Swiss Materials Defensive Blue Chips

Crédit Agricole

Market Cap: €49.8b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Teradyne

Market Cap: US$57.8b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Aflac

Market Cap: US$57.1b

Through its subsidiaries, provides supplemental health and life insurance products.

Sempra

Market Cap: US$57.0b

Engages in the regulated utilities business in the United States and Mexico.

Samsung Life Insurance

Market Cap: ₩86.2t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

United Microelectronics

Market Cap: NT$1.8t

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Target

Market Cap: US$56.2b

Operates as a general merchandise retailer in the United States.

Singapore Telecommunications

Market Cap: S$71.3b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Orange

Market Cap: €47.6b

Operates as a telecommunications operator in France and internationally.

HOYA

Market Cap: JP¥8.8t

A med-tech company, provides high-tech and medical products internationally.

National Bank of Canada

Market Cap: CA$76.2b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Astera Labs

Market Cap: US$54.9b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

E.ON

Market Cap: €47.1b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Holcim

Market Cap: CHF 42.1b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Allstate

Market Cap: US$53.3b

Provides property and casualty, and other insurance products in the United States and Canada.

Life Insurance Corporation of India

Market Cap: ₹5.1t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Arthur J. Gallagher

Market Cap: US$53.0b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

MetLife

Market Cap: US$52.7b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

KBC Group

Market Cap: €45.1b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Loblaw Companies

Market Cap: CA$72.3b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Vistra

Market Cap: US$52.2b

Operates as an integrated retail electricity and power generation company in the United States.

Wal-Mart de México. de

Market Cap: Mex$898.6b

Owns and operates self-service stores in Mexico and Central America.

Alimentation Couche-Tard

Market Cap: CA$71.6b

Operates and licenses convenience stores in North America, Europe, and Asia.

Cencora

Market Cap: US$51.5b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Great-West Lifeco

Market Cap: CA$70.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Ambev

Market Cap: R$255.9b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Edwards Lifesciences

Market Cap: US$50.8b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Renesas Electronics

Market Cap: JP¥8.1t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Fubon Financial Holding

Market Cap: NT$1.6t

Provides various financial products and services in Taiwan, Asia, and internationally.

GigaDevice Semiconductor

Market Cap: CN¥337.1b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

SJ Semiconductor

Market Cap: CN¥336.1b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

United Overseas Bank

Market Cap: S$63.5b

Provides banking products and services worldwide.

Microchip Technology

Market Cap: US$49.6b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

ASM International

Market Cap: €42.4b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ179.2b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.