Bermudian Materials Defensive Blue Chips

OmniVision Integrated Circuits Group

Market Cap: CN¥118.1b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥118.1b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

SDIC Power Holdings

Market Cap: CN¥117.8b

Engages in the electricity generation business in China.

Mora Telematika Indonesia

Market Cap: Rp314.1t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

MPI

Market Cap: NT$560.5b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥116.4b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫451.2t

Provides banking products and services in Vietnam.

Bank of Hangzhou

Market Cap: CN¥114.9b

Provides various banking products and services in China.

Kasikornbank

Market Cap: ฿568.9b

Provides commercial banking products and services in Thailand and internationally.

Elia Group

Market Cap: €14.8b

Develops and operates as a transmission system operator in Belgium and Germany.

Airtel Africa

Market Cap: UK£12.7b

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

BIWIN Storage Technology

Market Cap: CN¥113.7b

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

Global Unichip

Market Cap: NT$542.7b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Dairibord Holdings

Market Cap: US$2.1b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

FinecoBank Banca Fineco

Market Cap: €14.6b

Provides banking, credit, trading and investment services in Italy.

Kansai Electric Power Company

Market Cap: JP¥2.7t

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

Woori Financial Group

Market Cap: ₩24.2t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Bankinter

Market Cap: €14.5b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Hua Xia Bank

Market Cap: CN¥111.6b

Provides commercial banking services in China and Hong Kong.

Bank Polska Kasa Opieki

Market Cap: zł62.4b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

National Bank of Greece

Market Cap: €14.4b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Enpara Bank

Market Cap: ₺772.2b

Provides banking services and products in Turkey.

ASR Nederland

Market Cap: €14.3b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Amkor Technology

Market Cap: US$16.1b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

KGI Financial Holding

Market Cap: NT$521.1b

Operates as a financial company in Taiwan and internationally.

Power Assets Holdings

Market Cap: HK$125.9b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

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.

Powszechny Zaklad Ubezpieczen

Market Cap: zł60.9b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Jentech Precision Industrial

Market Cap: NT$517.2b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Banco Santander-Chile

Market Cap: CL$14.9t

Provides commercial and retail banking products and services in Chile.

Sonova Holding

Market Cap: CHF 13.0b

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.

Bank of Beijing

Market Cap: CN¥107.0b

Provides various banking services to individuals and corporates in China.

GlobalWafers

Market Cap: NT$509.2b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Reinsurance Group of America

Market Cap: US$15.7b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

James Hardie Industries

Market Cap: AU$22.4b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.