Danish Software Defensive Blue Chips

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.7t

Operates as a trust bank in Japan and internationally.

Tyson Foods

Market Cap: US$23.0b

Operates as a food company worldwide.

Tower Semiconductor

Market Cap: US$23.0b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Riyad Bank

Market Cap: ر.س86.0b

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

Hua Hong Semiconductor

Market Cap: HK$179.2b

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

Loews

Market Cap: US$22.8b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Brown & Brown

Market Cap: US$22.8b

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

MTN Group

Market Cap: R373.9b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Public Bank Berhad

Market Cap: RM 89.8b

Provides banking products and services.

Yihai Kerry Arawana Holdings

Market Cap: CN¥154.0b

Engages in the agriculture and food processing businesses in China.

Labcorp Holdings

Market Cap: US$22.5b

Provides laboratory services.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ82.5b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Federal Home Loan Mortgage

Market Cap: US$22.4b

Operates in the secondary mortgage market in the United States.

Banco BPM

Market Cap: €19.1b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Coca-Cola FEMSA. de

Market Cap: US$22.2b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Astera Labs

Market Cap: US$22.2b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Luzhou LaojiaoLtd

Market Cap: CN¥150.9b

Produces and sells alcoholic products in China and internationally.

Credo Technology Group Holding

Market Cap: US$22.1b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Coca-Cola HBC

Market Cap: UK£16.3b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

NN Group

Market Cap: €18.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

STERIS

Market Cap: US$21.9b

Provides infection prevention products and services worldwide.

Sigma Healthcare

Market Cap: AU$30.9b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Quest Diagnostics

Market Cap: US$21.9b

Provides diagnostic testing and services in the United States.

Hana Financial Group

Market Cap: ₩32.3t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Koninklijke KPN

Market Cap: €18.4b

Provides telecommunications and information technology (IT) services in the Netherlands.

Coles Group

Market Cap: AU$30.0b

Operates as a retailer in Australia.

CK Infrastructure Holdings

Market Cap: HK$166.2b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

First Solar

Market Cap: US$21.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

JD Health International

Market Cap: HK$164.7b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Nanya Technology

Market Cap: NT$666.2b

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

Arca Continental. de

Market Cap: Mex$362.6b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪63.5b

Provides various banking services in Israel and internationally.

China United Network Communications

Market Cap: CN¥142.6b

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

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a private life insurance company in India.

Heineken Holding

Market Cap: €17.7b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Telia Company

Market Cap: SEK 191.1b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.