Bermudian Software Defensive Blue Chips

Alpha Bank

Market Cap: €9.2b

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

Interconexión Eléctrica E.S.P

Market Cap: Col$33.6t

Engages in the electric power, roads, and ICT and telecommunications business activities.

SG Micro

Market Cap: CN¥70.3b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

KINGSEMI

Market Cap: CN¥70.1b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

J Sainsbury

Market Cap: UK£7.7b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

United Spirits

Market Cap: ₹997.1b

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

Discovery

Market Cap: R169.9b

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

Globus Medical

Market Cap: US$10.3b

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

Old National Bancorp

Market Cap: US$10.2b

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

Globalstar

Market Cap: US$10.2b

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

Smithfield Foods

Market Cap: US$10.2b

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

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.

OPC Energy

Market Cap: ₪31.1b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Unión de Cervecerías Peruanas Backus y JohnstonA

Market Cap: S/34.5b

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

Old Republic International

Market Cap: US$10.1b

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

Darling Ingredients

Market Cap: US$10.1b

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

Banca Transilvania

Market Cap: RON 46.3b

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

China Taiping Insurance Holdings

Market Cap: HK$78.9b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

SouthState Bank

Market Cap: US$10.0b

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.

OGE Energy

Market Cap: US$10.0b

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

Lotus Bakeries

Market Cap: €8.8b

Provides various snack products in Belgium and internationally.