Turkish Consumer Services Defensive Blue Chips

BT Group

Market Cap: UK£18.5b

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

MACOM Technology Solutions Holdings

Market Cap: US$24.6b

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

AIB Group

Market Cap: €21.4b

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

Mediobanca Banca di Credito Finanziario

Market Cap: €21.3b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Technoprobe

Market Cap: €21.2b

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

Aeon

Market Cap: JP¥3.9t

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

First Solar

Market Cap: US$24.1b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$189.1b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Snam

Market Cap: €21.0b

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

CLP Holdings

Market Cap: HK$188.6b

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

Markel Group

Market Cap: US$24.0b

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

JCET Group

Market Cap: CN¥162.6b

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

Quest Diagnostics

Market Cap: US$23.9b

Provides diagnostic testing and services in the United States.

First Citizens BancShares

Market Cap: US$23.9b

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.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

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.

BE Semiconductor Industries

Market Cap: €20.7b

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

Principal Financial Group

Market Cap: US$23.5b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥159.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Loews

Market Cap: US$23.5b

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

Terna

Market Cap: €20.5b

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

Constellation Brands

Market Cap: US$23.4b

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

Public Bank Berhad

Market Cap: RM 94.9b

Provides banking products and services.

Dollar Tree

Market Cap: US$23.3b

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

Labcorp Holdings

Market Cap: US$23.3b

Provides laboratory services.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥155.6b

Inner Mongolia Yili Industrial Group Co., Ltd.

Telefónica

Market Cap: €20.0b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp408.1t

Provides various banking products and services in Indonesia and internationally.

NN Group

Market Cap: €20.0b

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

Brown & Brown

Market Cap: US$22.8b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

MPI

Market Cap: NT$723.1b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

US Foods Holding

Market Cap: US$22.4b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Sigma Healthcare

Market Cap: AU$32.1b

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

SCREEN Holdings

Market Cap: JP¥3.6t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.2b

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

Hana Financial Group

Market Cap: ₩33.9t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

VERBUND

Market Cap: €19.2b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.