Swiss Software Defensive Blue Chips

S.P.E.E.H. Hidroelectrica

Market Cap: RON 63.8b

Produces and supplies hydro, wind, and energy electricity in Romania.

Smith & Nephew

Market Cap: UK£10.9b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺648.9b

Provides various banking products and services in Turkey.

China Jushi

Market Cap: CN¥102.7b

Engages in the manufacture and sale of fiberglass and related products in China and internationally.

Metro

Market Cap: CA$20.2b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

ASR Nederland

Market Cap: €12.5b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Kerry Group

Market Cap: €12.4b

Provides taste and nutrition solutions.

Brookfield Wealth Solutions

Market Cap: US$14.7b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

True Corporation

Market Cap: ฿456.1b

Provides telecommunications and value-added services in Thailand.

Kasikornbank

Market Cap: ฿453.7b

Provides commercial banking products and services in Thailand and internationally.

FinecoBank Banca Fineco

Market Cap: €12.3b

Provides banking, credit, trading and investment services in Italy.

Jentech Precision Industrial

Market Cap: NT$458.1b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Erie Indemnity

Market Cap: US$14.6b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Gjensidige Forsikring

Market Cap: NOK 137.9b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Brookfield Renewable

Market Cap: US$14.6b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Canara Bank

Market Cap: ₹1.3t

Provides various banking products and services in India and internationally.

Tryg

Market Cap: DKK 91.2b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Xi'an ESWIN Material Technology

Market Cap: CN¥100.1b

Xi'an ESWIN Material Technology Co., Ltd.

Tele2

Market Cap: SEK 128.4b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Aier Eye Hospital Group

Market Cap: CN¥99.6b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

Huaneng Power International

Market Cap: HK$112.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

BB Seguridade Participações

Market Cap: R$74.2b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Reinsurance Group of America

Market Cap: US$14.3b

Provides reinsurance and financial solutions.

CP ALL

Market Cap: ฿441.1b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Olympus

Market Cap: JP¥2.2t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Performance Food Group

Market Cap: US$14.1b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Nova

Market Cap: US$14.1b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Align Technology

Market Cap: US$14.1b

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

Mapfre

Market Cap: €11.8b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Origin Energy

Market Cap: AU$19.7b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Etihad Etisalat

Market Cap: ر.س52.7b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Krung Thai Bank

Market Cap: ฿433.3b

Engages in commercial banking business in Thailand and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$23.1b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Brown-Forman

Market Cap: US$13.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

ageas

Market Cap: €11.7b

Engages in insurance business.