Ivorian Materials Defensive Blue Chips

MTN Nigeria Communications

Market Cap: ₦17.0t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Taiwan Cooperative Financial Holding

Market Cap: NT$394.4b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

SK Telecom

Market Cap: ₩18.5t

Engages in the provision of wireless telecommunication services in South Korea.

Webster Financial

Market Cap: US$12.2b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Suzhou Everbright Photonics

Market Cap: CN¥82.8b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

KT&G

Market Cap: ₩18.3t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Great Eastern Holdings

Market Cap: S$15.6b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Molina Healthcare

Market Cap: US$12.0b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Hangzhou Silan Microelectronics

Market Cap: CN¥81.5b

Engages in the research, design, development, production, and sale of electronic components in China.

J. M. Smucker

Market Cap: US$12.0b

Manufactures and markets branded food and beverage products worldwide.

Semtech

Market Cap: US$12.0b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

First Horizon

Market Cap: US$12.0b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Brown-Forman

Market Cap: US$11.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Tele2

Market Cap: SEK 115.3b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Canara Bank

Market Cap: ₹1.1t

Provides various banking products and services in India and internationally.

Rambus

Market Cap: US$11.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Jerónimo Martins SGPS

Market Cap: €10.4b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Bank of Chengdu

Market Cap: CN¥80.1b

Provides various banking products and services in China.

Chongqing Genori Technology

Market Cap: CN¥80.0b

Manufactures core components and materials.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥79.9b

Henan Shuanghui Investment & Development Co.,Ltd.

GAIL (India)

Market Cap: ₹1.1t

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

American Financial Group

Market Cap: US$11.7b

An insurance holding company, provides property and casualty insurance products in the United States.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

King Yuan Electronics

Market Cap: NT$377.2b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Coca-Cola Consolidated

Market Cap: US$11.7b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺546.4b

Provides various banking products and services in Turkey.

Saputo

Market Cap: CA$16.5b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Tianshui Huatian Technology

Market Cap: CN¥78.9b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.1b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

JoulWatt Technology

Market Cap: CN¥78.5b

Engages in the research and development, and sale of analog integrated circuits in China.

HKT Trust and HKT

Market Cap: HK$90.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Anji Microelectronics Technology (Shanghai)

Market Cap: CN¥78.2b

Researches, develops, manufactures, and sells semiconductor materials in China and internationally.

Italgas

Market Cap: €10.1b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Tata Consumer Products

Market Cap: ₹1.1t

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