Romanian Materials Defensive Blue Chips

Carrefour

Market Cap: €9.3b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Bunge Global

Market Cap: US$10.5b

Operates as an agribusiness and food company worldwide.

Novatek Microelectronics

Market Cap: NT$314.0b

Engages in research and development, manufacture, and sale of integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications in Taiwan, Asia, and internationally.

Sysmex

Market Cap: JP¥1.5t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software in Japan.

Israel Discount Bank

Market Cap: ₪36.7b

Provides various banking and financial services in Israel, Europe, and North America.

Far EasTone Telecommunications

Market Cap: NT$311.9b

Engages in the provision of telecommunications and digital application services in Taiwan.

Bangkok Dusit Medical Services

Market Cap: ฿341.7b

Operates hospitals in Thailand and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €9.2b

Engages in the provision of retail and commercial banking services in Italy.

Tele2

Market Cap: SEK 99.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

ING Bank Slaski

Market Cap: zł38.8b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م95.7b

Provides various telecommunication solutions in Morocco and internationally.

China Resources Beer (Holdings)

Market Cap: HK$81.3b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Centrica

Market Cap: UK£7.7b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Skyworks Solutions

Market Cap: US$10.4b

Designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

CEMEX. de

Market Cap: Mex$201.0b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Giga Device Semiconductor

Market Cap: CN¥74.6b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

American Financial Group

Market Cap: US$10.4b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Credo Technology Group Holding

Market Cap: US$10.4b

Provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Penumbra

Market Cap: US$10.3b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Bank Albilad

Market Cap: ر.س38.8b

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

Assurant

Market Cap: US$10.3b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Anhui Gujing Distillery

Market Cap: CN¥74.1b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

DaVita

Market Cap: US$10.3b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Sanlam

Market Cap: R185.0b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Celcomdigi Berhad

Market Cap: RM 43.6b

An investment holding company, provides mobile communication services and related products in Malaysia.

Woori Financial Group

Market Cap: ₩14.1t

Operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea.

Marks and Spencer Group

Market Cap: UK£7.6b

Operates various retail stores.

Bank Negara Indonesia (Persero)

Market Cap: Rp167.3t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

Campbell's

Market Cap: US$10.2b

Manufactures and markets food and beverage products in the United States and internationally.

Osaka Gas

Market Cap: JP¥1.5t

Provides gas, electricity, and other energy products and services in Japan and internationally.

First Horizon

Market Cap: US$10.1b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Suntory Beverage & Food

Market Cap: JP¥1.4t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

Globe Life

Market Cap: US$10.1b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Enel Américas

Market Cap: CL$9.5t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Raiffeisen Bank International

Market Cap: €8.8b

Offers banking services to corporate, private, and institutional customers.

Waaree Energies

Market Cap: ₹855.8b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.