Bermudian Software Defensive Blue Chips

Old National Bancorp

Market Cap: US$10.3b

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

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

United Spirits

Market Cap: ₹990.7b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Ingenic SemiconductorLtd

Market Cap: CN¥69.5b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

Discovery

Market Cap: R169.5b

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

King Yuan Electronics

Market Cap: NT$330.8b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫269.4t

Provides various banking products and services in Vietnam and internationally.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Globalstar

Market Cap: US$10.2b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Lotus Bakeries

Market Cap: €8.9b

Provides various snack products in Belgium and internationally.

Cullen/Frost Bankers

Market Cap: US$10.2b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Smithfield Foods

Market Cap: US$10.1b

Produces various packaged meats and fresh pork products in the United States and internationally.

Banca Transilvania

Market Cap: RON 46.4b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Old Republic International

Market Cap: US$10.1b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

SouthState Bank

Market Cap: US$10.1b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Unión de Cervecerías Peruanas Backus y JohnstonA

Market Cap: S/34.4b

Unión de Cervecerías Peruanas Backus y Johnston S.A.A.

BIM Birlesik Magazalar

Market Cap: ₺474.3b

Operates retail stores in Turkey, Morocco, and Egypt.

OGE Energy

Market Cap: US$10.1b

Through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

Shree Cement

Market Cap: ₹968.8b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Darling Ingredients

Market Cap: US$10.0b

Develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally.

Alpha Bank

Market Cap: €8.8b

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

Bank of Ayudhya

Market Cap: ฿336.5b

Provides commercial banking products and services to individuals, corporates, small and medium-sized businesses, and financial institutions.

Henry Schein

Market Cap: US$10.0b

Provides health care products and services to office-based dental and medical practitioners worldwide.