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.

Taiwan Cooperative Financial Holding

Market Cap: NT$389.0b

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

ageas

Market Cap: €11.2b

Engages in insurance business.

Insurance Australia Group

Market Cap: AU$20.0b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

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.

Maplebear

Market Cap: US$13.0b

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

WH Group

Market Cap: HK$101.6b

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

Rede D'Or São Luiz

Market Cap: R$71.8b

Operates a network of hospitals in Brazil.

Shree Cement

Market Cap: ₹1.1t

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

SCB X

Market Cap: ฿417.5b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand 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¥92.2b

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

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.

Hims & Hers Health

Market Cap: US$12.8b

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

Bankinter

Market Cap: €10.9b

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

Reinsurance Group of America

Market Cap: US$12.8b

Provides reinsurance and financial solutions.

Fisher & Paykel Healthcare

Market Cap: NZ$21.3b

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

Almarai

Market Cap: ر.س47.6b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥90.5b

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

Grupo Bimbo. de

Market Cap: Mex$234.0b

Produces, distributes, and sells various bakery products.

China Zheshang Bank

Market Cap: HK$98.2b

Provides various commercial banking products and services in Mainland China.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.8b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

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

T&D Holdings

Market Cap: JP¥1.8t

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

Etihad Etisalat

Market Cap: ر.س46.4b

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

Mapfre

Market Cap: €10.5b

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

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Banco Comercial Português

Market Cap: €10.4b

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

Israel Discount Bank

Market Cap: ₪40.8b

Provides various banking and financial services in Israel, Europe, and North America.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.8b

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.

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

BKW

Market Cap: CHF 9.6b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.