Mexican Utilities Defensive Blue Chips

China United Network Communications

Market Cap: CN¥157.6b

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

Cellnex Telecom

Market Cap: €19.7b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Terna

Market Cap: €19.6b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

First Citizens BancShares

Market Cap: US$22.5b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Loews

Market Cap: US$22.5b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.6t

Operates as a trust bank in Japan and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥154.3b

Produces and sells alcoholic products in China and internationally.

QBE Insurance Group

Market Cap: AU$31.3b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Sigma Healthcare

Market Cap: AU$31.3b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ81.4b

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

Labcorp Holdings

Market Cap: US$22.1b

Provides laboratory services.

Coca-Cola HBC

Market Cap: UK£16.5b

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.

Quest Diagnostics

Market Cap: US$22.1b

Provides diagnostic testing and services in the United States.

CIMB Group Holdings Berhad

Market Cap: RM 86.4b

Provides various banking products and services in Malaysia and internationally.

STERIS

Market Cap: US$21.8b

Provides infection prevention products and services worldwide.

Coca-Cola FEMSA. de

Market Cap: US$21.6b

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

KeyCorp

Market Cap: US$21.5b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Fortum Oyj

Market Cap: €18.3b

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

First Solar

Market Cap: US$21.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Tyson Foods

Market Cap: US$21.2b

Operates as a food company worldwide.

CK Infrastructure Holdings

Market Cap: HK$165.9b

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.

Heineken Holding

Market Cap: €18.3b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a private life insurance company in India.

Koninklijke KPN

Market Cap: €18.2b

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

Pernod Ricard

Market Cap: €18.0b

Produces and sells wines and spirits worldwide.

Humana

Market Cap: US$20.8b

Provides medical and specialty insurance products in the United States.

Hana Financial Group

Market Cap: ₩30.7t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

MTN Group

Market Cap: R341.6b

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

Credo Technology Group Holding

Market Cap: US$20.7b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

OmniVision Integrated Circuits Group

Market Cap: CN¥142.3b

OmniVision Integrated Circuits Group, Inc.

Tenet Healthcare

Market Cap: US$20.6b

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

LONGi Green Energy Technology

Market Cap: CN¥142.0b

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

EDP

Market Cap: €17.8b

Engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally.

JD Health International

Market Cap: HK$160.5b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Banco BPM

Market Cap: €17.7b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Banco de Chile

Market Cap: CL$18.3t

Provides commercial banking services in Chile.