Danish Software Defensive Blue Chips

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.

T&D Holdings

Market Cap: JP¥1.8t

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

Lattice Semiconductor

Market Cap: US$11.6b

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

Acciona

Market Cap: €9.9b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Sanan OptoelectronicsLtd

Market Cap: CN¥80.5b

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

Global Unichip

Market Cap: NT$365.2b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

CPFL Energia

Market Cap: R$61.1b

Through its subsidiaries, operates as an energy company in Brazil.

Severn Trent

Market Cap: UK£8.5b

Provides water and wastewater services in the United Kingdom.

Mowi

Market Cap: NOK 113.4b

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

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫302.9t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Admiral Group

Market Cap: UK£8.5b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Rockchip Electronics

Market Cap: CN¥79.9b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Carrefour

Market Cap: €9.8b

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

Banque Cantonale Vaudoise

Market Cap: CHF 9.0b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Industrial Bank of Korea

Market Cap: ₩16.8t

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

IDBI Bank

Market Cap: ₹1.0t

Provides banking and financial solutions to retail and corporate customers in India.

iA Financial

Market Cap: CA$15.7b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Orkla

Market Cap: NOK 111.2b

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.

Komercní banka

Market Cap: Kč231.9b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

HKT Trust and HKT

Market Cap: HK$86.8b

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.

Manila Electric

Market Cap: ₱657.1b

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

Centrica

Market Cap: UK£8.2b

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

Loongson Technology

Market Cap: CN¥77.3b

Engages in the research, development, production, sale, and service of processor chips in China.

National Silicon Industry Group

Market Cap: CN¥77.3b

National Silicon Industry Group Co., Ltd.

King Yuan Electronics

Market Cap: NT$350.3b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.

HANMI Semiconductor

Market Cap: ₩16.2t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Globe Life

Market Cap: US$11.0b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Dino Polska

Market Cap: zł39.5b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

China Zheshang Bank

Market Cap: HK$85.6b

Provides various commercial banking products and services in Mainland China.

American Financial Group

Market Cap: US$11.0b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Chubu Electric Power Company

Market Cap: JP¥1.7t

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

TIM

Market Cap: R$57.4b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

SBI Shinsei Bank

Market Cap: JP¥1.7t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

Buzzi

Market Cap: €9.2b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.