German Software Defensive Blue Chips

Pinnacle Financial Partners

Market Cap: US$12.8b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Kerry Group

Market Cap: €11.1b

Provides taste and nutrition solutions.

Sanan OptoelectronicsLtd

Market Cap: CN¥88.3b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Fidelity National Financial

Market Cap: US$12.8b

Provides various insurance products in the United States.

Severn Trent

Market Cap: UK£9.5b

Provides water and wastewater services in the United Kingdom.

BB Seguridade Participações

Market Cap: R$66.7b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

CNA Financial

Market Cap: US$12.7b

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

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Erie Indemnity

Market Cap: US$12.7b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Hormel Foods

Market Cap: US$12.7b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

RenaissanceRe Holdings

Market Cap: US$12.6b

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

Budweiser Brewing Company APAC

Market Cap: HK$99.0b

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

Banque Saudi Fransi

Market Cap: ر.س47.5b

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

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Saputo

Market Cap: CA$17.1b

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

Carrefour

Market Cap: €10.9b

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

Industrial Bank of Korea

Market Cap: ₩18.7t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Fresenius Medical Care

Market Cap: €10.9b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Align Technology

Market Cap: US$12.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Centrica

Market Cap: UK£9.3b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Uni-President Enterprises

Market Cap: NT$397.7b

Produces and sells food products in Taiwan and internationally.

Lattice Semiconductor

Market Cap: US$12.4b

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

ASPEED Technology

Market Cap: NT$396.7b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.3b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.2b

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

Ensign Group

Market Cap: US$12.1b

Provides skilled nursing, senior living, and rehabilitative services.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.3b

Engages in commercial banking business in China.

Mowi

Market Cap: NOK 117.3b

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

Mashreqbank PSC

Market Cap: د.إ44.1b

Provides various banking and financial services to individuals and corporates.

Jinko Solar

Market Cap: CN¥82.5b

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

HKT Trust and HKT

Market Cap: HK$93.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland 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.

Chubu Electric Power Company

Market Cap: JP¥1.9t

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

TIM

Market Cap: R$62.6b

Engages in the telecommunications sector in Brazil.

Orkla

Market Cap: NOK 115.5b

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.