Russian Software Defensive Blue Chips

Travelers Companies

Market Cap: US$60.9b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Saudi Telecom

Market Cap: ر.س227.4b

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

Mizuho Financial Group

Market Cap: JP¥8.8t

Engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Canadian Imperial Bank of Commerce

Market Cap: CA$83.1b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Nu Holdings

Market Cap: US$59.6b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Semiconductor Manufacturing International

Market Cap: HK$463.0b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Monster Beverage

Market Cap: US$59.1b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Cencora

Market Cap: US$59.0b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

ACWA Power

Market Cap: ر.س219.2b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Siemens Healthineers

Market Cap: €52.0b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Wal-Mart de México. de

Market Cap: Mex$1.1t

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

Aflac

Market Cap: US$57.8b

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

Life Insurance Corporation of India

Market Cap: ₹4.9t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Barclays

Market Cap: UK£43.4b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Lloyds Banking Group

Market Cap: UK£43.3b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Assicurazioni Generali

Market Cap: €51.0b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

CaixaBank

Market Cap: €50.7b

Provides various banking products and financial services in Spain and internationally.

Crédit Agricole

Market Cap: €50.7b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Oversea-Chinese Banking

Market Cap: S$72.7b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

ANZ Group Holdings

Market Cap: AU$87.2b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Japan Tobacco

Market Cap: JP¥8.1t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Saudi National Bank

Market Cap: ر.س208.1b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Nongfu Spring

Market Cap: HK$430.7b

Researches, develops, produces, and markets packaged drinking water and beverage products primarily in Mainland China.

Allstate

Market Cap: US$54.0b

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

Danone

Market Cap: €47.8b

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.

Manulife Financial

Market Cap: CA$74.6b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Swiss Re

Market Cap: CHF 43.9b

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

América Móvil. de

Market Cap: Mex$1.0t

Provides telecommunications services in Latin America and internationally.

NatWest Group

Market Cap: UK£39.2b

Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.

China CITIC Bank

Market Cap: HK$401.7b

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

MetLife

Market Cap: US$51.5b

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

Truist Financial

Market Cap: US$50.7b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Sempra

Market Cap: US$49.5b

Operates as an energy infrastructure 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.

Heineken

Market Cap: €44.0b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Loblaw Companies

Market Cap: CA$68.5b

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.