Tunisian Materials Defensive Blue Chips

MACOM Technology Solutions Holdings

Market Cap: US$27.4b

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

Veeva Systems

Market Cap: US$27.2b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

China Everbright Bank

Market Cap: CN¥183.5b

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.

PPL

Market Cap: US$26.9b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.5b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Yuanjie Semiconductor Technology

Market Cap: CN¥179.9b

Yuanjie Semiconductor Technology Co., Ltd.

BT Group

Market Cap: UK£19.8b

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

BE Semiconductor Industries

Market Cap: €22.9b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥178.5b

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

EnBW Energie Baden-Württemberg

Market Cap: €22.8b

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

W. R. Berkley

Market Cap: US$26.2b

An insurance holding company, operates as a commercial line writer worldwide.

Tower Semiconductor

Market Cap: US$25.7b

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.1t

Operates as a trust bank in Japan and internationally.

Piotech

Market Cap: CN¥173.9b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥173.5b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Telefónica

Market Cap: €22.2b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Cincinnati Financial

Market Cap: US$25.3b

Provides property casualty insurance products in the United States.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Helvetia Baloise Holding

Market Cap: CHF 19.9b

Engages in life and non-life insurance, and reinsurance business.

BNP Paribas Fortis

Market Cap: €21.5b

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

Koninklijke Philips

Market Cap: €21.4b

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

Snam

Market Cap: €21.4b

Engages in the operation of natural gas transport and storage infrastructure.

Willis Towers Watson

Market Cap: US$24.7b

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

Fresenius SE KGaA

Market Cap: €21.3b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Bunge Global

Market Cap: US$24.6b

Operates as an agribusiness and food company worldwide.

Aviva

Market Cap: UK£18.3b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Aeon

Market Cap: JP¥3.9t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

American Water Works Company

Market Cap: US$24.5b

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

QBE Insurance Group

Market Cap: AU$35.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Regions Financial

Market Cap: US$24.4b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Banco BPM

Market Cap: €21.1b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

National Bank of KuwaitK.P

Market Cap: د.ك7.5b

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.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp433.7t

Provides various banking products and services in Indonesia and internationally.

New China Life Insurance

Market Cap: CN¥164.4b

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

AIB Group

Market Cap: €21.0b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Dollar General

Market Cap: US$24.1b

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