Qatari Software Defensive Blue Chips

Dollar General

Market Cap: US$26.3b

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

National Bank of KuwaitK.P

Market Cap: د.ك8.1b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Aviva

Market Cap: UK£19.3b

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

Kraft Heinz

Market Cap: US$26.2b

Manufactures and markets food and beverage products in North America and internationally.

American Water Works Company

Market Cap: US$26.0b

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

VERBUND

Market Cap: €22.1b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Veeva Systems

Market Cap: US$26.0b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Nestlé India

Market Cap: ₹2.4t

Engages in the manufacture and sale of food products in India and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥176.8b

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

Telefónica

Market Cap: €21.6b

Provides telecommunications services in Europe and Latin America.

Cincinnati Financial

Market Cap: US$25.4b

Provides property casualty insurance products in the United States.

Bank Mandiri (Persero)

Market Cap: Rp433.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

New China Life Insurance

Market Cap: CN¥171.3b

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

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥169.6b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

United Microelectronics

Market Cap: NT$781.1b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Markel Group

Market Cap: US$24.7b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

W. R. Berkley

Market Cap: US$24.7b

An insurance holding company, operates as a commercial line writer worldwide.

AIB Group

Market Cap: €20.9b

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

QBE Insurance Group

Market Cap: AU$34.3b

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

Banco de Crédito del Perú

Market Cap: S/84.3b

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

China Tower

Market Cap: HK$191.6b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Hon. Precision

Market Cap: NT$766.4b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

DexCom

Market Cap: US$24.2b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Terna

Market Cap: €20.5b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Tower Semiconductor

Market Cap: US$24.1b

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

CLP Holdings

Market Cap: HK$188.0b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$119.6b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥161.9b

Inner Mongolia Yili Industrial Group Co., Ltd.

Bunge Global

Market Cap: US$23.7b

Operates as an agribusiness and food company worldwide.

Regions Financial

Market Cap: US$23.7b

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

Banco Santander (Brasil)

Market Cap: R$118.3b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Riyad Bank

Market Cap: ر.س88.9b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.8t

Operates as a trust bank in Japan and internationally.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س88.7b

Provides private health and support services in the Kingdom of Saudi Arabia.

Cellnex Telecom

Market Cap: €20.0b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Humana

Market Cap: US$23.6b

Provides medical and specialty insurance products in the United States.