Latvian Software Defensive Blue Chips

Safaricom

Market Cap: KSh1.5t

Provides telecommunication services in Kenya and Ethiopia.

BUA Foods

Market Cap: ₦15.2t

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

Ryan Specialty Holdings

Market Cap: US$11.2b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Encompass Health

Market Cap: US$11.2b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Saputo

Market Cap: CA$15.7b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Hong Leong Bank Berhad

Market Cap: RM 45.5b

Operates as a financial services company in Malaysia and internationally.

Mowi

Market Cap: NOK 106.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥74.9b

Engages in the clean energy business in China.

Popular

Market Cap: US$11.1b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Budweiser Brewing Company APAC

Market Cap: HK$86.8b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

ROHM

Market Cap: JP¥1.7t

Manufactures and sells electronic components worldwide.

Globus Medical

Market Cap: US$11.1b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Bangkok Bank

Market Cap: ฿368.4b

Provides various commercial banking products and services in Thailand and internationally.

Wintrust Financial

Market Cap: US$11.0b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Rambus

Market Cap: US$10.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Discovery

Market Cap: R176.9b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

BDO Unibank

Market Cap: ₱659.5b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Maplebear

Market Cap: US$10.7b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

China Resources Microelectronics

Market Cap: CN¥71.9b

Engages in the manufacture and sale of semiconductors in China and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Quebecor

Market Cap: CA$14.9b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Orkla

Market Cap: NOK 101.0b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫276.6t

Provides various banking products and services in Vietnam and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$82.4b

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

Cullen/Frost Bankers

Market Cap: US$10.5b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Beijing YanDong MicroElectronic

Market Cap: CN¥70.9b

Beijing YanDong MicroElectronic Co., Ltd.

Vienna Insurance Group

Market Cap: €9.1b

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

Zions Bancorporation National Association

Market Cap: US$10.5b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

SouthState Bank

Market Cap: US$10.5b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

J Sainsbury

Market Cap: UK£7.8b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Busy Ming Group

Market Cap: HK$81.7b

Through its subsidiaries, operates as a food and beverage retailer in China.

CPFL Energia

Market Cap: R$53.4b

Through its subsidiaries, operates as an energy company in Brazil.

Lotus Bakeries

Market Cap: €9.0b

Provides various snack products in Belgium and internationally.