Luxembourg Telecom Defensive Blue Chips

KeyCorp

Market Cap: US$24.5b

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

Barito Renewables Energy

Market Cap: Rp436.1t

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

Yuanjie Semiconductor Technology

Market Cap: CN¥163.2b

Yuanjie Semiconductor Technology Co., Ltd.

Hana Financial Group

Market Cap: ₩34.4t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Sigma Healthcare

Market Cap: AU$34.2b

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

Brown & Brown

Market Cap: US$24.0b

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

Coca-Cola HBC

Market Cap: UK£17.8b

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.

Banco do Brasil

Market Cap: R$121.4b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Grupo Cibest

Market Cap: Col$77.1t

Provides various banking products and services in Colombia and internationally.

Loews

Market Cap: US$23.8b

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

BNP Paribas Fortis

Market Cap: €20.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

VERBUND

Market Cap: €20.4b

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

Aeon

Market Cap: JP¥3.7t

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

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Markel Group

Market Cap: US$23.3b

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

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ85.4b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

MTN Group

Market Cap: R382.7b

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

Terna

Market Cap: €20.1b

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

Mega Financial Holding

Market Cap: NT$752.1b

Provides various financial services in Taiwan.

Raiffeisen Bank International

Market Cap: €20.0b

Offers banking services to corporate, retail, and institutional customers.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥155.5b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

Coles Group

Market Cap: AU$32.6b

Operates as a retailer in Australia.

Unipol Assicurazioni

Market Cap: €19.9b

Provides insurance products and services primarily in Italy.

STERIS

Market Cap: US$22.7b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Heineken Holding

Market Cap: €19.6b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.5b

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

China Minsheng Banking

Market Cap: CN¥151.5b

Provides banking products and services in the People's Republic of China.

Constellation Brands

Market Cap: US$22.4b

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

Legal & General Group

Market Cap: UK£16.6b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp397.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.4b

Provides private health and support services in the Kingdom of Saudi Arabia.

China Tower

Market Cap: HK$172.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥148.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

US Foods Holding

Market Cap: US$21.9b

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.

Winbond Electronics

Market Cap: NT$706.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Terumo

Market Cap: JP¥3.4t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.