Swiss Materials Defensive Blue Chips

First Financial Holding

Market Cap: NT$424.9b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Metro

Market Cap: CA$18.7b

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

BB Seguridade Participações

Market Cap: R$68.0b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Coloplast

Market Cap: DKK 86.4b

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

Admiral Group

Market Cap: UK£10.0b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Unum Group

Market Cap: US$13.3b

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

Chubu Electric Power Company

Market Cap: JP¥2.1t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Kerry Group

Market Cap: €11.5b

Provides taste and nutrition solutions.

Osaka Gas

Market Cap: JP¥2.1t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Gjensidige Forsikring

Market Cap: NOK 124.0b

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

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

ROHM

Market Cap: JP¥2.1t

Manufactures and sells electronic components worldwide.

James Hardie Industries

Market Cap: AU$18.6b

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

Kirin Holdings Company

Market Cap: JP¥2.1t

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

Uni-President Enterprises

Market Cap: NT$416.5b

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

Origin Energy

Market Cap: AU$18.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Carrefour

Market Cap: €11.3b

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

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

United Utilities Group

Market Cap: UK£9.7b

Provides water and wastewater services in the United Kingdom.

Suncorp Group

Market Cap: AU$18.3b

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

Etihad Etisalat

Market Cap: ر.س48.8b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Smith & Nephew

Market Cap: UK£9.7b

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

HDFC Life Insurance

Market Cap: ₹1.2t

Provides individual and group insurance solutions in India.

Jerónimo Martins SGPS

Market Cap: €11.1b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Hwatsing Technology

Market Cap: CN¥87.4b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Wens Foodstuff Group

Market Cap: CN¥87.2b

Engages in the agricultural and animal husbandry businesses in China and internationally.

Tele2

Market Cap: SEK 120.6b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Banque Cantonale Vaudoise

Market Cap: CHF 10.1b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

BUA Foods

Market Cap: ₦17.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Reinsurance Group of America

Market Cap: US$12.8b

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

Britannia Industries

Market Cap: ₹1.2t

Manufactures and sells various food products in India and internationally.

Hormel Foods

Market Cap: US$12.7b

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

CP ALL

Market Cap: ฿416.6b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥86.1b

Zhejiang Zheneng Electric Power Co., Ltd.

Fisher & Paykel Healthcare

Market Cap: NZ$21.6b

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

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.