U.S. Materials Defensive Blue Chips

People's Insurance Company (Group) of China

Market Cap: HK$325.8b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Swedbank

Market Cap: SEK 383.6b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Federal National Mortgage Association

Market Cap: US$41.5b

Provides financing solutions for residential mortgages in the United States.

PICC Property and Casualty

Market Cap: HK$323.6b

Engages in property and casualty insurance business in People’s Republic of China.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥278.1b

Advanced Micro-Fabrication Equipment Inc.

Credo Technology Group Holding

Market Cap: US$41.0b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Becton Dickinson

Market Cap: US$40.9b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Keurig Dr Pepper

Market Cap: US$40.9b

Owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally.

Rocket Companies

Market Cap: US$40.7b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Coca-Cola Europacific Partners

Market Cap: €34.6b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

Kotak Mahindra Bank

Market Cap: ₹3.8t

Provides a range of banking and financial services to corporate and individual customers in India.

Cathay Financial Holding

Market Cap: NT$1.3t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Hershey

Market Cap: US$40.0b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥270.5b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Sun Life Financial

Market Cap: CA$54.9b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Huadian New Energy Group

Market Cap: CN¥268.2b

Engages in the power generation business in China.

American International Group

Market Cap: US$39.4b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Heidelberg Materials

Market Cap: €33.7b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Bank Central Asia

Market Cap: Rp700.4t

Provides commercial banking and other financial services.

Consolidated Edison

Market Cap: US$39.2b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Skandinaviska Enskilda Banken

Market Cap: SEK 361.4b

Provides corporate, retail, investment, and private banking services.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Kroger

Market Cap: US$39.0b

Operates as a food and drug retailer in the United States.

Archer-Daniels-Midland

Market Cap: US$38.6b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

ITC

Market Cap: ₹3.6t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

SSE

Market Cap: UK£28.1b

Engages in the generation, transmission, distribution, and supply of electricity.

ACWA Power

Market Cap: ر.س141.5b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Bank Leumi le-Israel B.M

Market Cap: ₪105.6b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$646.4b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Koninklijke Ahold Delhaize

Market Cap: €31.8b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Humana

Market Cap: US$37.1b

Provides medical and specialty insurance products in the United States.

Power Corporation of Canada

Market Cap: CA$51.1b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Daiichi Life Group

Market Cap: JP¥5.9t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Tesco

Market Cap: UK£27.3b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

OTP Bank Nyrt

Market Cap: Ft11.0t

Provides various commercial banking services.

Sysco

Market Cap: US$36.3b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.