Swiss Software Defensive Blue Chips

Ooredoo Q.P.S.C

Market Cap: ر.ق46.7b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

IDBI Bank

Market Cap: ₹1.2t

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

Saputo

Market Cap: CA$17.4b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

RenaissanceRe Holdings

Market Cap: US$12.7b

Provides reinsurance and insurance products in the United States and internationally.

Alibaba Health Information Technology

Market Cap: HK$99.2b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

HANMI Semiconductor

Market Cap: ₩18.5t

Manufactures and sells semiconductor equipment in South Korea and internationally.

First Horizon

Market Cap: US$12.6b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

SinoPac Financial Holdings

Market Cap: NT$398.1b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

ACM Research (Shanghai)

Market Cap: CN¥87.2b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Italgas

Market Cap: €10.6b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Carrefour

Market Cap: €10.5b

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

Technoprobe

Market Cap: €10.5b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Mowi

Market Cap: NOK 118.7b

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

Orkla

Market Cap: NOK 118.6b

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.

Chubu Electric Power Company

Market Cap: JP¥1.9t

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

Suzhou Maxwell Technologies

Market Cap: CN¥85.8b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Severn Trent

Market Cap: UK£9.1b

Provides water and wastewater services in the United Kingdom.

Pro Medicus

Market Cap: AU$17.5b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Acciona

Market Cap: €10.4b

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

BAWAG Group

Market Cap: €10.4b

Operates as a holding company for BAWAG P.S.K.

KT&G

Market Cap: ₩17.9t

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

Suncorp Group

Market Cap: AU$17.2b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Japan Post Insurance

Market Cap: JP¥1.9t

Provides life insurance products and services in Japan.

Insurance Australia Group

Market Cap: AU$17.2b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Banque Saudi Fransi

Market Cap: ر.س45.4b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 9.3b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥83.3b

Engages in commercial banking business in China.

TIM

Market Cap: R$62.6b

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

Phison Electronics

Market Cap: NT$379.8b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Yokohama Financial Group

Market Cap: JP¥1.9t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥83.0b

Offers liquors and wines.

GD Power DevelopmentLtd

Market Cap: CN¥82.9b

Operates as a power generation company in China.

Lattice Semiconductor

Market Cap: US$12.0b

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

JCET Group

Market Cap: CN¥82.7b

Provides integrated-circuit manufacturing and technology services in China and internationally.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.