Mexican Software Defensive Blue Chips

Helvetia Baloise Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

True Corporation

Market Cap: ฿414.6b

Provides telecommunications and value-added services in Thailand.

ageas

Market Cap: €11.4b

Engages in insurance business.

Brookfield Renewable

Market Cap: US$13.2b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Reinsurance Group of America

Market Cap: US$13.0b

Provides reinsurance and financial solutions.

China Resources Microelectronics

Market Cap: CN¥90.5b

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

Budweiser Brewing Company APAC

Market Cap: HK$101.1b

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

Tata Consumer Products

Market Cap: ₹1.2t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Vodafone Idea

Market Cap: ₹1.2t

Provides mobile telecommunication services in India.

Coca-Cola Consolidated

Market Cap: US$12.9b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

BDO Unibank

Market Cap: ₱761.7b

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

Krung Thai Bank

Market Cap: ฿401.8b

Engages in commercial banking business in Thailand and internationally.

ING Bank Slaski

Market Cap: zł46.4b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.8b

Henan Shuanghui Investment & Development Co.,Ltd.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.7b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Sanlam

Market Cap: R208.1b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

RenaissanceRe Holdings

Market Cap: US$12.6b

Provides reinsurance and insurance products in the United States and internationally.

Brown-Forman

Market Cap: US$12.6b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥87.9b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Indus Towers

Market Cap: ₹1.1t

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.

Guangdong Haid Group

Market Cap: CN¥87.8b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

BB Seguridade Participações

Market Cap: R$67.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Origin Energy

Market Cap: AU$18.8b

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.

BJ's Wholesale Club Holdings

Market Cap: US$12.6b

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

CNA Financial

Market Cap: US$12.5b

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

Universal Health Services

Market Cap: US$12.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Phison Electronics

Market Cap: NT$393.3b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

JCET Group

Market Cap: CN¥86.6b

Provides integrated-circuit manufacturing and technology services in China and internationally.

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

Globus Medical

Market Cap: US$12.4b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

BIWIN Storage Technology

Market Cap: CN¥86.0b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Absa Group

Market Cap: R201.5b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Kirin Holdings Company

Market Cap: JP¥1.9t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Penumbra

Market Cap: US$12.3b

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

Nova

Market Cap: US$12.2b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.