Lithuanian Commercial Services Defensive Blue Chips

Cellnex Telecom

Market Cap: €18.1b

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.

Labcorp Holdings

Market Cap: US$21.0b

Provides laboratory services.

Terna

Market Cap: €18.0b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

STMicroelectronics

Market Cap: €18.0b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Hua Hong Semiconductor

Market Cap: HK$161.5b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Montage Technology

Market Cap: CN¥147.6b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

GigaDevice Semiconductor

Market Cap: CN¥147.4b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp343.7t

Provides information and communications technology, and telecommunications network services worldwide.

Credicorp

Market Cap: US$20.6b

Provides various financial, insurance, and health services and products in Peru and internationally.

Fortum Oyj

Market Cap: €17.6b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

AIB Group

Market Cap: €17.6b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Gulf Development

Market Cap: ฿657.4b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Eastroc Beverage(Group)

Market Cap: CN¥144.1b

Engages in the research and development, production, and sales of beverages in China.

Telefônica Brasil

Market Cap: R$107.8b

Operates as a mobile telecommunications company in Brazil.

Bank of Nanjing

Market Cap: CN¥143.5b

Provides various financial products and services in China.

Telenor

Market Cap: NOK 203.5b

Operates as a telecommunication company worldwide.

Quest Diagnostics

Market Cap: US$20.0b

Provides diagnostic testing and services in the United States and internationally.

Bank of Shanghai

Market Cap: CN¥142.1b

Provides various banking products and services in China.

Casey's General Stores

Market Cap: US$19.8b

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

KeyCorp

Market Cap: US$19.8b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Public Bank Berhad

Market Cap: RM 82.5b

Provides banking products and services.

Heineken Holding

Market Cap: €17.0b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Rede D'Or São Luiz

Market Cap: R$104.4b

Engages in the provision of hospital services in Brazil.

QBE Insurance Group

Market Cap: AU$30.1b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Coles Group

Market Cap: AU$29.9b

Operates as a retailer in Australia.

CIMB Group Holdings Berhad

Market Cap: RM 81.1b

Provides various banking products and services in Malaysia and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.0t

Operates as a trust bank in Japan and internationally.

Qnity Electronics

Market Cap: US$19.3b

Focuses on the provision of electronic solutions and materials used in semiconductor chip manufacturing and advanced electronic materials.

Mega Financial Holding

Market Cap: NT$597.8b

Provides various financial services in Taiwan.

ON Semiconductor

Market Cap: US$19.2b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Straumann Holding

Market Cap: CHF 15.4b

Provides tooth replacement and orthodontic solutions worldwide.

Coca-Cola FEMSA. de

Market Cap: US$18.9b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

GlobalFoundries

Market Cap: US$18.9b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫495.5t

Provides banking products and services in Vietnam.

Banco de Sabadell

Market Cap: €16.2b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Tyson Foods

Market Cap: US$18.7b

Operates as a food company worldwide.