Mexican Utilities Defensive Blue Chips

Kerry Group

Market Cap: €10.8b

Provides taste and nutrition solutions.

Winbond Electronics

Market Cap: NT$396.9b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.6b

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

SCREEN Holdings

Market Cap: JP¥2.0t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Unum Group

Market Cap: US$12.6b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Samsung Fire & Marine Insurance

Market Cap: ₩18.5t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

TIM

Market Cap: R$62.3b

Engages in the telecommunications sector in Brazil.

Harel Insurance Investments & Financial Services

Market Cap: ₪37.0b

Offers insurance and financial services in Israel, Europe, and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.1b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

HKT Trust and HKT

Market Cap: HK$96.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Tata Consumer Products

Market Cap: ₹1.2t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

OPC Energy

Market Cap: ₪36.8b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Chubu Electric Power Company

Market Cap: JP¥2.0t

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

CP ALL

Market Cap: ฿398.8b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Fresenius Medical Care

Market Cap: €10.5b

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

CPFL Energia

Market Cap: R$61.4b

Through its subsidiaries, operates as an energy company in Brazil.

Insurance Australia Group

Market Cap: AU$17.0b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

FormFactor

Market Cap: US$12.1b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Industrial Bank of Korea

Market Cap: ₩17.8t

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

Orkla

Market Cap: NOK 111.9b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Globe Life

Market Cap: US$12.0b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Hormel Foods

Market Cap: US$12.0b

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

Piraeus Bank

Market Cap: €10.2b

Provides various banking products and services in Greece, Europe, and internationally.

KT&G

Market Cap: ₩17.7t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$93.2b

Provides banking and related financial services in the People’s Republic of China.

Manila Electric

Market Cap: ₱722.5b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

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.

Mashreqbank PSC

Market Cap: د.إ43.5b

Provides various banking and financial services to individuals and corporates.

BUA Foods

Market Cap: ₦16.0t

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Hong Leong Bank Berhad

Market Cap: RM 46.7b

Operates as a financial services company in Malaysia and internationally.

Arab National Bank

Market Cap: ر.س44.2b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

First Horizon

Market Cap: US$11.8b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

JCET Group

Market Cap: CN¥80.3b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Saputo

Market Cap: CA$16.0b

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

Absa Group

Market Cap: R191.9b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.