Japanese Materials Defensive Blue Chips

Saudi Energy

Market Cap: ر.س71.9b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Skyverse Technology

Market Cap: CN¥129.0b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥128.7b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Wilmar International

Market Cap: S$24.4b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$148.1b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Associated British Foods

Market Cap: UK£14.1b

Engages in the food, ingredients, and retail businesses worldwide.

BIWIN Storage Technology

Market Cap: CN¥127.8b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Alinma Bank

Market Cap: ر.س70.5b

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

Telenor

Market Cap: NOK 180.7b

Operates as a telecommunication company worldwide.

OmniVision Integrated Circuits Group

Market Cap: CN¥126.9b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Federal Home Loan Mortgage

Market Cap: US$18.7b

Operates in the secondary mortgage market in the United States.

Pernod Ricard

Market Cap: €16.3b

Produces and sells wines and spirits worldwide.

Cellnex Telecom

Market Cap: €16.3b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Luzhou LaojiaoLtd

Market Cap: CN¥125.4b

Produces and sells alcoholic products in China and internationally.

E.SUN Financial Holding Company

Market Cap: NT$597.6b

Offers various financial banking products and services in Taiwan.

Telecom Italia

Market Cap: €16.2b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

CEMEX. de

Market Cap: Mex$319.7b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

East West Bancorp

Market Cap: US$18.3b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

IHH Healthcare Berhad

Market Cap: RM 75.1b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Koninklijke KPN

Market Cap: €16.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

Banco de Sabadell

Market Cap: €16.0b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Telia Company

Market Cap: SEK 176.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

ASPEED Technology

Market Cap: NT$586.3b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Erste Bank Polska

Market Cap: zł68.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Eurobank

Market Cap: €15.8b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

SinoPac Financial Holdings

Market Cap: NT$582.6b

Through its subsidiaries, provides banking services worldwide.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫473.8t

Provides banking products and services in Vietnam.

Banco Comercial Português

Market Cap: €15.8b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Hippo Valley Estates

Market Cap: US$2.3b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Vodacom Group

Market Cap: R294.5b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

GlobalWafers

Market Cap: NT$576.1b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

MPI

Market Cap: NT$575.6b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

SDIC Power Holdings

Market Cap: CN¥120.3b

Engages in the electricity generation business in China.

Saudi Awwal Bank

Market Cap: ر.س66.4b

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