Brazilian Software Defensive Blue Chips

Advanced Info Service

Market Cap: ฿1.0t

Operates as a telecommunications and technology company primarily in Thailand.

KB Financial Group

Market Cap: ₩47.8t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 25.6b

Engages in the manufacture and sale of chocolate products worldwide.

Bank Hapoalim B.M

Market Cap: ₪102.6b

Provides various banking and financial services in Israel and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥228.5b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Imperial Brands

Market Cap: UK£23.8b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Japan Post Holdings

Market Cap: JP¥5.0t

Provides postal, banking, and insurance services in Japan.

M&T Bank

Market Cap: US$32.5b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Archer-Daniels-Midland

Market Cap: US$32.4b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Dollar General

Market Cap: US$32.3b

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

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Fresenius SE KGaA

Market Cap: €27.1b

A health care company, provides products and services for chronically ill patients.

Power Corporation of Canada

Market Cap: CA$44.2b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Humana

Market Cap: US$32.1b

Provides medical and specialty insurance products in the United States.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł113.3b

Provides various banking products and services in Poland and internationally.

New China Life Insurance

Market Cap: CN¥222.6b

Provides life insurance products and services to individuals and institutions in China.

Talanx

Market Cap: €26.9b

Provides insurance and reinsurance products and services worldwide.

Svenska Handelsbanken

Market Cap: SEK 283.1b

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

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥220.4b

Advanced Micro-Fabrication Equipment Inc.

CEZ a. s

Market Cap: Kč641.5b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Sompo Holdings

Market Cap: JP¥4.8t

Provides property and casualty insurance services in Japan and internationally.

Capitec Bank Holdings

Market Cap: R501.5b

Through its subsidiaries, provides various banking products and services in South Africa.

Banca Monte dei Paschi di Siena

Market Cap: €26.4b

Provides retail and commercial banking services in Italy.

Dai-ichi Life Holdings

Market Cap: JP¥4.8t

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ114.2b

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

Willis Towers Watson

Market Cap: US$30.9b

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

Ping An Bank

Market Cap: CN¥212.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Amrize

Market Cap: CHF 23.6b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

China Unicom (Hong Kong)

Market Cap: HK$237.1b

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

Swiss Life Holding

Market Cap: CHF 23.5b

Provides life, pensions, and financial solutions for private and corporate clients.

Standard Bank Group

Market Cap: R482.4b

Provides financial products and services in South Africa and internationally.

ABN AMRO Bank

Market Cap: €25.4b

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

Grupo Financiero Banorte. de

Market Cap: Mex$519.2b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥206.3b

Foshan Haitian Flavouring and Food Company Ltd.

Naturgy Energy Group

Market Cap: €24.9b

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