Vietnamese Utilities Defensive Blue Chips

TS Financial Holding

Market Cap: NT$792.0b

Provides various financial products and services.

KeyCorp

Market Cap: US$24.8b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

AIB Group

Market Cap: €21.8b

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

American Water Works Company

Market Cap: US$24.7b

Through its subsidiaries, provides water and wastewater services in the United States.

Banco de Crédito del Perú

Market Cap: S/84.6b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

EnBW Energie Baden-Württemberg

Market Cap: €21.7b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Constellation Brands

Market Cap: US$24.6b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥167.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

BNP Paribas Fortis

Market Cap: €21.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥165.6b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Willis Towers Watson

Market Cap: US$24.3b

Operates as an advisory, broking, and solutions company worldwide.

First Citizens BancShares

Market Cap: US$24.2b

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.

CLP Holdings

Market Cap: HK$188.9b

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

Bank Rakyat Indonesia (Persero)

Market Cap: Rp429.1t

Provides various banking products and services in Indonesia and internationally.

Snam

Market Cap: €21.1b

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

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.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.0b

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

Markel Group

Market Cap: US$23.7b

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

Telefónica

Market Cap: €20.7b

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

Terna

Market Cap: €20.4b

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

Coca-Cola HBC

Market Cap: UK£17.6b

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.

Principal Financial Group

Market Cap: US$23.0b

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

Dollar Tree

Market Cap: US$22.9b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥155.7b

Inner Mongolia Yili Industrial Group Co., Ltd.

Loews

Market Cap: US$22.8b

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

Public Bank Berhad

Market Cap: RM 93.4b

Provides banking products and services.

NN Group

Market Cap: €19.9b

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

Coca-Cola FEMSA. de

Market Cap: US$22.5b

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

Aeon

Market Cap: JP¥3.6t

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

Sigma Healthcare

Market Cap: AU$32.2b

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

Coles Group

Market Cap: AU$32.2b

Operates as a retailer in Australia.

Cellnex Telecom

Market Cap: €19.5b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Riyad Bank

Market Cap: ر.س82.0b

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

Quest Diagnostics

Market Cap: US$21.8b

Provides diagnostic testing and services in the United States.

Mega Financial Holding

Market Cap: NT$692.0b

Provides various financial services in Taiwan.

Banco do Brasil

Market Cap: R$112.6b

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