Brazilian Software Defensive Blue Chips

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥147.0b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Mega Financial Holding

Market Cap: NT$695.7b

Provides various financial services in Taiwan.

Bank Mandiri (Persero)

Market Cap: Rp387.3t

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

MKS

Market Cap: US$21.7b

Provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, China, South Korea, Japan, Taiwan, Singapore, and internationally.

Technoprobe

Market Cap: €18.6b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Xi'an ESWIN Material Technology

Market Cap: CN¥145.2b

Xi'an ESWIN Material Technology Co., Ltd.

MTN Group

Market Cap: R349.0b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Riyad Bank

Market Cap: ر.س80.7b

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

China Minsheng Banking

Market Cap: CN¥144.3b

Provides banking products and services in the People's Republic of China.

Heineken Holding

Market Cap: €18.4b

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

BNP Paribas Fortis

Market Cap: €18.4b

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

Tenet Healthcare

Market Cap: US$21.3b

Operates as a diversified healthcare services company in the United States.

Banco Santander (Brasil)

Market Cap: R$110.8b

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

Hwatsing Technology

Market Cap: CN¥142.9b

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

CIMB Group Holdings Berhad

Market Cap: RM 85.9b

Provides various banking products and services in Malaysia and internationally.

Bank of Nanjing

Market Cap: CN¥141.8b

Engages in the provision of various financial products and services in China.

Bank of Ireland Group

Market Cap: €18.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

BE Semiconductor Industries

Market Cap: €18.0b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Fortum Oyj

Market Cap: €18.0b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Lasertec

Market Cap: JP¥3.3t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

China Tower

Market Cap: HK$162.9b

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

CK Infrastructure Holdings

Market Cap: HK$162.6b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Banco de Sabadell

Market Cap: €17.8b

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

Yihai Kerry Arawana Holdings

Market Cap: CN¥139.0b

Engages in the agriculture and food processing businesses in China.

Tyson Foods

Market Cap: US$20.6b

Operates as a food company worldwide.

Banco de Chile

Market Cap: CL$19.0t

Provides commercial banking services in Chile.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

Cellnex Telecom

Market Cap: €17.6b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Mizrahi Tefahot Bank

Market Cap: ₪60.4b

Provides various banking services in Israel and internationally.

Bank of Shanghai

Market Cap: CN¥135.4b

Provides various banking products and services in China.

China United Network Communications

Market Cap: CN¥134.4b

Provides telecommunication services in the People’s Republic of China.

Pernod Ricard

Market Cap: €17.2b

Produces and sells wines and spirits worldwide.

Alinma Bank

Market Cap: ر.س74.5b

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

Erste Bank Polska

Market Cap: zł73.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Banco do Brasil

Market Cap: R$102.5b

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

Telenor

Market Cap: NOK 184.6b

Operates as a telecommunication company worldwide.