Russian Materials Defensive Blue Chips

BT Group

Market Cap: UK£19.7b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Barito Renewables Energy

Market Cap: Rp480.3t

Generates and sells power through geothermal and wind resources in Indonesia.

PPL

Market Cap: US$26.3b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

BE Semiconductor Industries

Market Cap: €22.5b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.4b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Citizens Financial Group

Market Cap: US$26.0b

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.

Credicorp

Market Cap: US$26.0b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥174.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Telefónica

Market Cap: €22.0b

Provides telecommunications services in Europe and Latin America.

Bunge Global

Market Cap: US$25.5b

Operates as an agribusiness and food company worldwide.

W. R. Berkley

Market Cap: US$25.4b

An insurance holding company, operates as a commercial line writer worldwide.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.1t

Operates as a trust bank in Japan and internationally.

AIB Group

Market Cap: €21.5b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

BNP Paribas Fortis

Market Cap: €21.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Helvetia Baloise Holding

Market Cap: CHF 19.5b

Engages in life and non-life insurance, and reinsurance business.

Koninklijke Philips

Market Cap: €21.3b

Operates as a health technology company in North America, the Greater China, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.6b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Aviva

Market Cap: UK£18.2b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Cincinnati Financial

Market Cap: US$24.4b

Provides property casualty insurance products in the United States.

Yuanjie Semiconductor Technology

Market Cap: CN¥163.9b

Yuanjie Semiconductor Technology Co., Ltd.

Piotech

Market Cap: CN¥163.9b

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

Snam

Market Cap: €20.8b

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

American Water Works Company

Market Cap: US$24.2b

Through its subsidiaries, provides water and wastewater services in the United States.

MTN Group

Market Cap: R393.1b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

QBE Insurance Group

Market Cap: AU$33.8b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Fresenius SE KGaA

Market Cap: €20.7b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥162.4b

Inner Mongolia Yili Industrial Group Co., Ltd.

Technoprobe

Market Cap: €20.7b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Sigma Healthcare

Market Cap: AU$33.6b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

VERBUND

Market Cap: €20.4b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Willis Towers Watson

Market Cap: US$23.7b

Operates as an advisory, broking, and solutions company worldwide.

CLP Holdings

Market Cap: HK$185.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Lasertec

Market Cap: JP¥3.8t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

New China Life Insurance

Market Cap: CN¥159.8b

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

Public Bank Berhad

Market Cap: RM 94.5b

Provides banking products and services.