Peruvian Materials Defensive Blue Chips

Zurich Insurance Group

Market Cap: CHF 79.0b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

HCA Healthcare

Market Cap: US$98.2b

Through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States.

BNP Paribas

Market Cap: €83.7b

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

China Yangtze Power

Market Cap: CN¥687.8b

Engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan.

McKesson

Market Cap: US$96.5b

Provides healthcare services in the United States and internationally.

AXA

Market Cap: €82.2b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Postal Savings Bank of China

Market Cap: HK$731.2b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

AIA Group

Market Cap: HK$724.1b

Provides life insurance based financial services in Hong Kong.

State Bank of India

Market Cap: ₹8.2t

Provides banking products and services in India and internationally.

Tokyo Electron

Market Cap: JP¥13.8t

Develops, manufactures, and sells semiconductor production equipment in Japan, South Korea, Taiwan, China, North America, Europe, and internationally.

Marsh & McLennan Companies

Market Cap: US$91.4b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Econet Wireless Zimbabwe

Market Cap: US$11.6b

Through its subsidiaries, primarily provides mobile telecommunications and related overlay services in Zimbabwe.

Bank of Montreal

Market Cap: CA$125.6b

Engages in the provision of diversified financial services primarily in North America.

Semiconductor Manufacturing International

Market Cap: HK$680.7b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

NTT

Market Cap: JP¥13.1t

Operates as a telecommunications company in Japan and internationally.

National Australia Bank

Market Cap: AU$132.3b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Westpac Banking

Market Cap: AU$132.3b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

China Telecom

Market Cap: HK$664.6b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Bank of Communications

Market Cap: HK$640.8b

Provides commercial banking products and services in China and internationally.

Advantest

Market Cap: JP¥12.3t

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €69.8b

Engages in the insurance and reinsurance businesses worldwide.

Bank of Nova Scotia

Market Cap: CA$111.6b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Elevance Health

Market Cap: US$78.4b

Operates as a health benefits company in the United States.

CRH

Market Cap: US$78.4b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Cigna Group

Market Cap: US$77.7b

Provides insurance and related products and services in the United States.

Nongfu Spring

Market Cap: HK$599.4b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Marvell Technology

Market Cap: US$76.1b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Tokio Marine Holdings

Market Cap: JP¥11.4t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Mizuho Financial Group

Market Cap: JP¥11.4t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

National Grid

Market Cap: UK£56.1b

Engages in the transmission and distribution of electricity and gas.

Canadian Imperial Bank of Commerce

Market Cap: CA$104.7b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Barito Renewables Energy

Market Cap: Rp1244.2t

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

Hygon Information Technology

Market Cap: CN¥529.6b

Engages in the research and development of computing chip products and systems in China.

Aon

Market Cap: US$74.0b

A professional services firm, provides a range of risk and human capital solutions worldwide.

Cambricon Technologies

Market Cap: CN¥522.0b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

Arthur J. Gallagher

Market Cap: US$71.8b

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