Australian Software Defensive Blue Chips

Capitec Bank Holdings

Market Cap: R487.0b

Through its subsidiaries, provides various banking products and services in South Africa.

Bank of Jiangsu

Market Cap: CN¥200.2b

Provides various banking products and services in China.

Shinhan Financial Group

Market Cap: ₩43.3t

Provides financial products and services in South Korea and internationally.

New China Life Insurance

Market Cap: CN¥198.5b

Provides life insurance products and services to individuals and institutions in China.

BT Group

Market Cap: UK£21.5b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

OTP Bank Nyrt

Market Cap: Ft9.7t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

CGN Power

Market Cap: HK$223.2b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥196.1b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥195.3b

Advanced Micro-Fabrication Equipment Inc.

Renesas Electronics

Market Cap: JP¥4.5t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Veolia Environnement

Market Cap: €24.3b

Designs and provides water, waste, and energy management solutions.

Huaneng Lancang River Hydropower

Market Cap: CN¥192.1b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

China Everbright Bank

Market Cap: CN¥191.6b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Willis Towers Watson

Market Cap: US$27.6b

Operates as an advisory, broking, and solutions company worldwide.

BNP Paribas Fortis

Market Cap: €23.7b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Naturgy Energy Group

Market Cap: €23.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

George Weston

Market Cap: CA$37.5b

Provides food and drug retailing, and financial services in Canada.

American Water Works Company

Market Cap: US$27.2b

Through its subsidiaries, provides water and wastewater services in the United States.

Ajinomoto

Market Cap: JP¥4.3t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Koninklijke Philips

Market Cap: €23.4b

Operates as a health technology company in North America, the Greater China, and internationally.

Kraft Heinz

Market Cap: US$26.9b

Manufactures and markets food and beverage products in North America and internationally.

VERBUND

Market Cap: €23.3b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

China National Nuclear Power

Market Cap: CN¥183.9b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Avenue Supermarts

Market Cap: ₹2.5t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ97.4b

Provides banking products and services in the United Arab Emirates and internationally.

Credicorp

Market Cap: US$26.4b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

National Bank of KuwaitK.P

Market Cap: د.ك8.1b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Aviva

Market Cap: UK£19.7b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Nanya Technology

Market Cap: NT$841.3b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Banco do Brasil

Market Cap: R$136.4b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

ABN AMRO Bank

Market Cap: €22.7b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Constellation Brands

Market Cap: US$26.2b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Samsung Life Insurance

Market Cap: ₩39.0t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Gulf Development

Market Cap: ฿844.1b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Bank Mandiri (Persero)

Market Cap: Rp441.1t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.