Kuwaiti Utilities Defensive Blue Chips

Erie Indemnity

Market Cap: US$13.2b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Puya Semiconductor (Shanghai)

Market Cap: CN¥89.3b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Great Eastern Holdings

Market Cap: S$17.0b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Shanghai United Imaging Healthcare

Market Cap: CN¥88.9b

Shanghai United Imaging Healthcare Co., Ltd.

HANMI Semiconductor

Market Cap: ₩19.5t

Manufactures and sells semiconductor equipment in South Korea and internationally.

WH Group

Market Cap: HK$102.6b

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

Banque Saudi Fransi

Market Cap: ر.س49.1b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

HDFC Life Insurance

Market Cap: ₹1.2t

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

Piraeus Bank

Market Cap: €11.4b

Provides various banking products and services in Greece, Europe, and internationally.

Fresenius Medical Care

Market Cap: €11.4b

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

Smith & Nephew

Market Cap: UK£9.7b

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

LONGi Green Energy Technology

Market Cap: CN¥87.9b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Banque Cantonale Vaudoise

Market Cap: CHF 10.5b

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

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Konfoong Materials International

Market Cap: CN¥87.5b

Konfoong Materials International Co., Ltd.

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.س48.0b

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

Punjab National Bank

Market Cap: ₹1.2t

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

iA Financial

Market Cap: CA$18.1b

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

Anhui Conch Cement

Market Cap: CN¥86.4b

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

Caixa Seguridade Participações

Market Cap: R$65.3b

Provides insurance products in Brazil and internationally.

Dangote Cement

Market Cap: ₦17.5t

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

Eastroc Beverage (Group)

Market Cap: CN¥86.1b

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

Semtech

Market Cap: US$12.7b

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

Penumbra

Market Cap: US$12.5b

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

ROHM

Market Cap: JP¥2.0t

Manufactures and sells electronic components worldwide.

CP ALL

Market Cap: ฿414.4b

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

Osaka Gas

Market Cap: JP¥2.0t

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

Israel Discount Bank

Market Cap: ₪37.6b

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

Webster Financial

Market Cap: US$12.4b

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.

Almarai

Market Cap: ر.س46.5b

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

MTN Nigeria Communications

Market Cap: ₦17.0t

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

Taiwan Cooperative Financial Holding

Market Cap: NT$395.2b

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

SK Telecom

Market Cap: ₩18.3t

Engages in the provision of wireless telecommunication services in South Korea.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.