Australian Materials Defensive Blue Chips

Encompass Health

Market Cap: US$11.6b

Provides post-acute healthcare services in the United States and Puerto Rico.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Globus Medical

Market Cap: US$11.6b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Dino Polska

Market Cap: zł42.1b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Bank Albilad

Market Cap: ر.س43.2b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Celsius Holdings

Market Cap: US$11.5b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Bank Permata

Market Cap: Rp190.9t

Provides various banking products and services in Indonesia.

ACM Research (Shanghai)

Market Cap: CN¥81.3b

Engages in the research, development, production, and sale of semiconductor equipment in China.

China Zheshang Bank

Market Cap: HK$88.5b

Provides various commercial banking products and services in Mainland China.

SinoPac Financial Holdings

Market Cap: NT$353.1b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Banque Saudi Fransi

Market Cap: ر.س42.6b

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

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Assurant

Market Cap: US$11.3b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.5b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

ICICI Lombard General Insurance

Market Cap: ₹993.5b

Provides various general insurance products and services in India.

Sanlam

Market Cap: R192.4b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

TIM

Market Cap: R$59.1b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Shanghai Electric Power

Market Cap: CN¥79.7b

Engages in the integration of clean energy, new energy, smart energy technology research and development and application, modern energy supply, and services in China and internationally.

Tsingtao Brewery

Market Cap: CN¥79.6b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Chubu Electric Power Company

Market Cap: JP¥1.7t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

BDO Unibank

Market Cap: ₱656.0b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

BKW

Market Cap: CHF 8.9b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Tele2

Market Cap: SEK 104.8b

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

Shree Cement

Market Cap: ₹975.4b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Italgas

Market Cap: €9.5b

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

Tower Semiconductor

Market Cap: US$11.0b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Industrial Bank of Korea

Market Cap: ₩16.0t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Anhui Gujing Distillery

Market Cap: CN¥77.9b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Rigetti Computing

Market Cap: US$10.9b

Through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م101.1b

Provides various telecommunication solutions in Morocco and internationally.

Far EasTone Telecommunications

Market Cap: NT$337.5b

Engages in the provision of telecommunications and digital application services in Taiwan.

Hippo Valley Estates

Market Cap: US$1.4b

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

Chongqing Rural Commercial Bank

Market Cap: HK$83.9b

Provides banking services in the People’s Republic of China.

Komercní banka

Market Cap: Kč225.7b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Waaree Energies

Market Cap: ₹954.6b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Lumen Technologies

Market Cap: US$10.8b

A networking company, provides integrated products and services to business and mass customers in the United States and internationally.