Ivorian Materials Defensive Blue Chips

Alinma Bank

Market Cap: ر.س73.3b

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

Cellnex Telecom

Market Cap: €17.0b

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.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫510.5t

Provides banking products and services in Vietnam.

Bank of Nanjing

Market Cap: CN¥131.5b

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

CK Infrastructure Holdings

Market Cap: HK$151.3b

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.

NMBZ Holdings

Market Cap: US$2.5b

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

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$150.8b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Yihai Kerry Arawana Holdings

Market Cap: CN¥130.8b

Engages in the agriculture and food processing businesses in China.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Bank of Ireland Group

Market Cap: €16.7b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥128.2b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

China United Network Communications

Market Cap: CN¥128.2b

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

Bank of Shanghai

Market Cap: CN¥127.2b

Provides various banking products and services in China.

Nexchip Semiconductor (China)

Market Cap: CN¥126.9b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Banco Santander (Brasil)

Market Cap: R$95.8b

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

Beijing YanDong MicroElectronic

Market Cap: CN¥125.8b

Beijing YanDong MicroElectronic Co., Ltd.

Mizrahi Tefahot Bank

Market Cap: ₪56.1b

Provides various banking services in Israel and internationally.

Koninklijke KPN

Market Cap: €16.2b

Provides telecommunications and information technology (IT) services in the Netherlands.

Pernod Ricard

Market Cap: €16.1b

Produces and sells wines and spirits worldwide.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Wilmar International

Market Cap: S$23.8b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Telia Company

Market Cap: SEK 178.2b

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

Associated British Foods

Market Cap: UK£13.6b

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

SinoPac Financial Holdings

Market Cap: NT$586.2b

Through its subsidiaries, provides banking services worldwide.

Lattice Semiconductor

Market Cap: US$18.2b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

China Resources Microelectronics

Market Cap: CN¥123.1b

Engages in the manufacture and sale of semiconductors in China and internationally.

National Silicon Industry Group

Market Cap: CN¥123.1b

National Silicon Industry Group Co., Ltd.

Erste Bank Polska

Market Cap: zł68.2b

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

Global Unichip

Market Cap: NT$581.6b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

IHH Healthcare Berhad

Market Cap: RM 73.5b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Tenet Healthcare

Market Cap: US$17.8b

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

CEMEX. de

Market Cap: Mex$309.9b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

ASPEED Technology

Market Cap: NT$568.2b

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

Eurobank

Market Cap: €15.4b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Saudi Awwal Bank

Market Cap: ر.س66.0b

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

Performance Food Group

Market Cap: US$17.5b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.