U.S. Materials Defensive Blue Chips

Banco de Sabadell

Market Cap: €16.8b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Telenor

Market Cap: NOK 183.6b

Operates as a telecommunication company worldwide.

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Wilmar International

Market Cap: S$24.7b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Krung Thai Bank

Market Cap: ฿635.9b

Engages in commercial banking business in Thailand and internationally.

Telefônica Brasil

Market Cap: R$97.7b

Operates as a mobile telecommunications company in Brazil.

MPI

Market Cap: NT$617.3b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

Alinma Bank

Market Cap: ر.س71.7b

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

E.SUN Financial Holding Company

Market Cap: NT$613.8b

Offers various financial banking products and services in Taiwan.

Hua Nan Financial Holdings

Market Cap: NT$613.0b

Provides financial services in Taiwan and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥128.1b

Produces and sells alcoholic products in China and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩26.9t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Vodacom Group

Market Cap: R304.5b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Eurobank

Market Cap: €16.3b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫493.0t

Provides banking products and services in Vietnam.

Banco Comercial Português

Market Cap: €16.1b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Global Unichip

Market Cap: NT$600.4b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Xi'an ESWIN Material Technology

Market Cap: CN¥125.2b

Xi'an ESWIN Material Technology Co., Ltd.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$94.3b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Lattice Semiconductor

Market Cap: US$18.5b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Zimmer Biomet Holdings

Market Cap: US$18.4b

Operates as a medical technology company worldwide.

Saudi Awwal Bank

Market Cap: ر.س68.0b

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

Telia Company

Market Cap: SEK 171.5b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Performance Food Group

Market Cap: US$18.0b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

East West Bancorp

Market Cap: US$18.0b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

IHH Healthcare Berhad

Market Cap: RM 73.6b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Skyverse Technology

Market Cap: CN¥121.5b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Hwatsing Technology

Market Cap: CN¥121.1b

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

Kasikornbank

Market Cap: ฿592.5b

Provides commercial banking products and services in Thailand and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 81.1b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Bank Polska Kasa Opieki

Market Cap: zł66.4b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

SinoPac Financial Holdings

Market Cap: NT$572.1b

Through its subsidiaries, provides banking services worldwide.

SDIC Power Holdings

Market Cap: CN¥119.1b

Engages in the electricity generation business in China.

Koninklijke KPN

Market Cap: €15.3b

Provides telecommunications and information technology (IT) services in the Netherlands.

Bank of Hangzhou

Market Cap: CN¥117.3b

Provides various banking products and services in China.