Malawian Materials Defensive Blue Chips

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$73.4b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Elia Group

Market Cap: €11.3b

Develops and operates as a transmission system operator in Belgium and Germany.

Woori Financial Group

Market Cap: ₩18.1t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

ageas

Market Cap: €11.2b

Engages in insurance business.

Taiwan Cooperative Financial Holding

Market Cap: NT$386.7b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

WH Group

Market Cap: HK$102.3b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Reinsurance Group of America

Market Cap: US$13.0b

Provides reinsurance and financial solutions.

Helvetia Holding

Market Cap: CHF 10.4b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

BPER Banca

Market Cap: €11.1b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

National Bank of Greece

Market Cap: €11.1b

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

Hims & Hers Health

Market Cap: US$12.9b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

SCB X

Market Cap: ฿417.5b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Rede D'Or São Luiz

Market Cap: R$71.8b

Operates a network of hospitals in Brazil.

CP ALL

Market Cap: ฿415.9b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Almarai

Market Cap: ر.س47.9b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.6b

Produces and supplies hydro, wind, and energy electricity in Romania.

Guangdong Haid Group

Market Cap: CN¥91.4b

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

Samsung Fire & Marine Insurance

Market Cap: ₩17.6t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Bankinter

Market Cap: €10.9b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Chandra Daya Investasi

Market Cap: Rp207.8t

Operates as an infrastructure investment holding company.

Grupo Bimbo. de

Market Cap: Mex$234.0b

Produces, distributes, and sells various bakery products.

Maplebear

Market Cap: US$12.6b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

China Zheshang Bank

Market Cap: HK$99.0b

Provides various commercial banking products and services in Mainland China.

Shanghai Rural Commercial Bank

Market Cap: CN¥90.3b

Provides a range of banking products and services to individual and corporate customers in China.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.0b

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

T&D Holdings

Market Cap: JP¥1.8t

Through its subsidiaries, provides insurance products and services primarily in Japan.

Mapfre

Market Cap: €10.5b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Engages in the provision of healthcare services in India and internationally.

Banco Comercial Português

Market Cap: €10.4b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.9b

Henan Shuanghui Investment & Development Co.,Ltd.

CEMEX. de

Market Cap: Mex$224.4b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Tata Consumer Products

Market Cap: ₹1.0t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Etihad Etisalat

Market Cap: ر.س45.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Celsius Holdings

Market Cap: US$12.0b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.