Malawian Utilities Defensive Blue Chips

Straumann Holding

Market Cap: CHF 15.1b

Provides tooth replacement and orthodontic solutions worldwide.

LONGi Green Energy Technology

Market Cap: CN¥133.8b

Manufactures and sells photovoltaic products in China, Europe, the Asia Pacific, and the United States.

Mega Financial Holding

Market Cap: NT$599.3b

Provides various financial services in Taiwan.

Banco de Chile

Market Cap: CL$17.4t

Operates as a commercial bank that provides banking services in Chile.

Montage Technology

Market Cap: CN¥132.5b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

Hon. Precision

Market Cap: NT$593.8b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ69.0b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Fortum Oyj

Market Cap: €15.8b

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.

Samsung Life Insurance

Market Cap: ₩27.3t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

IHH Healthcare Berhad

Market Cap: RM 75.1b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Coca-Cola HBC

Market Cap: UK£13.7b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

McCormick

Market Cap: US$18.3b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Bank of Ireland Group

Market Cap: €15.5b

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

Zimmer Biomet Holdings

Market Cap: US$18.1b

Operates as a medical technology company worldwide.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

CK Infrastructure Holdings

Market Cap: HK$140.6b

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.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫474.6t

Provides banking products and services in Vietnam.

JDE Peet's

Market Cap: €15.3b

Operates as a coffee and tea company worldwide.

Rede D'Or São Luiz

Market Cap: R$99.2b

Engages in the provision of hospital services in Brazil.

MTN Group

Market Cap: R300.2b

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

Arca Continental. de

Market Cap: Mex$321.4b

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

Bunge Global

Market Cap: US$17.8b

Operates as an agribusiness and food company worldwide.

Koninklijke KPN

Market Cap: €15.2b

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

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Kansai Electric Power Company

Market Cap: JP¥2.8t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Saudi Awwal Bank

Market Cap: ر.س66.2b

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

Hua Hong Semiconductor

Market Cap: HK$134.3b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Tenet Healthcare

Market Cap: US$17.1b

Operates as a diversified healthcare services company in the United States.

US Foods Holding

Market Cap: US$17.1b

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

E.SUN Financial Holding Company

Market Cap: NT$537.8b

Offers various financial banking products and services in Taiwan.

Unipol Assicurazioni

Market Cap: €14.4b

Provides insurance products and services primarily in Italy.

Hana Financial Group

Market Cap: ₩24.9t

Through its subsidiaries, provides financial services in South Korea.

TS Financial Holding

Market Cap: NT$529.7b

Provides various financial products and services.

NMBZ Holdings

Market Cap: US$2.2b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥117.8b

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

Hologic

Market Cap: US$16.7b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.