Austrian Software Defensive Blue Chips

bioMérieux

Market Cap: €11.2b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

RenaissanceRe Holdings

Market Cap: US$12.8b

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

Carrefour

Market Cap: €11.1b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Turkiye Garanti Bankasi

Market Cap: ₺563.2b

Provides various banking products and services in Turkey.

Kerry Group

Market Cap: €11.1b

Provides taste and nutrition solutions.

Banque Saudi Fransi

Market Cap: ر.س47.7b

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$12.7b

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

Severn Trent

Market Cap: UK£9.5b

Provides water and wastewater services in the United Kingdom.

CP ALL

Market Cap: ฿409.9b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Saputo

Market Cap: CA$17.3b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

CNA Financial

Market Cap: US$12.6b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Sanan OptoelectronicsLtd

Market Cap: CN¥86.6b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

African Distillers

Market Cap: US$1.6b

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

Fresenius Medical Care

Market Cap: €10.9b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Centrica

Market Cap: UK£9.4b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Uni-President Enterprises

Market Cap: NT$400.6b

Produces and sells food products in Taiwan and internationally.

Brookfield Wealth Solutions

Market Cap: US$12.5b

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

Pinnacle Financial Partners

Market Cap: US$12.5b

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.

Shanghai Rural Commercial Bank

Market Cap: CN¥85.8b

Engages in commercial banking business in China.

Hormel Foods

Market Cap: US$12.5b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$97.0b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Mowi

Market Cap: NOK 119.0b

A seafood company, produces and sells Atlantic salmon products worldwide.

MTN Nigeria Communications

Market Cap: ₦16.7t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Industrial Bank of Korea

Market Cap: ₩18.2t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

ASPEED Technology

Market Cap: NT$389.2b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

TIM

Market Cap: R$63.5b

Engages in the telecommunications sector in Brazil.

Orkla

Market Cap: NOK 117.2b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Ensign Group

Market Cap: US$12.1b

Provides skilled nursing, senior living, and rehabilitative services.

Insurance Australia Group

Market Cap: AU$17.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Millicom International Cellular

Market Cap: US$12.1b

Provides cable and mobile services in Latin America.

HKT Trust and HKT

Market Cap: HK$94.4b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Italgas

Market Cap: €10.5b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.1b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

JCET Group

Market Cap: CN¥81.9b

Provides integrated-circuit manufacturing and technology services in China and internationally.