Luxembourg Telecom Defensive Blue Chips

Hangzhou Silan Microelectronics

Market Cap: CN¥70.4b

Engages in the research, design, development, production, and sale of electronic components in China.

Centrica

Market Cap: UK£7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Globalstar

Market Cap: US$10.4b

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

Mora Telematika Indonesia

Market Cap: Rp184.4t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Vanguard International Semiconductor

Market Cap: NT$325.9b

Engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥69.8b

Engages in the clean energy business in China.

Macronix International

Market Cap: NT$326.0b

Engages in the design, manufacture, and supply of integrated circuits and memory chips.

Popular

Market Cap: US$10.3b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Baxter International

Market Cap: US$10.3b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Magnum Ice Cream

Market Cap: €8.9b

Engages in the ice cream business in the Netherlands.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Chongqing Rural Commercial Bank

Market Cap: HK$79.9b

Provides banking and related financial services in the People’s Republic of China.

Molina Healthcare

Market Cap: US$10.2b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Bangkok Bank

Market Cap: ฿334.0b

Provides various commercial banking products and services in Thailand and internationally.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Orkla

Market Cap: NOK 98.1b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Suzhou Everbright Photonics

Market Cap: CN¥68.5b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

UMB Financial

Market Cap: US$10.1b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

SICC

Market Cap: CN¥68.5b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

Safaricom

Market Cap: KSh1.3t

Provides telecommunication services in Kenya and Ethiopia.

Insulet

Market Cap: US$10.1b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

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.

SD Guthrie Berhad

Market Cap: RM 41.6b

Operates as an integrated plantations company in Malaysia and internationally.