Pakistani Materials Defensive Blue Chips

Terna

Market Cap: €17.4b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Snam

Market Cap: €17.3b

Engages in the operation of natural gas transport and storage infrastructure.

Tenaga Nasional Berhad

Market Cap: RM 82.8b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally.

Erie Indemnity

Market Cap: US$19.2b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Zimmer Biomet Holdings

Market Cap: US$19.2b

Operates as a medical technology company worldwide.

First Solar

Market Cap: US$19.1b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Saudi Awwal Bank

Market Cap: ر.س71.7b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Mediobanca Banca di Credito Finanziario

Market Cap: €17.1b

Provides various banking products and services in Italy and internationally.

New China Life Insurance

Market Cap: CN¥137.2b

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

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ69.4b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Coca-Cola HBC

Market Cap: UK£14.2b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

ON Semiconductor

Market Cap: US$18.8b

Provides intelligent sensing and power solutions in the United States and internationally.

Resona Holdings

Market Cap: JP¥2.7t

Through its subsidiaries, provides retail and commercial banking products and services in Japan and internationally.

Carlsberg

Market Cap: DKK 125.5b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Loews

Market Cap: US$18.7b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫480.5t

Provides banking products and services.

Alinma Bank

Market Cap: ر.س69.6b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Ryan Specialty Holdings

Market Cap: US$18.6b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Legal & General Group

Market Cap: UK£14.0b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Coles Group

Market Cap: AU$28.7b

Operates as a retailer in Australia.

Pro Medicus

Market Cap: AU$28.6b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Uniper

Market Cap: €16.4b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Principal Financial Group

Market Cap: US$18.3b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

KeyCorp

Market Cap: US$18.2b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Dollar Tree

Market Cap: US$18.2b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Citizens Financial Group

Market Cap: US$18.1b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Bank of Beijing

Market Cap: CN¥130.7b

Provides various banking services to personal and corporate customers in China.

Shinhan Financial Group

Market Cap: ₩25.2t

Provides financial products and services in South Korea and internationally.

Arca Continental. de

Market Cap: Mex$350.1b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 77.2b

Provides various banking products and services in Malaysia and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.6t

Operates as a trust bank in Japan and internationally.

US Foods Holding

Market Cap: US$17.7b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Koninklijke KPN

Market Cap: €15.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

Federal Home Loan Mortgage

Market Cap: US$17.6b

Operates in the secondary mortgage market in the United States.

Kerry Group

Market Cap: €15.7b

Provides taste and nutrition solutions.