Polish Telecom Defensive Blue Chips

Hua Nan Financial Holdings

Market Cap: NT$669.8b

Provides financial services in Taiwan and internationally.

SinoPac Financial Holdings

Market Cap: NT$668.9b

Through its subsidiaries, provides banking services worldwide.

CK Infrastructure Holdings

Market Cap: HK$164.8b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

KGI Financial Holding

Market Cap: NT$667.1b

Operates as a financial company in Taiwan and internationally.

Heineken Holding

Market Cap: €18.2b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Terumo

Market Cap: JP¥3.3t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Constellation Brands

Market Cap: US$20.9b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Sigma Healthcare

Market Cap: AU$29.3b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies in Australia, and internationally.

Banco de Chile

Market Cap: CL$20.0t

Provides commercial banking services in Chile.

Coca-Cola HBC

Market Cap: UK£15.5b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Amrize

Market Cap: CHF 17.0b

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

Entegris

Market Cap: US$20.6b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Mizrahi Tefahot Bank

Market Cap: ₪62.3b

Provides various banking services in Israel and internationally.

Kansai Electric Power Company

Market Cap: JP¥3.2t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥137.5b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Suzhou Centec Communications

Market Cap: CN¥137.3b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Banco de Sabadell

Market Cap: €17.8b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Skyverse Technology

Market Cap: CN¥136.0b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

STERIS

Market Cap: US$20.3b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Bank of Shanghai

Market Cap: CN¥135.8b

Provides various banking products and services in China.

Yihai Kerry Arawana Holdings

Market Cap: CN¥135.5b

Engages in the agriculture and food processing businesses in China.

CIMB Group Holdings Berhad

Market Cap: RM 82.5b

Provides various banking products and services in Malaysia and internationally.

Erste Bank Polska

Market Cap: zł76.5b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

China Tower

Market Cap: HK$157.9b

Provides telecommunication tower infrastructure services in the People's Republic of China.

MACOM Technology Solutions Holdings

Market Cap: US$20.1b

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

Alinma Bank

Market Cap: ر.س75.0b

Provides banking and investment services in the Kingdom of Saudi Arabia.

US Foods Holding

Market Cap: US$19.9b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Banco Comercial Português

Market Cap: €17.3b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Arca Continental. de

Market Cap: Mex$341.4b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

China United Network Communications

Market Cap: CN¥131.9b

Provides telecommunication services in the People’s Republic of China.

JCET Group

Market Cap: CN¥130.6b

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

Hwatsing Technology

Market Cap: CN¥130.5b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩26.9t

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

Telefônica Brasil

Market Cap: R$98.9b

Operates as a mobile telecommunications company in Brazil.

Woori Financial Group

Market Cap: ₩26.6t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Telenor

Market Cap: NOK 180.1b

Operates as a telecommunication company worldwide.