Ivorian Materials Defensive Blue Chips

Uni-President Enterprises

Market Cap: NT$458.5b

Manufactures and sells beverage, food, animal feed, and wheat flour in Taiwan and internationally.

E.SUN Financial Holding Company

Market Cap: NT$457.5b

Provides various financial banking products and services in Taiwan.

Telia Company

Market Cap: SEK 144.1b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Banco de Chile

Market Cap: CL$14.1t

Operates as a commercial bank that provides banking services in Chile.

BDO Unibank

Market Cap: ₱830.5b

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

Tryg

Market Cap: DKK 98.0b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Wilmar International

Market Cap: S$19.2b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.6b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Fortum Oyj

Market Cap: €13.1b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Everest Group

Market Cap: US$14.8b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

IHH Healthcare Berhad

Market Cap: RM 61.7b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Santander Bank Polska

Market Cap: zł54.8b

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

Attijariwafa bank

Market Cap: د.م133.9b

Provides banking products and services.

Vodacom Group

Market Cap: R264.1b

Operates as a connectivity, digital, and financial services company in South Africa, Egypt, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$112.4b

An investment holding company, produces, imports, markets, distributes, and sells beer and other non-beer beverages primarily in China, South Korea, India, Vietnam, and the other Asia Pacific regions.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Power Assets Holdings

Market Cap: HK$111.4b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥103.6b

Offers liquors, wines, and spirits.

Suncorp Group

Market Cap: AU$22.0b

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

Huaneng Power International

Market Cap: HK$110.2b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق50.9b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Dino Polska

Market Cap: zł52.4b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

CP ALL

Market Cap: ฿455.9b

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

Tenet Healthcare

Market Cap: US$13.8b

Operates as a diversified healthcare services company in the United States.

Almarai

Market Cap: ر.س51.6b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$78.4b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Unum Group

Market Cap: US$13.7b

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

Mizrahi Tefahot Bank

Market Cap: ₪49.3b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł51.4b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

First Solar

Market Cap: US$13.6b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Unipol Assicurazioni

Market Cap: €11.9b

Provides insurance products and services primarily in Italy.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Admiral Group

Market Cap: UK£10.1b

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

ASR Nederland

Market Cap: €11.8b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.