Brazilian Software Defensive Blue Chips

Smith & Nephew

Market Cap: UK£9.5b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł47.5b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

BPER Banca

Market Cap: €11.1b

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

Albertsons Companies

Market Cap: US$12.4b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Gjensidige Forsikring

Market Cap: NOK 128.8b

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

Hologic

Market Cap: US$12.3b

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.

Montage Technology

Market Cap: CN¥88.8b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

First Financial Holding

Market Cap: NT$371.1b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

SCB X

Market Cap: ฿402.4b

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

ageas

Market Cap: €10.9b

Engages in insurance business.

Universal Health Services

Market Cap: US$12.1b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Origin Energy

Market Cap: AU$18.8b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

JDE Peet's

Market Cap: €10.8b

Operates as a coffee and tea company worldwide.

MTN Group

Market Cap: R217.1b

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

Encompass Health

Market Cap: US$12.0b

Provides post-acute healthcare services in the United States and Puerto Rico.

Helvetia Holding

Market Cap: CHF 10.0b

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

Etihad Etisalat

Market Cap: ر.س45.0b

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

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

Turkiye Garanti Bankasi

Market Cap: ₺462.4b

Provides various banking products and services in Turkey.

Mapfre

Market Cap: €10.6b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Engages in the provision of healthcare services in India and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥85.4b

Henan Shuanghui Investment & Development Co.,Ltd.

Maplebear

Market Cap: US$11.8b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Union Bank of India

Market Cap: ₹1.0t

Provides various banking products and services.

Banco Santander-Chile

Market Cap: CL$11.0t

Provides commercial and retail banking products and services in Chile.

Tsingtao Brewery

Market Cap: HK$91.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Tokyo GasLtd

Market Cap: JP¥1.7t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥84.2b

Engages in the clean energy business in China.

RenaissanceRe Holdings

Market Cap: US$11.7b

Provides reinsurance and insurance products in the United States and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.9b

Provides a range of banking products and services to individual and corporate customers in China.

Arab National Bank

Market Cap: ر.س43.6b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Banque Saudi Fransi

Market Cap: ر.س43.6b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Kasikornbank

Market Cap: ฿383.8b

Provides commercial banking products and services in Thailand and internationally.

Manila Electric

Market Cap: ₱642.4b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.