Peruvian Software Defensive Blue Chips

ACM Research (Shanghai)

Market Cap: CN¥187.0b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Amrize

Market Cap: CHF 22.4b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada.

TS Financial Holding

Market Cap: NT$881.5b

Provides various financial products and services.

Willis Towers Watson

Market Cap: US$27.4b

Operates as an advisory, broking, and solutions company worldwide.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 22.1b

Engages in the development, manufacture, and sale of chocolate products worldwide.

JCET Group

Market Cap: CN¥183.8b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥182.8b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

PPL

Market Cap: US$26.9b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

China National Nuclear Power

Market Cap: CN¥182.2b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Banco BPM

Market Cap: €23.6b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

George Weston

Market Cap: CA$37.9b

Provides food and drug retailing, and financial services in Canada.

Fresenius SE KGaA

Market Cap: €23.5b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

QBE Insurance Group

Market Cap: AU$38.5b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Regions Financial

Market Cap: US$26.5b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Dollar General

Market Cap: US$26.2b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Aviva

Market Cap: UK£19.6b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

China Everbright Bank

Market Cap: CN¥177.6b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Koninklijke Philips

Market Cap: €22.9b

Operates as a health technology company in North America, the Greater China, and internationally.

Helvetia Baloise Holding

Market Cap: CHF 21.1b

Engages in life and non-life insurance, and reinsurance business.

BT Group

Market Cap: UK£19.4b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

New China Life Insurance

Market Cap: CN¥176.1b

Provides life insurance products and services to individuals and institutions in China.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

American Water Works Company

Market Cap: US$25.5b

Through its subsidiaries, provides water and wastewater services in the United States.

MTN Group

Market Cap: R418.0b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Banco de Crédito del Perú

Market Cap: S/86.3b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Mediobanca Banca di Credito Finanziario

Market Cap: €22.2b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

BNP Paribas Fortis

Market Cap: €22.2b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

KeyCorp

Market Cap: US$25.1b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Tower Semiconductor

Market Cap: US$25.1b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

China Unicom (Hong Kong)

Market Cap: HK$196.1b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥169.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

AIB Group

Market Cap: €21.9b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

BIWIN Storage Technology

Market Cap: CN¥169.0b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Lasertec

Market Cap: JP¥4.0t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Barito Renewables Energy

Market Cap: Rp452.2t

Generates and sells power through geothermal and wind resources in Indonesia.