Mexican Materials Defensive Blue Chips

Eurobank

Market Cap: €15.1b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

TS Financial Holding

Market Cap: NT$565.7b

Provides various financial products and services.

Uniper

Market Cap: €15.1b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.7t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Banco Santander-Chile

Market Cap: CL$15.0t

Provides commercial and retail banking products and services in Chile.

JBS

Market Cap: US$17.4b

Operates as a protein and food company worldwide.

Powszechny Zaklad Ubezpieczen

Market Cap: zł62.3b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Santander Bank Polska

Market Cap: zł61.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Mediobanca Banca di Credito Finanziario

Market Cap: €14.6b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥119.3b

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

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

MACOM Technology Solutions Holdings

Market Cap: US$17.1b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Raiffeisen Bank International

Market Cap: €14.5b

Offers banking services to corporate, private, and institutional customers.

Zimmer Biomet Holdings

Market Cap: US$17.1b

Operates as a medical technology company worldwide.

E.SUN Financial Holding Company

Market Cap: NT$540.2b

Offers various financial banking products and services in Taiwan.

Bank Polska Kasa Opieki

Market Cap: zł60.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Banco de Crédito e Inversiones

Market Cap: CL$14.5t

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

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Power Assets Holdings

Market Cap: HK$131.6b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥116.6b

China Three Gorges Renewables (Group) Co.,Ltd.

National Bank of Greece

Market Cap: €14.2b

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

Zegona Communications

Market Cap: UK£12.2b

Provides integrated telecommunications services in Spain.

Hologic

Market Cap: US$16.7b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Unipol Assicurazioni

Market Cap: €14.0b

Provides insurance products and services primarily in Italy.

Wilmar International

Market Cap: S$21.0b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Bank of Hangzhou

Market Cap: CN¥114.8b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Tenet Healthcare

Market Cap: US$16.5b

Operates as a diversified healthcare services company in the United States.

FinecoBank Banca Fineco

Market Cap: €13.9b

Provides banking, credit, trading and investment services in Italy.

Banco Comercial Português

Market Cap: €13.9b

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

McCormick

Market Cap: US$16.4b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق59.7b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

NMBZ Holdings

Market Cap: US$2.1b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Airtel Africa

Market Cap: UK£11.8b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Bank of Beijing

Market Cap: CN¥111.6b

Provides various banking services to individuals and corporates in China.

Saudi Electricity

Market Cap: ر.س60.3b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.