Pakistani Materials Defensive Blue Chips

Caixa Seguridade Participações

Market Cap: R$54.2b

Provides insurance products in Brazil and internationally.

Vienna Insurance Group

Market Cap: €8.9b

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

YTL Power International Berhad

Market Cap: RM 42.3b

An investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally.

Cullen/Frost Bankers

Market Cap: US$10.4b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Banca Transilvania

Market Cap: RON 46.5b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Zions Bancorporation National Association

Market Cap: US$10.4b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

KINGSEMI

Market Cap: CN¥69.5b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Konfoong Materials International

Market Cap: CN¥69.4b

Konfoong Materials International Co., Ltd.

Quebecor

Market Cap: CA$14.3b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

BIM Birlesik Magazalar

Market Cap: ₺493.9b

Operates retail stores in Turkey, Morocco, and Egypt.

Menora Mivtachim Holdings

Market Cap: ₪30.6b

Operates in insurance and finance sectors in Israel.

Insulet

Market Cap: US$10.3b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Indus Towers

Market Cap: ₹982.1b

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

Hebei Yangyuan ZhiHui Beverage

Market Cap: CN¥68.8b

Engages in the research and development, production, and sale of vegetable protein beverages using walnut kernels in China.

Universal Health Services

Market Cap: US$10.2b

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

Old National Bancorp

Market Cap: US$10.2b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Sejahteraraya Anugrahjaya

Market Cap: Rp182.1t

Provides medical services in Indonesia.

Shoprite Holdings

Market Cap: R164.0b

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

Novatek Microelectronics

Market Cap: NT$324.9b

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.

Henan Shijia Photons Technology

Market Cap: CN¥68.4b

Henan Shijia Photons Technology Co., Ltd.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Rambus

Market Cap: US$10.2b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Skyworks Solutions

Market Cap: US$10.1b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

BUA Foods

Market Cap: ₦13.7t

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

Old Republic International

Market Cap: US$10.1b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Max Healthcare Institute

Market Cap: ₹969.8b

Provides medical and healthcare services in India.

Kesko Oyj

Market Cap: €8.6b

Engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland.

Bank Albilad

Market Cap: ر.س37.9b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

bioMérieux

Market Cap: €8.6b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.