Brazilian Software Defensive Blue Chips

Acciona

Market Cap: €9.9b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

BIWIN Storage Technology

Market Cap: CN¥81.3b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫308.3t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

ASPEED Technology

Market Cap: NT$370.1b

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

Align Technology

Market Cap: US$11.7b

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

China Resources Microelectronics

Market Cap: CN¥81.1b

Engages in the manufacture and sale of semiconductors in China and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$368.5b

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

Orkla

Market Cap: NOK 112.9b

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.

China Taiping Insurance Holdings

Market Cap: HK$90.9b

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

Banque Cantonale Vaudoise

Market Cap: CHF 9.0b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Alpha Bank

Market Cap: €9.8b

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

Sejahteraraya Anugrahjaya

Market Cap: Rp192.0t

Provides medical services in Indonesia.

Admiral Group

Market Cap: UK£8.4b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Global Unichip

Market Cap: NT$362.5b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Shanghai Rural Commercial Bank

Market Cap: CN¥79.5b

Engages in commercial banking business in China.

Komercní banka

Market Cap: Kč236.3b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Manila Electric

Market Cap: ₱676.8b

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

Sanan OptoelectronicsLtd

Market Cap: CN¥79.0b

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

HKT Trust and HKT

Market Cap: HK$88.8b

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.

Almarai

Market Cap: ر.س42.6b

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

King Yuan Electronics

Market Cap: NT$358.9b

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

KT&G

Market Cap: ₩16.4t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

CPFL Energia

Market Cap: R$59.3b

Through its subsidiaries, operates as an energy company in Brazil.

Busy Ming Group

Market Cap: HK$87.8b

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

iA Financial

Market Cap: CA$15.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

China Resources Beer (Holdings)

Market Cap: HK$87.5b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Rockchip Electronics

Market Cap: CN¥77.5b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Globe Life

Market Cap: US$11.2b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

TIM

Market Cap: R$58.7b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Tongfu MicroelectronicsLtd

Market Cap: CN¥77.2b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Lattice Semiconductor

Market Cap: US$11.0b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Guobo Electronics

Market Cap: CN¥76.1b

Engages in the research and development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuit related products in China.

China Zheshang Bank

Market Cap: HK$85.4b

Provides various commercial banking products and services in Mainland China.

Chubu Electric Power Company

Market Cap: JP¥1.7t

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