Norwegian Telecom Defensive Blue Chips

China Resources Power Holdings

Market Cap: HK$94.1b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

J. M. Smucker

Market Cap: US$12.0b

Manufactures and markets branded food and beverage products worldwide.

BJ's Wholesale Club Holdings

Market Cap: US$11.9b

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

Erie Indemnity

Market Cap: US$11.9b

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

Aier Eye Hospital Group

Market Cap: CN¥80.4b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

HKT Trust and HKT

Market Cap: HK$93.1b

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.

Brown-Forman

Market Cap: US$11.8b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

American Financial Group

Market Cap: US$11.8b

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

Italgas

Market Cap: €10.3b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Canara Bank

Market Cap: ₹1.1t

Provides various banking products and services in India and internationally.

Molina Healthcare

Market Cap: US$11.7b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Baxter International

Market Cap: US$11.7b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Industrial Bank of Korea

Market Cap: ₩17.2t

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

Semtech

Market Cap: US$11.6b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Tele2

Market Cap: SEK 112.1b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Olympus

Market Cap: JP¥1.9t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Guangdong Haid Group

Market Cap: CN¥78.2b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.9b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Magnum Ice Cream

Market Cap: €10.1b

Engages in the ice cream business in the Netherlands.

Far EasTone Telecommunications

Market Cap: NT$371.5b

Provides mobile telecommunications services in Taiwan and internationally.

Bangkok Bank

Market Cap: ฿385.6b

Provides various commercial banking products and services in Thailand and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪34.8b

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

Bank of Chengdu

Market Cap: CN¥77.4b

Provides various banking products and services in China.

Realtek Semiconductor

Market Cap: NT$370.1b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

SD Guthrie Berhad

Market Cap: RM 46.7b

Operates as an integrated plantations company in Malaysia and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥77.1b

Engages in commercial banking business in China.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.0b

Engages in the clean energy business in China.

Insulet

Market Cap: US$11.4b

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

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Turkiye Garanti Bankasi

Market Cap: ₺532.6b

Provides various banking products and services in Turkey.

Kinsus Interconnect Technology

Market Cap: NT$365.2b

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

Hong Leong Bank Berhad

Market Cap: RM 46.0b

Operates as a financial services company in Malaysia and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

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