German Materials Defensive Blue Chips

Principal Financial Group

Market Cap: US$24.2b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Huadian New Energy Group

Market Cap: CN¥162.7b

Engages in the power generation business in China.

QBE Insurance Group

Market Cap: AU$33.8b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

China Jushi

Market Cap: CN¥161.0b

Manufactures and sells fiberglass and related products in China and internationally.

Raiffeisen Bank International

Market Cap: €20.5b

Offers banking services to corporate, retail, and institutional customers.

New China Life Insurance

Market Cap: CN¥160.1b

Provides life insurance products and services to individuals and institutions in China.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥159.6b

Inner Mongolia Yili Industrial Group Co., Ltd.

Aeon

Market Cap: JP¥3.8t

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

Winbond Electronics

Market Cap: NT$756.0b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Sigma Healthcare

Market Cap: AU$33.4b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

NN Group

Market Cap: €20.3b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

US Foods Holding

Market Cap: US$23.5b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

First Solar

Market Cap: US$23.4b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Brown & Brown

Market Cap: US$23.0b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$23.0b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Suzhou Centec Communications

Market Cap: CN¥155.0b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Loews

Market Cap: US$23.0b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

VERBUND

Market Cap: €19.8b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Terumo

Market Cap: JP¥3.6t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ83.8b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Terna

Market Cap: €19.6b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

SiTime

Market Cap: US$22.5b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Coca-Cola HBC

Market Cap: UK£16.6b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

STERIS

Market Cap: US$22.4b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Constellation Brands

Market Cap: US$22.3b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Markel Group

Market Cap: US$22.3b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.4b

Provides private health and support services in the Kingdom of Saudi Arabia.

Global Unichip

Market Cap: NT$709.6b

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.

Bunge Global

Market Cap: US$22.1b

Operates as an agribusiness and food company worldwide.

Coles Group

Market Cap: AU$31.2b

Operates as a retailer in Australia.

Uniper

Market Cap: €18.9b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

QNB Bank

Market Cap: ₺1.0t

Provides various banking and financial services in Turkey.

Mega Financial Holding

Market Cap: NT$697.9b

Provides various financial services in Taiwan.

MKS

Market Cap: US$21.7b

Provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, China, South Korea, Japan, Taiwan, Singapore, and internationally.

China Minsheng Banking

Market Cap: CN¥146.1b

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

Bank Mandiri (Persero)

Market Cap: Rp386.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.