Cypriot Software Defensive Blue Chips

GigaDevice Semiconductor

Market Cap: CN¥194.4b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Sampo Oyj

Market Cap: €24.1b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Capitec Bank Holdings

Market Cap: R475.0b

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

Willis Towers Watson

Market Cap: US$27.7b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥191.0b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

China Unicom (Hong Kong)

Market Cap: HK$216.6b

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

Dollar General

Market Cap: US$27.6b

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

BNP Paribas Fortis

Market Cap: €23.7b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

China National Nuclear Power

Market Cap: CN¥188.0b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥187.5b

Advanced Micro-Fabrication Equipment Inc.

Renesas Electronics

Market Cap: JP¥4.3t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

BT Group

Market Cap: UK£20.2b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Naturgy Energy Group

Market Cap: €23.3b

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

China Everbright Bank

Market Cap: CN¥186.4b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

George Weston

Market Cap: CA$37.0b

Provides food and drug retailing, and financial services in Canada.

Veolia Environnement

Market Cap: €23.2b

Designs and provides water, waste, and energy management solutions.

Samsung Life Insurance

Market Cap: ₩39.9t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

American Water Works Company

Market Cap: US$26.5b

Through its subsidiaries, provides water and wastewater services in the United States.

Constellation Brands

Market Cap: US$26.4b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

New China Life Insurance

Market Cap: CN¥181.1b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥181.1b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Credicorp

Market Cap: US$26.2b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Avenue Supermarts

Market Cap: ₹2.4t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

National Bank of KuwaitK.P

Market Cap: د.ك8.0b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp441.1t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Ajinomoto

Market Cap: JP¥4.1t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

VERBUND

Market Cap: €22.4b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

EnBW Energie Baden-Württemberg

Market Cap: €22.3b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €22.3b

Provides retail and commercial banking services in Italy.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ94.6b

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

Banco do Brasil

Market Cap: R$135.0b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Koninklijke Philips

Market Cap: €22.0b

Operates as a health technology company in North America, the Greater China, and internationally.

ABN AMRO Bank

Market Cap: €22.0b

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

DexCom

Market Cap: US$25.4b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Gulf Development

Market Cap: ฿825.4b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Aviva

Market Cap: UK£18.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.