Mexican Materials Defensive Blue Chips

Luzhou LaojiaoLtd

Market Cap: CN¥179.6b

Produces and sells alcoholic products in China and internationally.

Banco Santander (Brasil)

Market Cap: R$135.7b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

STERIS

Market Cap: US$25.8b

Provides infection prevention products and services worldwide.

Markel Group

Market Cap: US$25.7b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

BT Group

Market Cap: UK£18.7b

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

BNP Paribas Fortis

Market Cap: €21.6b

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

Hua Hong Semiconductor

Market Cap: HK$199.6b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

VERBUND

Market Cap: €21.5b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Astera Labs

Market Cap: US$25.4b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

China National Nuclear Power

Market Cap: CN¥175.9b

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

American Water Works Company

Market Cap: US$25.2b

Through its subsidiaries, provides water and wastewater services in the United States.

STMicroelectronics

Market Cap: €21.2b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Cincinnati Financial

Market Cap: US$25.1b

Provides property casualty insurance products in the United States.

JD Health International

Market Cap: HK$195.6b

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

China Tower

Market Cap: HK$194.7b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Sigma Healthcare

Market Cap: AU$35.5b

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

Regions Financial

Market Cap: US$24.7b

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

First Citizens BancShares

Market Cap: US$24.6b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ90.1b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥168.8b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Brown & Brown

Market Cap: US$24.2b

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

First Solar

Market Cap: US$24.2b

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

United Microelectronics

Market Cap: NT$764.1b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

ON Semiconductor

Market Cap: US$24.1b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥166.7b

Inner Mongolia Yili Industrial Group Co., Ltd.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س90.0b

Provides private health and ancillary services.

AIB Group

Market Cap: €20.2b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Public Bank Berhad

Market Cap: RM 94.1b

Provides banking products and services.

CLP Holdings

Market Cap: HK$186.1b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

KeyCorp

Market Cap: US$23.7b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Banco de Crédito del Perú

Market Cap: S/79.8b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

CIMB Group Holdings Berhad

Market Cap: RM 92.6b

Provides various banking products and services in Malaysia and internationally.

Humana

Market Cap: US$23.5b

Provides medical and specialty insurance products in the United States.

GlobalFoundries

Market Cap: US$23.4b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

Dollar Tree

Market Cap: US$23.4b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫597.4t

Provides banking products and services in Vietnam.