Nigerian Materials Defensive Blue Chips

Consolidated Edison

Market Cap: US$41.4b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Tesco

Market Cap: UK£30.7b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥275.6b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Sysco

Market Cap: US$40.8b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Japan Post Holdings

Market Cap: JP¥6.5t

Provides postal, banking, and insurance services in Japan.

Kotak Mahindra Bank

Market Cap: ₹3.9t

Provides a range of banking and financial services to corporate and individual customers in India.

Power Corporation of Canada

Market Cap: CA$56.8b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Banca Monte dei Paschi di Siena

Market Cap: €35.1b

Provides various banking products and services in Italy and internationally.

Swisscom

Market Cap: CHF 32.5b

Provides telecommunication services in Switzerland, Italy, and internationally.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Moore Threads Technology

Market Cap: CN¥268.1b

Engages in the development of GPU chips and related products.

Disco

Market Cap: JP¥6.3t

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

OTP Bank Nyrt

Market Cap: Ft12.5t

Provides various commercial banking services.

Sompo Holdings

Market Cap: JP¥6.3t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Hartford Insurance Group

Market Cap: US$39.5b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

GigaDevice Semiconductor

Market Cap: CN¥266.3b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

Fairfax Financial Holdings

Market Cap: CA$55.2b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Telstra Group

Market Cap: AU$55.6b

Provides telecommunications and information services in Australia and internationally.

PG&E

Market Cap: US$39.0b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Fomento Económico Mexicano. de

Market Cap: Mex$675.2b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Samsung Life Insurance

Market Cap: ₩55.9t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Rocket Companies

Market Cap: US$38.8b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Microchip Technology

Market Cap: US$38.8b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Archer-Daniels-Midland

Market Cap: US$38.7b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

ACWA Power

Market Cap: ر.س144.2b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Cerebras Systems

Market Cap: US$38.4b

Operates as an artificial intelligence infrastructure company.

SSE

Market Cap: UK£28.3b

Engages in the generation, transmission, distribution, and supply of electricity.

Prudential

Market Cap: UK£28.2b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł141.8b

Provides various banking products and services in Poland and internationally.

Hershey

Market Cap: US$37.3b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ137.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Vodafone Group

Market Cap: UK£27.5b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Montage Technology

Market Cap: CN¥249.9b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

ITC

Market Cap: ₹3.5t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Vulcan Materials

Market Cap: US$36.8b

Produces and supplies construction aggregates in the United States.

UltraTech Cement

Market Cap: ₹3.5t

Engages in the manufacturing, marketing, and distribution of building materials in India and internationally.