Luxembourg Software Defensive Blue Chips

Magnum Ice Cream

Market Cap: €9.0b

Engages in ice cream business.

Buzzi

Market Cap: €9.0b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Shree Cement

Market Cap: ₹982.1b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Dino Polska

Market Cap: zł37.4b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

American Financial Group

Market Cap: US$10.7b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Apollo Hospitals Enterprise

Market Cap: ₹976.8b

Provides healthcare services in India.

China Resources Beer (Holdings)

Market Cap: HK$83.0b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Maplebear

Market Cap: US$10.6b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

BKW

Market Cap: CHF 8.1b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Petrovietnam Gas

Market Cap: ₫278.2t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Marico

Market Cap: ₹968.2b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Bank Permata

Market Cap: Rp175.8t

Provides various banking products and services in Indonesia.

ASPEED Technology

Market Cap: NT$331.2b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Chandra Daya Investasi

Market Cap: Rp174.8t

Operates as an infrastructure investment holding company.

Tsingtao Brewery

Market Cap: CN¥72.8b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Loongson Technology

Market Cap: CN¥72.8b

Engages in the research, development, production, sale, and service of processor chips in China.

Bank Albilad

Market Cap: ر.س39.2b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Webster Financial

Market Cap: US$10.4b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

KT&G

Market Cap: ₩15.0t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م93.8b

Provides various telecommunication solutions in Morocco and internationally.

Unigroup Guoxin Microelectronics

Market Cap: CN¥72.1b

Unigroup Guoxin Microelectronics Co., Ltd.

Max Healthcare Institute

Market Cap: ₹949.1b

Provides medical and healthcare services in India.

Molina Healthcare

Market Cap: US$10.3b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Onto Innovation

Market Cap: US$10.3b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

Kokusai Electric

Market Cap: JP¥1.6t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Bank of the Philippine Islands

Market Cap: ₱605.5b

Provides various financial products and services to retail and corporate clients in the Philippines.

Far EasTone Telecommunications

Market Cap: NT$322.4b

Engages in the provision of telecommunications and digital application services in Taiwan.

Ensign Group

Market Cap: US$10.2b

Provides skilled nursing, senior living, and rehabilitative services.

SK Telecom

Market Cap: ₩14.8t

Engages in the provision of wireless telecommunication services in South Korea.

Taiwan Mobile

Market Cap: NT$322.1b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Vienna Insurance Group

Market Cap: €8.6b

Engages in providing insurance products and services in Austria and internationally.

Bangkok Dusit Medical Services

Market Cap: ฿317.8b

Operates hospitals in Thailand and internationally.

Millicom International Cellular

Market Cap: US$10.2b

Provides cable and mobile services in Latin America.

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

SD Guthrie Berhad

Market Cap: RM 40.3b

Operates as an integrated plantations company in Malaysia and internationally.

ICICI Prudential Life Insurance

Market Cap: ₹932.3b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.