Indonesian Materials Defensive Blue Chips

First Citizens BancShares

Market Cap: US$23.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Principal Financial Group

Market Cap: US$23.9b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Terumo

Market Cap: JP¥3.8t

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

Sigma Healthcare

Market Cap: AU$33.4b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Coca-Cola FEMSA. de

Market Cap: US$23.8b

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

Global Unichip

Market Cap: NT$754.5b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

KeyCorp

Market Cap: US$23.6b

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

VERBUND

Market Cap: €20.1b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Raiffeisen Bank International

Market Cap: €20.0b

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

US Foods Holding

Market Cap: US$23.3b

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.

QBE Insurance Group

Market Cap: AU$32.5b

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

STERIS

Market Cap: US$23.1b

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

Unipol Assicurazioni

Market Cap: €19.7b

Provides insurance products and services primarily in Italy.

Terna

Market Cap: €19.7b

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

First Solar

Market Cap: US$23.0b

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

NN Group

Market Cap: €19.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Constellation Brands

Market Cap: US$22.8b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ83.7b

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

Suzhou Centec Communications

Market Cap: CN¥152.9b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Loews

Market Cap: US$22.7b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Markel Group

Market Cap: US$22.2b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

China Unicom (Hong Kong)

Market Cap: HK$174.3b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.1b

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

Entegris

Market Cap: US$22.1b

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.

Coca-Cola HBC

Market Cap: UK£16.2b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

China Minsheng Banking

Market Cap: CN¥147.7b

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

Coles Group

Market Cap: AU$30.8b

Operates as a retailer in Australia.

Bank of Nanjing

Market Cap: CN¥147.4b

Engages in the provision of various financial products and services in China.

Bunge Global

Market Cap: US$21.9b

Operates as an agribusiness and food company worldwide.

Riyad Bank

Market Cap: ر.س81.7b

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

MTN Group

Market Cap: R350.2b

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

Bank Mandiri (Persero)

Market Cap: Rp387.3t

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

Tenet Healthcare

Market Cap: US$21.6b

Operates as a diversified healthcare services company in the United States.

Mega Financial Holding

Market Cap: NT$688.3b

Provides various financial services in Taiwan.

BNP Paribas Fortis

Market Cap: €18.4b

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