Global Software Defensive Blue Chips

Wuliangye YibinLtd

Market Cap: CN¥411.7b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Saudi Telecom

Market Cap: ر.س223.4b

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

Société Générale Société anonyme

Market Cap: €50.1b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

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.

BOC Hong Kong (Holdings)

Market Cap: HK$457.6b

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

Loblaw Companies

Market Cap: CA$79.6b

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.

Wal-Mart de México. de

Market Cap: Mex$1.0t

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

E.ON

Market Cap: €48.5b

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

China CITIC Bank

Market Cap: CN¥395.6b

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

Industrial Bank

Market Cap: CN¥391.3b

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

Alimentation Couche-Tard

Market Cap: CA$76.8b

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

Monolithic Power Systems

Market Cap: US$56.3b

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.

China Pacific Insurance (Group)

Market Cap: CN¥384.9b

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

Diageo

Market Cap: UK£40.6b

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

Danone

Market Cap: €46.3b

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.

Orange

Market Cap: €45.6b

Operates as a telecommunications operator in France and internationally.

Allstate

Market Cap: US$53.7b

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

Siemens Healthineers

Market Cap: €45.2b

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: €44.9b

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.

People's Insurance Company (Group) of China

Market Cap: HK$414.3b

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

Standard Chartered

Market Cap: UK£38.7b

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

Arthur J. Gallagher

Market Cap: US$52.6b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Bank Central Asia

Market Cap: Rp885.7t

Provides commercial banking and other financial services.

Disco

Market Cap: JP¥7.9t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Heineken

Market Cap: €43.4b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Target

Market Cap: US$51.0b

Operates as a general merchandise retailer in the United States.

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

Market Cap: ر.ق185.9b

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

NAURA Technology Group

Market Cap: CN¥352.4b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

MetLife

Market Cap: US$50.7b

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

Becton Dickinson

Market Cap: US$50.6b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Cardinal Health

Market Cap: US$50.6b

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

United Overseas Bank

Market Cap: S$63.5b

Provides banking products and services worldwide.

Rocket Companies

Market Cap: US$50.0b

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

Swiss Re

Market Cap: CHF 38.2b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ181.8b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

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.