Taiwanese Materials Defensive Blue Chips

Sichuan Chuantou EnergyLtd

Market Cap: CN¥75.6b

Engages in the clean energy business in China.

Safaricom

Market Cap: KSh1.5t

Provides telecommunication services in Kenya and Ethiopia.

Mowi

Market Cap: NOK 104.6b

A seafood company, produces and sells Atlantic salmon products worldwide.

Japan Post Insurance

Market Cap: JP¥1.8t

Engages in the provision of life insurance products and services in Japan.

Glaukos

Market Cap: US$11.2b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

China Zheshang Bank

Market Cap: HK$87.6b

Provides corporate and retail banking services in Mainland China.

Sanlam

Market Cap: R180.0b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Busy Ming Group

Market Cap: HK$87.1b

Through its subsidiaries, operates as a food and beverage retailer in China.

UMB Financial

Market Cap: US$11.1b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Bangkok Bank

Market Cap: ฿363.6b

Provides various commercial banking products and services in Thailand and internationally.

YTL Power International Berhad

Market Cap: RM 44.7b

An investment holding company, provides electricity, clean water, sewerage system, and telecommunication services in Malaysia, Singapore, the United Kingdom, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$86.5b

Provides banking and related financial services in the People’s Republic of China.

Henan Shijia Photons Technology

Market Cap: CN¥74.1b

Henan Shijia Photons Technology Co., Ltd.

KINGSEMI

Market Cap: CN¥74.1b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق39.9b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

United Nova TechnologyLtd

Market Cap: CN¥73.6b

Manufactures and markets power discrete and modules in China and internationally.

Seed Co

Market Cap: US$1.4b

Engages in the breeding, multiplication, and distribution of hybrid seeds in Africa.

Tata Consumer Products

Market Cap: ₹1.0t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Taiwan Mobile

Market Cap: NT$348.5b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Popular

Market Cap: US$10.9b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

Ryan Specialty Holdings

Market Cap: US$10.8b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Kikkoman

Market Cap: JP¥1.7t

Through its subsidiaries, engages in the manufacture and sale of food products in Japan and internationally.

Discovery

Market Cap: R172.7b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Dairibord Holdings

Market Cap: US$1.4b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Globalstar

Market Cap: US$10.7b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Budweiser Brewing Company APAC

Market Cap: HK$83.7b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Orkla

Market Cap: NOK 99.3b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥71.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

BDO Unibank

Market Cap: ₱654.6b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫278.9t

Provides various banking products and services in Vietnam and internationally.

Unicaja Banco

Market Cap: €9.1b

Engages in the retail banking business in Spain.

Puya Semiconductor (Shanghai)

Market Cap: CN¥71.1b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Darling Ingredients

Market Cap: US$10.6b

Develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally.

Ensign Group

Market Cap: US$10.5b

Provides skilled nursing, senior living, and rehabilitative services.