Spanish Materials Defensive Blue Chips

ASR Nederland

Market Cap: €13.7b

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

Bankinter

Market Cap: €13.6b

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

Beijing YanDong MicroElectronic

Market Cap: CN¥105.3b

Beijing YanDong MicroElectronic Co., Ltd.

Tenet Healthcare

Market Cap: US$15.4b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł57.8b

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

Puya Semiconductor (Shanghai)

Market Cap: CN¥104.1b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥103.8b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Rambus

Market Cap: US$15.2b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

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.

BAWAG Group

Market Cap: €13.3b

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

Mapfre

Market Cap: €13.2b

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

Krung Thai Bank

Market Cap: ฿503.1b

Engages in commercial banking business in Thailand and internationally.

ageas

Market Cap: €13.1b

Engages in insurance business.

Attijariwafa bank

Market Cap: د.م139.1b

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

Banco de Crédito e Inversiones

Market Cap: CL$13.1t

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

First Financial Holding

Market Cap: NT$466.6b

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

Brookfield Wealth Solutions

Market Cap: US$14.7b

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

SCB X

Market Cap: ฿483.2b

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

T&D Holdings

Market Cap: JP¥2.4t

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

Kasikornbank

Market Cap: ฿486.7b

Provides commercial banking products and services in Thailand and internationally.

Rede D'Or São Luiz

Market Cap: R$75.5b

Engages in the provision of hospital services in Brazil.

Pinnacle Financial Partners

Market Cap: US$14.5b

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.

Unum Group

Market Cap: US$14.5b

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

BB Seguridade Participações

Market Cap: R$74.3b

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

African Distillers

Market Cap: US$1.8b

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

Phoenix Financial

Market Cap: ₪42.0b

Operates as a financial services company in Israel.

Dangote Cement

Market Cap: ₦19.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Skyverse Technology

Market Cap: CN¥96.6b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

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.

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

Market Cap: ر.ق51.7b

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

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Mashreqbank PSC

Market Cap: د.إ51.8b

Provides various banking and financial services to individuals and corporates.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ51.7b

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

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.