Luxembourg Utilities Defensive Blue Chips

Britannia Industries

Market Cap: ₹1.4t

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

Punjab National Bank

Market Cap: ₹1.4t

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

Piraeus Bank

Market Cap: €12.2b

Provides various banking products and services in Greece, Europe, and internationally.

Tryg

Market Cap: DKK 91.2b

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.

Tongfu MicroelectronicsLtd

Market Cap: CN¥94.4b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Israel Discount Bank

Market Cap: ₪41.5b

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

Kinsus Interconnect Technology

Market Cap: NT$448.4b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Everest Group

Market Cap: US$13.9b

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

Baxter International

Market Cap: US$13.9b

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

BB Seguridade Participações

Market Cap: R$72.2b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Assurant

Market Cap: US$13.9b

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

Amkor Technology

Market Cap: US$13.8b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Olympus

Market Cap: JP¥2.2t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

CNA Financial

Market Cap: US$13.7b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Globe Life

Market Cap: US$13.7b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

SK Telecom

Market Cap: ₩19.4t

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

Wens Foodstuff Group

Market Cap: CN¥91.8b

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

Dairibord Holdings

Market Cap: US$1.8b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Banque Saudi Fransi

Market Cap: ر.س51.0b

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

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$106.3b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Metro

Market Cap: CA$18.9b

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

Pro Medicus

Market Cap: AU$19.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Mora Telematika Indonesia

Market Cap: Rp241.3t

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

Erie Indemnity

Market Cap: US$13.5b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Uni-President Enterprises

Market Cap: NT$433.5b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Bank of Baroda

Market Cap: ₹1.3t

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

Hormel Foods

Market Cap: US$13.4b

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

Chubu Electric Power Company

Market Cap: JP¥2.1t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥90.2b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥90.0b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥89.6b

Shanghai United Imaging Healthcare Co., Ltd.

Kokusai Electric

Market Cap: JP¥2.1t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

RenaissanceRe Holdings

Market Cap: US$13.2b

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

Anhui Conch Cement

Market Cap: CN¥88.7b

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

iA Financial

Market Cap: CA$18.3b

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