Kuwaiti Telecom Defensive Blue Chips

Magnum Ice Cream

Market Cap: €10.6b

Engages in the ice cream business in the Netherlands.

Alpha Bank

Market Cap: €10.6b

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

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

ROHM

Market Cap: JP¥1.9t

Manufactures and sells electronic components worldwide.

Taiwan Cooperative Financial Holding

Market Cap: NT$389.0b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥81.8b

Beijing Huafeng Test & Control Technology Co.,Ltd.

SG Micro

Market Cap: CN¥81.4b

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.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Saputo

Market Cap: CA$16.7b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

American Financial Group

Market Cap: US$12.0b

An insurance holding company, provides property and casualty insurance products in the United States.

Aier Eye Hospital Group

Market Cap: CN¥80.7b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

China Resources Microelectronics

Market Cap: CN¥80.7b

Engages in the manufacture and sale of semiconductors in China and internationally.

Tele2

Market Cap: SEK 113.8b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

China Resources Power Holdings

Market Cap: HK$93.7b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

HKT Trust and HKT

Market Cap: HK$93.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Lotus Bakeries

Market Cap: €10.3b

Provides various snack products in Belgium and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$11.8b

Operates membership warehouse clubs on the eastern half of the United States.

Arab National Bank

Market Cap: ر.س44.4b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Absa Group

Market Cap: R191.2b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥79.7b

Engages in the generation and sale of electricity in China.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥79.3b

Beijing YanDong MicroElectronic Co., Ltd.

Shizuoka Financial GroupInc

Market Cap: JP¥1.9t

Provides various banking products and services.

Harel Insurance Investments & Financial Services

Market Cap: ₪34.6b

Offers insurance and financial services in Israel, Europe, and internationally.

Realtek Semiconductor

Market Cap: NT$371.7b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥78.2b

Beijing E-Town Semiconductor Technology Co., Ltd.

Japan Post Insurance

Market Cap: JP¥1.8t

Engages in the provision of life insurance products and services in Japan.

Globus Medical

Market Cap: US$11.5b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Industrial Bank of Korea

Market Cap: ₩16.3t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.9b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

UMB Financial

Market Cap: US$11.5b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

United Spirits

Market Cap: ₹1.1t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

DaVita

Market Cap: US$11.4b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

United Nova TechnologyLtd

Market Cap: CN¥76.7b

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

Turkiye Garanti Bankasi

Market Cap: ₺544.3b

Provides various banking products and services in Turkey.

Bank of Chengdu

Market Cap: CN¥76.5b

Provides various banking products and services in China.