Ugandan Utilities Defensive Blue Chips

Sampo Oyj

Market Cap: €24.4b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

W. R. Berkley

Market Cap: US$27.5b

An insurance holding company, operates as a commercial line writer worldwide.

Entegris

Market Cap: US$27.4b

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.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 22.1b

Engages in the development, manufacture, and sale of chocolate products worldwide.

PPL

Market Cap: US$27.3b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Shenzhen Techwinsemi Technology

Market Cap: CN¥184.0b

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.4t

Operates as a trust bank in Japan and internationally.

George Weston

Market Cap: CA$38.2b

Provides food and drug retailing, and financial services in Canada.

MACOM Technology Solutions Holdings

Market Cap: US$26.8b

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

China National Nuclear Power

Market Cap: CN¥181.2b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Lasertec

Market Cap: JP¥4.3t

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

Fresenius SE KGaA

Market Cap: €23.1b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

ACM Research (Shanghai)

Market Cap: CN¥178.4b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Koninklijke Philips

Market Cap: €22.8b

Operates as a health technology company in North America, the Greater China, and internationally.

Aviva

Market Cap: UK£19.5b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

DexCom

Market Cap: US$26.0b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Banco BPM

Market Cap: €22.7b

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

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Winbond Electronics

Market Cap: NT$825.8b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

QBE Insurance Group

Market Cap: AU$37.4b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Regions Financial

Market Cap: US$25.8b

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

New China Life Insurance

Market Cap: CN¥174.8b

Provides life insurance products and services to individuals and institutions in China.

TS Financial Holding

Market Cap: NT$820.6b

Provides various financial products and services.

American Water Works Company

Market Cap: US$25.7b

Through its subsidiaries, provides water and wastewater services in the United States.

EnBW Energie Baden-Württemberg

Market Cap: €22.3b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

BE Semiconductor Industries

Market Cap: €22.3b

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

Helvetia Baloise Holding

Market Cap: CHF 20.5b

Engages in life and non-life insurance, and reinsurance business.

Dollar General

Market Cap: US$25.4b

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

First Solar

Market Cap: US$25.4b

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

JCET Group

Market Cap: CN¥171.7b

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

Technoprobe

Market Cap: €22.1b

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

BNP Paribas Fortis

Market Cap: €22.2b

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

MTN Group

Market Cap: R412.2b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥170.1b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

China Everbright Bank

Market Cap: CN¥169.5b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Banco de Crédito del Perú

Market Cap: S/85.0b

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