Venezuelan Software Defensive Blue Chips

Zhejiang Jingsheng Mechanical & Electrical

Market Cap: CN¥71.9b

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd.

Western Alliance Bancorporation

Market Cap: US$10.4b

Operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.

Suntory Beverage & Food

Market Cap: JP¥1.6t

Engages in the manufacture and sale of alcoholic and non-alcoholic beverages, and food products in Japan, the Asia-Pacific, Europe, and the Americas.

ICICI Prudential Life Insurance

Market Cap: ₹931.2b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Guobo Electronics

Market Cap: CN¥71.1b

Engages in the research and development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuit related products in China.

J Sainsbury

Market Cap: UK£7.5b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Pilgrim's Pride

Market Cap: US$10.3b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Lotus Bakeries

Market Cap: €8.6b

Provides various snack products in Belgium and internationally.

BKW

Market Cap: CHF 7.8b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

UMB Financial

Market Cap: US$10.2b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

KGI Financial Holding

Market Cap: NT$320.8b

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

SD Guthrie Berhad

Market Cap: RM 40.0b

Operates as an integrated plantations company in Malaysia and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م92.7b

Provides various telecommunication solutions in Morocco and internationally.

Bank of Chengdu

Market Cap: CN¥70.1b

Provides various commercial banking products and services in China.

Discovery

Market Cap: R161.8b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Petrovietnam Gas

Market Cap: ₫259.9t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Taiwan Mobile

Market Cap: NT$319.1b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Bank Negara Indonesia (Persero)

Market Cap: Rp168.0t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

Shizuoka Financial GroupInc

Market Cap: JP¥1.6t

Provides various banking products and services.

Molson Coors Beverage

Market Cap: US$10.1b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Waaree Energies

Market Cap: ₹910.0b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

KT

Market Cap: ₩14.6t

Provides integrated telecommunications and platform services in South Korea, rest of Asia, and internationally.

Vienna Insurance Group

Market Cap: €8.4b

Engages in providing insurance products and services in Austria and internationally.

Safaricom

Market Cap: KSh1.3t

Provides telecommunication services in Kenya and Ethiopia.

Barry Callebaut

Market Cap: CHF 7.7b

Engages in the manufacture and sale of chocolate and cocoa products in Western Europe, North America, Central and Eastern Europe, Latin America, and internationally.

Phoenix Group Holdings

Market Cap: UK£7.3b

Operates in the long-term savings and retirement business in Europe.

Old National Bancorp

Market Cap: US$10.0b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.