German Software Defensive Blue Chips

Brookfield Renewable

Market Cap: US$13.4b

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

ING Bank Slaski

Market Cap: zł47.7b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Ryan Specialty Holdings

Market Cap: US$13.3b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

First Financial Holding

Market Cap: NT$419.9b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Sanlam

Market Cap: R213.9b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Olympus

Market Cap: JP¥2.1t

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

Uni-President Enterprises

Market Cap: NT$418.2b

Produces and sells food products in Taiwan and internationally.

Phison Electronics

Market Cap: NT$416.2b

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

Budweiser Brewing Company APAC

Market Cap: HK$101.5b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Brown-Forman

Market Cap: US$13.0b

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

Suzhou Maxwell Technologies

Market Cap: CN¥90.3b

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

Amkor Technology

Market Cap: US$13.0b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Pro Medicus

Market Cap: AU$18.9b

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.

ageas

Market Cap: €11.0b

Engages in insurance business.

Helvetia Baloise Holding

Market Cap: CHF 10.2b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Reinsurance Group of America

Market Cap: US$12.9b

Provides reinsurance and financial solutions.

Krung Thai Bank

Market Cap: ฿401.8b

Engages in commercial banking business in Thailand and internationally.

Unum Group

Market Cap: US$12.9b

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

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Universal Health Services

Market Cap: US$12.9b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ47.1b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Absa Group

Market Cap: R207.0b

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

Coca-Cola Consolidated

Market Cap: US$12.8b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥88.9b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.4b

Henan Shuanghui Investment & Development Co.,Ltd.

Globus Medical

Market Cap: US$12.7b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Jentech Precision Industrial

Market Cap: NT$399.5b

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

JCET Group

Market Cap: CN¥87.7b

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

Kirin Holdings Company

Market Cap: JP¥2.0t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

BJ's Wholesale Club Holdings

Market Cap: US$12.6b

Operates membership warehouse clubs on the eastern half of the United States.

CNA Financial

Market Cap: US$12.5b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

RenaissanceRe Holdings

Market Cap: US$12.5b

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

BIWIN Storage Technology

Market Cap: CN¥87.1b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Tele2

Market Cap: SEK 112.5b

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

BDO Unibank

Market Cap: ₱736.2b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

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