Slovenian Materials Defensive Blue Chips

Industrial Bank of Korea

Market Cap: ₩16.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Sanlam

Market Cap: R186.0b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪34.0b

Offers insurance and financial services in Israel, Europe, and internationally.

Maplebear

Market Cap: US$11.3b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Tianshui Huatian Technology

Market Cap: CN¥76.8b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥76.1b

Engages in the clean energy business in China.

SD Guthrie Berhad

Market Cap: RM 45.8b

Operates as an integrated plantations company in Malaysia and internationally.

Insulet

Market Cap: US$11.2b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Bangkok Bank

Market Cap: ฿376.0b

Provides various commercial banking products and services in Thailand and internationally.

Rambus

Market Cap: US$11.2b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Bank of Chengdu

Market Cap: CN¥75.4b

Provides various banking products and services in China.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Hong Leong Bank Berhad

Market Cap: RM 45.4b

Operates as a financial services company in Malaysia and internationally.

Indus Towers

Market Cap: ₹1.1t

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.

Ryan Specialty Holdings

Market Cap: US$11.0b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

UMB Financial

Market Cap: US$11.0b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Arab National Bank

Market Cap: ر.س41.1b

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.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫287.6t

Provides various banking products and services in Vietnam and internationally.

Encompass Health

Market Cap: US$10.9b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Absa Group

Market Cap: R178.6b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Popular

Market Cap: US$10.9b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

TIM

Market Cap: R$55.2b

Engages in the telecommunications sector in Brazil.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Zhejiang Zheneng Electric Power

Market Cap: CN¥73.3b

Zhejiang Zheneng Electric Power Co., Ltd.

Globus Medical

Market Cap: US$10.8b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Guangdong Haid Group

Market Cap: CN¥73.3b

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

Vanguard International Semiconductor

Market Cap: NT$348.3b

Engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Far EasTone Telecommunications

Market Cap: NT$347.4b

Provides mobile telecommunications services in Taiwan and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Chongqing Rural Commercial Bank

Market Cap: HK$84.5b

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

Centrica

Market Cap: UK£8.0b

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

Budweiser Brewing Company APAC

Market Cap: HK$83.9b

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