Turkish Utilities Defensive Blue Chips

First Citizens BancShares

Market Cap: US$24.3b

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.

KeyCorp

Market Cap: US$24.2b

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

Aeon

Market Cap: JP¥3.8t

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

Barito Renewables Energy

Market Cap: Rp429.4t

Generates and sells power through geothermal and wind resources in Indonesia.

Banco do Brasil

Market Cap: R$121.9b

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

Hana Financial Group

Market Cap: ₩34.2t

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

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Loews

Market Cap: US$23.9b

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

Sigma Healthcare

Market Cap: AU$34.2b

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

VERBUND

Market Cap: €20.7b

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

Tower Semiconductor

Market Cap: US$23.8b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

BNP Paribas Fortis

Market Cap: €20.6b

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

Brown & Brown

Market Cap: US$23.7b

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

Markel Group

Market Cap: US$23.6b

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

Mega Financial Holding

Market Cap: NT$765.4b

Provides various financial services in Taiwan.

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.

Terna

Market Cap: €20.0b

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

China Minsheng Banking

Market Cap: CN¥155.2b

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

Coca-Cola FEMSA. de

Market Cap: US$22.9b

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

Heineken Holding

Market Cap: €19.8b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Snam

Market Cap: €19.8b

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

MTN Group

Market Cap: R375.7b

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

Coles Group

Market Cap: AU$32.5b

Operates as a retailer in Australia.

AST SpaceMobile

Market Cap: US$22.7b

Designs and develops the constellation of BlueBird satellites in the United States.

STERIS

Market Cap: US$22.5b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Raiffeisen Bank International

Market Cap: €19.5b

Offers banking services to corporate, retail, and institutional customers.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥151.0b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Unipol Assicurazioni

Market Cap: €19.4b

Provides insurance products and services primarily in Italy.

China Tower

Market Cap: HK$174.8b

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

Constellation Brands

Market Cap: US$22.3b

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

US Foods Holding

Market Cap: US$22.1b

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.

First Solar

Market Cap: US$22.1b

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

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.1b

Provides private health and support services in the Kingdom of Saudi Arabia.

Legal & General Group

Market Cap: UK£16.4b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp389.2t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Terumo

Market Cap: JP¥3.4t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.