Ivorian Materials Defensive Blue Chips

Endesa

Market Cap: €39.9b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Great-West Lifeco

Market Cap: CA$63.8b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Fifth Third Bancorp

Market Cap: US$46.3b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Erste Group Bank

Market Cap: €39.4b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Bank Central Asia

Market Cap: Rp793.4t

Provides commercial banking and other financial services.

Edwards Lifesciences

Market Cap: US$46.0b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Axis Bank

Market Cap: ₹4.3t

Provides various financial products and services in India and internationally.

Federal National Mortgage Association

Market Cap: US$45.3b

Provides financing solutions for residential mortgages in the United States.

DNB Bank

Market Cap: NOK 420.7b

Provides financial services to individuals and businesses in Norway and internationally.

IDEXX Laboratories

Market Cap: US$45.2b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ165.8b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

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

Market Cap: ر.ق164.3b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Rocket Companies

Market Cap: US$44.9b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Diageo

Market Cap: UK£33.1b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Becton Dickinson

Market Cap: US$44.6b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Adani Power

Market Cap: ₹4.2t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Commerzbank

Market Cap: €37.7b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$345.5b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Microchip Technology

Market Cap: US$43.8b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Swisscom

Market Cap: CHF 34.0b

Provides telecommunication services in Switzerland, Italy, and internationally.

Moore Threads Technology

Market Cap: CN¥295.5b

Engages in the development of GPU chips and related products.

Heineken

Market Cap: €36.8b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Koninklijke Ahold Delhaize

Market Cap: €36.8b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Coca-Cola Europacific Partners

Market Cap: €36.7b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

SSE

Market Cap: UK£31.6b

Engages in the generation, transmission, distribution, and supply of electricity.

Telstra Group

Market Cap: AU$59.7b

Provides telecommunications and information services in Australia and internationally.

Tesco

Market Cap: UK£31.4b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Kroger

Market Cap: US$42.2b

Operates as a food and drug retailer in the United States.

Barito Renewables Energy

Market Cap: Rp722.4t

Generates and sells power through geothermal and wind resources in Indonesia.

American International Group

Market Cap: US$41.7b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Fairfax Financial Holdings

Market Cap: CA$56.8b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Danske Bank

Market Cap: DKK 264.2b

Provides various banking products and services to corporate, institutional, and international clients.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥280.7b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

ITC

Market Cap: ₹3.8t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

PICC Property and Casualty

Market Cap: HK$317.8b

Engages in property and casualty insurance business in People’s Republic of China.

Kotak Mahindra Bank

Market Cap: ₹3.8t

Provides a range of banking and financial services to corporate and individual customers in India.