Mexican Telecom Defensive Blue Chips

Banca Transilvania

Market Cap: RON 46.5b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Indus Towers

Market Cap: ₹990.9b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Quebecor

Market Cap: CA$14.3b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Wintrust Financial

Market Cap: US$10.3b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

bioMérieux

Market Cap: €8.8b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Molina Healthcare

Market Cap: US$10.3b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

SouthState Bank

Market Cap: US$10.3b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Cullen/Frost Bankers

Market Cap: US$10.2b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Skyworks Solutions

Market Cap: US$10.2b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Puya Semiconductor (Shanghai)

Market Cap: CN¥68.6b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Universal Health Services

Market Cap: US$10.2b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Insulet

Market Cap: US$10.2b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

BUA Foods

Market Cap: ₦13.7t

Processes, manufactures, produces, and distributes food materials in Nigeria.

BIM Birlesik Magazalar

Market Cap: ₺487.4b

Operates retail stores in Turkey, Morocco, and Egypt.

Max Healthcare Institute

Market Cap: ₹970.4b

Provides medical and healthcare services in India.

Novatek Microelectronics

Market Cap: NT$322.5b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Bank Albilad

Market Cap: ر.س37.9b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Konfoong Materials International

Market Cap: CN¥67.8b

Konfoong Materials International Co., Ltd.

Kesko Oyj

Market Cap: €8.6b

Engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland.

Shoprite Holdings

Market Cap: R160.7b

An investment holding company, engages in the food retail and wholesale business in South Africa and internationally.

Old Republic International

Market Cap: US$10.0b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.