Kuwaiti Materials Defensive Blue Chips

Woori Financial Group

Market Cap: ₩23.0t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

HANMI Semiconductor

Market Cap: ₩23.0t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Rede D'Or São Luiz

Market Cap: R$78.9b

Engages in the provision of hospital services in Brazil.

mBank

Market Cap: zł58.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

ING Bank Slaski

Market Cap: zł58.1b

Provides various banking products and services for retail clients and businesses in Poland.

Tongfu MicroelectronicsLtd

Market Cap: CN¥103.7b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

James Hardie Industries

Market Cap: AU$21.8b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

BAWAG Group

Market Cap: €13.2b

Operates as a holding company for BAWAG P.S.K.

First Financial Holding

Market Cap: NT$490.3b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

JD Health International

Market Cap: HK$118.7b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Sonova Holding

Market Cap: CHF 12.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Kerry Group

Market Cap: €13.2b

Provides taste and nutrition solutions.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ55.3b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

DaVita

Market Cap: US$15.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Admiral Group

Market Cap: UK£11.1b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

National Bank of Greece

Market Cap: €13.1b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

SiTime

Market Cap: US$14.9b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Everest Group

Market Cap: US$14.8b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.7b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp263.0t

Provides information and communications technology, and telecommunications network services worldwide.

Huaneng Power International

Market Cap: HK$115.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Attijariwafa bank

Market Cap: د.م137.2b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Banco de Crédito e Inversiones

Market Cap: CL$13.7t

Provides various banking products and services in Chile, the United States, and Peru.

Coloplast

Market Cap: DKK 95.2b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Jentech Precision Industrial

Market Cap: NT$471.0b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ53.0b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Grupo Financiero Inbursa. de

Market Cap: Mex$252.4b

Provides various financial products and services to individuals and businesses in Mexico.

Gjensidige Forsikring

Market Cap: NOK 138.5b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Nova

Market Cap: US$14.3b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Globe Life

Market Cap: US$14.3b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Kirin Holdings Company

Market Cap: JP¥2.3t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Unum Group

Market Cap: US$14.3b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Cooper Companies

Market Cap: US$14.3b

Develops, manufactures, and markets contact lens wearers.

Phoenix Financial

Market Cap: ₪43.3b

Operates as a financial services company in Israel.