Luxembourg Media Defensive Blue Chips

Bank of Shanghai

Market Cap: CN¥130.0b

Provides various banking products and services in China.

SCREEN Holdings

Market Cap: JP¥3.1t

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

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$148.8b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Alinma Bank

Market Cap: ر.س71.2b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Associated British Foods

Market Cap: UK£14.1b

Engages in the food, ingredients, and retail businesses worldwide.

Luzhou LaojiaoLtd

Market Cap: CN¥127.8b

Produces and sells alcoholic products in China and internationally.

Wilmar International

Market Cap: S$24.3b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Telenor

Market Cap: NOK 180.7b

Operates as a telecommunication company worldwide.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Federal Home Loan Mortgage

Market Cap: US$18.7b

Operates in the secondary mortgage market in the United States.

OmniVision Integrated Circuits Group

Market Cap: CN¥126.2b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Pernod Ricard

Market Cap: €16.3b

Produces and sells wines and spirits worldwide.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥125.9b

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

Cellnex Telecom

Market Cap: €16.3b

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

Skyverse Technology

Market Cap: CN¥125.7b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Telecom Italia

Market Cap: €16.2b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

CEMEX. de

Market Cap: Mex$319.7b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

East West Bancorp

Market Cap: US$18.3b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Koninklijke KPN

Market Cap: €16.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

GlobalWafers

Market Cap: NT$592.9b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Banco de Sabadell

Market Cap: €16.0b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Telia Company

Market Cap: SEK 176.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

MPI

Market Cap: NT$587.9b

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

Erste Bank Polska

Market Cap: zł68.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

SDIC Power Holdings

Market Cap: CN¥122.5b

Engages in the electricity generation business in China.

Eurobank

Market Cap: €15.8b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Global Unichip

Market Cap: NT$585.6b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

SinoPac Financial Holdings

Market Cap: NT$585.5b

Through its subsidiaries, provides banking services worldwide.

Saudi Awwal Bank

Market Cap: ر.س67.7b

Provides banking and financial services in the Kingdom of Saudi Arabia.

IHH Healthcare Berhad

Market Cap: RM 73.6b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Banco Comercial Português

Market Cap: €15.8b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

E.SUN Financial Holding Company

Market Cap: NT$583.1b

Offers various financial banking products and services in Taiwan.

Hippo Valley Estates

Market Cap: US$2.3b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Vodacom Group

Market Cap: R294.5b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$574.1b

Provides financial services in Taiwan and internationally.