Estonia Software Defensive Blue Chips

Cerebras Systems

Market Cap: US$37.0b

Operates as an artificial intelligence infrastructure company.

Archer-Daniels-Midland

Market Cap: US$36.9b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Hon. Precision

Market Cap: NT$1.2t

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

Japan Post Holdings

Market Cap: JP¥5.9t

Provides postal, banking, and insurance services in Japan.

Huntington Bancshares

Market Cap: US$36.3b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Intact Financial

Market Cap: CA$51.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Hershey

Market Cap: US$35.8b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Hartford Insurance Group

Market Cap: US$35.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Koninklijke Ahold Delhaize

Market Cap: €31.2b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Kroger

Market Cap: US$35.4b

Operates as a food and drug retailer in the United States.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

BIWIN Storage Technology

Market Cap: CN¥235.9b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

M&T Bank

Market Cap: US$34.7b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

KB Financial Group

Market Cap: ₩53.0t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Piotech

Market Cap: CN¥234.1b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł129.5b

Provides various banking products and services in Poland and internationally.

Ajinomoto

Market Cap: JP¥5.5t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Sompo Holdings

Market Cap: JP¥5.5t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

ABN AMRO Bank

Market Cap: €29.6b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Alcon

Market Cap: CHF 26.9b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Prudential

Market Cap: UK£25.1b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Qnity Electronics

Market Cap: US$33.1b

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.

Capitec Bank Holdings

Market Cap: R541.6b

Through its subsidiaries, provides various banking products and services in South Africa.

Arch Capital Group

Market Cap: US$32.8b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Hannover Rück

Market Cap: €28.8b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪97.3b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥220.5b

Yuanjie Semiconductor Technology Co., Ltd.

Vodafone Group

Market Cap: UK£24.3b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Xi'an ESWIN Material Technology

Market Cap: CN¥217.5b

Xi'an ESWIN Material Technology Co., Ltd.

Centene

Market Cap: US$32.0b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

Malayan Banking Berhad

Market Cap: RM 130.6b

Provides commercial banking and related financial products and services.

BPER Banca

Market Cap: €28.1b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Talanx

Market Cap: €28.0b

Provides insurance and reinsurance products and services worldwide.

Shenzhen Techwinsemi Technology

Market Cap: CN¥215.7b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Advanced Info Service

Market Cap: ฿1.0t

Operates as a telecommunications company primarily in Thailand.