Bulgarian Materials Defensive Blue Chips

DNB Bank

Market Cap: NOK 453.6b

Provides financial services to individuals and businesses in Norway and internationally.

Orange

Market Cap: €42.0b

Operates as a telecommunications operator in France and internationally.

HOYA

Market Cap: JP¥7.5t

A med-tech company, provides high-tech and medical products in the Japan, Asia, the Americas, Europe, and internationally.

Diageo

Market Cap: UK£35.8b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.8b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥7.4t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

RWE

Market Cap: €41.4b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

PICC Property and Casualty

Market Cap: HK$373.9b

Engages in property and casualty insurance business in People’s Republic of China.

People's Insurance Company (Group) of China

Market Cap: HK$370.9b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Vistra

Market Cap: US$47.2b

Operates as an integrated retail electricity and power generation company in the United States.

Ambev

Market Cap: R$243.1b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Danske Bank

Market Cap: DKK 300.6b

Provides various banking products and services to corporate, institutional, and international clients.

Holcim

Market Cap: CHF 37.7b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Coca-Cola Europacific Partners

Market Cap: €39.7b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

Wal-Mart de México. de

Market Cap: Mex$784.0b

Owns and operates self-service stores in Mexico and Central America.

Danone

Market Cap: €39.6b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

KB Financial Group

Market Cap: ₩62.4t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Heineken

Market Cap: €39.4b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Skandinaviska Enskilda Banken

Market Cap: SEK 442.1b

Provides corporate, retail, investment, and private banking services.

Shanghai Pudong Development Bank

Market Cap: CN¥303.1b

Provides commercial banking products and services in China and internationally.

Swedbank

Market Cap: SEK 439.8b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Sun Life Financial

Market Cap: CA$62.2b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Astera Labs

Market Cap: US$44.6b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

Bank Central Asia

Market Cap: Rp777.0t

Provides commercial banking and other financial services.

Japan Post Holdings

Market Cap: JP¥6.9t

Provides postal, banking, and insurance services in Japan.

Daiichi Life Group

Market Cap: JP¥6.8t

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

Cerebras Systems

Market Cap: US$43.0b

Operates as an artificial intelligence infrastructure company.

Kotak Mahindra Bank

Market Cap: ₹4.1t

Provides a range of banking and financial services to corporate and individual customers in India.

Veeva Systems

Market Cap: US$43.0b

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

STMicroelectronics

Market Cap: €37.3b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

China Pacific Insurance (Group)

Market Cap: CN¥287.5b

Provides insurance products to in the People’s Republic of China.

Swisscom

Market Cap: CHF 34.9b

Provides telecommunication services in Switzerland, Italy, and internationally.

ASM International

Market Cap: €36.7b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Power Corporation of Canada

Market Cap: CA$58.4b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Archer-Daniels-Midland

Market Cap: US$41.7b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €35.9b

Provides various banking products and services in Italy and internationally.