Bermudian Software Defensive Blue Chips

Align Technology

Market Cap: US$12.1b

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

Sanan OptoelectronicsLtd

Market Cap: CN¥82.9b

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

Chubu Electric Power Company

Market Cap: JP¥1.9t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Italgas

Market Cap: €10.4b

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

Hong Leong Bank Berhad

Market Cap: RM 47.3b

Operates as a financial services company in Malaysia and internationally.

Absa Group

Market Cap: R197.7b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Orkla

Market Cap: NOK 115.7b

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.

Mowi

Market Cap: NOK 115.6b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Technoprobe

Market Cap: €10.3b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Shanghai Rural Commercial Bank

Market Cap: CN¥82.2b

Engages in commercial banking business in China.

ASPEED Technology

Market Cap: NT$380.1b

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

Unum Group

Market Cap: US$11.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥81.8b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Busy Ming Group

Market Cap: HK$93.0b

Through its subsidiaries, operates as a food and beverage retailer in China.

HKT Trust and HKT

Market Cap: HK$92.4b

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.

Great Eastern Holdings

Market Cap: S$15.1b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

King Yuan Electronics

Market Cap: NT$374.2b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.

T&D Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, provides insurance products and services in Japan.

Globus Medical

Market Cap: US$11.7b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Brown-Forman

Market Cap: US$11.7b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

SCREEN Holdings

Market Cap: JP¥1.9t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

MTN Nigeria Communications

Market Cap: ₦16.2t

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

Insurance Australia Group

Market Cap: AU$16.2b

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

China Zheshang Bank

Market Cap: HK$90.7b

Provides various commercial banking products and services in Mainland China.

Almarai

Market Cap: ر.س43.4b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Celsius Holdings

Market Cap: US$11.6b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

Suncorp Group

Market Cap: AU$16.1b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Taiwan Cooperative Financial Holding

Market Cap: NT$365.4b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Manila Electric

Market Cap: ₱681.9b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.6b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥78.5b

Engages in the generation and sale of electricity in China.

Universal Health Services

Market Cap: US$11.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Vodafone Idea

Market Cap: ₹1.1t

Provides mobile telecommunication services in India.