Hungarian Materials Defensive Blue Chips

Huaneng Power International

Market Cap: HK$121.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

ING Bank Slaski

Market Cap: zł58.6b

Provides various banking products and services for retail clients and businesses in Poland.

BAWAG Group

Market Cap: €13.5b

Operates as a holding company for BAWAG P.S.K.

ageas

Market Cap: €13.5b

Engages in insurance business.

JD Health International

Market Cap: HK$120.2b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Shenzhen Techwinsemi Technology

Market Cap: CN¥103.7b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ56.0b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

First Financial Holding

Market Cap: NT$494.7b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Woori Financial Group

Market Cap: ₩22.4t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Banco de Crédito e Inversiones

Market Cap: CL$14.1t

Provides various banking products and services in Chile, the United States, and Peru.

SCB X

Market Cap: ฿508.4b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

DaVita

Market Cap: US$15.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Everest Group

Market Cap: US$15.0b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Pinnacle Financial Partners

Market Cap: US$14.9b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp266.9t

Provides information and communications technology, and telecommunications network services worldwide.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Nexchip Semiconductor

Market Cap: CN¥100.3b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Kerry Group

Market Cap: €13.0b

Provides taste and nutrition solutions.

Great Eastern Holdings

Market Cap: S$19.1b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Rede D'Or São Luiz

Market Cap: R$74.6b

Engages in the provision of hospital services in Brazil.

BrightSpring Health Services

Market Cap: US$14.7b

Operates as a home and community-based healthcare services platform in the United States.

SiTime

Market Cap: US$14.7b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Sonova Holding

Market Cap: CHF 11.9b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Asahi Group Holdings

Market Cap: JP¥2.4t

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

Grupo Financiero Inbursa. de

Market Cap: Mex$254.0b

Provides various financial products and services to individuals and businesses in Mexico.

Attijariwafa bank

Market Cap: د.م137.0b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ53.0b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Admiral Group

Market Cap: UK£10.8b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Phoenix Financial

Market Cap: ₪44.2b

Operates as a financial services company in Israel.

Gjensidige Forsikring

Market Cap: NOK 138.6b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Suncorp Group

Market Cap: AU$20.5b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

CNA Financial

Market Cap: US$14.3b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Globe Life

Market Cap: US$14.3b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Kirin Holdings Company

Market Cap: JP¥2.3t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥96.5b

Engages in the generation and sale of electricity in China.

Coloplast

Market Cap: DKK 93.2b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.