Tunisian Utilities Defensive Blue Chips

SG Micro

Market Cap: CN¥82.4b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Konfoong Materials International

Market Cap: CN¥82.3b

Konfoong Materials International Co., Ltd.

Wens Foodstuff Group

Market Cap: CN¥82.2b

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

China Resources Power Holdings

Market Cap: HK$95.1b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Almarai

Market Cap: ر.س45.5b

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

Coca-Cola Consolidated

Market Cap: US$12.1b

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

Yokohama Financial Group

Market Cap: JP¥1.9t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Kinsus Interconnect Technology

Market Cap: NT$381.5b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

CNA Financial

Market Cap: US$12.0b

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

Israel Discount Bank

Market Cap: ₪35.4b

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

Maxone Semiconductor (Suzhou)

Market Cap: CN¥81.1b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

iA Financial

Market Cap: CA$17.0b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.6b

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

King Yuan Electronics

Market Cap: NT$377.2b

Designs, manufactures, sells, tests, and assembles integrated circuits.

J. M. Smucker

Market Cap: US$11.8b

Manufactures and markets branded food and beverage products worldwide.

First Horizon

Market Cap: US$11.8b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Discovery

Market Cap: R193.4b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Great Eastern Holdings

Market Cap: S$15.1b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Henan Shijia Photons Technology

Market Cap: CN¥79.3b

Henan Shijia Photons Technology Co., Ltd.

Bank of Chengdu

Market Cap: CN¥79.1b

Provides various banking products and services in China.

Shanghai Rural Commercial Bank

Market Cap: CN¥79.1b

Engages in commercial banking business in China.

Saputo

Market Cap: CA$16.5b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥79.0b

Henan Shuanghui Investment & Development Co.,Ltd.

FormFactor

Market Cap: US$11.7b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

BDO Unibank

Market Cap: ₱705.3b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

HKT Trust and HKT

Market Cap: HK$90.8b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫304.3t

Provides various banking products and services in Vietnam and internationally.

Erie Indemnity

Market Cap: US$11.6b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Arab National Bank

Market Cap: ر.س43.3b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Sanlam

Market Cap: R188.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥77.2b

Zhejiang Zheneng Electric Power Co., Ltd.

Caixa Seguridade Participações

Market Cap: R$58.9b

Provides insurance products in Brazil and internationally.

Taiwan Mobile

Market Cap: NT$360.6b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.