Colombian Materials Defensive Blue Chips

China Resources Power Holdings

Market Cap: HK$94.4b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

HKT Trust and HKT

Market Cap: HK$93.9b

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.

Nova

Market Cap: US$12.0b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

American Financial Group

Market Cap: US$11.9b

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

Alpha Bank

Market Cap: €10.2b

Provides various banking and financial products and services in Greece and internationally.

Encompass Health

Market Cap: US$11.9b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Saputo

Market Cap: CA$16.3b

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

Arab National Bank

Market Cap: ر.س44.5b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

GAIL (India)

Market Cap: ₹1.1t

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

Beijing YanDong MicroElectronic

Market Cap: CN¥79.3b

Beijing YanDong MicroElectronic Co., Ltd.

Bank of Chengdu

Market Cap: CN¥79.0b

Provides various banking products and services in China.

Absa Group

Market Cap: R188.0b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

First Horizon

Market Cap: US$11.7b

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

Globus Medical

Market Cap: US$11.7b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Hong Leong Bank Berhad

Market Cap: RM 47.0b

Operates as a financial services company in Malaysia and internationally.

Far EasTone Telecommunications

Market Cap: NT$369.6b

Provides mobile telecommunications services in Taiwan and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥78.0b

Engages in the generation and sale of electricity in China.

YTL Power International Berhad

Market Cap: RM 46.8b

An investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally.

Realtek Semiconductor

Market Cap: NT$368.1b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Semtech

Market Cap: US$11.6b

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

United Spirits

Market Cap: ₹1.1t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Align Technology

Market Cap: US$11.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Maplebear

Market Cap: US$11.5b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Mowi

Market Cap: NOK 107.3b

A seafood company, produces and sells Atlantic salmon products worldwide.

Marico

Market Cap: ₹1.1t

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

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Industrial Bank of Korea

Market Cap: ₩15.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

SG Micro

Market Cap: CN¥77.3b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥77.2b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

ROHM

Market Cap: JP¥1.8t

Manufactures and sells electronic components worldwide.

Busy Ming Group

Market Cap: HK$89.1b

Through its subsidiaries, operates as a food and beverage retailer in China.

SD Guthrie Berhad

Market Cap: RM 45.9b

Operates as an integrated plantations company in Malaysia and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺545.6b

Provides various banking products and services in Turkey.

Safaricom

Market Cap: KSh1.5t

Provides telecommunication services in Kenya and Ethiopia.

Japan Post Insurance

Market Cap: JP¥1.8t

Engages in the provision of life insurance products and services in Japan.