Bermudian Materials Defensive Blue Chips

Sonova Holding

Market Cap: CHF 13.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Erie Indemnity

Market Cap: US$16.5b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Kansai Electric Power Company

Market Cap: JP¥2.5t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Bank of Beijing

Market Cap: CN¥116.5b

Provides various banking services to personal and corporate customers in China.

Coca-Cola HBC

Market Cap: UK£12.2b

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.

Aier Eye Hospital Group

Market Cap: CN¥114.7b

Operates eye care hospitals and institutions.

Grupo Financiero Inbursa. de

Market Cap: Mex$296.3b

Provides various financial products and services to individuals and businesses in Mexico.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$85.3b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Bank of Ireland Group

Market Cap: €13.7b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Performance Food Group

Market Cap: US$15.9b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Mediobanca Banca di Credito Finanziario

Market Cap: €13.6b

Provides various banking products and services in Italy and internationally.

Fidelity National Financial

Market Cap: US$15.8b

Provides various insurance products in the United States.

MTN Group

Market Cap: R271.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Unipol Assicurazioni

Market Cap: €13.5b

Provides insurance products and services primarily in Italy.

bioMérieux

Market Cap: €13.4b

Develops and markets in vitro diagnostic solutions for infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Fresenius Medical Care

Market Cap: €13.4b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Uniper

Market Cap: €13.4b

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

Bank of Hangzhou

Market Cap: CN¥110.7b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Tryg

Market Cap: DKK 99.6b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Banco de Chile

Market Cap: CL$14.8t

Operates as a commercial bank that provides banking services in Chile.

Smith & Nephew

Market Cap: UK£11.5b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Bank of Baroda

Market Cap: ₹1.4t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق55.5b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Ryan Specialty Holdings

Market Cap: US$15.2b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Celsius Holdings

Market Cap: US$15.2b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Jerónimo Martins SGPS

Market Cap: €13.1b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Everest Group

Market Cap: US$15.2b

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

JBS

Market Cap: US$15.0b

Operates as a protein and food company worldwide.

Chandra Daya Investasi

Market Cap: Rp250.5t

Operates as an infrastructure investment holding company.

TS Financial Holding

Market Cap: NT$457.5b

Provides various financial products and services.

Hologic

Market Cap: US$15.0b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Vodacom Group

Market Cap: R258.0b

Provides communications products and services.

Guangdong Haid Group

Market Cap: CN¥105.7b

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