Dutch Utilities Defensive Blue Chips

Globus Medical

Market Cap: US$11.1b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥75.2b

Beijing E-Town Semiconductor Technology Co., Ltd.

iA Financial

Market Cap: CA$15.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Sanlam

Market Cap: R179.2b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Quebecor

Market Cap: CA$15.1b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

BJ's Wholesale Club Holdings

Market Cap: US$10.9b

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

Sanan OptoelectronicsLtd

Market Cap: CN¥73.6b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Henan Shijia Photons Technology

Market Cap: CN¥73.5b

Henan Shijia Photons Technology Co., Ltd.

Far EasTone Telecommunications

Market Cap: NT$341.2b

Provides mobile telecommunications services in Taiwan and internationally.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Rockchip Electronics

Market Cap: CN¥73.3b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

SG Micro

Market Cap: CN¥73.1b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Hong Leong Bank Berhad

Market Cap: RM 42.8b

Operates as a financial services company in Malaysia and internationally.

American Financial Group

Market Cap: US$10.8b

An insurance holding company, provides property and casualty insurance products in the United States.

Taiwan Mobile

Market Cap: NT$337.9b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$84.0b

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

Industrial Bank of Korea

Market Cap: ₩16.1t

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

Kinsus Interconnect Technology

Market Cap: NT$333.0b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Tsingtao Brewery

Market Cap: CN¥71.5b

Engages in the manufacture and sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Caixa Seguridade Participações

Market Cap: R$53.1b

Provides insurance products in Brazil and internationally.

Hunan Goke MicroelectronicsLtd

Market Cap: CN¥71.0b

Engages in the research and development of integrated circuit chip related products in China.

Encompass Health

Market Cap: US$10.5b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Manila Electric

Market Cap: ₱643.0b

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

Lotus Bakeries

Market Cap: €8.9b

Provides various snack products in Belgium and internationally.

Fervo Energy

Market Cap: US$10.4b

Operates as a geothermal energy developer, builds, owns, and operates geothermal power facilities.

BUA Cement

Market Cap: ₦14.2t

Engages in the manufacture, sale and distribution of cement and related products under the BUA Cement brand in Nigeria and internationally.

Orkla

Market Cap: NOK 95.9b

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

TIM

Market Cap: R$52.3b

Engages in the telecommunications sector in Brazil.

ASMPT

Market Cap: HK$81.1b

An investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries internationally.

Alpha Bank

Market Cap: €8.8b

Provides various banking and financial products and services in Greece and internationally.

Suzhou Maxwell Technologies

Market Cap: CN¥69.5b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫270.3t

Provides various banking products and services in Vietnam and internationally.

bioMérieux

Market Cap: €8.8b

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.

Suzhou Everbright Photonics

Market Cap: CN¥69.2b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

Macronix International

Market Cap: NT$321.2b

Engages in the design, manufacture, and supply of integrated circuits and memory chips.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.