Venezuelan Telecom Defensive Blue Chips

Vodacom Group

Market Cap: R287.3b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Banco de Sabadell

Market Cap: €15.2b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Banco Comercial Português

Market Cap: €15.2b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩26.4t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Eurobank

Market Cap: €15.0b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Mizrahi Tefahot Bank

Market Cap: ₪50.8b

Provides various banking services in Israel and internationally.

Zimmer Biomet Holdings

Market Cap: US$16.9b

Operates as a medical technology company worldwide.

Jentech Precision Industrial

Market Cap: NT$534.1b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Nova

Market Cap: US$16.8b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Elia Group

Market Cap: €14.7b

Develops and operates as a transmission system operator in Belgium and Germany.

Tongfu MicroelectronicsLtd

Market Cap: CN¥113.3b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥113.1b

Produces and sells alcoholic products in China and internationally.

HANMI Semiconductor

Market Cap: ₩25.6t

Manufactures and sells semiconductor equipment in South Korea and internationally.

China Resources Microelectronics

Market Cap: CN¥112.4b

Engages in the manufacture and sale of semiconductors in China and internationally.

OmniVision Integrated Circuits Group

Market Cap: CN¥112.2b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Performance Food Group

Market Cap: US$16.4b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Airtel Africa

Market Cap: UK£12.4b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Nexchip Semiconductor

Market Cap: CN¥111.3b

Engages in the research, development, production, and sale of integrated circuit-related products in China and internationally.

Bank of Hangzhou

Market Cap: CN¥110.3b

Provides various banking products and services in China.

Hua Nan Financial Holdings

Market Cap: NT$514.9b

Provides financial services in Taiwan and internationally.

Puya Semiconductor (Shanghai)

Market Cap: CN¥109.6b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Skyverse Technology

Market Cap: CN¥109.4b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

KGI Financial Holding

Market Cap: NT$505.9b

Operates as a financial company in Taiwan and internationally.

Bank Polska Kasa Opieki

Market Cap: zł60.1b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

National Silicon Industry Group

Market Cap: CN¥107.6b

National Silicon Industry Group Co., Ltd.

Power Assets Holdings

Market Cap: HK$124.0b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

National Bank of Greece

Market Cap: €13.8b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Onto Innovation

Market Cap: US$15.7b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

mBank

Market Cap: zł59.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

FinecoBank Banca Fineco

Market Cap: €13.7b

Provides banking, credit, trading and investment services in Italy.

Tenet Healthcare

Market Cap: US$15.6b

Operates as a diversified healthcare services company in the United States.

Hua Xia Bank

Market Cap: CN¥106.0b

Provides commercial banking services in China and Hong Kong.

Bank of Beijing

Market Cap: CN¥105.7b

Provides various banking services to individuals and corporates in China.

SDIC Power Holdings

Market Cap: CN¥105.4b

Engages in the electricity generation business in China.