Filipino Materials Defensive Blue Chips

FBC Holdings

Market Cap: US$5.5b

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

Axis Bank

Market Cap: ₹4.1t

Provides various financial products and services in India and internationally.

Wuliangye YibinLtd

Market Cap: CN¥284.9b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

American International Group

Market Cap: US$42.0b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Swedbank

Market Cap: SEK 407.0b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Becton Dickinson

Market Cap: US$41.9b

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.

Bank Central Asia

Market Cap: Rp752.6t

Provides commercial banking and other financial services.

Daiichi Life Group

Market Cap: JP¥6.7t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Consolidated Edison

Market Cap: US$41.0b

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

Rocket Companies

Market Cap: US$40.7b

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

PICC Property and Casualty

Market Cap: HK$317.2b

Engages in property and casualty insurance business in People’s Republic of China.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.5t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

China Pacific Insurance (Group)

Market Cap: CN¥272.4b

Provides insurance products to in the People’s Republic of China.

Swisscom

Market Cap: CHF 32.7b

Provides telecommunication services in Switzerland, Italy, and internationally.

Power Corporation of Canada

Market Cap: CA$56.8b

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

Sysco

Market Cap: US$40.1b

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.

Skandinaviska Enskilda Banken

Market Cap: SEK 389.5b

Provides corporate, retail, investment, and private banking services.

Japan Post Holdings

Market Cap: JP¥6.4t

Provides postal, banking, and insurance services in Japan.

Banca Monte dei Paschi di Siena

Market Cap: €34.7b

Provides various banking products and services in Italy and internationally.

SSE

Market Cap: UK£29.4b

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

Kotak Mahindra Bank

Market Cap: ₹3.8t

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

Fomento Económico Mexicano. de

Market Cap: Mex$685.3b

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

Tesco

Market Cap: UK£29.2b

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

Archer-Daniels-Midland

Market Cap: US$38.8b

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

Telstra Group

Market Cap: AU$55.3b

Provides telecommunications and information services in Australia and internationally.

Vulcan Materials

Market Cap: US$38.3b

Produces and supplies construction aggregates in the United States.

Fairfax Financial Holdings

Market Cap: CA$54.2b

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.

Hartford Insurance Group

Market Cap: US$38.0b

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

ACWA Power

Market Cap: ر.س142.8b

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.

Samsung Life Insurance

Market Cap: ₩56.9t

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

OTP Bank Nyrt

Market Cap: Ft12.0t

Provides various commercial banking services.

GLOBALFOUNDRIES

Market Cap: US$37.8b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

PG&E

Market Cap: US$37.8b

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.

ON Semiconductor

Market Cap: US$37.3b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Kroger

Market Cap: US$37.1b

Operates as a food and drug retailer in the United States.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ135.5b

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