Mexican Utilities Defensive Blue Chips

Helvetia Baloise Holding

Market Cap: CHF 10.1b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

bioMérieux

Market Cap: €11.1b

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.

Pinnacle Financial Partners

Market Cap: US$12.8b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Kerry Group

Market Cap: €11.1b

Provides taste and nutrition solutions.

Fidelity National Financial

Market Cap: US$12.8b

Provides various insurance products in the United States.

Budweiser Brewing Company APAC

Market Cap: HK$99.9b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Severn Trent

Market Cap: UK£9.5b

Provides water and wastewater services in the United Kingdom.

BB Seguridade Participações

Market Cap: R$66.7b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

CNA Financial

Market Cap: US$12.7b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Erie Indemnity

Market Cap: US$12.7b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Hormel Foods

Market Cap: US$12.7b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

RenaissanceRe Holdings

Market Cap: US$12.6b

Provides reinsurance and insurance products in the United States and internationally.

Banque Saudi Fransi

Market Cap: ر.س47.5b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Indus Towers

Market Cap: ₹1.2t

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.

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Saputo

Market Cap: CA$17.1b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

Carrefour

Market Cap: €10.9b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Industrial Bank of Korea

Market Cap: ₩18.7t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Fresenius Medical Care

Market Cap: €10.9b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Uni-President Enterprises

Market Cap: NT$398.3b

Produces and sells food products in Taiwan and internationally.

Align Technology

Market Cap: US$12.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Centrica

Market Cap: UK£9.3b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Lattice Semiconductor

Market Cap: US$12.4b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

ASPEED Technology

Market Cap: NT$396.7b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Mashreqbank PSC

Market Cap: د.إ45.5b

Provides various banking and financial services to individuals and corporates.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥84.7b

Engages in the generation and sale of electricity in China.

BJ's Wholesale Club Holdings

Market Cap: US$12.2b

Operates membership warehouse clubs on the eastern half of the United States.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.9b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Ensign Group

Market Cap: US$12.1b

Provides skilled nursing, senior living, and rehabilitative services.

Hong Leong Bank Berhad

Market Cap: RM 47.6b

Operates as a financial services company in Malaysia and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.3b

Engages in commercial banking business in China.

Mowi

Market Cap: NOK 117.3b

A seafood company, produces and sells Atlantic salmon products worldwide.

Jinko Solar

Market Cap: CN¥82.5b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Chubu Electric Power Company

Market Cap: JP¥1.9t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

TIM

Market Cap: R$62.6b

Engages in the telecommunications sector in Brazil.