Mexican Software Defensive Blue Chips

Unum Group

Market Cap: US$13.3b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 57.6b

Produces and supplies hydro, wind, and energy electricity in Romania.

ageas

Market Cap: €11.3b

Engages in insurance business.

Helvetia Baloise Holding

Market Cap: CHF 10.5b

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

True Corporation

Market Cap: ฿411.2b

Provides telecommunications and value-added services in Thailand.

Budweiser Brewing Company APAC

Market Cap: HK$101.8b

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

Reinsurance Group of America

Market Cap: US$13.0b

Provides reinsurance and financial solutions.

Coca-Cola Consolidated

Market Cap: US$13.0b

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

Hormel Foods

Market Cap: US$12.9b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

ING Bank Slaski

Market Cap: zł46.6b

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

Amkor Technology

Market Cap: US$12.8b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Tata Consumer Products

Market Cap: ₹1.2t

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

Indus Towers

Market Cap: ₹1.2t

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.

Krung Thai Bank

Market Cap: ฿401.8b

Engages in commercial banking business in Thailand and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.9b

Henan Shuanghui Investment & Development Co.,Ltd.

Origin Energy

Market Cap: AU$19.0b

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.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.5b

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

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Universal Health Services

Market Cap: US$12.6b

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

Guangdong Haid Group

Market Cap: CN¥87.9b

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

BB Seguridade Participações

Market Cap: R$67.3b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.5b

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

IDBI Bank

Market Cap: ₹1.1t

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

GD Power DevelopmentLtd

Market Cap: CN¥86.9b

Operates as a power generation company in China.

RenaissanceRe Holdings

Market Cap: US$12.5b

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

BDO Unibank

Market Cap: ₱738.8b

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

Sanlam

Market Cap: R203.5b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥85.9b

Engages in commercial banking business in China.

CNA Financial

Market Cap: US$12.3b

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

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Brown-Forman

Market Cap: US$12.3b

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

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.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫321.9t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Admiral Group

Market Cap: UK£9.1b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Suncorp Group

Market Cap: AU$18.3b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Align Technology

Market Cap: US$12.2b

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