Italian Utilities Defensive Blue Chips

Banco de Sabadell

Market Cap: €15.4b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Luzhou LaojiaoLtd

Market Cap: CN¥119.1b

Produces and sells alcoholic products in China and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 80.4b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

East West Bancorp

Market Cap: US$17.4b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Banco Comercial Português

Market Cap: €15.2b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪51.2b

Provides various banking services in Israel and internationally.

Airtel Africa

Market Cap: UK£13.1b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Vodacom Group

Market Cap: R284.4b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$533.7b

Provides financial services in Taiwan and internationally.

Zimmer Biomet Holdings

Market Cap: US$16.9b

Operates as a medical technology company worldwide.

GlobalWafers

Market Cap: NT$530.7b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Bank of Hangzhou

Market Cap: CN¥113.4b

Provides various banking products and services in China.

Bank Polska Kasa Opieki

Market Cap: zł61.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Hwatsing Technology

Market Cap: CN¥112.0b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

OmniVision Integrated Circuits Group

Market Cap: CN¥111.7b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

KGI Financial Holding

Market Cap: NT$522.0b

Operates as a financial company in Taiwan and internationally.

Elia Group

Market Cap: €14.4b

Develops and operates as a transmission system operator in Belgium and Germany.

mBank

Market Cap: zł61.0b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Huaneng Power International

Market Cap: HK$127.8b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Performance Food Group

Market Cap: US$16.2b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

FinecoBank Banca Fineco

Market Cap: €14.1b

Provides banking, credit, trading and investment services in Italy.

ING Bank Slaski

Market Cap: zł59.8b

Provides various banking products and services for retail clients and businesses in Poland.

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Onto Innovation

Market Cap: US$15.9b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

National Bank of Greece

Market Cap: €13.8b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥106.9b

Beijing YanDong MicroElectronic Co., Ltd.

National Silicon Industry Group

Market Cap: CN¥106.4b

National Silicon Industry Group Co., Ltd.

Powszechny Zaklad Ubezpieczen

Market Cap: zł58.3b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Banco Santander-Chile

Market Cap: CL$13.9t

Provides commercial and retail banking products and services in Chile.

Bank of Beijing

Market Cap: CN¥105.9b

Provides various banking services to individuals and corporates in China.

Hua Xia Bank

Market Cap: CN¥105.5b

Provides commercial banking services in China and Hong Kong.

SDIC Power Holdings

Market Cap: CN¥104.6b

Engages in the electricity generation business in China.

Bankinter

Market Cap: €13.5b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

ASR Nederland

Market Cap: €13.4b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.