Malawian Utilities Defensive Blue Chips

US Foods Holding

Market Cap: US$18.0b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Coles Group

Market Cap: AU$27.6b

Operates as a retailer in Australia.

Hua Xia Bank

Market Cap: CN¥129.2b

Provides commercial banking services in China and Hong Kong.

Arca Continental. de

Market Cap: Mex$334.3b

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

E.SUN Financial Holding Company

Market Cap: NT$537.2b

Provides various financial banking products and services in Taiwan.

GlobalFoundries

Market Cap: US$17.9b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

CK Infrastructure Holdings

Market Cap: HK$139.8b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Coca-Cola FEMSA. de

Market Cap: US$17.8b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp291.2t

Provides information and communications technology, and telecommunications network services worldwide.

Koninklijke KPN

Market Cap: €15.2b

Provides telecommunications and information technology (IT) services in the Netherlands.

Saudi Awwal Bank

Market Cap: ر.س66.3b

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

CIMB Group Holdings Berhad

Market Cap: RM 73.8b

Provides various banking products and services in Malaysia and internationally.

Anhui Conch Cement

Market Cap: HK$136.4b

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

AIB Group

Market Cap: €14.9b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Carlsberg

Market Cap: DKK 110.7b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥123.5b

China Three Gorges Renewables (Group) Co.,Ltd.

Alinma Bank

Market Cap: ر.س64.5b

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

Attijariwafa bank

Market Cap: د.م154.8b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

bioMérieux

Market Cap: €14.7b

Develops and markets in vitro diagnostic solutions for infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Talen Energy

Market Cap: US$17.1b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Teradyne

Market Cap: US$17.1b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Principal Financial Group

Market Cap: US$17.1b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥122.3b

Advanced Micro-Fabrication Equipment Inc.

United Microelectronics

Market Cap: NT$508.5b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Uniper

Market Cap: €14.6b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Banco de Crédito del Perú

Market Cap: S/59.7b

Provides banking products and services to individuals, small-sized companies, and corporate customers in Peru.

Smoore International Holdings

Market Cap: HK$132.6b

An investment holding company, engages in the provision of vaping technology solutions.

SDIC Power Holdings

Market Cap: CN¥121.2b

Engages in the electricity generation business in China.

MTN Group

Market Cap: R298.1b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Hana Financial Group

Market Cap: ₩23.2t

Through its subsidiaries, provides financial services in South Korea.

LONGi Green Energy Technology

Market Cap: CN¥119.6b

Manufactures and sells photovoltaic products and solutions internationally.

Metro

Market Cap: CA$22.9b

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

Bunge Global

Market Cap: US$16.6b

Operates as an agribusiness and food company worldwide.

Fortum Oyj

Market Cap: €14.2b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Sonova Holding

Market Cap: CHF 13.4b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bank of Hangzhou

Market Cap: CN¥118.8b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.