Russian Materials Defensive Blue Chips

Celcomdigi Berhad

Market Cap: RM 44.3b

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

Bancolombia

Market Cap: Col$45.4t

Provides banking products and services in Colombia and internationally.

BKW

Market Cap: CHF 8.7b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Enel Américas

Market Cap: CL$9.9t

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

ICICI Prudential Life Insurance

Market Cap: ₹885.0b

Provides life insurance, pension, and health insurance products to individuals and groups in India.

Kinsale Capital Group

Market Cap: US$10.5b

Engages in the provision of property and casualty insurance products in the United States.

Canara Bank

Market Cap: ₹881.3b

Provides various banking products and services in India and internationally.

T&D Holdings

Market Cap: JP¥1.5t

Through its subsidiaries, provides insurance products and services primarily in Japan.

James Hardie Industries

Market Cap: AU$16.0b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines.

Eurobank Ergasias Services and Holdings

Market Cap: €9.2b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Baloise Holding

Market Cap: CHF 8.5b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, Luxembourg.

Centrica

Market Cap: UK£7.8b

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

IDBI Bank

Market Cap: ₹869.4b

Engages in the provision of banking and financial solutions to retail and corporate clients in India.

Chongqing Rural Commercial Bank

Market Cap: HK$79.5b

Provides banking services in the People’s Republic of China.

Tele2

Market Cap: SEK 99.0b

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

China Mengniu Dairy

Market Cap: HK$78.9b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Tingyi (Cayman Islands) Holding

Market Cap: HK$78.8b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Marks and Spencer Group

Market Cap: UK£7.6b

Operates various retail stores.

Skyworks Solutions

Market Cap: US$10.1b

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.

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.

NHPC

Market Cap: ₹850.1b

Engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India.

Osaka Gas

Market Cap: JP¥1.4t

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

Assurant

Market Cap: US$10.0b

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