Swedish Materials Defensive Blue Chips

Xi'an ESWIN Material Technology

Market Cap: CN¥97.9b

Xi'an ESWIN Material Technology Co., Ltd.

Uni-President Enterprises

Market Cap: NT$434.7b

Produces and sells food products in Taiwan and internationally.

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

SCB X

Market Cap: ฿439.4b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$107.1b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Woori Financial Group

Market Cap: ₩20.1t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Oklo

Market Cap: US$13.6b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Raiffeisen Bank International

Market Cap: €11.7b

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

Fresenius Medical Care

Market Cap: €11.7b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Brown-Forman

Market Cap: US$13.6b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

WH Group

Market Cap: HK$106.0b

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

Osaka Gas

Market Cap: JP¥2.1t

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

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥94.3b

Henan Shuanghui Investment & Development Co.,Ltd.

Helvetia Holding

Market Cap: CHF 10.7b

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

Origin Energy

Market Cap: AU$20.2b

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.

Israel Discount Bank

Market Cap: ₪43.1b

Provides various banking and financial services in Israel, Europe, and North America.

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Mashreqbank PSC

Market Cap: د.إ48.1b

Provides various banking and financial services to individuals and corporates.

Everest Group

Market Cap: US$13.1b

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

Elia Group

Market Cap: €11.3b

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

Hua Nan Financial Holdings

Market Cap: NT$409.9b

Provides financial services in Taiwan and internationally.

ageas

Market Cap: €11.2b

Engages in insurance business.

MACOM Technology Solutions Holdings

Market Cap: US$13.0b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Guangdong Haid Group

Market Cap: CN¥91.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Etihad Etisalat

Market Cap: ر.س48.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥91.0b

Provides a range of banking products and services to individual and corporate customers in China.

Tata Consumer Products

Market Cap: ₹1.2t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Hormel Foods

Market Cap: US$12.8b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Kirin Holdings Company

Market Cap: JP¥2.0t

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

Jentech Precision Industrial

Market Cap: NT$400.2b

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

Admiral Group

Market Cap: UK£9.6b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Banco de Crédito e Inversiones

Market Cap: CL$11.8t

Provides various banking products and services in Chile, United States, and Peru.

Reinsurance Group of America

Market Cap: US$12.7b

Provides reinsurance and financial solutions.