German Materials Defensive Blue Chips

Technoprobe

Market Cap: €18.6b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Riyad Bank

Market Cap: ر.س81.1b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥145.5b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Bank of Nanjing

Market Cap: CN¥145.4b

Engages in the provision of various financial products and services in China.

China Unicom (Hong Kong)

Market Cap: HK$168.1b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Heineken Holding

Market Cap: €18.4b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

BNP Paribas Fortis

Market Cap: €18.4b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Tenet Healthcare

Market Cap: US$21.3b

Operates as a diversified healthcare services company in the United States.

MTN Group

Market Cap: R345.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

ACM Research (Shanghai)

Market Cap: CN¥142.7b

Engages in the research, development, production, and sale of semiconductor equipment in China.

CIMB Group Holdings Berhad

Market Cap: RM 85.5b

Provides various banking products and services in Malaysia and internationally.

Bank of Ireland Group

Market Cap: €18.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Banco Santander (Brasil)

Market Cap: R$109.5b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

BE Semiconductor Industries

Market Cap: €18.0b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Fortum Oyj

Market Cap: €18.0b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

CK Infrastructure Holdings

Market Cap: HK$163.3b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Banco de Sabadell

Market Cap: €17.8b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

JCET Group

Market Cap: CN¥139.1b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

ASPEED Technology

Market Cap: NT$658.3b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Bank of Shanghai

Market Cap: CN¥138.7b

Provides various banking products and services in China.

Tyson Foods

Market Cap: US$20.6b

Operates as a food company worldwide.

Xi'an ESWIN Material Technology

Market Cap: CN¥138.5b

Xi'an ESWIN Material Technology Co., Ltd.

China Tower

Market Cap: HK$161.0b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Banco de Chile

Market Cap: CL$19.0t

Provides commercial banking services in Chile.

Yihai Kerry Arawana Holdings

Market Cap: CN¥138.0b

Engages in the agriculture and food processing businesses in China.

Cellnex Telecom

Market Cap: €17.6b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Mizrahi Tefahot Bank

Market Cap: ₪60.4b

Provides various banking services in Israel and internationally.

Hwatsing Technology

Market Cap: CN¥134.4b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Pernod Ricard

Market Cap: €17.2b

Produces and sells wines and spirits worldwide.

Lasertec

Market Cap: JP¥3.2t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Alinma Bank

Market Cap: ر.س74.4b

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

Erste Bank Polska

Market Cap: zł73.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Adani Energy Solutions

Market Cap: ₹1.9t

Generates, transmits, and distributes power in India.

Telenor

Market Cap: NOK 184.6b

Operates as a telecommunication company worldwide.

Straumann Holding

Market Cap: CHF 15.9b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Banco do Brasil

Market Cap: R$101.6b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.