Cypriot Software Defensive Blue Chips

Industrial Bank

Market Cap: CN¥410.1b

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

Saudi Telecom

Market Cap: ر.س220.9b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.3t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

FBC Holdings

Market Cap: US$7.6b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Emirates NBD Bank PJSC

Market Cap: د.إ214.8b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

China Pacific Insurance (Group)

Market Cap: CN¥403.1b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

HOYA

Market Cap: JP¥9.1t

A med-tech company, provides high-tech and medical products internationally.

China CITIC Bank

Market Cap: CN¥400.8b

Provides various banking products and services in the People’s Republic of China and internationally.

Loblaw Companies

Market Cap: CA$78.5b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

NXP Semiconductors

Market Cap: US$57.1b

Provides semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Bank Central Asia

Market Cap: Rp959.5t

Provides commercial banking and other financial services.

Sempra

Market Cap: US$56.5b

Operates as an energy infrastructure company in the United States and internationally.

BOC Hong Kong (Holdings)

Market Cap: HK$441.3b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Standard Chartered

Market Cap: UK£41.6b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Rocket Companies

Market Cap: US$56.3b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

Siemens Healthineers

Market Cap: €47.5b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

KBC Group

Market Cap: €47.2b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Monolithic Power Systems

Market Cap: US$55.4b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Wal-Mart de México. de

Market Cap: Mex$958.3b

Owns and operates self-service stores in Mexico and Central America.

Danone

Market Cap: €46.0b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

E.ON

Market Cap: €45.7b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Allstate

Market Cap: US$53.9b

Provides property and casualty, and other insurance products in the United States and Canada.

People's Insurance Company (Group) of China

Market Cap: HK$420.7b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

Diageo

Market Cap: UK£39.7b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Alimentation Couche-Tard

Market Cap: CA$73.4b

Operates and licenses convenience stores in North America, Europe, and Asia.

Orange

Market Cap: €43.9b

Operates as a telecommunications operator in France and internationally.

Target

Market Cap: US$51.7b

Operates as a general merchandise retailer in the United States.

Holcim

Market Cap: CHF 40.0b

Provides building materials and solutions worldwide.

IDEXX Laboratories

Market Cap: US$51.4b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

MetLife

Market Cap: US$51.1b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق185.6b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

United Overseas Bank

Market Cap: S$63.8b

Provides banking products and services worldwide.

Federal National Mortgage Association

Market Cap: US$50.1b

Provides financing solutions for residential mortgages in the United States.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Cardinal Health

Market Cap: US$49.1b

Operates as a healthcare services and products company in the United States and internationally.

Shanghai Pudong Development Bank

Market Cap: CN¥340.7b

Shanghai Pudong Development Bank Co., Ltd.