Russian Materials Defensive Blue Chips

Heineken

Market Cap: €35.3b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Telstra Group

Market Cap: AU$57.1b

Provides telecommunications and information services in Australia and internationally.

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$318.3b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Archer-Daniels-Midland

Market Cap: US$40.5b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

PICC Property and Casualty

Market Cap: HK$317.4b

Engages in property and casualty insurance business in People’s Republic of China.

Becton Dickinson

Market Cap: US$40.1b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Swedbank

Market Cap: SEK 376.0b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Sun Life Financial

Market Cap: CA$55.5b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥270.3b

Advanced Micro-Fabrication Equipment Inc.

Hua Hong Semiconductor

Market Cap: HK$311.9b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Kotak Mahindra Bank

Market Cap: ₹3.8t

Provides a range of banking and financial services to corporate and individual customers in India.

Credo Technology Group Holding

Market Cap: US$39.6b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Nanya Technology

Market Cap: NT$1.2t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Humana

Market Cap: US$39.3b

Provides medical and specialty insurance products in the United States.

SSE

Market Cap: UK£28.8b

Engages in the generation, transmission, distribution, and supply of electricity.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Huadian New Energy Group

Market Cap: CN¥260.7b

Engages in the power generation business in China.

American International Group

Market Cap: US$38.5b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Tesco

Market Cap: UK£28.4b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Consolidated Edison

Market Cap: US$38.1b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Bank Central Asia

Market Cap: Rp678.9t

Provides commercial banking and other financial services.

Fomento Económico Mexicano. de

Market Cap: Mex$654.5b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Skandinaviska Enskilda Banken

Market Cap: SEK 355.1b

Provides corporate, retail, investment, and private banking services.

ACWA Power

Market Cap: ر.س141.4b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Kroger

Market Cap: US$37.5b

Operates as a food and drug retailer in the United States.

Power Corporation of Canada

Market Cap: CA$51.7b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Hershey

Market Cap: US$37.2b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Daiichi Life Group

Market Cap: JP¥5.9t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

PG&E

Market Cap: US$37.1b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Vulcan Materials

Market Cap: US$37.0b

Produces and supplies construction aggregates in the United States.

Japan Post Holdings

Market Cap: JP¥5.9t

Provides postal, banking, and insurance services in Japan.

Rocket Companies

Market Cap: US$36.6b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Heidelberg Materials

Market Cap: €31.5b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Federal National Mortgage Association

Market Cap: US$36.4b

Provides financing solutions for residential mortgages in the United States.

ITC

Market Cap: ₹3.5t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.