Thai Materials Defensive Blue Chips

Sampo Oyj

Market Cap: €24.1b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

China Unicom (Hong Kong)

Market Cap: HK$219.4b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

STMicroelectronics

Market Cap: €24.0b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Bank of Jiangsu

Market Cap: CN¥190.9b

Provides various banking products and services in China.

BNP Paribas Fortis

Market Cap: €23.7b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Willis Towers Watson

Market Cap: US$27.5b

Operates as an advisory, broking, and solutions company worldwide.

Dollar General

Market Cap: US$27.4b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Naturgy Energy Group

Market Cap: €23.6b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Huaneng Lancang River Hydropower

Market Cap: CN¥187.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

China National Nuclear Power

Market Cap: CN¥185.9b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥185.7b

Advanced Micro-Fabrication Equipment Inc.

Veolia Environnement

Market Cap: €23.0b

Designs and provides water, waste, and energy management solutions.

China Everbright Bank

Market Cap: CN¥182.7b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

American Water Works Company

Market Cap: US$26.5b

Through its subsidiaries, provides water and wastewater services in the United States.

George Weston

Market Cap: CA$36.3b

Provides food and drug retailing, and financial services in Canada.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥181.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Samsung Life Insurance

Market Cap: ₩39.1t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

BT Group

Market Cap: UK£19.6b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

New China Life Insurance

Market Cap: CN¥180.4b

Provides life insurance products and services to individuals and institutions in China.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ96.0b

Provides banking products and services in the United Arab Emirates and internationally.

Banco do Brasil

Market Cap: R$136.8b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Renesas Electronics

Market Cap: JP¥4.1t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp441.1t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Constellation Brands

Market Cap: US$25.9b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

National Bank of KuwaitK.P

Market Cap: د.ك7.9b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

VERBUND

Market Cap: €22.3b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

DexCom

Market Cap: US$25.8b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

ABN AMRO Bank

Market Cap: €22.1b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €22.0b

Provides retail and commercial banking services in Italy.

Kraft Heinz

Market Cap: US$25.5b

Manufactures and markets food and beverage products in North America and internationally.

Credicorp

Market Cap: US$25.5b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Koninklijke Philips

Market Cap: €21.9b

Operates as a health technology company in North America, the Greater China, and internationally.

Avenue Supermarts

Market Cap: ₹2.4t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Ajinomoto

Market Cap: JP¥4.0t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Gulf Development

Market Cap: ฿818.0b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.