Bulgarian Materials Defensive Blue Chips

Lasertec

Market Cap: JP¥3.9t

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

Fresenius SE KGaA

Market Cap: €21.2b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Winbond Electronics

Market Cap: NT$774.0b

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

KeyCorp

Market Cap: US$24.5b

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

China Jushi

Market Cap: CN¥165.1b

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

Banco de Crédito del Perú

Market Cap: S/82.5b

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

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.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥162.6b

Inner Mongolia Yili Industrial Group Co., Ltd.

Mediobanca Banca di Credito Finanziario

Market Cap: €20.8b

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

Bank Rakyat Indonesia (Persero)

Market Cap: Rp429.1t

Provides various banking products and services in Indonesia and internationally.

Principal Financial Group

Market Cap: US$24.0b

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

Aeon

Market Cap: JP¥3.8t

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

Terna

Market Cap: €20.6b

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

TS Financial Holding

Market Cap: NT$751.0b

Provides various financial products and services.

CLP Holdings

Market Cap: HK$185.4b

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

VERBUND

Market Cap: €20.0b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Public Bank Berhad

Market Cap: RM 93.8b

Provides banking products and services.

Markel Group

Market Cap: US$23.1b

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

Entegris

Market Cap: US$23.0b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Coca-Cola FEMSA. de

Market Cap: US$22.9b

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

BIWIN Storage Technology

Market Cap: CN¥154.4b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

China Minsheng Banking

Market Cap: CN¥154.1b

Provides banking products and services in the People's Republic of China.

Coles Group

Market Cap: AU$32.1b

Operates as a retailer in Australia.

HANMI Semiconductor

Market Cap: ₩34.2t

Manufactures and sells semiconductor equipment in South Korea and internationally.

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.

Quest Diagnostics

Market Cap: US$22.5b

Provides diagnostic testing and services in the United States.

Coca-Cola HBC

Market Cap: UK£16.7b

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.

Loews

Market Cap: US$22.2b

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

NN Group

Market Cap: €19.2b

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

ASPEED Technology

Market Cap: NT$697.3b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Uniper

Market Cap: €19.0b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Banco do Brasil

Market Cap: R$111.1b

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

Bank Mandiri (Persero)

Market Cap: Rp391.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Dollar Tree

Market Cap: US$21.9b

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

Labcorp Holdings

Market Cap: US$21.8b

Provides laboratory services.

Telenor

Market Cap: NOK 207.3b

Operates as a telecommunication company worldwide.