Swiss Materials Defensive Blue Chips

Phison Electronics

Market Cap: NT$593.6b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Varun Beverages

Market Cap: ₹1.8t

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.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$95.5b

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

Banco de Chile

Market Cap: CL$16.8t

Provides commercial banking services in Chile.

CEMEX. de

Market Cap: Mex$325.3b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Adani Energy Solutions

Market Cap: ₹1.8t

Generates, transmits, and distributes power in India.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Raiffeisen Bank International

Market Cap: €16.1b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥126.5b

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

OmniVision Integrated Circuits Group

Market Cap: CN¥125.5b

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

Amkor Technology

Market Cap: US$18.5b

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

SiTime

Market Cap: US$18.5b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Saudi Awwal Bank

Market Cap: ر.س69.1b

Provides banking and financial services in the Kingdom of Saudi Arabia.

MPI

Market Cap: NT$578.1b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

Saudi Energy

Market Cap: ر.س68.9b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

CK Infrastructure Holdings

Market Cap: HK$143.7b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Mizrahi Tefahot Bank

Market Cap: ₪52.7b

Provides various banking services in Israel and internationally.

Telecom Italia

Market Cap: €15.7b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Jentech Precision Industrial

Market Cap: NT$573.0b

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

NMBZ Holdings

Market Cap: US$2.3b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Rambus

Market Cap: US$18.0b

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

ACM Research (Shanghai)

Market Cap: CN¥122.0b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Pernod Ricard

Market Cap: €15.3b

Produces and sells wines and spirits worldwide.

US Foods Holding

Market Cap: US$17.8b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Vodacom Group

Market Cap: R290.8b

Provides communications products and services.

Associated British Foods

Market Cap: UK£13.0b

Engages in the food, ingredients, and retail businesses worldwide.

SK Telecom

Market Cap: ₩26.7t

Engages in the provision of wireless telecommunication services in South Korea.

Bank of Hangzhou

Market Cap: CN¥116.1b

Provides various banking products and services in China.

Unipol Assicurazioni

Market Cap: €14.8b

Provides insurance products and services primarily in Italy.

HANMI Semiconductor

Market Cap: ₩26.1t

Manufactures and sells semiconductor equipment in South Korea and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 76.9b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Wilmar International

Market Cap: S$21.7b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Erste Bank Polska

Market Cap: zł62.0b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

E.SUN Financial Holding Company

Market Cap: NT$533.7b

Offers various financial banking products and services in Taiwan.

Bank Polska Kasa Opieki

Market Cap: zł61.9b

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