Lithuanian Utilities Defensive Blue Chips

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥168.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

China Everbright Bank

Market Cap: CN¥168.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Willis Towers Watson

Market Cap: US$24.7b

Operates as an advisory, broking, and solutions company worldwide.

Markel Group

Market Cap: US$24.4b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

AIB Group

Market Cap: €21.5b

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

BT Group

Market Cap: UK£18.4b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Barito Renewables Energy

Market Cap: Rp434.8t

Generates and sells power through geothermal and wind resources in Indonesia.

Hwatsing Technology

Market Cap: CN¥162.9b

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

Coca-Cola HBC

Market Cap: UK£18.1b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥162.8b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.1b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Quest Diagnostics

Market Cap: US$23.9b

Provides diagnostic testing and services in the United States.

First Citizens BancShares

Market Cap: US$23.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Constellation Brands

Market Cap: US$23.8b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

China Unicom (Hong Kong)

Market Cap: HK$187.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Snam

Market Cap: €20.8b

Engages in the operation of natural gas transport and storage infrastructure.

CLP Holdings

Market Cap: HK$184.4b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Loews

Market Cap: US$23.3b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Principal Financial Group

Market Cap: US$23.3b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Dollar Tree

Market Cap: US$23.2b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Terna

Market Cap: €20.2b

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

Labcorp Holdings

Market Cap: US$23.0b

Provides laboratory services.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥154.7b

Inner Mongolia Yili Industrial Group Co., Ltd.

SCREEN Holdings

Market Cap: JP¥3.7t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

NN Group

Market Cap: €19.9b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Public Bank Berhad

Market Cap: RM 92.2b

Provides banking products and services.

US Foods Holding

Market Cap: US$22.5b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp402.0t

Provides various banking products and services in Indonesia and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.3b

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

MPI

Market Cap: NT$710.9b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Telefónica

Market Cap: €19.5b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Aeon

Market Cap: JP¥3.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Brown & Brown

Market Cap: US$21.7b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

VERBUND

Market Cap: €19.0b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Sigma Healthcare

Market Cap: AU$31.4b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.