Mexican Materials Defensive Blue Chips

Sanan OptoelectronicsLtd

Market Cap: CN¥77.2b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Baxter International

Market Cap: US$11.2b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

CPFL Energia

Market Cap: R$57.8b

Through its subsidiaries, operates as an energy company in Brazil.

Harel Insurance Investments & Financial Services

Market Cap: ₪34.2b

Offers insurance and financial services in Israel, Europe, and internationally.

Buzzi

Market Cap: €9.3b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Rockchip Electronics

Market Cap: CN¥76.2b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Max Healthcare Institute

Market Cap: ₹994.1b

Provides medical and healthcare services in India.

SiTime

Market Cap: US$11.0b

Designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally.

Marico

Market Cap: ₹992.7b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

BIWIN Storage Technology

Market Cap: CN¥75.2b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Bank Albilad

Market Cap: ر.س40.7b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

American Financial Group

Market Cap: US$10.8b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥74.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

Tsingtao Brewery

Market Cap: CN¥74.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

SK Telecom

Market Cap: ₩15.7t

Engages in the provision of wireless telecommunication services in South Korea.

Busy Ming Group

Market Cap: HK$84.0b

Through its subsidiaries, operates as a food and beverage retailer in China.

Türkiye Is Bankasi

Market Cap: ₺468.9b

Provides various banking products and services in Turkey.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Bangkok Dusit Medical Services

Market Cap: ฿332.1b

Operates hospitals in Thailand and internationally.

Encompass Health

Market Cap: US$10.7b

Provides post-acute healthcare services in the United States and Puerto Rico.

Global Unichip

Market Cap: NT$335.7b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Dino Polska

Market Cap: zł37.7b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Onto Innovation

Market Cap: US$10.6b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

SouthState Bank

Market Cap: US$10.6b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Wintrust Financial

Market Cap: US$10.6b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Bank of the Philippine Islands

Market Cap: ₱618.2b

Provides various financial products and services to retail and corporate clients in the Philippines.

Chongqing Rural Commercial Bank

Market Cap: HK$82.8b

Provides banking services in the People’s Republic of China.

Tongfu MicroelectronicsLtd

Market Cap: CN¥73.1b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Shree Cement

Market Cap: ₹957.0b

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

Caixa Seguridade Participações

Market Cap: R$54.9b

Provides various life and non-life insurance products in Brazil.

Far EasTone Telecommunications

Market Cap: NT$331.7b

Engages in the provision of telecommunications and digital application services in Taiwan.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

ICICI Lombard General Insurance

Market Cap: ₹951.3b

Provides various general insurance products and services in India.