Belgian Materials Defensive Blue Chips

JBS

Market Cap: R$87.3b

Engages in the processing of animal protein worldwide.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ56.7b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Wens Foodstuff Group

Market Cap: CN¥110.8b

Operates as a livestock and poultry farming company in China.

BDO Unibank

Market Cap: ₱850.5b

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

Banco de Crédito del Perú

Market Cap: S/55.7b

Provides banking products and services to individuals, small-sized companies, and corporate customers in Peru.

Uni-President Enterprises

Market Cap: NT$451.7b

Manufactures and sells beverage, food, animal feed, and wheat flour in Taiwan and internationally.

Jerónimo Martins SGPS

Market Cap: €13.3b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$116.2b

An investment holding company, produces, imports, markets, distributes, and sells beer and other non-beer beverages primarily in China, South Korea, India, Vietnam, and the other Asia Pacific regions.

Tata Power

Market Cap: ₹1.3t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Everest Group

Market Cap: US$14.7b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells precision machineries and instruments worldwide.

Attijariwafa bank

Market Cap: د.م136.5b

Provides banking products and services.

Wilmar International

Market Cap: S$19.1b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Tryg

Market Cap: DKK 97.7b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Tenet Healthcare

Market Cap: US$14.6b

Operates as a diversified healthcare services company in the United States.

Fortum Oyj

Market Cap: €13.1b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

IHH Healthcare Berhad

Market Cap: RM 62.0b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Astera Labs

Market Cap: US$14.5b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Huaneng Power International

Market Cap: HK$112.8b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.4b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Jiangsu Yanghe Distillery

Market Cap: CN¥103.8b

Offers liquors, wines, and spirits.

Hims & Hers Health

Market Cap: US$14.3b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Suncorp Group

Market Cap: AU$22.3b

Provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand.

Mizrahi Tefahot Bank

Market Cap: ₪50.5b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Dino Polska

Market Cap: zł54.0b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł54.0b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$14.2b

Operates membership warehouse clubs on the eastern half of the United States.

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Santander Bank Polska

Market Cap: zł53.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Power Assets Holdings

Market Cap: HK$110.5b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Unum Group

Market Cap: US$14.1b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Telia Company

Market Cap: SEK 137.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Vodacom Group

Market Cap: R254.4b

Operates as a connectivity, digital, and financial services company in South Africa, Egypt, and internationally.

Almarai

Market Cap: ر.س52.6b

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