Qatari Utilities Defensive Blue Chips

BNP Paribas Fortis

Market Cap: €18.4b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Bank of Nanjing

Market Cap: CN¥143.4b

Engages in the provision of various financial products and services in China.

CIMB Group Holdings Berhad

Market Cap: RM 86.0b

Provides various banking products and services in Malaysia and internationally.

Fortum Oyj

Market Cap: €18.2b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥142.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Bunge Global

Market Cap: US$21.2b

Operates as an agribusiness and food company worldwide.

CK Infrastructure Holdings

Market Cap: HK$165.8b

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.

Entegris

Market Cap: US$21.1b

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.

Bank of Ireland Group

Market Cap: €18.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Banco de Sabadell

Market Cap: €18.0b

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

Cellnex Telecom

Market Cap: €18.0b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

ACM Research (Shanghai)

Market Cap: CN¥141.0b

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

Banco do Brasil

Market Cap: R$106.2b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

China Tower

Market Cap: HK$161.9b

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

NMBZ Holdings

Market Cap: US$2.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Bank of Shanghai

Market Cap: CN¥138.1b

Provides various banking products and services in China.

Technoprobe

Market Cap: €17.6b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Yihai Kerry Arawana Holdings

Market Cap: CN¥137.7b

Engages in the agriculture and food processing businesses in China.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

Tyson Foods

Market Cap: US$20.3b

Operates as a food company worldwide.

Alinma Bank

Market Cap: ر.س76.2b

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

Mizrahi Tefahot Bank

Market Cap: ₪60.3b

Provides various banking services in Israel and internationally.

China United Network Communications

Market Cap: CN¥135.4b

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

ASPEED Technology

Market Cap: NT$640.4b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Erste Bank Polska

Market Cap: zł73.6b

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

Telenor

Market Cap: NOK 185.7b

Operates as a telecommunication company worldwide.

E.SUN Financial Holding Company

Market Cap: NT$631.5b

Offers various financial banking products and services in Taiwan.

Pernod Ricard

Market Cap: €16.9b

Produces and sells wines and spirits worldwide.

JCET Group

Market Cap: CN¥132.5b

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

Associated British Foods

Market Cap: UK£14.4b

Engages in the food, ingredients, and retail businesses worldwide.

Lasertec

Market Cap: JP¥3.1t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

MACOM Technology Solutions Holdings

Market Cap: US$19.7b

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

Arca Continental. de

Market Cap: Mex$331.4b

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

Carlsberg

Market Cap: DKK 123.9b

Produces and markets beer, soft drinks, and other beverage products in Western Europe, Asia, Central and Eastern Europe, India, and internationally.

Hwatsing Technology

Market Cap: CN¥130.0b

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