Peruvian Materials Defensive Blue Chips

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Maplebear

Market Cap: US$10.8b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Henan Shijia Photons Technology

Market Cap: CN¥72.7b

Henan Shijia Photons Technology Co., Ltd.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥72.6b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Molina Healthcare

Market Cap: US$10.8b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Unicaja Banco

Market Cap: €9.4b

Engages in the retail banking business in Spain.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫282.7t

Provides various banking products and services in Vietnam and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥71.9b

Beijing E-Town Semiconductor Technology Co., Ltd.

Chongqing Rural Commercial Bank

Market Cap: HK$83.9b

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

Align Technology

Market Cap: US$10.7b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

WH Group

Market Cap: HK$83.8b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Nova

Market Cap: US$10.6b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

SD Guthrie Berhad

Market Cap: RM 43.6b

Operates as an integrated plantations company in Malaysia and internationally.

United Nova TechnologyLtd

Market Cap: CN¥71.2b

Manufactures and markets power discrete and modules in China and internationally.

Globalstar

Market Cap: US$10.6b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

King Yuan Electronics

Market Cap: NT$335.7b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Popular

Market Cap: US$10.5b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Darling Ingredients

Market Cap: US$10.5b

Develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally.

Vienna Insurance Group

Market Cap: €9.2b

Engages in providing insurance products and services in Austria and internationally.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Novatek Microelectronics

Market Cap: NT$333.5b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

UMB Financial

Market Cap: US$10.4b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺507.8b

Provides various banking products and services in Turkey.

Universal Health Services

Market Cap: US$10.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Qorvo

Market Cap: US$10.4b

Engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥69.8b

Engages in the research, design, development, production, and sale of semiconductor chip test probe cards in China and internationally.

Beazley

Market Cap: UK£7.8b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Cooper Companies

Market Cap: US$10.4b

Develops, manufactures, and markets contact lens wearers.

Sanlam

Market Cap: R169.7b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Konfoong Materials International

Market Cap: CN¥69.5b

Konfoong Materials International Co., Ltd.

Guangdong Haid Group

Market Cap: CN¥69.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Indus Towers

Market Cap: ₹990.5b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for telecommunication service providers in India, Nigeria, Uganda, and Zambia.

Powerchip Semiconductor Manufacturing

Market Cap: NT$329.4b

Engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

Tata Consumer Products

Market Cap: ₹989.8b

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Shoprite Holdings

Market Cap: R168.5b

An investment holding company, engages in the food retail and wholesale business in South Africa and internationally.

BUA Foods

Market Cap: ₦13.7t

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