Swiss Materials Defensive Blue Chips

Bank of Ningbo

Market Cap: CN¥208.7b

Provides various personal and business banking products and services in the People's Republic of China.

Veeva Systems

Market Cap: US$30.8b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Standard Bank Group

Market Cap: R497.7b

Provides financial products and services in South Africa and internationally.

Muyuan Foods

Market Cap: CN¥207.7b

Operates as a pork company in the hog farming industry in China.

Centene

Market Cap: US$30.6b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

China Unicom (Hong Kong)

Market Cap: HK$239.6b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Talanx

Market Cap: €26.1b

Provides insurance and reinsurance products and services worldwide.

Amrize

Market Cap: CHF 23.8b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Shinhan Financial Group

Market Cap: ₩45.8t

Provides financial products and services in South Korea, Vietnam, and Japan.

Swiss Life Holding

Market Cap: CHF 23.4b

Provides life, pensions, and financial solutions for private and corporate clients.

Foshan Haitian Flavouring and Food

Market Cap: CN¥200.3b

Foshan Haitian Flavouring and Food Company Ltd.

Gulf Development

Market Cap: ฿963.6b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$506.0b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Veolia Environnement

Market Cap: €25.1b

Designs and provides water, waste, and energy management solutions.

Svenska Handelsbanken

Market Cap: SEK 269.8b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

DexCom

Market Cap: US$28.9b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

GE HealthCare Technologies

Market Cap: US$28.5b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Resona Holdings

Market Cap: JP¥4.6t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

BPER Banca

Market Cap: €24.5b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Tower Semiconductor

Market Cap: US$28.5b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Nestlé India

Market Cap: ₹2.7t

Engages in the manufacture and sale of food products in India and internationally.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ103.9b

Provides banking products and services in the United Arab Emirates and internationally.

China National Nuclear Power

Market Cap: CN¥190.9b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Huaneng Lancang River Hydropower

Market Cap: CN¥189.7b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Kraft Heinz

Market Cap: US$28.0b

Manufactures and markets food and beverage products in North America and internationally.

Atmos Energy

Market Cap: US$27.9b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Sampo Oyj

Market Cap: €23.8b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Power Grid Corporation of India

Market Cap: ₹2.6t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Casey's General Stores

Market Cap: US$27.6b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.4b

Engages in the development, manufacture, and sale of chocolate products worldwide.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.5b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Credicorp

Market Cap: US$27.1b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

ResMed

Market Cap: US$27.0b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$27.0b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.