Brazilian Software Defensive Blue Chips

Sichuan Chuantou EnergyLtd

Market Cap: CN¥75.1b

Engages in the clean energy business in China.

MPI

Market Cap: NT$347.9b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

Sanlam

Market Cap: R185.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

James Hardie Industries

Market Cap: AU$15.7b

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

Ambuja Cements

Market Cap: ₹1.0t

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

OPC Energy

Market Cap: ₪33.7b

Engages in the development, construction, operation, generation, and supply of electricity in Israel.

Bank Albilad

Market Cap: ر.س40.2b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Phison Electronics

Market Cap: NT$341.1b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Busy Ming Group

Market Cap: HK$83.4b

Through its subsidiaries, operates as a food and beverage retailer in China.

Sejahteraraya Anugrahjaya

Market Cap: Rp180.3t

Provides medical services in Indonesia.

King Yuan Electronics

Market Cap: NT$340.5b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫279.8t

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

Assurant

Market Cap: US$10.6b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Globe Life

Market Cap: US$10.6b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Technoprobe

Market Cap: €9.2b

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

First Horizon

Market Cap: US$10.6b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Olympus

Market Cap: JP¥1.7t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

KGI Financial Holding

Market Cap: NT$337.0b

Operates as a financial company in Taiwan and internationally.

Tsingtao Brewery

Market Cap: CN¥72.6b

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

Smithfield Foods

Market Cap: US$10.5b

Produces various packaged meats and fresh pork products in the United States and internationally.

KT&G

Market Cap: ₩15.9t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Zimre Holdings

Market Cap: US$1.4b

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

American Financial Group

Market Cap: US$10.5b

An insurance holding company, provides property and casualty insurance products in the United States.

BDO Unibank

Market Cap: ₱635.3b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Bank of Chengdu

Market Cap: CN¥72.3b

Provides various commercial banking products and services in China.

Far EasTone Telecommunications

Market Cap: NT$333.9b

Engages in the provision of telecommunications and digital application services in Taiwan.

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Taiwan Mobile

Market Cap: NT$331.2b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

DaVita

Market Cap: US$10.3b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Suzhou Centec Communications

Market Cap: CN¥71.2b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

China Resources Beer (Holdings)

Market Cap: HK$80.7b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Global Unichip

Market Cap: NT$329.7b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

CPFL Energia

Market Cap: R$54.0b

Through its subsidiaries, operates as an energy company in Brazil.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫270.3t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Marico

Market Cap: ₹964.8b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

JCET Group

Market Cap: CN¥70.7b

Provides integrated-circuit manufacturing and technology services in China and internationally.