Swedish Materials Defensive Blue Chips

Coca-Cola FEMSA. de

Market Cap: US$18.7b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Zimmer Biomet Holdings

Market Cap: US$18.7b

Operates as a medical technology company worldwide.

Mizrahi Tefahot Bank

Market Cap: ₪60.8b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Bunge Global

Market Cap: US$18.6b

Operates as an agribusiness and food company worldwide.

Centene

Market Cap: US$18.6b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Hua Hong Semiconductor

Market Cap: HK$144.4b

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

Principal Financial Group

Market Cap: US$18.5b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Banco de Sabadell

Market Cap: €16.0b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$98.3b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Fortum Oyj

Market Cap: €15.9b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.9t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫481.3t

Provides banking products and services in Vietnam.

Straumann Holding

Market Cap: CHF 14.7b

Provides tooth replacement and orthodontic solutions worldwide.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ66.3b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Coca-Cola HBC

Market Cap: UK£13.7b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Hana Financial Group

Market Cap: ₩26.5t

Through its subsidiaries, provides financial services in South Korea.

Bank of Ireland Group

Market Cap: €15.5b

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

IHH Healthcare Berhad

Market Cap: RM 73.9b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

CK Infrastructure Holdings

Market Cap: HK$138.8b

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.

Pro Medicus

Market Cap: AU$27.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

JDE Peet's

Market Cap: €15.2b

Operates as a coffee and tea company worldwide.

McCormick

Market Cap: US$17.6b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Koninklijke KPN

Market Cap: €15.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

Arca Continental. de

Market Cap: Mex$320.4b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Asahi Group Holdings

Market Cap: JP¥2.7t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

US Foods Holding

Market Cap: US$17.2b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Bank of Beijing

Market Cap: CN¥121.1b

Provides various banking services to individuals and corporates in China.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$2.2b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

NMBZ Holdings

Market Cap: US$2.2b

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

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥119.5b

China Three Gorges Renewables (Group) Co.,Ltd.

MTN Group

Market Cap: R289.2b

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

Talen Energy

Market Cap: US$16.8b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Anhui Conch Cement

Market Cap: CN¥118.7b

Manufactures, sells, and trades in clinker and cement products in China and internationally.