Russian Materials Defensive Blue Chips

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Montage Technology

Market Cap: CN¥87.3b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Hologic

Market Cap: US$12.1b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Gjensidige Forsikring

Market Cap: NOK 125.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Tsingtao Brewery

Market Cap: HK$93.2b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.5b

Henan Shuanghui Investment & Development Co.,Ltd.

Helvetia Holding

Market Cap: CHF 9.8b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

JDE Peet's

Market Cap: €10.5b

Operates as a provider of various coffee and tea products worldwide.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Engages in the provision of healthcare services in India and internationally.

Maplebear

Market Cap: US$11.9b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 52.2b

Produces and supplies hydro, wind, and energy electricity in Romania.

Giga Device Semiconductor

Market Cap: CN¥85.5b

A fabless company, provides engages in the research and development, technical support, and sales of memories, microcontrollers, and sensors.

RenaissanceRe Holdings

Market Cap: US$11.8b

Provides reinsurance and insurance products in the United States and internationally.

Banque Saudi Fransi

Market Cap: ر.س44.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Origin Energy

Market Cap: AU$18.2b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

BPER Banca

Market Cap: €10.4b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Encompass Health

Market Cap: US$11.8b

Provides post-acute healthcare services in the United States and Puerto Rico.

Astera Labs

Market Cap: US$11.8b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

MTN Group

Market Cap: R214.4b

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

China Resources Beer (Holdings)

Market Cap: HK$90.7b

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

First Financial Holding

Market Cap: NT$351.4b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

Molson Coors Beverage

Market Cap: US$11.7b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bank of Ireland Group

Market Cap: €10.3b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Universal Health Services

Market Cap: US$11.7b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Bangkok Dusit Medical Services

Market Cap: ฿381.4b

Operates hospitals in Thailand and internationally.

Sysmex

Market Cap: JP¥1.7t

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

Taiwan Mobile

Market Cap: NT$346.3b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Kasikornbank

Market Cap: ฿376.7b

Provides commercial banking products and services in Thailand and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩15.8t

Engages in the provision of non-life insurance products and services in Korea, China, the United States, Indonesia, Vietnam, Singapore, and the United Kingdom.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥82.8b

Engages in the clean energy business in China.

Penumbra

Market Cap: US$11.5b

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

WH Group

Market Cap: HK$88.7b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Arab National Bank

Market Cap: ر.س42.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Union Bank of India

Market Cap: ₹963.4b

Provides various banking products and services.

Cochlear

Market Cap: AU$17.6b

Provides implantable hearing solutions for children and adults worldwide.

Conagra Brands

Market Cap: US$11.4b

Operates as a consumer packaged goods food company primarily in the United States.