Danish Materials Defensive Blue Chips

SDIC Power Holdings

Market Cap: CN¥105.4b

Engages in the electricity generation business in China.

ING Bank Slaski

Market Cap: zł58.3b

Provides various banking products and services for retail clients and businesses in Poland.

ASR Nederland

Market Cap: €13.5b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Semtech

Market Cap: US$15.2b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ55.7b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Bank of Baroda

Market Cap: ₹1.4t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Sanan OptoelectronicsLtd

Market Cap: CN¥102.6b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Krung Thai Bank

Market Cap: ฿503.1b

Engages in commercial banking business in Thailand and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł56.9b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Banco Santander-Chile

Market Cap: CL$13.8t

Provides commercial and retail banking products and services in Chile.

ageas

Market Cap: €13.1b

Engages in insurance business.

Mapfre

Market Cap: €13.1b

Engages in insurance, reinsurance, and financial activities in Spain.

BAWAG Group

Market Cap: €13.1b

Operates as a holding company for BAWAG P.S.K.

Bankinter

Market Cap: €13.0b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Attijariwafa bank

Market Cap: د.م138.9b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Kerry Group

Market Cap: €12.9b

Provides taste and nutrition solutions.

Brookfield Wealth Solutions

Market Cap: US$14.6b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Unum Group

Market Cap: US$14.6b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Kasikornbank

Market Cap: ฿486.7b

Provides commercial banking products and services in Thailand and internationally.

GlobalWafers

Market Cap: NT$461.4b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

First Financial Holding

Market Cap: NT$460.9b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Pinnacle Financial Partners

Market Cap: US$14.4b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

BB Seguridade Participações

Market Cap: R$75.1b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

SCB X

Market Cap: ฿481.5b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Rede D'Or São Luiz

Market Cap: R$75.0b

Engages in the provision of hospital services in Brazil.

Banco de Crédito e Inversiones

Market Cap: CL$13.1t

Provides various banking products and services in Chile, the United States, and Peru.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ52.1b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Sonova Holding

Market Cap: CHF 11.5b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Phoenix Financial

Market Cap: ₪42.3b

Operates as a financial services company in Israel.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

BrightSpring Health Services

Market Cap: US$14.1b

Operates as a home and community-based healthcare services platform in the United States.

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

Market Cap: ر.ق51.3b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp251.1t

Provides information and communications technology, and telecommunications network services worldwide.

WH Group

Market Cap: HK$110.2b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Mashreqbank PSC

Market Cap: د.إ51.6b

Provides various banking and financial services to individuals and corporates.

Ingenic SemiconductorLtd

Market Cap: CN¥95.4b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.