Ivorian Materials Defensive Blue Chips

Mega Financial Holding

Market Cap: NT$691.2b

Provides various financial services in Taiwan.

MTN Group

Market Cap: R345.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

CIMB Group Holdings Berhad

Market Cap: RM 87.3b

Provides various banking products and services in Malaysia and internationally.

Banco Santander (Brasil)

Market Cap: R$111.2b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Bank of Nanjing

Market Cap: CN¥144.9b

Engages in the provision of various financial products and services in China.

BNP Paribas Fortis

Market Cap: €18.4b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥142.8b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Fortum Oyj

Market Cap: €18.2b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Entegris

Market Cap: US$21.2b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Bunge Global

Market Cap: US$21.2b

Operates as an agribusiness and food company worldwide.

ACM Research (Shanghai)

Market Cap: CN¥142.0b

Engages in the research, development, production, and sale of semiconductor equipment in China.

CK Infrastructure Holdings

Market Cap: HK$165.2b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Bank of Ireland Group

Market Cap: €18.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Banco de Sabadell

Market Cap: €18.0b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Cellnex Telecom

Market Cap: €18.0b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Yihai Kerry Arawana Holdings

Market Cap: CN¥139.7b

Engages in the agriculture and food processing businesses in China.

Alinma Bank

Market Cap: ر.س77.8b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Aksigorta

Market Cap: ₺994.6b

Provides various life and non-life insurance products and services to retail and corporate customers in Turkey.

NMBZ Holdings

Market Cap: US$2.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

China Tower

Market Cap: HK$161.7b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Bank of Shanghai

Market Cap: CN¥138.1b

Provides various banking products and services in China.

Technoprobe

Market Cap: €17.6b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

ASPEED Technology

Market Cap: NT$652.4b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩28.2t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Tyson Foods

Market Cap: US$20.3b

Operates as a food company worldwide.

Mizrahi Tefahot Bank

Market Cap: ₪60.3b

Provides various banking services in Israel and internationally.

Adani Energy Solutions

Market Cap: ₹1.9t

Generates, transmits, and distributes power in India.

China United Network Communications

Market Cap: CN¥134.7b

Provides telecommunication services in the People’s Republic of China.

Erste Bank Polska

Market Cap: zł73.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Telenor

Market Cap: NOK 185.7b

Operates as a telecommunication company worldwide.

Arca Continental. de

Market Cap: Mex$335.8b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Pernod Ricard

Market Cap: €16.9b

Produces and sells wines and spirits worldwide.

E.SUN Financial Holding Company

Market Cap: NT$626.6b

Offers various financial banking products and services in Taiwan.

MACOM Technology Solutions Holdings

Market Cap: US$19.7b

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

Associated British Foods

Market Cap: UK£14.4b

Engages in the food, ingredients, and retail businesses worldwide.

JCET Group

Market Cap: CN¥131.7b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.