Finnish Materials Defensive Blue Chips

United Overseas Bank

Market Cap: S$56.0b

Provides banking products and services worldwide.

Orange

Market Cap: €37.2b

Operates as a telecommunications operator in France and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ157.4b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

NAURA Technology Group

Market Cap: CN¥302.8b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Kroger

Market Cap: US$42.6b

Operates as a food and drug retailer in the United States.

Emirates NBD Bank PJSC

Market Cap: د.إ156.3b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Great-West Lifeco

Market Cap: CA$59.0b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Commerzbank

Market Cap: €36.0b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

Coca-Cola Europacific Partners

Market Cap: €35.5b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Erste Group Bank

Market Cap: €35.4b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

JAPAN POST BANK

Market Cap: JP¥6.4t

Provides financial products and services in Japan and internationally.

American International Group

Market Cap: US$40.5b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

ACWA Power

Market Cap: ر.س150.8b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Ambev

Market Cap: R$214.7b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

CBZ Holdings

Market Cap: US$5.1b

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

QNB Bank

Market Cap: ₺1.7t

Provides various banking products and services in Turkey.

Veeva Systems

Market Cap: US$39.4b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Target

Market Cap: US$39.2b

Operates as a general merchandise retailer in the United States.

Vulcan Materials

Market Cap: US$38.7b

Produces and supplies construction aggregates in the United States.

Alcon

Market Cap: CHF 31.2b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Fairfax Financial Holdings

Market Cap: CA$54.2b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

DNB Bank

Market Cap: NOK 390.7b

Provides financial services to individuals and businesses in Norway and internationally.

Hartford Insurance Group

Market Cap: US$38.1b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 361.1b

Provides corporate, retail, investment, and private banking services.

Muyuan Foods

Market Cap: CN¥267.5b

Operates in the hog industry in China.

Tesco

Market Cap: UK£28.6b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Hershey

Market Cap: US$37.7b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Swisscom

Market Cap: CHF 30.2b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Danske Bank

Market Cap: DKK 240.7b

Provides various banking products and services to corporate, institutional, and international clients.

Endesa

Market Cap: €31.8b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Hang Seng Bank

Market Cap: HK$284.7b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

ResMed

Market Cap: US$36.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Koninklijke Ahold Delhaize

Market Cap: €31.6b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Martin Marietta Materials

Market Cap: US$36.5b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.