Moroccan Telecom Defensive Blue Chips

Coles Group

Market Cap: AU$30.9b

Operates as a retailer in Australia.

Labcorp Holdings

Market Cap: US$21.7b

Provides laboratory services.

Banco do Brasil

Market Cap: R$110.7b

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

JCET Group

Market Cap: CN¥146.3b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Global Unichip

Market Cap: NT$680.1b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Amkor Technology

Market Cap: US$21.5b

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

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ78.7b

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

Dollar Tree

Market Cap: US$21.3b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥143.6b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Mega Financial Holding

Market Cap: NT$669.0b

Provides various financial services in Taiwan.

Arca Continental. de

Market Cap: Mex$364.0b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

China Tower

Market Cap: HK$165.2b

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

Grupo Cibest

Market Cap: Col$72.7t

Provides various banking products and services in Colombia and internationally.

Telefônica Brasil

Market Cap: R$107.3b

Operates as a mobile telecommunications company in Brazil.

Legal & General Group

Market Cap: UK£15.6b

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

Terumo

Market Cap: JP¥3.3t

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

CIMB Group Holdings Berhad

Market Cap: RM 84.0b

Provides various banking products and services in Malaysia and internationally.

Telenor

Market Cap: NOK 199.0b

Operates as a telecommunication company worldwide.

Fortum Oyj

Market Cap: €17.9b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Raiffeisen Bank International

Market Cap: €17.9b

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

US Foods Holding

Market Cap: US$20.5b

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.

Bank of Nanjing

Market Cap: CN¥137.7b

Engages in the provision of various financial products and services in China.

Banco de Chile

Market Cap: CL$18.1t

Provides commercial banking services in Chile.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س76.4b

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

Unipol Assicurazioni

Market Cap: €17.5b

Provides insurance products and services primarily in Italy.

Brown & Brown

Market Cap: US$20.2b

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

Alinma Bank

Market Cap: ر.س75.7b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Tyson Foods

Market Cap: US$20.2b

Operates as a food company worldwide.

STERIS

Market Cap: US$20.1b

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

China United Network Communications

Market Cap: CN¥136.0b

Provides telecommunication services in the People’s Republic of China.

Telia Company

Market Cap: SEK 191.6b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Bank of Ireland Group

Market Cap: €17.5b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥135.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

HANMI Semiconductor

Market Cap: ₩30.3t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Banco Santander (Brasil)

Market Cap: R$101.4b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

MPI

Market Cap: NT$629.0b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.