Croatian Materials Defensive Blue Chips

Muyuan Foods Group

Market Cap: CN¥188.8b

Operates as a pork company in the hog farming industry in China.

Lasertec

Market Cap: JP¥4.5t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

George Weston

Market Cap: CA$39.1b

Provides food and drug retailing, and financial services in Canada.

Cincinnati Financial

Market Cap: US$27.5b

Provides property casualty insurance products in the United States.

Sampo Oyj

Market Cap: €24.1b

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.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 22.2b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Seven & i Holdings

Market Cap: JP¥4.4t

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

China National Nuclear Power

Market Cap: CN¥183.7b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

W. R. Berkley

Market Cap: US$27.0b

An insurance holding company, operates as a commercial line writer worldwide.

Entegris

Market Cap: US$26.9b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Gulf Development

Market Cap: ฿892.7b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

First Solar

Market Cap: US$26.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

JCET Group

Market Cap: CN¥180.5b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

DexCom

Market Cap: US$26.5b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥176.7b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Dollar General

Market Cap: US$25.9b

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

Koninklijke Philips

Market Cap: €22.7b

Operates as a health technology company in North America, the Greater China, and internationally.

Banco BPM

Market Cap: €22.6b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.2t

Operates as a trust bank in Japan and internationally.

Veeva Systems

Market Cap: US$25.7b

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

Fresenius SE KGaA

Market Cap: €22.5b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

QBE Insurance Group

Market Cap: AU$37.1b

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

Regions Financial

Market Cap: US$25.6b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Helvetia Baloise Holding

Market Cap: CHF 20.7b

Engages in life and non-life insurance, and reinsurance business.

Aviva

Market Cap: UK£19.4b

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

BE Semiconductor Industries

Market Cap: €22.4b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

AST SpaceMobile

Market Cap: US$25.5b

Designs and develops the constellation of BlueBird satellites in the United States.

American Water Works Company

Market Cap: US$25.4b

Through its subsidiaries, provides water and wastewater services in the United States.

BT Group

Market Cap: UK£19.2b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

China Everbright Bank

Market Cap: CN¥172.3b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

KeyCorp

Market Cap: US$25.3b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

MTN Group

Market Cap: R414.2b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

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

Barito Renewables Energy

Market Cap: Rp448.2t

Generates and sells power through geothermal and wind resources in Indonesia.

AIB Group

Market Cap: €22.0b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

TS Financial Holding

Market Cap: NT$793.2b

Provides various financial products and services.