U.K. Materials Defensive Blue Chips

Brown & Brown

Market Cap: US$21.8b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

US Foods Holding

Market Cap: US$21.6b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Cellnex Telecom

Market Cap: €18.9b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Telefônica Brasil

Market Cap: R$111.2b

Operates as a mobile telecommunications company in Brazil.

Mega Financial Holding

Market Cap: NT$685.3b

Provides various financial services in Taiwan.

Bunge Global

Market Cap: US$21.4b

Operates as an agribusiness and food company worldwide.

Riyad Bank

Market Cap: ر.س79.8b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Suzhou Centec Communications

Market Cap: CN¥143.5b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

STERIS

Market Cap: US$21.0b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Straumann Holding

Market Cap: CHF 17.0b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Uniper

Market Cap: €18.3b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Legal & General Group

Market Cap: UK£15.7b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Heineken Holding

Market Cap: €18.2b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Raiffeisen Bank International

Market Cap: €18.1b

Offers banking services to corporate, retail, and institutional customers.

Tyson Foods

Market Cap: US$20.6b

Operates as a food company worldwide.

Bank Mandiri (Persero)

Market Cap: Rp367.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

China Minsheng Banking

Market Cap: CN¥139.5b

Provides banking products and services in the People's Republic of China.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ75.3b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Terumo

Market Cap: JP¥3.3t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Arca Continental. de

Market Cap: Mex$358.4b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Grupo Cibest

Market Cap: Col$69.4t

Provides various banking products and services in Colombia and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$103.8b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Hana Financial Group

Market Cap: ₩30.9t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Fortum Oyj

Market Cap: €17.6b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Telenor

Market Cap: NOK 198.3b

Operates as a telecommunication company worldwide.

Saudi Energy

Market Cap: ر.س75.0b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

China Tower

Market Cap: HK$156.5b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Federal Home Loan Mortgage

Market Cap: US$19.9b

Operates in the secondary mortgage market in the United States.

CIMB Group Holdings Berhad

Market Cap: RM 80.5b

Provides various banking products and services in Malaysia and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫518.1t

Provides banking products and services in Vietnam.

Telia Company

Market Cap: SEK 191.4b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س73.9b

Provides private health and support services in the Kingdom of Saudi Arabia.

Unipol Assicurazioni

Market Cap: €17.2b

Provides insurance products and services primarily in Italy.

Alinma Bank

Market Cap: ر.س73.7b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥133.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

SCREEN Holdings

Market Cap: JP¥3.2t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.