Latvian Software Defensive Blue Chips

Cincinnati Financial

Market Cap: US$25.6b

Provides property casualty insurance products in the United States.

Aviva

Market Cap: UK£19.3b

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

Banco do Brasil

Market Cap: R$135.6b

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

Snam

Market Cap: €22.2b

Engages in the operation of natural gas transport and storage infrastructure.

DexCom

Market Cap: US$25.1b

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.

Nestlé India

Market Cap: ₹2.3t

Engages in the manufacture and sale of food products in India and internationally.

Casey's General Stores

Market Cap: US$24.9b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Yihai Kerry Arawana Holdings

Market Cap: CN¥171.3b

Engages in the agriculture and food processing businesses in China.

Banca Monte dei Paschi di Siena

Market Cap: €21.7b

Provides retail and commercial banking services in Italy.

Resona Holdings

Market Cap: JP¥3.9t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

BPER Banca

Market Cap: €21.5b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

China Minsheng Banking

Market Cap: CN¥169.3b

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

Markel Group

Market Cap: US$24.5b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Telefônica Brasil

Market Cap: R$129.9b

Operates as a mobile telecommunications company in Brazil.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥168.3b

Inner Mongolia Yili Industrial Group Co., Ltd.

Bunge Global

Market Cap: US$24.3b

Operates as an agribusiness and food company worldwide.

Citizens Financial Group

Market Cap: US$24.2b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Telenor

Market Cap: NOK 235.0b

Operates as a telecommunication company worldwide.

CLP Holdings

Market Cap: HK$185.9b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Public Bank Berhad

Market Cap: RM 92.5b

Provides banking products and services.

United Microelectronics

Market Cap: NT$749.0b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

GLOBALFOUNDRIES

Market Cap: US$23.3b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Banco de Crédito del Perú

Market Cap: S/79.8b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س86.8b

Provides private health and support services in the Kingdom of Saudi Arabia.

Telefónica

Market Cap: €20.2b

Provides telecommunications services in Europe and Latin America.

Nanya Technology

Market Cap: NT$737.5b

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

Brown & Brown

Market Cap: US$23.0b

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

Luzhou LaojiaoLtd

Market Cap: CN¥158.8b

Produces and sells alcoholic products in China and internationally.

China United Network Communications

Market Cap: CN¥158.5b

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

Terna

Market Cap: €20.1b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

ON Semiconductor

Market Cap: US$22.7b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Riyad Bank

Market Cap: ر.س85.2b

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

Cellnex Telecom

Market Cap: €19.8b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Qnity Electronics

Market Cap: US$22.4b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Loews

Market Cap: US$22.3b

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

Dollar Tree

Market Cap: US$22.2b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.