Estonia Materials Defensive Blue Chips

Powszechny Zaklad Ubezpieczen

Market Cap: zł59.4b

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

KGI Financial Holding

Market Cap: NT$500.8b

Operates as a financial company in Taiwan and internationally.

Nexchip Semiconductor

Market Cap: CN¥105.3b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

ageas

Market Cap: €13.5b

Engages in insurance business.

BAWAG Group

Market Cap: €13.5b

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

Mapfre

Market Cap: €13.5b

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥104.0b

Beijing E-Town Semiconductor Technology Co., Ltd.

Rede D'Or São Luiz

Market Cap: R$78.2b

Engages in the provision of hospital services in Brazil.

BB Seguridade Participações

Market Cap: R$78.2b

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

Reinsurance Group of America

Market Cap: US$15.1b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Nova

Market Cap: US$15.1b

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.

Pinnacle Financial Partners

Market Cap: US$15.1b

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.

Kerry Group

Market Cap: €13.3b

Provides taste and nutrition solutions.

Sonova Holding

Market Cap: CHF 12.2b

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.

JD Health International

Market Cap: HK$118.0b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Woori Financial Group

Market Cap: ₩22.4t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

First Financial Holding

Market Cap: NT$482.4b

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

DaVita

Market Cap: US$14.9b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ54.8b

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

Kokusai Electric

Market Cap: JP¥2.4t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

BrightSpring Health Services

Market Cap: US$14.9b

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

Banco de Crédito e Inversiones

Market Cap: CL$13.9t

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

China Resources Microelectronics

Market Cap: CN¥100.8b

Engages in the manufacture and sale of semiconductors in China and internationally.

Ingenic SemiconductorLtd

Market Cap: CN¥100.5b

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

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥100.4b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.3b

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

Admiral Group

Market Cap: UK£11.0b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Attijariwafa bank

Market Cap: د.م137.5b

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

Beijing YanDong MicroElectronic

Market Cap: CN¥99.7b

Beijing YanDong MicroElectronic Co., Ltd.

Everest Group

Market Cap: US$14.7b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Huaneng Power International

Market Cap: HK$114.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.5b

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

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

James Hardie Industries

Market Cap: AU$20.6b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.