Cypriot 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.

MTN Nigeria Communications

Market Cap: ₦16.3t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

JCET Group

Market Cap: CN¥81.4b

Provides integrated-circuit manufacturing and technology services in China 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.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

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.

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.

Suncorp Group

Market Cap: AU$16.7b

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

Hong Leong Bank Berhad

Market Cap: RM 45.9b

Operates as a financial services company in Malaysia and internationally.

Phison Electronics

Market Cap: NT$374.6b

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

China Zheshang Bank

Market Cap: HK$91.3b

Provides various commercial banking products and services in Mainland China.

Great Eastern Holdings

Market Cap: S$14.9b

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

Tata Consumer Products

Market Cap: ₹1.1t

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

Technoprobe

Market Cap: €10.1b

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

James Hardie Industries

Market Cap: AU$16.4b

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

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.

Jinko Solar

Market Cap: CN¥78.9b

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

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥78.8b

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

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.

Manila Electric

Market Cap: ₱681.9b

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

Almarai

Market Cap: ر.س42.5b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق41.2b

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

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.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥77.6b

Engages in the generation and sale of electricity in China.

King Yuan Electronics

Market Cap: NT$361.3b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Taiwan Cooperative Financial Holding

Market Cap: NT$360.7b

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

Arab National Bank

Market Cap: ر.س42.0b

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.

Jiangsu Yanghe Distillery

Market Cap: CN¥77.2b

Offers liquors and wines.

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.

T&D Holdings

Market Cap: JP¥1.8t

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

Suzhou Centec Communications

Market Cap: CN¥76.7b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥76.6b

Engages in the clean energy business in China.

Sanlam

Market Cap: R188.1b

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

AltaGas

Market Cap: CA$15.1b

Operates as an energy infrastructure company in North America.