Belgian Software Defensive Blue Chips

Terumo

Market Cap: JP¥3.1t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Heineken Holding

Market Cap: €16.9b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Tower Semiconductor

Market Cap: US$19.3b

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

Astera Labs

Market Cap: US$19.3b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Arca Continental. de

Market Cap: Mex$347.3b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Alinma Bank

Market Cap: ر.س71.7b

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

Pernod Ricard

Market Cap: €16.6b

Produces and sells wines and spirits worldwide.

Hana Financial Group

Market Cap: ₩29.0t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Principal Financial Group

Market Cap: US$18.9b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Wilmar International

Market Cap: S$24.0b

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

Kansai Electric Power Company

Market Cap: JP¥2.9t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫484.6t

Provides banking products and services in Vietnam.

Uniper

Market Cap: €16.1b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥127.1b

Engages in the manufacturing and distribution of beverages in China, Vietnam, and Malaysia.

TS Financial Holding

Market Cap: NT$590.6b

Provides various financial products and services.

Saudi Energy

Market Cap: ر.س68.7b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

JBS

Market Cap: US$18.2b

Engages in the processing of animal proteins, encompassing activities related to beef, pork, lamb, and poultry worldwide.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥125.5b

China Three Gorges Renewables (Group) Co.,Ltd.

Legal & General Group

Market Cap: UK£13.7b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

OmniVision Integrated Circuits Group

Market Cap: CN¥124.9b

OmniVision Integrated Circuits Group, Inc.

Mizrahi Tefahot Bank

Market Cap: ₪57.0b

Provides various banking services in Israel and internationally.

Banco de Chile

Market Cap: CL$16.7t

Provides commercial banking services in Chile.

Mega Financial Holding

Market Cap: NT$573.3b

Provides various financial services in Taiwan.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp301.1t

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

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

Credo Technology Group Holding

Market Cap: US$17.6b

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.

Jentech Precision Industrial

Market Cap: NT$563.5b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Bank of Hangzhou

Market Cap: CN¥120.5b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Banco de Sabadell

Market Cap: €15.2b

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

Zimmer Biomet Holdings

Market Cap: US$17.3b

Operates as a medical technology company worldwide.

Associated British Foods

Market Cap: UK£13.0b

Engages in the food, ingredients, and retail businesses worldwide.

Anhui Conch Cement

Market Cap: CN¥118.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$16.9b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Hologic

Market Cap: US$16.9b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Bank of Beijing

Market Cap: CN¥115.7b

Provides various banking services to individuals and corporates in China.