South Korean Materials Defensive Blue Chips

Progressive

Market Cap: US$118.7b

Operates as an insurance company in the United States.

Mizuho Financial Group

Market Cap: JP¥18.9t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Bank of Montreal

Market Cap: CA$164.8b

Provides diversified financial services primarily in North America.

Enel

Market Cap: €98.3b

Operates as an integrated operator in the electricity and gas industries worldwide.

Al Rajhi Banking and Investment

Market Cap: ر.س404.1b

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

Zurich Insurance Group

Market Cap: CHF 85.5b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Canadian Imperial Bank of Commerce

Market Cap: CA$145.2b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Medtronic

Market Cap: US$103.0b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Bank of Nova Scotia

Market Cap: CA$144.0b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

ICICI Bank

Market Cap: ₹9.6t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Hygon Information Technology

Market Cap: CN¥682.7b

Engages in the research and development of processors, accelerators, and other computing chip products and systems in China.

AXA

Market Cap: €86.1b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

AIA Group

Market Cap: HK$778.1b

Provides life insurance based financial services in Hong Kong.

State Bank of India

Market Cap: ₹9.4t

Provides banking products and services in India and internationally.

China Yangtze Power

Market Cap: CN¥665.3b

Engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan.

EssilorLuxottica Société anonyme

Market Cap: €84.6b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

CaixaBank

Market Cap: €84.3b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

PNC Financial Services Group

Market Cap: US$95.4b

Operates as a diversified financial services company in the United States.

Semiconductor Manufacturing International

Market Cap: HK$746.3b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

CBZ Holdings

Market Cap: US$12.0b

Provides various banking and financial products and services to retail and corporate customers in Zimbabwe.

U.S. Bancorp

Market Cap: US$91.8b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

McKesson

Market Cap: US$91.8b

Provides healthcare services in the United States and internationally.

Monster Beverage

Market Cap: US$90.8b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Constellation Energy

Market Cap: US$90.6b

Produces and sells energy products and services in the United States.

Bank of Communications

Market Cap: HK$696.4b

Provides commercial banking products and services in China and internationally.

Postal Savings Bank of China

Market Cap: HK$688.1b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Elevance Health

Market Cap: US$87.7b

Operates as a health benefits company in the United States.

ING Groep

Market Cap: €75.4b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Comcast

Market Cap: US$87.5b

Operates as a media and technology company worldwide.

Barclays

Market Cap: UK£64.8b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Westpac Banking

Market Cap: AU$122.1b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

HCA Healthcare

Market Cap: US$85.9b

Through its subsidiaries, provides health care services in the United States.

Tokio Marine Holdings

Market Cap: JP¥13.7t

Engages in the non-life and life insurance, and financial and general businesses in the Americas, Asia and Oceania, Japan, Middle East and Africa, and the United Kingdom and Europe, and internationally.

Oversea-Chinese Banking

Market Cap: S$108.9b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

América Móvil. de

Market Cap: Mex$1.4t

Provides telecommunications services in Latin America and internationally.