Swiss Materials Defensive Blue Chips

National Bank of Greece

Market Cap: €12.9b

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

Attijariwafa bank

Market Cap: د.م137.4b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

FinecoBank Banca Fineco

Market Cap: €12.8b

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

WH Group

Market Cap: HK$115.5b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Bankinter

Market Cap: €12.7b

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

Kasikornbank

Market Cap: ฿479.6b

Provides commercial banking products and services in Thailand and internationally.

Anhui Conch Cement

Market Cap: CN¥98.9b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.6b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$113.9b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Dangote Cement

Market Cap: ₦19.8t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Bank of Baroda

Market Cap: ₹1.4t

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

GlobalWafers

Market Cap: NT$454.2b

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

Rede D'Or São Luiz

Market Cap: R$72.8b

Engages in the provision of hospital services in Brazil.

Banco Santander-Chile

Market Cap: CL$12.8t

Provides commercial and retail banking products and services in Chile.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.5b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Woori Financial Group

Market Cap: ₩21.9t

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

Banco de Crédito e Inversiones

Market Cap: CL$12.8t

Provides various banking products and services in Chile, the United States, and Peru.

Tenet Healthcare

Market Cap: US$14.2b

Operates as a diversified healthcare services company in the United States.

China Resources Power Holdings

Market Cap: HK$111.2b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ51.9b

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

SCB X

Market Cap: ฿463.0b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

National Silicon Industry Group

Market Cap: CN¥95.3b

National Silicon Industry Group Co., Ltd.

Pinnacle Financial Partners

Market Cap: US$14.1b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

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

Market Cap: ر.ق51.2b

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

ageas

Market Cap: €12.1b

Engages in insurance business.

China Resources Microelectronics

Market Cap: CN¥95.0b

Engages in the manufacture and sale of semiconductors in China and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥94.4b

Beijing YanDong MicroElectronic Co., Ltd.

Onto Innovation

Market Cap: US$13.9b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

KGI Financial Holding

Market Cap: NT$436.3b

Operates as a financial company in Taiwan and internationally.

Mapfre

Market Cap: €11.9b

Engages in insurance, reinsurance, and financial activities in Spain.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥93.2b

Engages in the generation and sale of electricity in China.

Tryg

Market Cap: DKK 88.1b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Asahi Group Holdings

Market Cap: JP¥2.2t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

BAWAG Group

Market Cap: €11.7b

Operates as a holding company for BAWAG P.S.K.

Shanghai United Imaging Healthcare

Market Cap: CN¥91.5b

Shanghai United Imaging Healthcare Co., Ltd.

Mashreqbank PSC

Market Cap: د.إ49.5b

Provides various banking and financial services to individuals and corporates.