Japanese Materials Defensive Blue Chips

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Hana Financial Group

Market Cap: ₩35.5t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Coca-Cola HBC

Market Cap: UK£17.9b

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.

First Citizens BancShares

Market Cap: US$23.8b

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.

Winbond Electronics

Market Cap: NT$769.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

NN Group

Market Cap: €20.8b

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

Lasertec

Market Cap: JP¥3.9t

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

Snam

Market Cap: €20.7b

Engages in the operation of natural gas transport and storage infrastructure.

Loews

Market Cap: US$23.6b

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

Banco do Brasil

Market Cap: R$119.2b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

BNP Paribas Fortis

Market Cap: €20.6b

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

Bunge Global

Market Cap: US$23.4b

Operates as an agribusiness and food company worldwide.

Brown & Brown

Market Cap: US$23.4b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

VERBUND

Market Cap: €20.5b

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

Terna

Market Cap: €20.4b

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

Sigma Healthcare

Market Cap: AU$33.2b

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

Labcorp Holdings

Market Cap: US$23.1b

Provides laboratory services.

Bank Mandiri (Persero)

Market Cap: Rp412.1t

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

Aeon

Market Cap: JP¥3.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Quest Diagnostics

Market Cap: US$23.0b

Provides diagnostic testing and services in the United States.

Constellation Brands

Market Cap: US$22.9b

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

Telefónica

Market Cap: €20.0b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Technoprobe

Market Cap: €20.0b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

China Jushi

Market Cap: CN¥153.6b

Manufactures and sells fiberglass and related products in China and internationally.

JCET Group

Market Cap: CN¥153.5b

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

Telefônica Brasil

Market Cap: R$114.4b

Operates as a mobile telecommunications company in Brazil.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥152.5b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Riyad Bank

Market Cap: ر.س83.9b

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

AST SpaceMobile

Market Cap: US$22.3b

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

China Minsheng Banking

Market Cap: CN¥150.7b

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

ACM Research (Shanghai)

Market Cap: CN¥149.8b

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

First Solar

Market Cap: US$22.1b

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

Mega Financial Holding

Market Cap: NT$715.0b

Provides various financial services in Taiwan.

Heineken Holding

Market Cap: €19.3b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Grupo Cibest

Market Cap: Col$70.7t

Provides various banking products and services in Colombia and internationally.