U.K. Materials Defensive Blue Chips

Tokio Marine Holdings

Market Cap: JP¥13.5t

Engages in the non-life and life insurance, and financial and general businesses in Japan, the United States, and internationally.

Westpac Banking

Market Cap: AU$120.2b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

National Grid

Market Cap: UK£62.4b

Engages in the transmission and distribution of electricity and gas.

Marsh & McLennan Companies

Market Cap: US$81.7b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Bank of Communications

Market Cap: HK$631.8b

Provides commercial banking products and services in China and internationally.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ295.7b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

América Móvil. de

Market Cap: Mex$1.4t

Provides telecommunications services in Latin America and internationally.

National Australia Bank

Market Cap: AU$115.9b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Astera Labs

Market Cap: US$78.2b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

Engie

Market Cap: €66.6b

Engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

CRH

Market Cap: US$75.1b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Cigna Group

Market Cap: US$74.8b

Provides insurance and related products and services in the United States.

ANZ Group Holdings

Market Cap: AU$106.4b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Teradyne

Market Cap: US$72.5b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Assicurazioni Generali

Market Cap: €62.7b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €61.6b

Engages in the insurance and reinsurance businesses worldwide.

Aon

Market Cap: US$70.2b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

NXP Semiconductors

Market Cap: US$69.9b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Travelers Companies

Market Cap: US$69.6b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally.

NatWest Group

Market Cap: UK£52.3b

Provides banking and financial products and services in the United Kingdom and internationally.

JAPAN POST BANK

Market Cap: JP¥10.9t

Provides financial products and services in Japan and internationally.

Manulife Financial

Market Cap: CA$95.4b

Provides financial products and services in the United States, Canada, Asia, and internationally.

China Telecom

Market Cap: HK$524.1b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Japan Tobacco

Market Cap: JP¥10.7t

A tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally.

Boston Scientific

Market Cap: US$65.7b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

United Microelectronics

Market Cap: NT$2.1t

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥439.0b

Advanced Micro-Fabrication Equipment Inc.

STMicroelectronics

Market Cap: €56.5b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Monolithic Power Systems

Market Cap: US$64.5b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

KDDI

Market Cap: JP¥10.5t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Société Générale Société anonyme

Market Cap: €56.1b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Nu Holdings

Market Cap: US$64.0b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Target

Market Cap: US$63.8b

Operates as a general merchandise retailer in the United States.

Nordea Bank Abp

Market Cap: €55.6b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Truist Financial

Market Cap: US$62.9b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Allstate

Market Cap: US$61.7b

Provides property and casualty, and other insurance products in the United States and Canada.