Peruvian Software Defensive Blue Chips

African Distillers

Market Cap: US$1.4b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Ryan Specialty Holdings

Market Cap: US$10.9b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Dino Polska

Market Cap: zł39.0b

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

Komercní banka

Market Cap: Kč223.6b

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

Bangkok Bank

Market Cap: ฿337.9b

Provides various commercial banking products and services in Thailand and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥75.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

American Financial Group

Market Cap: US$10.9b

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

Bank of the Philippine Islands

Market Cap: ₱627.2b

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

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

China Resources Beer (Holdings)

Market Cap: HK$84.3b

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

United Spirits

Market Cap: ₹979.4b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Onto Innovation

Market Cap: US$10.7b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Encompass Health

Market Cap: US$10.7b

Provides post-acute healthcare services in the United States and Puerto Rico.

SiTime

Market Cap: US$10.7b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

J Sainsbury

Market Cap: UK£7.9b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Tongfu MicroelectronicsLtd

Market Cap: CN¥73.6b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

ICICI Lombard General Insurance

Market Cap: ₹964.6b

Provides various general insurance products and services in India.

Tsingtao Brewery

Market Cap: CN¥73.1b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Shree Cement

Market Cap: ₹956.5b

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

Suzhou Centec Communications

Market Cap: CN¥72.8b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

Global Unichip

Market Cap: NT$331.7b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Olympus

Market Cap: JP¥1.6t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Far EasTone Telecommunications

Market Cap: NT$331.4b

Engages in the provision of telecommunications and digital application services in Taiwan.

Akbank T.A.S

Market Cap: ₺459.4b

Provides various banking products and services in Turkey and internationally.

Buzzi

Market Cap: €8.9b

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

Wintrust Financial

Market Cap: US$10.5b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Chongqing Rural Commercial Bank

Market Cap: HK$81.8b

Provides banking services in the People’s Republic of China.

Bank Albilad

Market Cap: ر.س39.1b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Caixa Seguridade Participações

Market Cap: R$53.9b

Provides various life and non-life insurance products in Brazil.

ICICI Prudential Life Insurance

Market Cap: ₹943.3b

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

SD Guthrie Berhad

Market Cap: RM 40.5b

Operates as an integrated plantations company in Malaysia and internationally.

Phoenix Group Holdings

Market Cap: UK£7.7b

Operates in the long-term savings and retirement business in Europe.

iA Financial

Market Cap: CA$14.2b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

KGI Financial Holding

Market Cap: NT$326.8b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.