Luxembourg Tech Defensive Blue Chips

Semtech

Market Cap: US$10.4b

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

CPFL Energia

Market Cap: R$53.0b

Through its subsidiaries, operates as an energy company in Brazil.

SouthState Bank

Market Cap: US$10.3b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Phison Electronics

Market Cap: NT$334.9b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Interconexión Eléctrica E.S.P

Market Cap: Col$32.9t

Engages in the electric power, roads, and ICT and telecommunications business activities.

Old National Bancorp

Market Cap: US$10.3b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

J Sainsbury

Market Cap: UK£7.7b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Globalstar

Market Cap: US$10.2b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

OGE Energy

Market Cap: US$10.2b

Through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

China Taiping Insurance Holdings

Market Cap: HK$79.8b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Banca Transilvania

Market Cap: RON 46.7b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

China Resources Beer (Holdings)

Market Cap: HK$79.6b

An investment holding company, engages in the manufacture, distribution, and sale of alcoholic beverages in Mainland China.

Zions Bancorporation National Association

Market Cap: US$10.1b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Unión de Cervecerías Peruanas Backus y JohnstonA

Market Cap: S/34.5b

Unión de Cervecerías Peruanas Backus y Johnston S.A.A.

Manila Electric

Market Cap: ₱622.7b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Shree Cement

Market Cap: ₹967.9b

Engages in the manufacture and sale of cement and clinker in India and internationally.

bioMérieux

Market Cap: €8.8b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Universal Health Services

Market Cap: US$10.1b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Primerica

Market Cap: US$10.0b

Provides financial products and services to middle-income households in the United States and Canada.

Medibank Private

Market Cap: AU$14.4b

Provides private health insurance in Australia.