Finnish Materials Defensive Blue Chips

GE HealthCare Technologies

Market Cap: US$36.4b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Sysco

Market Cap: US$36.4b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ133.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Huadian New Energy Group

Market Cap: CN¥257.4b

Engages in the power generation business in China.

Intact Financial

Market Cap: CA$51.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$280.6b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Telstra Group

Market Cap: AU$55.9b

Provides telecommunications and information services in Australia and internationally.

Hannover Rück

Market Cap: €31.2b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

RWE

Market Cap: €31.1b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Consolidated Edison

Market Cap: US$35.7b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Prudential

Market Cap: UK£26.9b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp576.8t

Provides various banking products and services in Indonesia and internationally.

Swedbank

Market Cap: SEK 329.3b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 27.6b

Engages in the manufacture and sale of chocolate products worldwide.

Kioxia Holdings

Market Cap: JP¥5.3t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

SSE

Market Cap: UK£25.8b

Engages in the generation, transmission, distribution, and supply of electricity.

Imperial Brands

Market Cap: UK£25.5b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Sun Life Financial

Market Cap: CA$47.0b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥235.4b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Arch Capital Group

Market Cap: US$33.2b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥234.5b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Talanx

Market Cap: €28.5b

Provides insurance and reinsurance products and services worldwide.

CEZ a. s

Market Cap: Kč684.4b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Seven & i Holdings

Market Cap: JP¥5.1t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Ping An Bank

Market Cap: CN¥229.0b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Power Corporation of Canada

Market Cap: CA$45.5b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

NRG Energy

Market Cap: US$32.0b

Operates as an energy and home services company in the United States and Canada.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.0t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Adani Power

Market Cap: ₹2.8t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Sampo Oyj

Market Cap: €26.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Fresenius SE KGaA

Market Cap: €26.8b

A health care company, provides products and services for chronically ill patients.

Bank Leumi le-Israel B.M

Market Cap: ₪100.4b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €26.4b

Provides retail and commercial banking services in Italy.

Grupo Nutresa S. A

Market Cap: Col$116.1t

Operates in the food industry in Colombia, Latin America, and internationally.