Indian Materials Defensive Blue Chips

Itissalat Al-Maghrib (IAM)

Market Cap: د.م106.4b

Provides various telecommunication solutions in Morocco and internationally.

China Zheshang Bank

Market Cap: HK$89.4b

Provides various commercial banking products and services in Mainland China.

Manila Electric

Market Cap: ₱667.2b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Smoore International Holdings

Market Cap: HK$88.4b

An investment holding company, engages in the provision of vaping technology solutions.

Krung Thai Bank

Market Cap: ฿373.9b

Engages in commercial banking business in Thailand and internationally.

Skyworks Solutions

Market Cap: US$11.3b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.6b

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

ING Bank Slaski

Market Cap: zł41.3b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

mBank

Market Cap: zł41.3b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

China Resources Beer (Holdings)

Market Cap: HK$87.6b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Baloise Holding

Market Cap: CHF 9.0b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

ICICI Lombard General Insurance

Market Cap: ₹984.8b

Provides various general insurance products and services in India.

Sanlam

Market Cap: R194.5b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Tele2

Market Cap: SEK 105.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Tsingtao Brewery

Market Cap: CN¥79.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Hims & Hers Health

Market Cap: US$11.2b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

SinoPac Financial Holdings

Market Cap: NT$342.6b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Raiffeisen Bank International

Market Cap: €9.6b

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

Far EasTone Telecommunications

Market Cap: NT$341.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Bank of Chengdu

Market Cap: CN¥78.6b

Provides various commercial banking products and services in China.

Taiwan Mobile

Market Cap: NT$340.3b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Carrefour

Market Cap: €9.5b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Globe Life

Market Cap: US$11.0b

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

Airtel Africa

Market Cap: UK£8.3b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

T&D Holdings

Market Cap: JP¥1.7t

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

Hon. Precision

Market Cap: NT$339.4b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Nanya Technology

Market Cap: NT$339.3b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Rockchip Electronics

Market Cap: CN¥78.3b

Operates as a fabless IC design company in China.

HKT Trust and HKT

Market Cap: HK$85.4b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

American Financial Group

Market Cap: US$10.9b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Marks and Spencer Group

Market Cap: UK£8.2b

Operates various retail stores.

United Spirits

Market Cap: ₹959.4b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$84.2b

Provides banking services in the People’s Republic of China.

Banco de Crédito e Inversiones

Market Cap: CL$10.3t

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

Centrica

Market Cap: UK£8.1b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.