Canadian Software Defensive Blue Chips

Banque Cantonale Vaudoise

Market Cap: CHF 9.1b

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

IDBI Bank

Market Cap: ₹1.1t

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

Arab National Bank

Market Cap: ر.س43.1b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Almarai

Market Cap: ر.س42.9b

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

Lattice Semiconductor

Market Cap: US$11.4b

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

Aegon

Market Cap: €9.7b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Phoenix Financial

Market Cap: ₪35.9b

Provides multi-line insurance products in Israel.

Mowi

Market Cap: NOK 113.2b

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

Carrefour

Market Cap: €9.7b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

iA Financial

Market Cap: CA$15.6b

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

Industrial Bank of Korea

Market Cap: ₩16.5t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Acciona

Market Cap: €9.6b

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

CPFL Energia

Market Cap: R$59.7b

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

HKT Trust and HKT

Market Cap: HK$87.1b

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.

Japan Post Insurance

Market Cap: JP¥1.8t

Provides life insurance products and services in Japan.

HANMI Semiconductor

Market Cap: ₩16.3t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Centrica

Market Cap: UK£8.3b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

National Silicon Industry Group

Market Cap: CN¥77.5b

National Silicon Industry Group Co., Ltd.

Global Unichip

Market Cap: NT$351.8b

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.

Sanan OptoelectronicsLtd

Market Cap: CN¥77.4b

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

Komercní banka

Market Cap: Kč230.6b

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

Chandra Daya Investasi

Market Cap: Rp187.9t

Operates as an infrastructure investment holding company.

Manila Electric

Market Cap: ₱654.8b

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

China Zheshang Bank

Market Cap: HK$86.0b

Provides various commercial banking products and services in Mainland China.

Orkla

Market Cap: NOK 109.7b

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.

American Financial Group

Market Cap: US$11.0b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Bank Permata

Market Cap: Rp185.4t

Provides various banking products and services in Indonesia.

TIM

Market Cap: R$58.0b

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

Globe Life

Market Cap: US$10.9b

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

China Taiping Insurance Holdings

Market Cap: HK$84.7b

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

Dino Polska

Market Cap: zł38.9b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Shree Cement

Market Cap: ₹987.5b

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

SCREEN Holdings

Market Cap: JP¥1.7t

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

Chubu Electric Power Company

Market Cap: JP¥1.7t

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

Onto Innovation

Market Cap: US$10.7b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

China Resources Beer (Holdings)

Market Cap: HK$83.6b

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