Romanian Utilities Defensive Blue Chips

BT Group

Market Cap: UK£19.9b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

China Everbright Bank

Market Cap: CN¥179.8b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

ResMed

Market Cap: US$26.5b

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.

BE Semiconductor Industries

Market Cap: €22.8b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Citizens Financial Group

Market Cap: US$26.3b

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.

PPL

Market Cap: US$26.2b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

George Weston

Market Cap: CA$36.4b

Provides food and drug retailing, and financial services in Canada.

EnBW Energie Baden-Württemberg

Market Cap: €22.4b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥174.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Yuanjie Semiconductor Technology

Market Cap: CN¥174.4b

Yuanjie Semiconductor Technology Co., Ltd.

Telefónica

Market Cap: €22.2b

Provides telecommunications services in Europe and Latin America.

Piotech

Market Cap: CN¥173.2b

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

W. R. Berkley

Market Cap: US$25.4b

An insurance holding company, operates as a commercial line writer worldwide.

Winbond Electronics

Market Cap: NT$798.8b

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

Bunge Global

Market Cap: US$25.1b

Operates as an agribusiness and food company worldwide.

Technoprobe

Market Cap: €21.6b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥169.0b

Inner Mongolia Yili Industrial Group Co., Ltd.

BNP Paribas Fortis

Market Cap: €21.5b

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.0t

Operates as a trust bank in Japan and internationally.

AIB Group

Market Cap: €21.3b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.6b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp436.7t

Provides various banking products and services in Indonesia and internationally.

Cincinnati Financial

Market Cap: US$24.4b

Provides property casualty insurance products in the United States.

Helvetia Baloise Holding

Market Cap: CHF 19.3b

Engages in life and non-life insurance, and reinsurance business.

Aviva

Market Cap: UK£18.1b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Snam

Market Cap: €20.9b

Engages in the operation of natural gas transport and storage infrastructure.

Willis Towers Watson

Market Cap: US$24.2b

Operates as an advisory, broking, and solutions company worldwide.

American Water Works Company

Market Cap: US$24.2b

Through its subsidiaries, provides water and wastewater services in the United States.

Koninklijke Philips

Market Cap: €20.8b

Operates as a health technology company in North America, the Greater China, and internationally.

New China Life Insurance

Market Cap: CN¥163.4b

Provides life insurance products and services to individuals and institutions in China.

MTN Group

Market Cap: R394.5b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Regions Financial

Market Cap: US$23.9b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

CLP Holdings

Market Cap: HK$186.2b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Sigma Healthcare

Market Cap: AU$33.2b

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

QBE Insurance Group

Market Cap: AU$33.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Constellation Brands

Market Cap: US$23.5b

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