Russian Software Defensive Blue Chips

Brookfield Renewable

Market Cap: US$14.9b

Owns and operates a portfolio of renewable power and sustainable solution assets.

James Hardie Industries

Market Cap: AU$21.0b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Wens Foodstuff Group

Market Cap: CN¥102.5b

Operates as an agricultural and animal husbandry company in China.

ASR Nederland

Market Cap: €12.5b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

SDIC Power Holdings

Market Cap: CN¥102.3b

Engages in the electricity generation business in China.

Universal Health Services

Market Cap: US$14.7b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Brookfield Wealth Solutions

Market Cap: US$14.7b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Tryg

Market Cap: DKK 92.2b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Erie Indemnity

Market Cap: US$14.6b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Jentech Precision Industrial

Market Cap: NT$458.1b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Xi'an ESWIN Material Technology

Market Cap: CN¥100.2b

Xi'an ESWIN Material Technology Co., Ltd.

Tower Semiconductor

Market Cap: US$14.5b

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

Pinnacle Financial Partners

Market Cap: US$14.5b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

CP ALL

Market Cap: ฿452.3b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Huaneng Power International

Market Cap: HK$112.9b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Reinsurance Group of America

Market Cap: US$14.4b

Provides reinsurance and financial solutions.

Tele2

Market Cap: SEK 129.7b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Industrial Bank of Korea

Market Cap: ₩20.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Bankinter

Market Cap: €12.2b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Krung Thai Bank

Market Cap: ฿450.7b

Engages in commercial banking business in Thailand and internationally.

Origin Energy

Market Cap: AU$20.4b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Etihad Etisalat

Market Cap: ر.س53.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Kirin Holdings Company

Market Cap: JP¥2.2t

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

FinecoBank Banca Fineco

Market Cap: €11.9b

Provides banking, credit, trading and investment services in Italy.

ageas

Market Cap: €11.9b

Engages in insurance business.

Mapfre

Market Cap: €11.8b

Engages in insurance, reinsurance, and financial activities in Spain.

Gjensidige Forsikring

Market Cap: NOK 133.6b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Kerry Group

Market Cap: €11.8b

Provides taste and nutrition solutions.

Brown-Forman

Market Cap: US$13.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Aier Eye Hospital Group

Market Cap: CN¥96.0b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

Coca-Cola Consolidated

Market Cap: US$13.8b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Everest Group

Market Cap: US$13.8b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Indus Towers

Market Cap: ₹1.2t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Phoenix Financial

Market Cap: ₪42.6b

Provides multi-line insurance products in Israel.

Absa Group

Market Cap: R220.2b

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