Brazilian Software Defensive Blue Chips

Talen Energy

Market Cap: US$14.8b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Tryg

Market Cap: DKK 93.6b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$467.6b

Provides financial services in Taiwan and internationally.

Kerry Group

Market Cap: €12.4b

Provides taste and nutrition solutions.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

SCB X

Market Cap: ฿461.3b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Winbond Electronics

Market Cap: NT$461.3b

Engages in the design, development, manufacture, and marketing of very large scale integration integrated circuits (ICs) for various microelectronic applications in Asia, the Americas, Europe, and internationally.

Xi'an ESWIN Material Technology

Market Cap: CN¥100.5b

Xi'an ESWIN Material Technology Co., Ltd.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 62.3b

Produces and supplies hydro, wind, and energy electricity in Romania.

Samsung Fire & Marine Insurance

Market Cap: ₩21.1t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Mapfre

Market Cap: €12.2b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Gjensidige Forsikring

Market Cap: NOK 138.9b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Huaneng Power International

Market Cap: HK$111.2b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Brookfield Renewable

Market Cap: US$14.1b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Performance Food Group

Market Cap: US$14.1b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Brookfield Wealth Solutions

Market Cap: US$14.1b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Kasikornbank

Market Cap: ฿446.7b

Provides commercial banking products and services in Thailand and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$23.5b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Etihad Etisalat

Market Cap: ر.س52.5b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

ageas

Market Cap: €11.8b

Engages in insurance business.

Hormel Foods

Market Cap: US$13.9b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Mashreqbank PSC

Market Cap: د.إ50.8b

Provides various banking and financial services to individuals and corporates.

Budweiser Brewing Company APAC

Market Cap: HK$107.7b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫361.6t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

James Hardie Industries

Market Cap: AU$19.6b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

BB Seguridade Participações

Market Cap: R$72.1b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Tower Semiconductor

Market Cap: US$13.6b

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

Brown-Forman

Market Cap: US$13.6b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

bioMérieux

Market Cap: €11.5b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Everest Group

Market Cap: US$13.6b

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

Zimre Holdings

Market Cap: US$1.7b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

Jentech Precision Industrial

Market Cap: NT$428.8b

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

Vodafone Idea

Market Cap: ₹1.2t

Provides mobile telecommunication services in India.

Reinsurance Group of America

Market Cap: US$13.5b

Provides reinsurance and financial solutions.

Helvetia Baloise Holding

Market Cap: CHF 10.5b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.