Mauritian Software Defensive Blue Chips

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Chubu Electric Power Company

Market Cap: JP¥2.1t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Coca-Cola Consolidated

Market Cap: US$13.0b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Align Technology

Market Cap: US$12.9b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

China Resources Power Holdings

Market Cap: HK$100.9b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Banque Saudi Fransi

Market Cap: ر.س48.2b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

GlobalWafers

Market Cap: NT$413.1b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Origin Energy

Market Cap: AU$18.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥86.1b

Engages in the generation and sale of electricity in China.

Carrefour

Market Cap: €11.1b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Erie Indemnity

Market Cap: US$12.7b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Taiwan Cooperative Financial Holding

Market Cap: NT$409.3b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Etihad Etisalat

Market Cap: ر.س47.3b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Baxter International

Market Cap: US$12.6b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Jerónimo Martins SGPS

Market Cap: €11.0b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Penumbra

Market Cap: US$12.6b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Rockchip Electronics

Market Cap: CN¥84.8b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Webster Financial

Market Cap: US$12.5b

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.

Israel Discount Bank

Market Cap: ₪38.4b

Provides various banking and financial services in Israel, Europe, and North America.

HKT Trust and HKT

Market Cap: HK$97.5b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.4b

Operates membership warehouse clubs on the eastern half of the United States.

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

First Horizon

Market Cap: US$12.3b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

CP ALL

Market Cap: ฿414.4b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Almarai

Market Cap: ر.س46.0b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Nexchip Semiconductor

Market Cap: CN¥82.7b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

SiTime

Market Cap: US$12.2b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥82.2b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Ryan Specialty Holdings

Market Cap: US$12.1b

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.

Tele2

Market Cap: SEK 116.9b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Olympus

Market Cap: JP¥2.0t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

American Financial Group

Market Cap: US$12.0b

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