Portuguese Materials Defensive Blue Chips

ITC

Market Cap: ₹3.5t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Koninklijke Ahold Delhaize

Market Cap: €32.0b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Martin Marietta Materials

Market Cap: US$36.3b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Huntington Bancshares

Market Cap: US$36.3b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Hershey

Market Cap: US$36.0b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

ABN AMRO Bank

Market Cap: €31.4b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Kroger

Market Cap: US$35.7b

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

Arch Capital Group

Market Cap: US$35.4b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Federal National Mortgage Association

Market Cap: US$35.4b

Provides financing solutions for residential mortgages in the United States.

ON Semiconductor

Market Cap: US$35.2b

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

M&T Bank

Market Cap: US$35.1b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Heidelberg Materials

Market Cap: €30.7b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

UltraTech Cement

Market Cap: ₹3.3t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł130.9b

Provides various banking products and services in Poland and internationally.

Piotech

Market Cap: CN¥234.1b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Hannover Rück

Market Cap: €30.1b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Prudential

Market Cap: UK£25.7b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Talanx

Market Cap: €29.9b

Provides insurance and reinsurance products and services worldwide.

Hon. Precision

Market Cap: NT$1.1t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Capitec Bank Holdings

Market Cap: R555.4b

Through its subsidiaries, provides various banking products and services in South Africa.

Shinhan Financial Group

Market Cap: ₩50.9t

Provides financial products and services in South Korea, Vietnam, and Japan.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Ajinomoto

Market Cap: JP¥5.4t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪101.9b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

BPER Banca

Market Cap: €29.1b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Alcon

Market Cap: CHF 26.5b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

China Jushi

Market Cap: CN¥222.5b

Manufactures and sells fiberglass and related products in China and internationally.

Resona Holdings

Market Cap: JP¥5.3t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Centene

Market Cap: US$32.6b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

Malayan Banking Berhad

Market Cap: RM 132.3b

Provides commercial banking and related financial products and services.

Standard Bank Group

Market Cap: R524.3b

Provides financial products and services in South Africa and internationally.

Swiss Life Holding

Market Cap: CHF 25.8b

Provides life, pensions, and financial solutions for private and corporate clients.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ117.2b

Provides banking products and services in the United Arab Emirates and internationally.

ResMed

Market Cap: US$31.5b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

CEZ a. s

Market Cap: Kč665.6b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.