Estonia Materials Defensive Blue Chips

Alinma Bank

Market Cap: ر.س73.2b

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

Yihai Kerry Arawana Holdings

Market Cap: CN¥132.1b

Engages in the agriculture and food processing businesses in China.

CK Infrastructure Holdings

Market Cap: HK$152.6b

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.

Telecom Italia

Market Cap: €17.0b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a private life insurance company in India.

China United Network Communications

Market Cap: CN¥131.3b

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

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Bank of Ireland Group

Market Cap: €16.8b

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

Arca Continental. de

Market Cap: Mex$335.3b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Cellnex Telecom

Market Cap: €16.8b

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.

Federal Home Loan Mortgage

Market Cap: US$19.1b

Operates in the secondary mortgage market in the United States.

Bank of Shanghai

Market Cap: CN¥129.2b

Provides various banking products and services in China.

Lattice Semiconductor

Market Cap: US$18.8b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Telia Company

Market Cap: SEK 182.8b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Associated British Foods

Market Cap: UK£14.0b

Engages in the food, ingredients, and retail businesses worldwide.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫492.1t

Provides banking products and services in Vietnam.

OmniVision Integrated Circuits Group

Market Cap: CN¥126.7b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Wilmar International

Market Cap: S$24.2b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Koninklijke KPN

Market Cap: €16.4b

Provides telecommunications and information technology (IT) services in the Netherlands.

Erste Bank Polska

Market Cap: zł70.2b

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

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Pernod Ricard

Market Cap: €16.2b

Produces and sells wines and spirits worldwide.

Mizrahi Tefahot Bank

Market Cap: ₪55.7b

Provides various banking services in Israel and internationally.

IHH Healthcare Berhad

Market Cap: RM 74.8b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Vodacom Group

Market Cap: R300.0b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

SinoPac Financial Holdings

Market Cap: NT$582.6b

Through its subsidiaries, provides banking services worldwide.

East West Bancorp

Market Cap: US$18.0b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

CEMEX. de

Market Cap: Mex$315.5b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Eurobank

Market Cap: €15.7b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Samsung Fire & Marine Insurance

Market Cap: ₩26.5t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Banco de Sabadell

Market Cap: €15.6b

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

Performance Food Group

Market Cap: US$17.8b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Global Unichip

Market Cap: NT$572.2b

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.

Zimmer Biomet Holdings

Market Cap: US$17.7b

Operates as a medical technology company worldwide.

Tenet Healthcare

Market Cap: US$17.6b

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

Saudi Awwal Bank

Market Cap: ر.س65.8b

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