Bahraini Materials Defensive Blue Chips

mBank

Market Cap: zł41.8b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Baloise Holding

Market Cap: CHF 9.1b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Raiffeisen Bank International

Market Cap: €9.8b

Offers banking services to corporate, private, and institutional customers.

China Zheshang Bank

Market Cap: HK$88.6b

Provides various commercial banking products and services in Mainland China.

Sanlam

Market Cap: R196.6b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م105.0b

Provides various telecommunication solutions in Morocco and internationally.

Rockchip Electronics

Market Cap: CN¥81.0b

Operates as a fabless IC design company in China.

Rambus

Market Cap: US$11.3b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

ICICI Lombard General Insurance

Market Cap: ₹992.1b

Provides various general insurance products and services in India.

China Resources Beer (Holdings)

Market Cap: HK$87.6b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Smoore International Holdings

Market Cap: HK$87.5b

An investment holding company, engages in the provision of vaping technology solutions.

Piotech

Market Cap: CN¥80.1b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

ING Bank Slaski

Market Cap: zł41.0b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Tele2

Market Cap: SEK 104.9b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Tsingtao Brewery

Market Cap: CN¥79.2b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Manila Electric

Market Cap: ₱652.6b

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

SinoPac Financial Holdings

Market Cap: NT$342.6b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

HKT Trust and HKT

Market Cap: HK$86.3b

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.

Coca-Cola Consolidated

Market Cap: US$11.1b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Airtel Africa

Market Cap: UK£8.3b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Far EasTone Telecommunications

Market Cap: NT$341.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Centrica

Market Cap: UK£8.3b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Taiwan Mobile

Market Cap: NT$340.3b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

American Financial Group

Market Cap: US$11.0b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Hims & Hers Health

Market Cap: US$11.0b

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

TIM

Market Cap: R$59.4b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Hon. Precision

Market Cap: NT$339.4b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Nanya Technology

Market Cap: NT$339.3b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Skyworks Solutions

Market Cap: US$11.0b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

United Spirits

Market Cap: ₹963.8b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services in Japan.

Marks and Spencer Group

Market Cap: UK£8.2b

Operates various retail stores.

Bank of Chengdu

Market Cap: CN¥77.3b

Provides various commercial banking products and services in China.

Indus Towers

Market Cap: ₹953.5b

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.

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.