Emirati Software Defensive Blue Chips

Banque Cantonale Vaudoise

Market Cap: CHF 10.9b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Etihad Etisalat

Market Cap: ر.س50.9b

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

ageas

Market Cap: €11.7b

Engages in insurance business.

Shanghai United Imaging Healthcare

Market Cap: CN¥93.3b

Shanghai United Imaging Healthcare Co., Ltd.

Smith & Nephew

Market Cap: UK£10.1b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Reinsurance Group of America

Market Cap: US$13.4b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Brookfield Renewable

Market Cap: US$13.4b

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

Performance Food Group

Market Cap: US$13.4b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Helvetia Baloise Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Eurobank

Market Cap: €11.5b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

National Bank of Greece

Market Cap: €11.5b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Penumbra

Market Cap: US$13.2b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Mapfre

Market Cap: €11.4b

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

FinecoBank Banca Fineco

Market Cap: €11.4b

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

Everest Group

Market Cap: US$13.1b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Banque Saudi Fransi

Market Cap: ر.س49.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$13.0b

Operates membership warehouse clubs on the eastern half of the United States.

Winbond Electronics

Market Cap: NT$415.8b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Lattice Semiconductor

Market Cap: US$13.0b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

GD Power DevelopmentLtd

Market Cap: CN¥89.5b

Operates as a power generation company in China.

Sonova Holding

Market Cap: CHF 10.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Aier Eye Hospital Group

Market Cap: CN¥89.2b

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

Hippo Valley Estates

Market Cap: US$1.7b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Uni-President Enterprises

Market Cap: NT$409.1b

Produces and sells food products in Taiwan and internationally.

First Financial Holding

Market Cap: NT$409.1b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Phoenix Financial

Market Cap: ₪40.2b

Provides multi-line insurance products in Israel.

RenaissanceRe Holdings

Market Cap: US$12.8b

Provides reinsurance and insurance products in the United States and internationally.

Punjab National Bank

Market Cap: ₹1.2t

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

Pinnacle Financial Partners

Market Cap: US$12.7b

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.

BB Seguridade Participações

Market Cap: R$66.8b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Erie Indemnity

Market Cap: US$12.7b

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

Kirin Holdings Company

Market Cap: JP¥2.0t

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

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Brookfield Wealth Solutions

Market Cap: US$12.7b

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

Align Technology

Market Cap: US$12.6b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Xi'an ESWIN Material Technology

Market Cap: CN¥87.3b

Xi'an ESWIN Material Technology Co., Ltd.