Japanese Telecom Defensive Blue Chips

Fidelity National Financial

Market Cap: US$13.3b

Provides various insurance products in the United States.

Shanghai United Imaging Healthcare

Market Cap: CN¥88.9b

Shanghai United Imaging Healthcare Co., Ltd.

iA Financial

Market Cap: CA$18.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Brown-Forman

Market Cap: US$13.1b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Banque Cantonale Vaudoise

Market Cap: CHF 10.7b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Semtech

Market Cap: US$13.1b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Eastroc Beverage (Group)

Market Cap: CN¥88.1b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Anhui Conch Cement

Market Cap: CN¥88.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

J. M. Smucker

Market Cap: US$13.0b

Manufactures and markets branded food and beverage products worldwide.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Carrefour

Market Cap: €11.2b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

KT&G

Market Cap: ₩18.3t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

WH Group

Market Cap: HK$101.2b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Penumbra

Market Cap: US$12.9b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Align Technology

Market Cap: US$12.9b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Etihad Etisalat

Market Cap: ر.س48.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

BrightSpring Health Services

Market Cap: US$12.9b

Operates as a home and community-based healthcare services platform in the United States.

Almarai

Market Cap: ر.س48.2b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Webster Financial

Market Cap: US$12.8b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

National Silicon Industry Group

Market Cap: CN¥85.6b

National Silicon Industry Group Co., Ltd.

CP ALL

Market Cap: ฿418.8b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥85.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Rockchip Electronics

Market Cap: CN¥85.1b

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

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Coca-Cola Consolidated

Market Cap: US$12.6b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Fresenius Medical Care

Market Cap: €10.9b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Jerónimo Martins SGPS

Market Cap: €10.8b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Smith & Nephew

Market Cap: UK£9.2b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

First Horizon

Market Cap: US$12.4b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

MTN Nigeria Communications

Market Cap: ₦16.9t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.4b

Engages in commercial banking business in China.

Chiba Bank

Market Cap: JP¥2.0t

Provides banking products and services in Japan and internationally.

Alpha Bank

Market Cap: €10.5b

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