Mauritian 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.

Aflac

Market Cap: US$59.1b

Through its subsidiaries, provides supplemental health and life insurance products.

NXP Semiconductors

Market Cap: US$58.7b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Monolithic Power Systems

Market Cap: US$58.7b

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.

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.

Wal-Mart de México. de

Market Cap: Mex$1.0t

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

China CITIC Bank

Market Cap: CN¥397.5b

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

Saudi Telecom

Market Cap: ر.س215.6b

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

Loblaw Companies

Market Cap: CA$78.7b

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.

E.ON

Market Cap: €48.4b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, 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$77.6b

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

China Pacific Insurance (Group)

Market Cap: CN¥387.7b

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

Diageo

Market Cap: UK£41.3b

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

Arthur J. Gallagher

Market Cap: US$55.7b

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

Orange

Market Cap: €47.1b

Operates as a telecommunications operator in France and internationally.

Standard Chartered

Market Cap: UK£40.9b

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

KBC Group

Market Cap: €46.8b

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.

Siemens Healthineers

Market Cap: €46.4b

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.

Danone

Market Cap: €46.1b

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.

Allstate

Market Cap: US$53.6b

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

People's Insurance Company (Group) of China

Market Cap: HK$418.0b

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

Bank Central Asia

Market Cap: Rp898.0t

Provides commercial banking and other financial services.

Target

Market Cap: US$52.8b

Operates as a general merchandise retailer in the United States.

Cardinal Health

Market Cap: US$52.8b

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

Becton Dickinson

Market Cap: US$52.8b

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.

Disco

Market Cap: JP¥8.0t

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

MetLife

Market Cap: US$51.6b

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

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.

Holcim

Market Cap: CHF 39.6b

Provides building materials and solutions worldwide.

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.

Teradyne

Market Cap: US$50.9b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

IDEXX Laboratories

Market Cap: US$50.8b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Rocket Companies

Market Cap: US$50.6b

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

United Overseas Bank

Market Cap: S$64.1b

Provides banking products and services worldwide.

National Bank of Canada

Market Cap: CA$69.3b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.