Belgian Materials Defensive Blue Chips

Seven & i Holdings

Market Cap: JP¥4.5t

Operates convenience stores in Japan, North America, and internationally.

George Weston

Market Cap: CA$39.1b

Provides food and drug retailing, and financial services in Canada.

Piotech

Market Cap: CN¥188.5b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Sampo Oyj

Market Cap: €23.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

BT Group

Market Cap: UK£20.6b

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

China Everbright Bank

Market Cap: CN¥185.6b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.5b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Lasertec

Market Cap: JP¥4.3t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

PPL

Market Cap: US$27.0b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Winbond Electronics

Market Cap: NT$850.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Yuanjie Semiconductor Technology

Market Cap: CN¥181.8b

Yuanjie Semiconductor Technology Co., Ltd.

China Jushi

Market Cap: CN¥181.6b

Manufactures and sells fiberglass and related products in China and internationally.

W. R. Berkley

Market Cap: US$26.6b

An insurance holding company, operates as a commercial line writer worldwide.

Huaneng Lancang River Hydropower

Market Cap: CN¥179.6b

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

New China Life Insurance

Market Cap: CN¥179.3b

Provides life insurance products and services to individuals and institutions in China.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.2t

Operates as a trust bank in Japan and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥177.2b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Cincinnati Financial

Market Cap: US$26.1b

Provides property casualty insurance products in the United States.

Veeva Systems

Market Cap: US$25.9b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Telefónica

Market Cap: €22.2b

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

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Helvetia Baloise Holding

Market Cap: CHF 20.2b

Engages in life and non-life insurance, and reinsurance business.

MTN Group

Market Cap: R412.5b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Constellation Brands

Market Cap: US$25.5b

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

AIB Group

Market Cap: €21.9b

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

Dollar General

Market Cap: US$25.3b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Banco BPM

Market Cap: €21.7b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Aviva

Market Cap: UK£18.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Koninklijke Philips

Market Cap: €21.7b

Operates as a health technology company in North America, the Greater China, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp450.2t

Provides various banking products and services in Indonesia and internationally.

Snam

Market Cap: €21.6b

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

Regions Financial

Market Cap: US$25.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

TS Financial Holding

Market Cap: NT$785.8b

Provides various financial products and services.

BNP Paribas Fortis

Market Cap: €21.5b

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

Willis Towers Watson

Market Cap: US$24.8b

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

National Bank of KuwaitK.P

Market Cap: د.ك7.6b

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.