Nigerian Telecom Defensive Blue Chips

Vodafone Group

Market Cap: UK£23.8b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Shenzhen Techwinsemi Technology

Market Cap: CN¥213.9b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

CEZ a. s

Market Cap: Kč661.4b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ114.2b

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

Swiss Life Holding

Market Cap: CHF 24.8b

Provides life, pensions, and financial solutions for private and corporate clients.

ACM Research (Shanghai)

Market Cap: CN¥208.3b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Credicorp

Market Cap: US$30.5b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Avenue Supermarts

Market Cap: ₹2.9t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Bank Hapoalim B.M

Market Cap: ₪89.9b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Veolia Environnement

Market Cap: €26.4b

Designs and provides water, waste, and energy management solutions.

AXIA Energia

Market Cap: R$155.9b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Citizens Financial Group

Market Cap: US$29.8b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

GE HealthCare Technologies

Market Cap: US$29.6b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$513.7b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Ørsted

Market Cap: DKK 192.4b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Winbond Electronics

Market Cap: NT$933.8b

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

Shinhan Financial Group

Market Cap: ₩45.5t

Provides financial products and services in South Korea, Vietnam, and Japan.

Huadian New Energy Group

Market Cap: CN¥199.0b

Engages in the power generation business in China.

Naturgy Energy Group

Market Cap: €25.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Amrize

Market Cap: CHF 23.7b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada.

Atmos Energy

Market Cap: US$29.2b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Resona Holdings

Market Cap: JP¥4.7t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Svenska Handelsbanken

Market Cap: SEK 283.6b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Bank of Jiangsu

Market Cap: CN¥197.8b

Provides various banking products and services in China.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.8b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Muyuan Foods Group

Market Cap: CN¥196.5b

Operates as a pork company in the hog farming industry in China.

ResMed

Market Cap: US$28.9b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Bank of Ningbo

Market Cap: CN¥196.1b

Provides various personal and business banking products and services in the People's Republic of China.

Casey's General Stores

Market Cap: US$28.9b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Cincinnati Financial

Market Cap: US$28.8b

Provides property casualty insurance products in the United States.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥195.2b

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

Ping An Bank

Market Cap: CN¥195.0b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Nestlé India

Market Cap: ₹2.7t

Engages in the manufacture and sale of food products in India and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$28.4b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥191.6b

Foshan Haitian Flavouring and Food Company Ltd.

Tower Semiconductor

Market Cap: US$28.2b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.