Vietnamese Telecom Defensive Blue Chips

First Solar

Market Cap: US$24.9b

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

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.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥168.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

BT Group

Market Cap: UK£18.5b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

AIB Group

Market Cap: €21.5b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Barito Renewables Energy

Market Cap: Rp434.8t

Generates and sells power through geothermal and wind resources in Indonesia.

First Citizens BancShares

Market Cap: US$24.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Coca-Cola HBC

Market Cap: UK£18.1b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.1b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Markel Group

Market Cap: US$24.0b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥162.8b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Quest Diagnostics

Market Cap: US$23.9b

Provides diagnostic testing and services in the United States.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$186.6b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Snam

Market Cap: €20.8b

Engages in the operation of natural gas transport and storage infrastructure.

Principal Financial Group

Market Cap: US$23.5b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

CLP Holdings

Market Cap: HK$184.4b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Loews

Market Cap: US$23.5b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Constellation Brands

Market Cap: US$23.4b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Dollar Tree

Market Cap: US$23.3b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Labcorp Holdings

Market Cap: US$23.3b

Provides laboratory services.

Aeon

Market Cap: JP¥3.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Terna

Market Cap: €20.2b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Public Bank Berhad

Market Cap: RM 93.9b

Provides banking products and services.

Brown & Brown

Market Cap: US$22.8b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥154.7b

Inner Mongolia Yili Industrial Group Co., Ltd.

NN Group

Market Cap: €19.9b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp405.0t

Provides various banking products and services in Indonesia and internationally.

US Foods Holding

Market Cap: US$22.4b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Global Unichip

Market Cap: NT$714.3b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

MPI

Market Cap: NT$710.9b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.2b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Telefónica

Market Cap: €19.5b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

VERBUND

Market Cap: €19.2b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Sigma Healthcare

Market Cap: AU$31.4b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Banco do Brasil

Market Cap: R$112.6b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.