Kuwaiti Materials Defensive Blue Chips

Principal Financial Group

Market Cap: US$24.4b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥165.2b

Inner Mongolia Yili Industrial Group Co., Ltd.

Coca-Cola HBC

Market Cap: UK£18.0b

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.

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.

Snam

Market Cap: €20.9b

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

Aeon

Market Cap: JP¥3.9t

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

Terna

Market Cap: €20.8b

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

BNP Paribas Fortis

Market Cap: €20.7b

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

Brown & Brown

Market Cap: US$23.5b

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

Sigma Healthcare

Market Cap: AU$33.7b

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

Loews

Market Cap: US$23.4b

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

NN Group

Market Cap: €20.5b

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

Bank Mandiri (Persero)

Market Cap: Rp417.7t

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

Telefónica

Market Cap: €20.4b

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

VERBUND

Market Cap: €20.4b

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

Xi'an ESWIN Material Technology

Market Cap: CN¥157.2b

Xi'an ESWIN Material Technology Co., Ltd.

Quest Diagnostics

Market Cap: US$23.2b

Provides diagnostic testing and services in the United States.

Constellation Brands

Market Cap: US$23.2b

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

Lasertec

Market Cap: JP¥3.8t

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

Labcorp Holdings

Market Cap: US$23.1b

Provides laboratory services.

Banco do Brasil

Market Cap: R$117.0b

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

First Solar

Market Cap: US$22.8b

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

JCET Group

Market Cap: CN¥153.0b

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

Bunge Global

Market Cap: US$22.5b

Operates as an agribusiness and food company worldwide.

Telefônica Brasil

Market Cap: R$113.5b

Operates as a mobile telecommunications company in Brazil.

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.

Riyad Bank

Market Cap: ر.س82.5b

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

Legal & General Group

Market Cap: UK£16.3b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

US Foods Holding

Market Cap: US$21.8b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Mega Financial Holding

Market Cap: NT$706.1b

Provides various financial services in Taiwan.

China Minsheng Banking

Market Cap: CN¥147.6b

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

Coles Group

Market Cap: AU$31.1b

Operates as a retailer in Australia.

Technoprobe

Market Cap: €18.9b

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

STERIS

Market Cap: US$21.6b

Provides infection prevention products and services in the United States, Ireland, and internationally.

Winbond Electronics

Market Cap: NT$697.5b

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