Tunisian Software Defensive Blue Chips

Aflac

Market Cap: US$59.0b

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

Wuliangye YibinLtd

Market Cap: CN¥395.4b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Target

Market Cap: US$57.9b

Operates as a general merchandise retailer in the United States.

E.ON

Market Cap: €49.1b

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

Saudi Telecom

Market Cap: ر.س216.1b

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

Life Insurance Corporation of India

Market Cap: ₹5.3t

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

National Bank of Canada

Market Cap: CA$78.3b

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

Industrial Bank

Market Cap: CN¥389.4b

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

Arthur J. Gallagher

Market Cap: US$56.9b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ206.6b

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

Wal-Mart de México. de

Market Cap: Mex$972.3b

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

KBC Group

Market Cap: €47.6b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Allstate

Market Cap: US$55.8b

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.

NXP Semiconductors

Market Cap: US$54.6b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Orange

Market Cap: €45.6b

Operates as a telecommunications operator in France and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ195.2b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Alimentation Couche-Tard

Market Cap: CA$72.3b

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

Holcim

Market Cap: CHF 41.0b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Loblaw Companies

Market Cap: CA$71.3b

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.

Barito Renewables Energy

Market Cap: Rp886.3t

Generates and sells power through geothermal and wind resources in Indonesia.

Danone

Market Cap: €43.6b

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.

Siemens Healthineers

Market Cap: €43.4b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

MetLife

Market Cap: US$50.9b

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

Cardinal Health

Market Cap: US$50.4b

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

Kuwait Finance House K.S.C.P

Market Cap: د.ك15.4b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

NAURA Technology Group

Market Cap: CN¥340.6b

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

Disco

Market Cap: JP¥7.9t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Swiss Re

Market Cap: CHF 38.8b

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

Erste Group Bank

Market Cap: €42.2b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

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.

China Pacific Insurance (Group)

Market Cap: CN¥335.2b

Provides insurance products to in the People’s Republic of China.

United Overseas Bank

Market Cap: S$61.8b

Provides banking products and services worldwide.

Shanghai Pudong Development Bank

Market Cap: CN¥328.4b

Shanghai Pudong Development Bank Co., Ltd.

Ambev

Market Cap: R$239.1b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Federal National Mortgage Association

Market Cap: US$47.4b

Provides financing solutions for residential mortgages in the United States.