Mexican Utilities Defensive Blue Chips

Uniper

Market Cap: €14.8b

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

Wens Foodstuff Group

Market Cap: CN¥116.7b

Operates as an agricultural and animal husbandry company in China.

Vodacom Group

Market Cap: R285.3b

Provides communications products and services.

Airtel Africa

Market Cap: UK£12.7b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Elia Group

Market Cap: €14.7b

Develops and operates as a transmission system operator in Belgium and Germany.

JBS

Market Cap: US$16.9b

Operates as a protein and food company worldwide.

Bank of Beijing

Market Cap: CN¥115.9b

Provides various banking services to individuals and corporates in China.

Straumann Holding

Market Cap: CHF 13.2b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Insulet

Market Cap: US$16.8b

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

E.SUN Financial Holding Company

Market Cap: NT$534.6b

Offers various financial banking products and services in Taiwan.

Power Assets Holdings

Market Cap: HK$131.5b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Hologic

Market Cap: US$16.8b

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.

MACOM Technology Solutions Holdings

Market Cap: US$16.7b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥113.6b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Huaneng Power International

Market Cap: HK$128.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

NMBZ Holdings

Market Cap: US$2.1b

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

Hua Xia Bank

Market Cap: CN¥112.0b

Provides commercial banking services in China and Hong Kong.

Saudi Energy

Market Cap: ر.س61.0b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

McCormick

Market Cap: US$16.1b

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

Tokyo GasLtd

Market Cap: JP¥2.6t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Woori Financial Group

Market Cap: ₩23.8t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Jerónimo Martins SGPS

Market Cap: €13.9b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Unipol Assicurazioni

Market Cap: €13.9b

Provides insurance products and services primarily in Italy.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

BE Semiconductor Industries

Market Cap: €13.9b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

WH Group

Market Cap: HK$123.3b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Rede D'Or São Luiz

Market Cap: R$82.2b

Engages in the provision of hospital services in Brazil.

Telecom Italia

Market Cap: €13.6b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Jentech Precision Industrial

Market Cap: NT$491.7b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

China Jushi

Market Cap: CN¥106.1b

Engages in the manufacture and sale of fiberglass and related products in China and internationally.

Winbond Electronics

Market Cap: NT$490.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Krung Thai Bank

Market Cap: ฿489.2b

Engages in commercial banking business in Thailand and internationally.

Osaka Gas

Market Cap: JP¥2.4t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Coloplast

Market Cap: DKK 99.0b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Santander Bank Polska

Market Cap: zł56.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.