German Software Defensive Blue Chips

GLOBALFOUNDRIES

Market Cap: US$25.9b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Nestlé India

Market Cap: ₹2.4t

Engages in the manufacture and sale of food products in India and internationally.

Gulf Development

Market Cap: ฿814.2b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Cincinnati Financial

Market Cap: US$25.6b

Provides property casualty insurance products in the United States.

Resona Holdings

Market Cap: JP¥4.1t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

VERBUND

Market Cap: €22.1b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

BPER Banca

Market Cap: €22.1b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Casey's General Stores

Market Cap: US$25.5b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

China Tower

Market Cap: HK$199.1b

Provides telecommunication tower infrastructure services in the People's Republic of China.

W. R. Berkley

Market Cap: US$25.4b

An insurance holding company, operates as a commercial line writer worldwide.

EnBW Energie Baden-Württemberg

Market Cap: €21.9b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Citizens Financial Group

Market Cap: US$25.0b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Snam

Market Cap: €21.5b

Engages in the operation of natural gas transport and storage infrastructure.

Nanya Technology

Market Cap: NT$787.1b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Markel Group

Market Cap: US$24.8b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

China Minsheng Banking

Market Cap: CN¥169.8b

Provides banking products and services in the People's Republic of China.

United Microelectronics

Market Cap: NT$783.0b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Hon. Precision

Market Cap: NT$778.2b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥166.6b

Inner Mongolia Yili Industrial Group Co., Ltd.

Yihai Kerry Arawana Holdings

Market Cap: CN¥166.1b

Engages in the agriculture and food processing businesses in China.

Telenor

Market Cap: NOK 233.2b

Operates as a telecommunication company worldwide.

Qnity Electronics

Market Cap: US$23.9b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

CLP Holdings

Market Cap: HK$185.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

ON Semiconductor

Market Cap: US$23.5b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Public Bank Berhad

Market Cap: RM 91.7b

Provides banking products and services.

AIB Group

Market Cap: €20.2b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Banco Santander (Brasil)

Market Cap: R$120.5b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Brown & Brown

Market Cap: US$23.3b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Banco de Crédito del Perú

Market Cap: S/79.8b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Dollar Tree

Market Cap: US$23.2b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س87.0b

Provides private health and support services in the Kingdom of Saudi Arabia.

Bunge Global

Market Cap: US$23.2b

Operates as an agribusiness and food company worldwide.

Regions Financial

Market Cap: US$23.1b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Riyad Bank

Market Cap: ر.س86.3b

Provides banking and investment services in the Kingdom of Saudi Arabia.

China United Network Communications

Market Cap: CN¥157.6b

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

Hua Hong Semiconductor

Market Cap: HK$179.4b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.