Venezuelan Telecom Defensive Blue Chips

China United Network Communications

Market Cap: CN¥130.7b

Provides telecommunication services in the People’s Republic of China.

Bank of Ireland Group

Market Cap: €16.9b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$99.8b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Bank of Nanjing

Market Cap: CN¥130.3b

Engages in the provision of various financial products and services in China.

Telecom Italia

Market Cap: €16.8b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Koninklijke KPN

Market Cap: €16.8b

Provides telecommunications and information technology (IT) services in the Netherlands.

Yihai Kerry Arawana Holdings

Market Cap: CN¥129.5b

Engages in the agriculture and food processing businesses in China.

CK Infrastructure Holdings

Market Cap: HK$149.0b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Banco Santander (Brasil)

Market Cap: R$98.8b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥129.0b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Pernod Ricard

Market Cap: €16.7b

Produces and sells wines and spirits worldwide.

Adani Energy Solutions

Market Cap: ₹1.8t

Generates, transmits, and distributes power in India.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

NMBZ Holdings

Market Cap: US$2.4b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

SCREEN Holdings

Market Cap: JP¥3.0t

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

IHH Healthcare Berhad

Market Cap: RM 77.1b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Suzhou Centec Communications

Market Cap: CN¥127.4b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

SiTime

Market Cap: US$18.7b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Saudi Awwal Bank

Market Cap: ر.س70.0b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Bank of Shanghai

Market Cap: CN¥125.9b

Provides various banking products and services in China.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Enpara Bank

Market Cap: ₺847.7b

Provides banking services and products in Turkey.

Federal Home Loan Mortgage

Market Cap: US$18.1b

Operates in the secondary mortgage market in the United States.

Associated British Foods

Market Cap: UK£13.7b

Engages in the food, ingredients, and retail businesses worldwide.

SinoPac Financial Holdings

Market Cap: NT$573.2b

Through its subsidiaries, provides banking services worldwide.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Wilmar International

Market Cap: S$23.3b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

East West Bancorp

Market Cap: US$17.9b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

E.SUN Financial Holding Company

Market Cap: NT$566.1b

Offers various financial banking products and services in Taiwan.

Beijing YanDong MicroElectronic

Market Cap: CN¥120.1b

Beijing YanDong MicroElectronic Co., Ltd.

Hwatsing Technology

Market Cap: CN¥119.7b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 81.1b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥119.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

Phison Electronics

Market Cap: NT$552.7b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Erste Bank Polska

Market Cap: zł65.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

CEMEX. de

Market Cap: Mex$305.5b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.