Peruvian Software Defensive Blue Chips

Kirin Holdings Company

Market Cap: JP¥2.1t

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

Technoprobe

Market Cap: €11.5b

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

Vodafone Idea

Market Cap: ₹1.2t

Provides mobile telecommunication services in India.

Absa Group

Market Cap: R218.2b

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

Fresenius Medical Care

Market Cap: €11.4b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Sanlam

Market Cap: R216.5b

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

IDBI Bank

Market Cap: ₹1.2t

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

First Financial Holding

Market Cap: NT$423.5b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Mashreqbank PSC

Market Cap: د.إ49.4b

Provides various banking and financial services to individuals and corporates.

BJ's Wholesale Club Holdings

Market Cap: US$13.4b

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

Align Technology

Market Cap: US$13.4b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ49.2b

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

Budweiser Brewing Company APAC

Market Cap: HK$104.4b

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

Lattice Semiconductor

Market Cap: US$13.4b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Helvetia Baloise Holding

Market Cap: CHF 10.3b

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

Orkla

Market Cap: NOK 127.4b

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.

HANMI Semiconductor

Market Cap: ₩19.2t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Penumbra

Market Cap: US$13.3b

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

Uni-President Enterprises

Market Cap: NT$417.1b

Produces and sells food products in Taiwan and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥91.5b

Henan Shuanghui Investment & Development Co.,Ltd.

Italgas

Market Cap: €11.2b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Piotech

Market Cap: CN¥91.4b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

CNA Financial

Market Cap: US$13.2b

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

Severn Trent

Market Cap: UK£9.7b

Provides water and wastewater services in the United Kingdom.

Nova

Market Cap: US$13.1b

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.

RenaissanceRe Holdings

Market Cap: US$13.1b

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

SCREEN Holdings

Market Cap: JP¥2.0t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Hormel Foods

Market Cap: US$13.1b

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

SinoPac Financial Holdings

Market Cap: NT$407.9b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

bioMérieux

Market Cap: €10.9b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Carrefour

Market Cap: €10.9b

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

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫329.3t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Guangdong Haid Group

Market Cap: CN¥88.3b

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

Alibaba Health Information Technology

Market Cap: HK$99.7b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

SK Telecom

Market Cap: ₩18.4t

Engages in the provision of wireless telecommunication services in South Korea.

Banque Saudi Fransi

Market Cap: ر.س47.8b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.