Portuguese Software Defensive Blue Chips

Aflac

Market Cap: US$58.7b

Through its subsidiaries, provides supplemental health and life insurance products.

Bank Central Asia

Market Cap: Rp992.1t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Becton Dickinson

Market Cap: US$58.5b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

People's Insurance Company (Group) of China

Market Cap: HK$451.7b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

Singapore Telecommunications

Market Cap: S$73.7b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Sempra

Market Cap: US$57.2b

Operates as an energy infrastructure company in the United States and internationally.

Saudi Telecom

Market Cap: ر.س214.0b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

IDEXX Laboratories

Market Cap: US$56.4b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

China CITIC Bank

Market Cap: CN¥394.1b

Provides various banking products and services in the People’s Republic of China and internationally.

Danone

Market Cap: €48.0b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Wal-Mart de México. de

Market Cap: Mex$999.5b

Owns and operates self-service stores in Mexico and Central America.

Shanghai Pudong Development Bank

Market Cap: CN¥384.3b

Shanghai Pudong Development Bank Co., Ltd.

Allstate

Market Cap: US$54.4b

Provides property and casualty, and other insurance products in the United States and Canada.

Standard Chartered

Market Cap: UK£40.4b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

HOYA

Market Cap: JP¥8.5t

A med-tech company, provides high-tech and medical products internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ196.6b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

MetLife

Market Cap: US$53.5b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Holcim

Market Cap: CHF 42.3b

Provides building materials and solutions worldwide.

NAURA Technology Group

Market Cap: CN¥367.0b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

BOC Hong Kong (Holdings)

Market Cap: HK$409.0b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

KBC Group

Market Cap: €44.9b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Loblaw Companies

Market Cap: CA$71.6b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

JAPAN POST BANK

Market Cap: JP¥8.1t

Provides financial products and services in Japan and internationally.

E.ON

Market Cap: €43.6b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ186.0b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Edwards Lifesciences

Market Cap: US$49.8b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Cardinal Health

Market Cap: US$49.5b

Operates as a healthcare services and products company in the United States and internationally.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Alimentation Couche-Tard

Market Cap: CA$68.3b

Operates and licenses convenience stores in North America, Europe, and Asia.

National Bank of Canada

Market Cap: CA$68.3b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق176.4b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Monolithic Power Systems

Market Cap: US$48.2b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

ITC

Market Cap: ₹4.3t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Swiss Re

Market Cap: CHF 37.7b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Heidelberg Materials

Market Cap: €40.5b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Target

Market Cap: US$47.2b

Operates as a general merchandise retailer in the United States.