Finnish Materials Defensive Blue Chips

National Bank of Greece

Market Cap: €12.9b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

SK Telecom

Market Cap: ₩22.5t

Engages in the provision of wireless telecommunication services in South Korea.

Attijariwafa bank

Market Cap: د.م136.5b

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

Semtech

Market Cap: US$14.7b

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

Krung Thai Bank

Market Cap: ฿482.2b

Engages in commercial banking business in Thailand 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.

Grupo Financiero Inbursa. de

Market Cap: Mex$252.8b

Provides various financial products and services to individuals and businesses in Mexico.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ52.9b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.9b

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

ageas

Market Cap: €12.4b

Engages in insurance business.

Tenet Healthcare

Market Cap: US$14.3b

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

WH Group

Market Cap: HK$112.3b

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

Pinnacle Financial Partners

Market Cap: US$14.3b

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.

Woori Financial Group

Market Cap: ₩21.8t

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

Bankinter

Market Cap: €12.4b

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

Phoenix Financial

Market Cap: ₪42.6b

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.

Eastroc Beverage (Group)

Market Cap: CN¥96.2b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Metro

Market Cap: CA$19.8b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Rede D'Or São Luiz

Market Cap: R$73.3b

Engages in the provision of hospital services in Brazil.

Kasikornbank

Market Cap: ฿465.5b

Provides commercial banking products and services in Thailand and internationally.

Banco de Crédito e Inversiones

Market Cap: CL$12.9t

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

Kerry Group

Market Cap: €12.2b

Provides taste and nutrition solutions.

Mapfre

Market Cap: €12.2b

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

SCB X

Market Cap: ฿463.0b

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

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.

Unum Group

Market Cap: US$14.1b

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

Anhui Conch Cement

Market Cap: CN¥95.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

T&D Holdings

Market Cap: JP¥2.2t

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

Admiral Group

Market Cap: UK£10.5b

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

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

Market Cap: ر.ق50.6b

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

First Financial Holding

Market Cap: NT$439.3b

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

Tongfu MicroelectronicsLtd

Market Cap: CN¥93.2b

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

BAWAG Group

Market Cap: €11.9b

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

Mashreqbank PSC

Market Cap: د.إ50.2b

Provides various banking and financial services to individuals and corporates.

Onto Innovation

Market Cap: US$13.6b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.