Russian Materials Defensive Blue Chips

Raiffeisen Bank International

Market Cap: €16.1b

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

Global Unichip

Market Cap: NT$591.0b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Brown & Brown

Market Cap: US$18.7b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Grupo Cibest

Market Cap: Col$66.7t

Provides various banking products and services in Colombia and internationally.

Amkor Technology

Market Cap: US$18.6b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Varun Beverages

Market Cap: ₹1.8t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Banco de Chile

Market Cap: CL$16.6t

Provides commercial banking services in Chile.

Rambus

Market Cap: US$18.5b

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

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Telecom Italia

Market Cap: €15.8b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

NMBZ Holdings

Market Cap: US$2.4b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Saudi Energy

Market Cap: ر.س69.0b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Federal Home Loan Mortgage

Market Cap: US$18.3b

Operates in the secondary mortgage market in the United States.

Saudi Awwal Bank

Market Cap: ر.س68.8b

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

US Foods Holding

Market Cap: US$18.3b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Mizrahi Tefahot Bank

Market Cap: ₪53.1b

Provides various banking services in Israel and internationally.

CK Infrastructure Holdings

Market Cap: HK$142.7b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Vodacom Group

Market Cap: R294.1b

Provides communications products and services.

Samsung Fire & Marine Insurance

Market Cap: ₩27.8t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

MPI

Market Cap: NT$564.9b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

Pernod Ricard

Market Cap: €15.4b

Produces and sells wines and spirits worldwide.

Huaneng Power International

Market Cap: HK$140.2b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

ACM Research (Shanghai)

Market Cap: CN¥121.0b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Associated British Foods

Market Cap: UK£13.1b

Engages in the food, ingredients, and retail businesses worldwide.

OmniVision Integrated Circuits Group

Market Cap: CN¥118.6b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥118.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

HANMI Semiconductor

Market Cap: ₩26.8t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Unipol Assicurazioni

Market Cap: €14.8b

Provides insurance products and services primarily in Italy.

Phison Electronics

Market Cap: NT$541.7b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

E.SUN Financial Holding Company

Market Cap: NT$539.4b

Offers various financial banking products and services in Taiwan.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 76.9b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Erste Bank Polska

Market Cap: zł62.0b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Bank Polska Kasa Opieki

Market Cap: zł61.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Bank of Hangzhou

Market Cap: CN¥114.9b

Provides various banking products and services in China.

Elia Group

Market Cap: €14.5b

Develops and operates as a transmission system operator in Belgium and Germany.

Jentech Precision Industrial

Market Cap: NT$531.2b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.