Venezuelan Utilities Defensive Blue Chips

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Coca-Cola Consolidated

Market Cap: US$12.7b

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

Wens Foodstuff Group

Market Cap: CN¥85.6b

Engages in the agricultural and animal husbandry businesses in China and internationally.

BrightSpring Health Services

Market Cap: US$12.6b

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

KT&G

Market Cap: ₩19.2t

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

Globe Life

Market Cap: US$12.6b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

RenaissanceRe Holdings

Market Cap: US$12.6b

Provides reinsurance and insurance products in the United States and internationally.

Banque Saudi Fransi

Market Cap: ر.س47.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Penumbra

Market Cap: US$12.6b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥84.9b

Engages in commercial banking business in China.

Italgas

Market Cap: €10.8b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Piraeus Bank

Market Cap: €10.8b

Provides various banking products and services in Greece, Europe, and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥84.5b

Zhejiang Zheneng Electric Power Co., Ltd.

J. M. Smucker

Market Cap: US$12.5b

Manufactures and markets branded food and beverage products worldwide.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Far EasTone Telecommunications

Market Cap: NT$393.2b

Provides mobile telecommunications services in Taiwan and internationally.

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Bank of Chengdu

Market Cap: CN¥83.8b

Provides various banking products and services in China.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥83.7b

Henan Shuanghui Investment & Development Co.,Ltd.

China Resources Microelectronics

Market Cap: CN¥83.7b

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

HDFC Life Insurance

Market Cap: ₹1.2t

Provides individual and group insurance solutions in India.

Hippo Valley Estates

Market Cap: US$1.6b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

MTN Nigeria Communications

Market Cap: ₦16.8t

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

Israel Discount Bank

Market Cap: ₪36.0b

Provides various banking and financial services in Israel, Europe, and North America.

Almarai

Market Cap: ر.س46.0b

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

Brown-Forman

Market Cap: US$12.2b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Align Technology

Market Cap: US$12.2b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

CP ALL

Market Cap: ฿398.8b

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

Erie Indemnity

Market Cap: US$12.1b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

CNA Financial

Market Cap: US$12.1b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.9b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Fresenius Medical Care

Market Cap: €10.4b

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

Saputo

Market Cap: CA$16.7b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Absa Group

Market Cap: R194.8b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Pro Medicus

Market Cap: AU$17.0b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

GlobalWafers

Market Cap: NT$375.8b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.