Turkish Materials Defensive Blue Chips

First Citizens BancShares

Market Cap: US$24.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Coca-Cola HBC

Market Cap: UK£18.0b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Dollar Tree

Market Cap: US$24.2b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

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.

Snam

Market Cap: €20.9b

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

Aeon

Market Cap: JP¥3.9t

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

Terna

Market Cap: €20.8b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

BNP Paribas Fortis

Market Cap: €20.7b

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

Sigma Healthcare

Market Cap: AU$33.7b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Loews

Market Cap: US$23.6b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Brown & Brown

Market Cap: US$23.5b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

NN Group

Market Cap: €20.5b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Quest Diagnostics

Market Cap: US$23.3b

Provides diagnostic testing and services in the United States.

Telefónica

Market Cap: €20.4b

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

VERBUND

Market Cap: €20.4b

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

Bank Mandiri (Persero)

Market Cap: Rp414.9t

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

Labcorp Holdings

Market Cap: US$23.2b

Provides laboratory services.

Lasertec

Market Cap: JP¥3.8t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

China Jushi

Market Cap: CN¥156.5b

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

Bunge Global

Market Cap: US$23.1b

Operates as an agribusiness and food company worldwide.

Banco do Brasil

Market Cap: R$117.0b

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

First Solar

Market Cap: US$22.8b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Constellation Brands

Market Cap: US$22.7b

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

AST SpaceMobile

Market Cap: US$22.4b

Designs and develops the constellation of BlueBird satellites in the United States.

Riyad Bank

Market Cap: ر.س83.8b

Provides banking and investment services in the Kingdom of Saudi Arabia.

China Minsheng Banking

Market Cap: CN¥150.7b

Provides banking products and services in the People's Republic of China.

Telefônica Brasil

Market Cap: R$113.5b

Operates as a mobile telecommunications company in Brazil.

Mega Financial Holding

Market Cap: NT$715.0b

Provides various financial services in Taiwan.

Heineken Holding

Market Cap: €19.3b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥149.4b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Legal & General Group

Market Cap: UK£16.3b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Coles Group

Market Cap: AU$31.3b

Operates as a retailer in Australia.

Coca-Cola FEMSA. de

Market Cap: US$21.7b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Technoprobe

Market Cap: €18.9b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Grupo Cibest

Market Cap: Col$70.3t

Provides various banking products and services in Colombia and internationally.

Adani Energy Solutions

Market Cap: ₹2.1t

Generates, transmits, and distributes power in India.