Venezuelan Telecom Defensive Blue Chips

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$102.7b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Etihad Etisalat

Market Cap: ر.س49.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Apollo Hospitals Enterprise

Market Cap: ₹1.2t

Provides healthcare services in India.

KT&G

Market Cap: ₩17.9t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥86.6b

Shanghai United Imaging Healthcare Co., Ltd.

Jerónimo Martins SGPS

Market Cap: €11.0b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Almarai

Market Cap: ر.س48.2b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.3b

Henan Shuanghui Investment & Development Co.,Ltd.

Penumbra

Market Cap: US$12.8b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥86.0b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

CP ALL

Market Cap: ฿416.6b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Fidelity National Financial

Market Cap: US$12.7b

Provides various insurance products in the United States.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Taiwan Cooperative Financial Holding

Market Cap: NT$402.6b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

iA Financial

Market Cap: CA$17.4b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Coca-Cola Consolidated

Market Cap: US$12.6b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Shanghai Rural Commercial Bank

Market Cap: CN¥84.5b

Engages in commercial banking business in China.

Amkor Technology

Market Cap: US$12.5b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Fresenius Medical Care

Market Cap: €10.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.3b

Operates membership warehouse clubs on the eastern half of the United States.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥82.8b

Beijing Huafeng Test & Control Technology Co.,Ltd.

China Resources Microelectronics

Market Cap: CN¥82.6b

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

Smith & Nephew

Market Cap: UK£9.0b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

BrightSpring Health Services

Market Cap: US$12.3b

Operates as a home and community-based healthcare services platform in the United States.

Tele2

Market Cap: SEK 116.2b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Kokusai Electric

Market Cap: JP¥1.9t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Nexchip Semiconductor

Market Cap: CN¥82.1b

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

Lotus Bakeries

Market Cap: €10.4b

Provides various snack products in Belgium and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪36.3b

Offers insurance and financial services in Israel, Europe, and internationally.

Magnum Ice Cream

Market Cap: €10.4b

Engages in the ice cream business in the Netherlands.

MTN Nigeria Communications

Market Cap: ₦16.3t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

National Silicon Industry Group

Market Cap: CN¥81.4b

National Silicon Industry Group Co., Ltd.