Ivorian Materials Defensive Blue Chips

VERBUND

Market Cap: €22.6b

Generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers.

Aeon

Market Cap: JP¥3.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Woolworths Group

Market Cap: AU$38.5b

Operates retail stores in Australia and New Zealand.

Atmos Energy

Market Cap: US$24.7b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

SSE

Market Cap: UK£18.5b

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

Disco

Market Cap: JP¥3.6t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

China Minsheng Banking

Market Cap: CN¥176.0b

Provides banking products and services in the People's Republic of China.

Grupo Financiero Banorte. de

Market Cap: Mex$472.3b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Adani Power

Market Cap: ₹2.1t

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

Markel Group

Market Cap: US$24.3b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Veolia Environnement

Market Cap: €21.7b

Designs and provides water, waste, and energy management solutions.

Huaneng Lancang River Hydropower

Market Cap: CN¥174.8b

Engages in the development, construction, operation, and management of hydropower projects.

KB Financial Group

Market Cap: ₩34.0t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Archer-Daniels-Midland

Market Cap: US$24.0b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

George Weston

Market Cap: CA$33.3b

Provides food and drug retailing, and financial services in Canada.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ87.2b

Provides banking products and services in the United Arab Emirates and internationally.

Riyad Bank

Market Cap: ر.س88.5b

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

China United Network Communications

Market Cap: CN¥170.1b

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

Cincinnati Financial

Market Cap: US$23.4b

Provides property casualty insurance products in the United States.

Yihai Kerry Arawana Holdings

Market Cap: CN¥169.2b

Engages in the agriculture and food processing businesses in China.

Rocket Companies

Market Cap: US$23.3b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

Bank of Ningbo

Market Cap: CN¥168.3b

Provides various personal and business banking products and services in the People's Republic of China.

QNB Bank

Market Cap: ₺904.5b

Provides various banking products and services in Turkey.

STMicroelectronics

Market Cap: €20.8b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Huntington Bancshares

Market Cap: US$23.2b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

CGN Power

Market Cap: HK$180.9b

Generates and sells nuclear power in the People’s Republic of China.

Power Corporation of Canada

Market Cap: CA$32.0b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Renesas Electronics

Market Cap: JP¥3.4t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

STERIS

Market Cap: US$22.9b

Provides infection prevention products and services worldwide.

Vodafone Group

Market Cap: UK£17.1b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and Africa.

Sigma Healthcare

Market Cap: AU$35.0b

Operates as a pharmaceutical wholesaler, distributor, and pharmacy franchisor in Australia and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪80.3b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Koninklijke Philips

Market Cap: €20.0b

Operates as a health technology company in North America, the Greater China, and internationally.

Insulet

Market Cap: US$22.3b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Gulf Development

Market Cap: ฿739.5b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Ajinomoto

Market Cap: JP¥3.3t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.