Bulgarian Materials Defensive Blue Chips

China Telecom

Market Cap: HK$632.0b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

ANZ Group Holdings

Market Cap: AU$111.8b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Mondelez International

Market Cap: US$79.6b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe.

Assicurazioni Generali

Market Cap: €68.4b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Travelers Companies

Market Cap: US$78.9b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally.

EssilorLuxottica Société anonyme

Market Cap: €67.9b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

Japan Tobacco

Market Cap: JP¥12.0t

A tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally.

Hygon Information Technology

Market Cap: CN¥521.0b

Engages in the research and development of processors, accelerators, and other computing chip products and systems in China.

SoftBank

Market Cap: JP¥12.0t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Cigna Group

Market Cap: US$76.6b

Provides insurance and related products and services in the United States.

JAPAN POST BANK

Market Cap: JP¥11.6t

Provides financial products and services in Japan and internationally.

KDDI

Market Cap: JP¥11.6t

Engages in the provision of mobile telecommunications services in Japan and internationally.

National Grid

Market Cap: UK£55.0b

Engages in the transmission and distribution of electricity and gas.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €64.2b

Engages in the insurance and reinsurance businesses worldwide.

NatWest Group

Market Cap: UK£54.3b

Provides banking and financial products and services in the United Kingdom and internationally.

Manulife Financial

Market Cap: CA$100.5b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Target

Market Cap: US$72.1b

Operates as a general merchandise retailer in the United States.

China CITIC Bank

Market Cap: CN¥473.6b

Provides various banking products and services in the People’s Republic of China and internationally.

Nu Holdings

Market Cap: US$69.6b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

América Móvil. de

Market Cap: Mex$1.2t

Provides telecommunications services in Latin America and internationally.

BOC Hong Kong (Holdings)

Market Cap: HK$541.3b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

NAURA Technology Group

Market Cap: CN¥463.1b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Nordea Bank Abp

Market Cap: €59.7b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Standard Chartered

Market Cap: UK£50.1b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Fubon Financial Holding

Market Cap: NT$2.1t

Provides various financial products and services in Taiwan, Asia, and internationally.

Aon

Market Cap: US$66.1b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

Allstate

Market Cap: US$65.4b

Provides property and casualty, and other insurance products in the United States and Canada.

Boston Scientific

Market Cap: US$65.3b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Arthur J. Gallagher

Market Cap: US$64.9b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Crédit Agricole

Market Cap: €55.8b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Saudi National Bank

Market Cap: ر.س241.8b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

FBC Holdings

Market Cap: US$8.3b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Cencora

Market Cap: US$62.3b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

MetLife

Market Cap: US$62.1b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Société Générale Société anonyme

Market Cap: €53.3b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Truist Financial

Market Cap: US$61.2b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.