Japanese Materials Defensive Blue Chips

Aier Eye Hospital Group

Market Cap: CN¥81.4b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Realtek Semiconductor

Market Cap: NT$388.2b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

J. M. Smucker

Market Cap: US$12.0b

Manufactures and markets branded food and beverage products worldwide.

Jerónimo Martins SGPS

Market Cap: €10.5b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$11.9b

Operates membership warehouse clubs on the eastern half of the United States.

HKT Trust and HKT

Market Cap: HK$93.3b

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.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Erie Indemnity

Market Cap: US$11.9b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Brown-Forman

Market Cap: US$11.8b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Shanghai Rural Commercial Bank

Market Cap: CN¥80.0b

Engages in commercial banking business in China.

American Financial Group

Market Cap: US$11.8b

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

Guangdong Haid Group

Market Cap: CN¥79.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Molina Healthcare

Market Cap: US$11.7b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Baxter International

Market Cap: US$11.7b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Far EasTone Telecommunications

Market Cap: NT$376.9b

Provides mobile telecommunications services in Taiwan and internationally.

Italgas

Market Cap: €10.2b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Semtech

Market Cap: US$11.6b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥78.7b

Engages in the clean energy business in China.

Bank of Chengdu

Market Cap: CN¥78.3b

Provides various banking products and services in China.

Marico

Market Cap: ₹1.1t

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

Arab National Bank

Market Cap: ر.س43.2b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$90.0b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Olympus

Market Cap: JP¥1.9t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Magnum Ice Cream

Market Cap: €10.0b

Engages in the ice cream business in the Netherlands.

Harel Insurance Investments & Financial Services

Market Cap: ₪34.9b

Offers insurance and financial services in Israel, Europe, and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥77.1b

Beijing YanDong MicroElectronic Co., Ltd.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Insulet

Market Cap: US$11.4b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Bangkok Bank

Market Cap: ฿381.8b

Provides various commercial banking products and services in Thailand and internationally.

Tele2

Market Cap: SEK 109.6b

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

SD Guthrie Berhad

Market Cap: RM 45.8b

Operates as an integrated plantations company in Malaysia and internationally.

Hong Leong Bank Berhad

Market Cap: RM 45.6b

Operates as a financial services company in Malaysia and internationally.

Encompass Health

Market Cap: US$11.1b

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