Nigerian Materials Defensive Blue Chips

Muyuan Foods Group

Market Cap: CN¥186.0b

Operates as a pork company in the hog farming industry in China.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 22.2b

Engages in the development, manufacture, and sale of chocolate products worldwide.

China National Nuclear Power

Market Cap: CN¥185.7b

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

George Weston

Market Cap: CA$38.7b

Provides food and drug retailing, and financial services in Canada.

Gulf Development

Market Cap: ฿903.9b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

BIWIN Storage Technology

Market Cap: CN¥183.4b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Sampo Oyj

Market Cap: €23.6b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

PPL

Market Cap: US$26.8b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Seven & i Holdings

Market Cap: JP¥4.3t

Operates convenience stores in Japan, North America, and internationally.

Banco BPM

Market Cap: €23.5b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Cincinnati Financial

Market Cap: US$26.7b

Provides property casualty insurance products in the United States.

DexCom

Market Cap: US$26.7b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

BE Semiconductor Industries

Market Cap: €23.5b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Kraft Heinz

Market Cap: US$26.6b

Manufactures and markets food and beverage products in North America and internationally.

China Everbright Bank

Market Cap: CN¥179.9b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Technoprobe

Market Cap: €23.1b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

W. R. Berkley

Market Cap: US$26.2b

An insurance holding company, operates as a commercial line writer worldwide.

China Unicom (Hong Kong)

Market Cap: HK$205.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.2t

Operates as a trust bank in Japan and internationally.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥176.8b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

Veeva Systems

Market Cap: US$25.9b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

New China Life Insurance

Market Cap: CN¥175.8b

Provides life insurance products and services to individuals and institutions in China.

Helvetia Baloise Holding

Market Cap: CHF 20.9b

Engages in life and non-life insurance, and reinsurance business.

Huaneng Lancang River Hydropower

Market Cap: CN¥174.8b

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

BT Group

Market Cap: UK£19.4b

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

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Fresenius SE KGaA

Market Cap: €22.5b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Aviva

Market Cap: UK£19.3b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Dollar General

Market Cap: US$25.3b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Koninklijke Philips

Market Cap: €22.3b

Operates as a health technology company in North America, the Greater China, and internationally.

AIB Group

Market Cap: €22.2b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥171.3b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

TS Financial Holding

Market Cap: NT$799.5b

Provides various financial products and services.

QBE Insurance Group

Market Cap: AU$36.4b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥168.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.