Canadian Software Defensive Blue Chips

Markel Group

Market Cap: US$26.1b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

First Citizens BancShares

Market Cap: US$26.0b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

First Solar

Market Cap: US$26.0b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Credicorp

Market Cap: US$25.9b

Provides various financial, insurance, and health services and products in Peru and internationally.

Bank of Jiangsu

Market Cap: CN¥180.6b

Provides various banking products and services in China.

W. R. Berkley

Market Cap: US$25.7b

An insurance holding company, operates as a commercial line writer worldwide.

EnBW Energie Baden-Württemberg

Market Cap: €22.0b

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

China Tower

Market Cap: HK$200.3b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Citizens Financial Group

Market Cap: US$25.7b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

American Water Works Company

Market Cap: US$25.6b

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

Woolworths Group

Market Cap: AU$37.5b

Operates retail stores in Australia and New Zealand.

GlobalFoundries

Market Cap: US$25.5b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

STERIS

Market Cap: US$25.3b

Provides infection prevention products and services worldwide.

BNP Paribas Fortis

Market Cap: €21.6b

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

STMicroelectronics

Market Cap: €21.5b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Veolia Environnement

Market Cap: €21.5b

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

Cincinnati Financial

Market Cap: US$25.1b

Provides property casualty insurance products in the United States.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س93.5b

Provides private health and ancillary services.

Resona Holdings

Market Cap: JP¥3.9t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

VERBUND

Market Cap: €21.2b

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.

Huaneng Lancang River Hydropower

Market Cap: CN¥170.8b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥169.0b

Inner Mongolia Yili Industrial Group Co., Ltd.

BT Group

Market Cap: UK£18.0b

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

ON Semiconductor

Market Cap: US$24.2b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Banco de Crédito del Perú

Market Cap: S/81.1b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Regions Financial

Market Cap: US$24.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

CLP Holdings

Market Cap: HK$186.7b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Federal Home Loan Mortgage

Market Cap: US$23.9b

Operates in the secondary mortgage market in the United States.

Banco Santander (Brasil)

Market Cap: R$127.0b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥165.4b

Produces and sells alcoholic products in China and internationally.

Casey's General Stores

Market Cap: US$23.7b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Sigma Healthcare

Market Cap: AU$34.7b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

KeyCorp

Market Cap: US$23.2b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

China Minsheng Banking

Market Cap: CN¥161.9b

Provides banking products and services in the People's Republic of China.

Banco do Brasil

Market Cap: R$123.0b

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

Yihai Kerry Arawana Holdings

Market Cap: CN¥160.5b

Engages in the agriculture and food processing businesses in China.