Belgian Materials Defensive Blue Chips

MaxLinear

Market Cap: US$11.5b

Provides communications systems-on-chip solutions in the United States, Asia, Europe, and internationally.

Caixa Seguridade Participações

Market Cap: R$59.6b

Provides insurance products in Brazil and internationally.

Alchip Technologies

Market Cap: NT$362.8b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Henan Shijia Photons Technology

Market Cap: CN¥77.2b

Henan Shijia Photons Technology Co., Ltd.

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Silicon Motion Technology

Market Cap: US$11.3b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Rockchip Electronics

Market Cap: CN¥76.5b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

HKT Trust and HKT

Market Cap: HK$88.4b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Taiwan Mobile

Market Cap: NT$357.6b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

KT&G

Market Cap: ₩17.3t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

China Resources Power Holdings

Market Cap: HK$87.6b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Bank of Chengdu

Market Cap: CN¥75.7b

Provides various banking products and services in China.

Arab National Bank

Market Cap: ر.س41.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$11.1b

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

Maplebear

Market Cap: US$11.1b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.2b

Offers insurance and financial services in Israel, Europe, and internationally.

Guangdong Haid Group

Market Cap: CN¥75.1b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Sanlam

Market Cap: R181.5b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Baxter International

Market Cap: US$11.0b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Absa Group

Market Cap: R180.7b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

MTN Nigeria Communications

Market Cap: ₦15.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Magnum Ice Cream

Market Cap: €9.6b

Engages in the ice cream business in the Netherlands.

SICC

Market Cap: CN¥74.2b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

Dangote Cement

Market Cap: ₦14.9t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

UMB Financial

Market Cap: US$10.8b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Wintrust Financial

Market Cap: US$10.8b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Anji Microelectronics Technology (Shanghai)

Market Cap: CN¥73.4b

Researches, develops, manufactures, and sells semiconductor materials in China and internationally.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Olympus

Market Cap: JP¥1.7t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥72.8b

Engages in the generation and sale of electricity in China.

Globus Medical

Market Cap: US$10.7b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Manila Electric

Market Cap: ₱659.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Tianshui Huatian Technology

Market Cap: CN¥72.7b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.

Unigroup Guoxin Microelectronics

Market Cap: CN¥72.6b

Unigroup Guoxin Microelectronics Co., Ltd.