Turkish Materials Defensive Blue Chips

Asahi Group Holdings

Market Cap: JP¥2.5t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Grupo Bimbo. de

Market Cap: Mex$264.5b

Produces, distributes, and markets bakery products.

SCB X

Market Cap: ฿511.8b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Mashreqbank PSC

Market Cap: د.إ56.4b

Provides various banking and financial services to individuals and corporates.

Grupo Financiero Inbursa. de

Market Cap: Mex$262.1b

Provides various financial products and services to individuals and businesses in Mexico.

Admiral Group

Market Cap: UK£11.4b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Coloplast

Market Cap: DKK 99.2b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Attijariwafa bank

Market Cap: د.م141.3b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Kerry Group

Market Cap: €13.0b

Provides taste and nutrition solutions.

Public Power

Market Cap: €13.0b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Kirin Holdings Company

Market Cap: JP¥2.4t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Cooper Companies

Market Cap: US$14.9b

Develops, manufactures, and markets contact lens wearers.

Huaneng Power International

Market Cap: HK$116.7b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ54.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Brookfield Wealth Solutions

Market Cap: US$14.9b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Enpara Bank

Market Cap: ₺709.2b

Provides banking services and products in Turkey.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.3b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$25.0b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Gjensidige Forsikring

Market Cap: NOK 139.1b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

T&D Holdings

Market Cap: JP¥2.3t

Through its subsidiaries, provides insurance products and services in Japan.

First Financial Holding

Market Cap: NT$470.2b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق52.7b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Unum Group

Market Cap: US$14.5b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp257.3t

Provides information and communications technology, and telecommunications network services worldwide.

Baxter International

Market Cap: US$14.4b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

LONGi Green Energy Technology

Market Cap: CN¥96.7b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Phison Electronics

Market Cap: NT$462.1b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Onto Innovation

Market Cap: US$14.3b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

HANMI Semiconductor

Market Cap: ₩20.2t

Manufactures and sells semiconductor equipment in South Korea and internationally.

McCormick

Market Cap: US$14.3b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Everest Group

Market Cap: US$14.2b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Piraeus Bank

Market Cap: €12.3b

Provides various banking products and services in Greece, Europe, and internationally.

Assurant

Market Cap: US$14.2b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Phoenix Financial

Market Cap: ₪42.5b

Operates as a financial services company in Israel.