Chinese Software Defensive Blue Chips

Unum Group

Market Cap: US$11.8b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Suncorp Group

Market Cap: AU$16.7b

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

mBank

Market Cap: zł43.7b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, 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.

Universal Health Services

Market Cap: US$11.8b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Lattice Semiconductor

Market Cap: US$11.7b

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

Tata Consumer Products

Market Cap: ₹1.1t

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

Hong Leong Bank Berhad

Market Cap: RM 46.0b

Operates as a financial services company in Malaysia and internationally.

Great Eastern Holdings

Market Cap: S$15.0b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Busy Ming Group

Market Cap: HK$91.5b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

China Zheshang Bank

Market Cap: HK$91.3b

Provides various commercial banking products and services in Mainland China.

Technoprobe

Market Cap: €10.1b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥79.9b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪35.9b

Offers insurance and financial services in Israel, Europe, and internationally.

James Hardie Industries

Market Cap: AU$16.3b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Ambuja Cements

Market Cap: ₹1.1t

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

Absa Group

Market Cap: R191.1b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Globus Medical

Market Cap: US$11.5b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Celsius Holdings

Market Cap: US$11.5b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

SCREEN Holdings

Market Cap: JP¥1.8t

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

Mashreqbank PSC

Market Cap: د.إ41.9b

Provides various banking and financial services to individuals and corporates.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥78.4b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in 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.

Jiangsu Yanghe Distillery

Market Cap: CN¥78.0b

Offers liquors and wines.

Taiwan Cooperative Financial Holding

Market Cap: NT$361.4b

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

Yuanjie Semiconductor Technology

Market Cap: CN¥77.7b

Yuanjie Semiconductor Technology Co., Ltd.

Manila Electric

Market Cap: ₱670.6b

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

Sanlam

Market Cap: R186.8b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Arab National Bank

Market Cap: ر.س41.8b

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.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.4b

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

T&D Holdings

Market Cap: JP¥1.8t

Through its subsidiaries, provides insurance products and services in Japan.

Chongqing Rural Commercial Bank

Market Cap: HK$86.5b

Provides banking services in the People’s Republic of China.

Jinko Solar

Market Cap: CN¥76.0b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.