Austrian Software Defensive Blue Chips

George Weston

Market Cap: CA$36.4b

Provides food and drug retailing, and financial services in Canada.

Credicorp

Market Cap: US$26.3b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

New China Life Insurance

Market Cap: CN¥179.3b

Provides life insurance products and services to individuals and institutions in China.

Aviva

Market Cap: UK£19.4b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

China National Nuclear Power

Market Cap: CN¥178.7b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Telefônica Brasil

Market Cap: R$130.0b

Operates as a mobile telecommunications company in Brazil.

Huaneng Lancang River Hydropower

Market Cap: CN¥177.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Cincinnati Financial

Market Cap: US$26.0b

Provides property casualty insurance products in the United States.

Snam

Market Cap: €21.9b

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

American Water Works Company

Market Cap: US$25.7b

Through its subsidiaries, provides water and wastewater services in the United States.

Hon. Precision

Market Cap: NT$809.6b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Telefónica

Market Cap: €21.8b

Provides telecommunications services in Europe and Latin America.

Banco de Crédito del Perú

Market Cap: S/86.4b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

W. R. Berkley

Market Cap: US$25.0b

An insurance holding company, operates as a commercial line writer worldwide.

VERBUND

Market Cap: €21.3b

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

Bank Mandiri (Persero)

Market Cap: Rp430.8t

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥170.2b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Markel Group

Market Cap: US$24.9b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

DexCom

Market Cap: US$24.7b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Humana

Market Cap: US$24.6b

Provides medical and specialty insurance products in the United States.

China Tower

Market Cap: HK$192.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

AIB Group

Market Cap: €20.9b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

QBE Insurance Group

Market Cap: AU$34.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Tower Semiconductor

Market Cap: US$24.2b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Regions Financial

Market Cap: US$24.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

CLP Holdings

Market Cap: HK$187.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Banco BPM

Market Cap: €20.3b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$118.3b

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

KeyCorp

Market Cap: US$23.7b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Banco Santander (Brasil)

Market Cap: R$118.0b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

First Citizens BancShares

Market Cap: US$23.7b

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.

Riyad Bank

Market Cap: ر.س88.6b

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

Terna

Market Cap: €20.0b

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

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س88.4b

Provides private health and support services in the Kingdom of Saudi Arabia.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥160.0b

Inner Mongolia Yili Industrial Group Co., Ltd.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ86.1b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.