Italian Materials Defensive Blue Chips

Guobo Electronics

Market Cap: CN¥73.7b

Engages in the research, development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuits in China.

Marico

Market Cap: ₹1.0t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

BKW

Market Cap: CHF 8.4b

An energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Sanlam

Market Cap: R177.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Taiwan Mobile

Market Cap: NT$335.7b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Universal Health Services

Market Cap: US$10.6b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Yokohama Financial Group

Market Cap: JP¥1.7t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

SD Guthrie Berhad

Market Cap: RM 41.9b

Operates as an integrated plantations company in Malaysia and internationally.

China Resources Beer (Holdings)

Market Cap: HK$82.9b

An investment holding company, engages in the manufacture, distribution, and sale of alcoholic beverages in Mainland China.

Sejahteraraya Anugrahjaya

Market Cap: Rp182.1t

Provides medical services in Indonesia.

Discovery

Market Cap: R175.1b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Komercní banka

Market Cap: Kč219.6b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Globalstar

Market Cap: US$10.5b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Waaree Energies

Market Cap: ₹993.4b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

China Resources Microelectronics

Market Cap: CN¥71.7b

Engages in the manufacture and sale of semiconductors in China and internationally.

Eneva

Market Cap: R$52.1b

An integrated energy company, engages in the exploration, production, and commercialization of natural gas and liquids in Brazil.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Max Healthcare Institute

Market Cap: ₹977.2b

Provides medical and healthcare services in India.

United Spirits

Market Cap: ₹975.9b

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

Alchip Technologies

Market Cap: NT$325.1b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

ACM Research (Shanghai)

Market Cap: CN¥70.3b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫270.3t

Provides various banking products and services in Vietnam and internationally.

Semtech

Market Cap: US$10.2b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥69.7b

Beijing E-Town Semiconductor Technology Co., Ltd.

Pro Medicus

Market Cap: AU$14.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Beazley

Market Cap: UK£7.5b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Bank Albilad

Market Cap: ر.س38.0b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Encompass Health

Market Cap: US$10.1b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

SBI Shinsei Bank

Market Cap: JP¥1.6t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

J Sainsbury

Market Cap: UK£7.4b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Hwatsing Technology

Market Cap: CN¥68.6b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

DaVita

Market Cap: US$10.0b

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