Luxembourg Telecom Defensive Blue Chips

Everest Group

Market Cap: US$14.3b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Unum Group

Market Cap: US$14.3b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Mashreqbank PSC

Market Cap: د.إ52.2b

Provides various banking and financial services to individuals and corporates.

United Utilities Group

Market Cap: UK£10.4b

Provides water and wastewater services in the United Kingdom.

Insurance Australia Group

Market Cap: AU$20.0b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

GlobalWafers

Market Cap: NT$455.2b

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

Assurant

Market Cap: US$14.0b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Tryg

Market Cap: DKK 90.5b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Shanghai United Imaging Healthcare

Market Cap: CN¥93.8b

Shanghai United Imaging Healthcare Co., Ltd.

Fidelity National Financial

Market Cap: US$13.9b

Provides various insurance products in the United States.

Metro

Market Cap: CA$19.5b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Hormel Foods

Market Cap: US$13.9b

Develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.

McCormick

Market Cap: US$13.9b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Britannia Industries

Market Cap: ₹1.3t

Engages in manufacturing, trading, and sale of various food products in India and internationally.

Punjab National Bank

Market Cap: ₹1.3t

Provides various banking and financial products and services in India and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.3t

Provides healthcare services in India.

SK Telecom

Market Cap: ₩19.5t

Engages in the provision of wireless telecommunication services in South Korea.

Banque Cantonale Vaudoise

Market Cap: CHF 10.9b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

HANMI Semiconductor

Market Cap: ₩19.3t

Manufactures and sells semiconductor equipment in South Korea and internationally.

WH Group

Market Cap: HK$105.3b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Eastroc Beverage (Group)

Market Cap: CN¥90.6b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Anhui Conch Cement

Market Cap: CN¥90.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Onto Innovation

Market Cap: US$13.4b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

RenaissanceRe Holdings

Market Cap: US$13.4b

Provides reinsurance and insurance products in the United States and internationally.

Banque Saudi Fransi

Market Cap: ر.س50.1b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Origin Energy

Market Cap: AU$19.0b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Israel Discount Bank

Market Cap: ₪40.0b

Provides various banking and financial services in Israel, Europe, and North America.

Bank of Baroda

Market Cap: ₹1.3t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Wens Foodstuff Group

Market Cap: CN¥89.7b

Engages in the agricultural and animal husbandry businesses in China and internationally.

BrightSpring Health Services

Market Cap: US$13.2b

Operates as a home and community-based healthcare services platform in the United States.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.4b

Henan Shuanghui Investment & Development Co.,Ltd.

iA Financial

Market Cap: CA$18.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

MTN Nigeria Communications

Market Cap: ₦17.7t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

CP ALL

Market Cap: ฿434.4b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Osaka Gas

Market Cap: JP¥2.0t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.