Mexican Software Defensive Blue Chips

Almarai

Market Cap: ر.س43.2b

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

China Resources Microelectronics

Market Cap: CN¥80.1b

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

Rockchip Electronics

Market Cap: CN¥80.0b

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

Piraeus Financial Holdings

Market Cap: €9.9b

Provides banking products and services in Greece and internationally.

Carrefour

Market Cap: €9.9b

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

Arab National Bank

Market Cap: ر.س42.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Technoprobe

Market Cap: €9.8b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥79.3b

Beijing E-Town Semiconductor Technology Co., Ltd.

Manila Electric

Market Cap: ₱676.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Severn Trent

Market Cap: UK£8.5b

Provides water and wastewater services in the United Kingdom.

SBI Shinsei Bank

Market Cap: JP¥1.8t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

Globe Life

Market Cap: US$11.3b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

JCET Group

Market Cap: CN¥78.7b

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

HKT Trust and HKT

Market Cap: HK$88.1b

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.

Industrial Bank of Korea

Market Cap: ₩16.5t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Chandra Daya Investasi

Market Cap: Rp190.4t

Operates as an infrastructure investment holding company.

China Zheshang Bank

Market Cap: HK$87.2b

Provides various commercial banking products and services in Mainland China.

CPFL Energia

Market Cap: R$59.9b

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

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Bank of the Philippine Islands

Market Cap: ₱660.5b

Provides various financial products and services to retail and corporate clients in the Philippines.

Banque Cantonale Vaudoise

Market Cap: CHF 8.9b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Orkla

Market Cap: NOK 111.8b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Shree Cement

Market Cap: ₹994.0b

Engages in the manufacture and sale of cement and clinker in India and internationally.

American Financial Group

Market Cap: US$11.0b

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

Komercní banka

Market Cap: Kč229.8b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Centrica

Market Cap: UK£8.2b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Dino Polska

Market Cap: zł39.8b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

China Resources Beer (Holdings)

Market Cap: HK$85.2b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Buzzi

Market Cap: €9.4b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Bank Permata

Market Cap: Rp183.6t

Provides various banking products and services in Indonesia.

Rambus

Market Cap: US$10.8b

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

Jentech Precision Industrial

Market Cap: NT$340.2b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Marico

Market Cap: ₹972.6b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

National Silicon Industry Group

Market Cap: CN¥75.0b

National Silicon Industry Group Co., Ltd.

Maplebear

Market Cap: US$10.7b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

ICICI Prudential Life Insurance

Market Cap: ₹969.0b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.