Swedish Materials Defensive Blue Chips

CNA Financial

Market Cap: US$12.7b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$22.0b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.1b

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

First Financial Holding

Market Cap: NT$394.0b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Aegon

Market Cap: €10.8b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Reinsurance Group of America

Market Cap: US$12.5b

Provides reinsurance and financial solutions.

Telecom Italia

Market Cap: €10.6b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

BB Seguridade Participações

Market Cap: R$66.2b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Suncorp Group

Market Cap: AU$18.8b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

CP ALL

Market Cap: ฿392.1b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

ING Bank Slaski

Market Cap: zł44.6b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Sejahteraraya Anugrahjaya

Market Cap: Rp204.0t

Provides medical services in Indonesia.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Globus Medical

Market Cap: US$12.2b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Krung Thai Bank

Market Cap: ฿387.8b

Engages in commercial banking business in Thailand and internationally.

Tower Semiconductor

Market Cap: US$12.1b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

RenaissanceRe Holdings

Market Cap: US$12.0b

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

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

Vodafone Idea

Market Cap: ₹1.1t

Provides mobile telecommunication services in India.

True Corporation

Market Cap: ฿383.5b

Provides telecommunications and value-added services in Thailand.

mBank

Market Cap: zł43.4b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

BE Semiconductor Industries

Market Cap: €10.2b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$373.2b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Insurance Australia Group

Market Cap: AU$18.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Mowi

Market Cap: NOK 119.9b

A seafood company, produces and sells Atlantic salmon products worldwide.

BDO Unibank

Market Cap: ₱690.7b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Cochlear

Market Cap: AU$18.0b

Provides implantable hearing solutions for children and adults worldwide.

Almarai

Market Cap: ر.س44.1b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ43.1b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

China Resources Beer (Holdings)

Market Cap: HK$91.2b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Encompass Health

Market Cap: US$11.7b

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

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

BJ's Wholesale Club Holdings

Market Cap: US$11.7b

Operates membership warehouse clubs on the eastern half of the United States.

Arab National Bank

Market Cap: ر.س43.7b

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.

HKT Trust and HKT

Market Cap: HK$90.4b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.