Thai Materials Defensive Blue Chips

FBC Holdings

Market Cap: US$5.5b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

IDEXX Laboratories

Market Cap: US$42.4b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

GLOBALFOUNDRIES

Market Cap: US$42.4b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Swedbank

Market Cap: SEK 408.4b

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

Becton Dickinson

Market Cap: US$42.1b

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.

Wuliangye YibinLtd

Market Cap: CN¥284.2b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Bank Central Asia

Market Cap: Rp743.4t

Provides commercial banking and other financial services.

China Jushi

Market Cap: CN¥281.4b

Manufactures and sells fiberglass and related products in China and internationally.

Kotak Mahindra Bank

Market Cap: ₹3.9t

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

Daiichi Life Group

Market Cap: JP¥6.6t

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

Consolidated Edison

Market Cap: US$40.9b

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

MS&AD Insurance Group Holdings

Market Cap: JP¥6.6t

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

American International Group

Market Cap: US$40.6b

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

PICC Property and Casualty

Market Cap: HK$316.1b

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

OTP Bank Nyrt

Market Cap: Ft12.4t

Provides various commercial banking services.

Sysco

Market Cap: US$39.9b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Nanya Technology

Market Cap: NT$1.3t

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

ACWA Power

Market Cap: ر.س149.2b

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.

Tesco

Market Cap: UK£29.7b

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

China Pacific Insurance (Group)

Market Cap: CN¥269.3b

Provides insurance products to in the People’s Republic of China.

SSE

Market Cap: UK£29.7b

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

Swisscom

Market Cap: CHF 31.8b

Provides telecommunication services in Switzerland, Italy, and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 381.3b

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

KB Financial Group

Market Cap: ₩60.3t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$685.9b

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

Power Corporation of Canada

Market Cap: CA$55.3b

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

Hon. Precision

Market Cap: NT$1.2t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Japan Post Holdings

Market Cap: JP¥6.2t

Provides postal, banking, and insurance services in Japan.

Telstra Group

Market Cap: AU$55.2b

Provides telecommunications and information services in Australia and internationally.

Vulcan Materials

Market Cap: US$38.3b

Produces and supplies construction aggregates in the United States.

ITC

Market Cap: ₹3.6t

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

Banca Monte dei Paschi di Siena

Market Cap: €33.2b

Provides various banking products and services in Italy and internationally.

Fairfax Financial Holdings

Market Cap: CA$53.7b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Intact Financial

Market Cap: CA$52.5b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Hershey

Market Cap: US$36.9b

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