Global Materials Defensive Blue Chips

EnBW Energie Baden-Württemberg

Market Cap: €18.7b

Operates as an integrated energy company in Germany, rest of Europe, and internationally.

Disco

Market Cap: JP¥3.1t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Standard Bank Group

Market Cap: R387.5b

Provides financial products and services in South Africa and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪76.1b

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

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

QBE Insurance Group

Market Cap: AU$32.2b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Labcorp Holdings

Market Cap: US$20.7b

Provides laboratory services.

Ajinomoto

Market Cap: JP¥3.0t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

STMicroelectronics

Market Cap: €18.2b

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

Telenor

Market Cap: NOK 214.2b

Operates as a telecommunication company worldwide.

Asahi Group Holdings

Market Cap: JP¥3.0t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Public Bank Berhad

Market Cap: RM 86.3b

Provides banking products and services.

Eastroc Beverage(Group)

Market Cap: CN¥148.7b

Engages in the research and development, production, and sales of beverages in China.

McCormick

Market Cap: US$20.4b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

BNP Paribas Fortis

Market Cap: €18.0b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Bank of Shanghai

Market Cap: CN¥147.5b

Provides various personal and corporate banking products and services primarily in Mainland China.

Zimmer Biomet Holdings

Market Cap: US$20.3b

Operates as a medical technology company worldwide.

Straumann Holding

Market Cap: CHF 16.7b

Provides tooth replacement and orthodontic solutions worldwide.

OTP Bank Nyrt

Market Cap: Ft7.2t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

GlobalFoundries

Market Cap: US$20.1b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

Aviva

Market Cap: UK£15.1b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Quest Diagnostics

Market Cap: US$19.9b

Provides diagnostic testing and services in the United States and internationally.

Dollar General

Market Cap: US$19.9b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

BCE

Market Cap: CA$27.3b

A communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.

Terna

Market Cap: €17.4b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$19.7b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Bank Hapoalim B.M

Market Cap: ₪70.9b

Provides various banking and financial services in Israel and internationally.

Associated British Foods

Market Cap: UK£14.7b

Operates as a diversified food, ingredients, and retail company worldwide.

ASE Technology Holding

Market Cap: NT$582.4b

Provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.

Uniper

Market Cap: €17.2b

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

Tenaga Nasional Berhad

Market Cap: RM 80.4b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally.

Snam

Market Cap: €16.8b

Engages in the operation of natural gas transport and storage infrastructure.

Erie Indemnity

Market Cap: US$19.0b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Coles Group

Market Cap: AU$29.3b

Operates as a retailer in Australia.

Mega Financial Holding

Market Cap: NT$565.9b

Provides various financial services.

United Microelectronics

Market Cap: NT$565.8b

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