Singaporean Utilities Defensive Blue Chips

Tongfu MicroelectronicsLtd

Market Cap: CN¥86.8b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Globe Life

Market Cap: US$12.8b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Fidelity National Financial

Market Cap: US$12.8b

Provides various insurance products in the United States.

KT&G

Market Cap: ₩19.5t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Assurant

Market Cap: US$12.8b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Banque Cantonale Vaudoise

Market Cap: CHF 10.1b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Wens Foodstuff Group

Market Cap: CN¥86.0b

Engages in the agricultural and animal husbandry businesses in China and internationally.

RenaissanceRe Holdings

Market Cap: US$12.7b

Provides reinsurance and insurance products in the United States and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥85.6b

Engages in commercial banking business in China.

Banque Saudi Fransi

Market Cap: ر.س47.5b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Align Technology

Market Cap: US$12.6b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

HDFC Life Insurance

Market Cap: ₹1.2t

Provides individual and group insurance solutions in India.

Bank of Chengdu

Market Cap: CN¥85.1b

Provides various banking products and services in China.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Italgas

Market Cap: €10.8b

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

Penumbra

Market Cap: US$12.5b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Piraeus Bank

Market Cap: €10.8b

Provides various banking products and services in Greece, Europe, and internationally.

J. M. Smucker

Market Cap: US$12.5b

Manufactures and markets branded food and beverage products worldwide.

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Far EasTone Telecommunications

Market Cap: NT$393.2b

Provides mobile telecommunications services in Taiwan and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥83.9b

Zhejiang Zheneng Electric Power Co., Ltd.

Coca-Cola Consolidated

Market Cap: US$12.4b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

CP ALL

Market Cap: ฿405.5b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥83.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Hippo Valley Estates

Market Cap: US$1.6b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Brown-Forman

Market Cap: US$12.3b

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

MTN Nigeria Communications

Market Cap: ₦16.8t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Israel Discount Bank

Market Cap: ₪36.0b

Provides various banking and financial services in Israel, Europe, and North America.

Budweiser Brewing Company APAC

Market Cap: HK$95.6b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Almarai

Market Cap: ر.س45.8b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

CNA Financial

Market Cap: US$12.1b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Pro Medicus

Market Cap: AU$17.1b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.9b

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

Fresenius Medical Care

Market Cap: €10.4b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Absa Group

Market Cap: R194.8b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.