Chilean Software Defensive Blue Chips

Telenor

Market Cap: NOK 219.8b

Operates as a telecommunication company worldwide.

Lasertec

Market Cap: JP¥3.7t

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

China Minsheng Banking

Market Cap: CN¥158.8b

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

Fortum Oyj

Market Cap: €19.7b

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

First Citizens BancShares

Market Cap: US$23.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

KeyCorp

Market Cap: US$23.2b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Banco BPM

Market Cap: €19.6b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Federal Home Loan Mortgage

Market Cap: US$23.0b

Operates in the secondary mortgage market in the United States.

Tyson Foods

Market Cap: US$22.9b

Operates as a food company worldwide.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ83.8b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

MTN Group

Market Cap: R373.3b

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

Hua Hong Semiconductor

Market Cap: HK$178.0b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Loews

Market Cap: US$22.7b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Brown & Brown

Market Cap: US$22.6b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

NN Group

Market Cap: €19.1b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Public Bank Berhad

Market Cap: RM 88.8b

Provides banking products and services.

Yihai Kerry Arawana Holdings

Market Cap: CN¥153.2b

Engages in the agriculture and food processing businesses in China.

Sigma Healthcare

Market Cap: AU$31.1b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Luzhou LaojiaoLtd

Market Cap: CN¥151.7b

Produces and sells alcoholic products in China and internationally.

Hana Financial Group

Market Cap: ₩32.8t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Labcorp Holdings

Market Cap: US$22.1b

Provides laboratory services.

STERIS

Market Cap: US$22.1b

Provides infection prevention products and services worldwide.

Coles Group

Market Cap: AU$30.3b

Operates as a retailer in Australia.

Coca-Cola FEMSA. de

Market Cap: US$21.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

First Solar

Market Cap: US$21.5b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Quest Diagnostics

Market Cap: US$21.5b

Provides diagnostic testing and services in the United States.

Koninklijke KPN

Market Cap: €18.2b

Provides telecommunications and information technology (IT) services in the Netherlands.

Coca-Cola HBC

Market Cap: UK£15.8b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪63.7b

Provides various banking services in Israel and internationally.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

China United Network Communications

Market Cap: CN¥142.9b

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

CK Infrastructure Holdings

Market Cap: HK$163.5b

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.

Nanya Technology

Market Cap: NT$655.4b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Saudi Awwal Bank

Market Cap: ر.س77.6b

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

Grupo Cibest

Market Cap: Col$74.6t

Provides various banking products and services in Colombia and internationally.

Bank of Shanghai

Market Cap: CN¥140.4b

Provides various banking products and services in China.