Luxembourg Materials Defensive Blue Chips

ResMed

Market Cap: US$27.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Cincinnati Financial

Market Cap: US$27.6b

Provides property casualty insurance products in the United States.

JCET Group

Market Cap: CN¥186.4b

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

Barito Renewables Energy

Market Cap: Rp488.3t

Generates and sells power through geothermal and wind resources in Indonesia.

PPL

Market Cap: US$27.3b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Seven & i Holdings

Market Cap: JP¥4.4t

Operates convenience stores in Japan, North America, and internationally.

China National Nuclear Power

Market Cap: CN¥184.7b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

George Weston

Market Cap: CA$38.7b

Provides food and drug retailing, and financial services in Canada.

Gulf Development

Market Cap: ฿903.9b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Sampo Oyj

Market Cap: €23.8b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

DexCom

Market Cap: US$26.9b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

W. R. Berkley

Market Cap: US$26.9b

An insurance holding company, operates as a commercial line writer worldwide.

Muyuan Foods Group

Market Cap: CN¥182.1b

Operates as a pork company in the hog farming industry in China.

First Solar

Market Cap: US$26.7b

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

Kraft Heinz

Market Cap: US$26.6b

Manufactures and markets food and beverage products in North America and internationally.

BE Semiconductor Industries

Market Cap: €23.2b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥177.8b

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

Entegris

Market Cap: US$26.1b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Banco BPM

Market Cap: €23.0b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

New China Life Insurance

Market Cap: CN¥176.8b

Provides life insurance products and services to individuals and institutions in China.

Veeva Systems

Market Cap: US$25.9b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Technoprobe

Market Cap: €22.7b

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.2t

Operates as a trust bank in Japan and internationally.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$201.7b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

China Everbright Bank

Market Cap: CN¥174.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Fresenius SE KGaA

Market Cap: €22.6b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

QBE Insurance Group

Market Cap: AU$37.1b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Helvetia Baloise Holding

Market Cap: CHF 20.8b

Engages in life and non-life insurance, and reinsurance business.

Koninklijke Philips

Market Cap: €22.5b

Operates as a health technology company in North America, the Greater China, and internationally.

BT Group

Market Cap: UK£19.3b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Aviva

Market Cap: UK£19.2b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Dollar General

Market Cap: US$25.3b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

China Unicom (Hong Kong)

Market Cap: HK$197.7b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Regions Financial

Market Cap: US$25.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

MTN Group

Market Cap: R412.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.