Mexican Materials Defensive Blue Chips

Barito Renewables Energy

Market Cap: Rp956.5t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

China CITIC Bank

Market Cap: CN¥387.7b

Provides various banking products and services in the People’s Republic of China and internationally.

Saudi Telecom

Market Cap: ر.س211.0b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Arthur J. Gallagher

Market Cap: US$56.0b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Manulife Financial

Market Cap: CA$76.0b

Provides financial products and services in the United States, Canada, Asia, and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ205.5b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Alimentation Couche-Tard

Market Cap: CA$74.9b

Operates and licenses convenience stores in North America, Europe, and Asia.

Wal-Mart de México. de

Market Cap: Mex$957.1b

Owns and operates self-service stores in Mexico and Central America.

FBC Holdings

Market Cap: US$7.0b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Target

Market Cap: US$54.4b

Operates as a general merchandise retailer in the United States.

Loblaw Companies

Market Cap: CA$73.8b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Emirates NBD Bank PJSC

Market Cap: د.إ198.0b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Allstate

Market Cap: US$53.9b

Provides property and casualty, and other insurance products in the United States and Canada.

Orange

Market Cap: €45.6b

Operates as a telecommunications operator in France and internationally.

National Bank of Canada

Market Cap: CA$71.9b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Cardinal Health

Market Cap: US$52.3b

Operates as a healthcare services and products company in the United States and internationally.

Monolithic Power Systems

Market Cap: US$52.2b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Siemens Healthineers

Market Cap: €44.6b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Danone

Market Cap: €44.4b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

NXP Semiconductors

Market Cap: US$51.3b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥352.2b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

KBC Group

Market Cap: €43.9b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

People's Insurance Company (Group) of China

Market Cap: HK$397.6b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

Bank Central Asia

Market Cap: Rp858.0t

Provides commercial banking and other financial services.

Standard Chartered

Market Cap: UK£37.6b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Swiss Re

Market Cap: CHF 38.2b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Edwards Lifesciences

Market Cap: US$48.9b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

IDEXX Laboratories

Market Cap: US$48.6b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Shanghai Pudong Development Bank

Market Cap: CN¥331.7b

Shanghai Pudong Development Bank Co., Ltd.

NAURA Technology Group

Market Cap: CN¥331.2b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Disco

Market Cap: JP¥7.6t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Swisscom

Market Cap: CHF 37.1b

Provides telecommunication services in Switzerland, Italy, and internationally.

Becton Dickinson

Market Cap: US$47.1b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

United Overseas Bank

Market Cap: S$59.9b

Provides banking products and services worldwide.

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

Market Cap: ر.ق171.1b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.