Swiss Materials Defensive Blue Chips

Kirin Holdings Company

Market Cap: JP¥2.3t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Huaneng Power International

Market Cap: HK$111.8b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Unum Group

Market Cap: US$14.3b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Banco de Crédito e Inversiones

Market Cap: CL$13.3t

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

Phoenix Financial

Market Cap: ₪43.3b

Operates as a financial services company in Israel.

Nova

Market Cap: US$14.2b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Kokusai Electric

Market Cap: JP¥2.3t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Gjensidige Forsikring

Market Cap: NOK 137.7b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

McCormick

Market Cap: US$14.0b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Cooper Companies

Market Cap: US$14.0b

Develops, manufactures, and markets contact lens wearers.

CNA Financial

Market Cap: US$14.0b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Coloplast

Market Cap: DKK 91.5b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

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.

Suncorp Group

Market Cap: AU$20.1b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Uni-President Enterprises

Market Cap: NT$446.6b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Mashreqbank PSC

Market Cap: د.إ51.1b

Provides various banking and financial services to individuals and corporates.

Assurant

Market Cap: US$13.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

RenaissanceRe Holdings

Market Cap: US$13.8b

Provides reinsurance and insurance products in the United States and internationally.

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

Market Cap: ر.ق50.2b

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

Globe Life

Market Cap: US$13.7b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Tryg

Market Cap: DKK 89.6b

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.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp248.2t

Provides information and communications technology, and telecommunications network services worldwide.

Hormel Foods

Market Cap: US$13.6b

Develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally.

Konfoong Materials International

Market Cap: CN¥91.8b

Konfoong Materials International Co., Ltd.

Eastroc Beverage (Group)

Market Cap: CN¥91.3b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Erie Indemnity

Market Cap: US$13.4b

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

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Metro

Market Cap: CA$18.9b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Fisher & Paykel Healthcare

Market Cap: NZ$23.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

United Utilities Group

Market Cap: UK£10.0b

Provides water and wastewater services in the United Kingdom.

Insurance Australia Group

Market Cap: AU$19.2b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Fidelity National Financial

Market Cap: US$13.3b

Provides various insurance products in the United States.

Align Technology

Market Cap: US$13.3b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Carrefour

Market Cap: €11.6b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.3t

Provides healthcare services in India.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.