Romanian Utilities Defensive Blue Chips

Lasertec

Market Cap: JP¥3.7t

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

Regions Financial

Market Cap: US$23.4b

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

Aeon

Market Cap: JP¥3.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Constellation Brands

Market Cap: US$23.3b

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

Banco BPM

Market Cap: €20.0b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Dollar General

Market Cap: US$23.2b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Uniper

Market Cap: €19.9b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Public Bank Berhad

Market Cap: RM 92.8b

Provides banking products and services.

Terna

Market Cap: €19.8b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Shenzhen Techwinsemi Technology

Market Cap: CN¥154.4b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

KeyCorp

Market Cap: US$22.6b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Coca-Cola FEMSA. de

Market Cap: US$22.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

China Jushi

Market Cap: CN¥152.4b

Manufactures and sells fiberglass and related products in China and internationally.

China Tower

Market Cap: HK$175.7b

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

TS Financial Holding

Market Cap: NT$703.7b

Provides various financial products and services.

First Citizens BancShares

Market Cap: US$22.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥150.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Markel Group

Market Cap: US$22.2b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Telenor

Market Cap: NOK 205.7b

Operates as a telecommunication company worldwide.

Banco do Brasil

Market Cap: R$111.5b

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

China Minsheng Banking

Market Cap: CN¥148.5b

Provides banking products and services in the People's Republic of China.

Cellnex Telecom

Market Cap: €18.9b

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.

Principal Financial Group

Market Cap: US$21.9b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Banco de Crédito del Perú

Market Cap: S/74.3b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

BIWIN Storage Technology

Market Cap: CN¥147.8b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Fortum Oyj

Market Cap: €18.7b

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

NN Group

Market Cap: €18.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Dollar Tree

Market Cap: US$21.6b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

ASPEED Technology

Market Cap: NT$679.7b

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

Loews

Market Cap: US$21.5b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Quest Diagnostics

Market Cap: US$21.4b

Provides diagnostic testing and services in the United States.

Entegris

Market Cap: US$21.4b

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.

Arca Continental. de

Market Cap: Mex$369.1b

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

Telefônica Brasil

Market Cap: R$107.9b

Operates as a mobile telecommunications company in Brazil.

Yihai Kerry Arawana Holdings

Market Cap: CN¥144.2b

Engages in the agriculture and food processing businesses in China.

Riyad Bank

Market Cap: ر.س79.8b

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