Luxembourg Telecom Defensive Blue Chips

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$28.1b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Barito Renewables Energy

Market Cap: Rp500.3t

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

ResMed

Market Cap: US$28.0b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Sampo Oyj

Market Cap: €24.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Seven & i Holdings

Market Cap: JP¥4.5t

Operates convenience stores in Japan, North America, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$216.3b

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

Technoprobe

Market Cap: €23.9b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

George Weston

Market Cap: CA$38.8b

Provides food and drug retailing, and financial services in Canada.

PPL

Market Cap: US$27.4b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

China Everbright Bank

Market Cap: CN¥182.7b

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.

Banco BPM

Market Cap: €23.4b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

W. R. Berkley

Market Cap: US$26.6b

An insurance holding company, operates as a commercial line writer worldwide.

Cincinnati Financial

Market Cap: US$26.6b

Provides property casualty insurance products in the United States.

Veeva Systems

Market Cap: US$26.5b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.1b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.2t

Operates as a trust bank in Japan and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥175.9b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp463.8t

Provides various banking products and services in Indonesia and internationally.

New China Life Insurance

Market Cap: CN¥175.2b

Provides life insurance products and services to individuals and institutions in China.

BIWIN Storage Technology

Market Cap: CN¥174.2b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

AIB Group

Market Cap: €22.4b

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

ACM Research (Shanghai)

Market Cap: CN¥174.2b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Helvetia Baloise Holding

Market Cap: CHF 20.5b

Engages in life and non-life insurance, and reinsurance business.

TS Financial Holding

Market Cap: NT$810.6b

Provides various financial products and services.

BT Group

Market Cap: UK£19.3b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥173.4b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Aviva

Market Cap: UK£19.2b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

EnBW Energie Baden-Württemberg

Market Cap: €22.2b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

MTN Group

Market Cap: R417.5b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Koninklijke Philips

Market Cap: €22.0b

Operates as a health technology company in North America, the Greater China, and internationally.

Fresenius SE KGaA

Market Cap: €22.0b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Dollar General

Market Cap: US$25.1b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

American Water Works Company

Market Cap: US$25.1b

Through its subsidiaries, provides water and wastewater services in the United States.

Banco de Crédito del Perú

Market Cap: S/84.3b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.