Venezuelan Software Defensive Blue Chips

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.7b

Engages in the clean energy business in China.

mBank

Market Cap: zł41.5b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Globe Life

Market Cap: US$11.2b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Jiangsu Yanghe Distillery

Market Cap: CN¥77.3b

Offers liquors and wines.

SK Telecom

Market Cap: ₩16.6t

Engages in the provision of wireless telecommunication services in South Korea.

Arab National Bank

Market Cap: ر.س42.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥77.0b

Yuanjie Semiconductor Technology Co., Ltd.

Webster Financial

Market Cap: US$11.1b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫292.8t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

First Horizon

Market Cap: US$11.1b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

ACM Research (Shanghai)

Market Cap: CN¥76.2b

Engages in the research, development, production, and sale of semiconductor equipment in China.

China Resources Beer (Holdings)

Market Cap: HK$85.8b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

BAWAG Group

Market Cap: €9.5b

Operates as a holding company for BAWAG P.S.K.

Assurant

Market Cap: US$10.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Piraeus Bank

Market Cap: €9.4b

Provides various banking products and services in Greece.

CPFL Energia

Market Cap: R$56.2b

Through its subsidiaries, operates as an energy company in Brazil.

BDO Unibank

Market Cap: ₱649.2b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Amkor Technology

Market Cap: US$10.9b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

KT&G

Market Cap: ₩16.0t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

AltaGas

Market Cap: CA$14.7b

Operates as an energy infrastructure company in North America.

Zhejiang Zheneng Electric Power

Market Cap: CN¥74.2b

Zhejiang Zheneng Electric Power Co., Ltd.

KGI Financial Holding

Market Cap: NT$342.0b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

American Financial Group

Market Cap: US$10.7b

An insurance holding company, provides property and casualty insurance products in the United States.

Sejahteraraya Anugrahjaya

Market Cap: Rp181.8t

Provides medical services in Indonesia.

Dino Polska

Market Cap: zł39.4b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Bank Albilad

Market Cap: ر.س40.1b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Marico

Market Cap: ₹987.9b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Aegon

Market Cap: €9.2b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Alibaba Health Information Technology

Market Cap: HK$83.4b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Tsingtao Brewery

Market Cap: CN¥73.3b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Bank of Chengdu

Market Cap: CN¥73.2b

Provides various commercial banking products and services in China.

Encompass Health

Market Cap: US$10.6b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

United Spirits

Market Cap: ₹981.4b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$82.9b

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