Swiss Materials Defensive Blue Chips

Sichuan Chuantou EnergyLtd

Market Cap: CN¥73.9b

Engages in the clean energy business in China.

Hong Leong Bank Berhad

Market Cap: RM 43.7b

Operates as a financial services company in Malaysia and internationally.

Erie Indemnity

Market Cap: US$10.8b

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

Sanlam

Market Cap: R174.8b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$84.1b

Provides banking and related financial services in the People’s Republic of China.

American Financial Group

Market Cap: US$10.7b

An insurance holding company, provides property and casualty insurance products in the United States.

Industrial Bank of Korea

Market Cap: ₩16.5t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Rockchip Electronics

Market Cap: CN¥72.3b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Guangdong Haid Group

Market Cap: CN¥72.0b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Menora Mivtachim Holdings

Market Cap: ₪30.7b

Operates in insurance and finance sectors in Israel.

Globus Medical

Market Cap: US$10.6b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

TIM

Market Cap: R$53.4b

Engages in the telecommunications sector in Brazil.

Realtek Semiconductor

Market Cap: NT$331.5b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Globalstar

Market Cap: US$10.5b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Magnum Ice Cream

Market Cap: €9.0b

Engages in the ice cream business in the Netherlands.

Henan Shijia Photons Technology

Market Cap: CN¥70.9b

Henan Shijia Photons Technology Co., Ltd.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥70.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

Huadian Energy

Market Cap: CN¥70.6b

Engages in the generation and sale of electric power in China.

Silicon Motion Technology

Market Cap: US$10.4b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Skyverse Technology

Market Cap: CN¥70.0b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Caixa Seguridade Participações

Market Cap: R$52.4b

Provides insurance products in Brazil and internationally.

Lotus Bakeries

Market Cap: €8.9b

Provides various snack products in Belgium and internationally.

Lumen Technologies

Market Cap: US$10.3b

A networking company, provides integrated products and services to business and mass customers in the United States and internationally.

Tsingtao Brewery

Market Cap: CN¥69.6b

Engages in the manufacture and sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

BDO Unibank

Market Cap: ₱629.5b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Orkla

Market Cap: NOK 95.3b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Encompass Health

Market Cap: US$10.2b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Bangkok Bank

Market Cap: ฿333.1b

Provides various commercial banking products and services in Thailand and internationally.

Manila Electric

Market Cap: ₱626.7b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Marks and Spencer Group

Market Cap: UK£7.5b

Operates various retail stores.

SD Guthrie Berhad

Market Cap: RM 40.9b

Operates as an integrated plantations company in Malaysia and internationally.

Smithfield Foods

Market Cap: US$10.1b

Produces various packaged meats and fresh pork products in the United States and internationally.

bioMérieux

Market Cap: €8.7b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Max Healthcare Institute

Market Cap: ₹950.9b

Provides medical and healthcare services in India.