Mauritian Utilities Defensive Blue Chips

CP ALL

Market Cap: ฿407.7b

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

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Far EasTone Telecommunications

Market Cap: NT$386.0b

Provides mobile telecommunications services in Taiwan and internationally.

China Resources Power Holdings

Market Cap: HK$94.7b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Align Technology

Market Cap: US$12.1b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Almarai

Market Cap: ر.س45.3b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$382.6b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Italgas

Market Cap: €10.5b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.2b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥80.7b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

First Horizon

Market Cap: US$11.8b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Eastroc Beverage (Group)

Market Cap: CN¥80.4b

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

Coca-Cola Consolidated

Market Cap: US$11.8b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Konfoong Materials International

Market Cap: CN¥80.4b

Konfoong Materials International Co., Ltd.

SICC

Market Cap: CN¥80.3b

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

J. M. Smucker

Market Cap: US$11.8b

Manufactures and markets branded food and beverage products worldwide.

Great Eastern Holdings

Market Cap: S$15.3b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Israel Discount Bank

Market Cap: ₪35.2b

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

Dangote Cement

Market Cap: ₦16.1t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Vanguard International Semiconductor

Market Cap: NT$373.5b

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

Yokohama Financial Group

Market Cap: JP¥1.9t

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

iA Financial

Market Cap: CA$16.7b

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

Arab National Bank

Market Cap: ر.س43.9b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Discovery

Market Cap: R193.7b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫306.5t

Provides various banking products and services in Vietnam and internationally.

Erie Indemnity

Market Cap: US$11.6b

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

Wens Foodstuff Group

Market Cap: CN¥78.4b

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

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥78.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Shanghai Rural Commercial Bank

Market Cap: CN¥77.7b

Engages in commercial banking business in China.

Saputo

Market Cap: CA$16.3b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Powerchip Semiconductor Manufacturing

Market Cap: NT$363.7b

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

HKT Trust and HKT

Market Cap: HK$89.5b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

American Financial Group

Market Cap: US$11.4b

An insurance holding company, provides property and casualty insurance products in the United States.

Taiwan Mobile

Market Cap: NT$362.2b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.