Belgian Software Defensive Blue Chips

Sampo Oyj

Market Cap: €24.4b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

BT Group

Market Cap: UK£21.1b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Veolia Environnement

Market Cap: €24.2b

Designs and provides water, waste, and energy management solutions.

Ajinomoto

Market Cap: JP¥4.4t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Naturgy Energy Group

Market Cap: €24.0b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

China Unicom (Hong Kong)

Market Cap: HK$217.9b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Gulf Development

Market Cap: ฿903.9b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Willis Towers Watson

Market Cap: US$27.4b

Operates as an advisory, broking, and solutions company worldwide.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ100.1b

Provides banking products and services in the United Arab Emirates and internationally.

BNP Paribas Fortis

Market Cap: €23.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Samsung Life Insurance

Market Cap: ₩40.8t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Credicorp

Market Cap: US$26.9b

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

Casey's General Stores

Market Cap: US$26.9b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

ABN AMRO Bank

Market Cap: €23.1b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Svenska Handelsbanken

Market Cap: SEK 252.5b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

George Weston

Market Cap: CA$37.2b

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

China National Nuclear Power

Market Cap: CN¥184.1b

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

Banca Monte dei Paschi di Siena

Market Cap: €23.1b

Provides various banking products and services in Italy and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥183.7b

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

Kraft Heinz

Market Cap: US$26.6b

Manufactures and markets food and beverage products in North America and internationally.

Renesas Electronics

Market Cap: JP¥4.2t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

American Water Works Company

Market Cap: US$26.6b

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

Resona Holdings

Market Cap: JP¥4.2t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

China Everbright Bank

Market Cap: CN¥182.3b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

GigaDevice Semiconductor

Market Cap: CN¥180.9b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

VERBUND

Market Cap: €22.7b

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

BPER Banca

Market Cap: €22.7b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Banco do Brasil

Market Cap: R$134.9b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Dollar General

Market Cap: US$26.1b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Constellation Brands

Market Cap: US$26.0b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Koninklijke Philips

Market Cap: €22.5b

Operates as a health technology company in North America, the Greater China, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp440.1t

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

Telefônica Brasil

Market Cap: R$133.1b

Operates as a mobile telecommunications company in Brazil.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥176.1b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Citizens Financial Group

Market Cap: US$25.5b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.