

Market Cap: US$29.2b

Provides property casualty insurance products in the United States.

Nestlé India

Market Cap: ₹2.8t

Engages in the manufacture and sale of food products in India and internationally.

Naturgy Energy Group

Market Cap: €25.4b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Foshan Haitian Flavouring and Food

Market Cap: CN¥196.8b

Foshan Haitian Flavouring and Food Company Ltd.

Seven & i Holdings

Market Cap: JP¥4.7t

Operates convenience stores in Japan, North America, and internationally.

AST SpaceMobile

Market Cap: US$28.8b

Designs and develops the constellation of BlueBird satellites in the United States.

Huadian New Energy Group

Market Cap: CN¥194.8b

Engages in the power generation business in China.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.7b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Sampo Oyj

Market Cap: €24.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

DexCom

Market Cap: US$28.4b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 22.7b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Amrize

Market Cap: CHF 22.5b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada.

Fresenius SE KGaA

Market Cap: €24.5b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.