Spanish Software Defensive Blue Chips

ING Bank Slaski

Market Cap: zł52.8b

Provides various banking products and services for retail clients and businesses in Poland.

True Corporation

Market Cap: ฿463.0b

Provides telecommunications and value-added services in Thailand.

Wens Foodstuff Group

Market Cap: CN¥102.5b

Operates as an agricultural and animal husbandry company in China.

SDIC Power Holdings

Market Cap: CN¥102.3b

Engages in the electricity generation business in China.

Kasikornbank

Market Cap: ฿459.6b

Provides commercial banking products and services in Thailand and internationally.

Pinnacle Financial Partners

Market Cap: US$14.7b

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.

Brookfield Renewable

Market Cap: US$14.7b

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

Erie Indemnity

Market Cap: US$14.7b

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

Origin Energy

Market Cap: AU$20.7b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

ASR Nederland

Market Cap: €12.3b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Jentech Precision Industrial

Market Cap: NT$458.1b

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

Tele2

Market Cap: SEK 129.8b

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

BB Seguridade Participações

Market Cap: R$75.6b

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

Reinsurance Group of America

Market Cap: US$14.5b

Provides reinsurance and financial solutions.

Xi'an ESWIN Material Technology

Market Cap: CN¥100.2b

Xi'an ESWIN Material Technology Co., Ltd.

Tryg

Market Cap: DKK 91.2b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Universal Health Services

Market Cap: US$14.5b

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

Industrial Bank of Korea

Market Cap: ₩20.9t

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

Huaneng Power International

Market Cap: HK$112.6b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.4b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Bankinter

Market Cap: €12.1b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

FinecoBank Banca Fineco

Market Cap: €12.0b

Provides banking, credit, trading and investment services in Italy.

Canara Bank

Market Cap: ₹1.3t

Provides various banking products and services in India and internationally.

Performance Food Group

Market Cap: US$14.2b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Align Technology

Market Cap: US$14.2b

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

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Nova

Market Cap: US$14.1b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

CP ALL

Market Cap: ฿438.9b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Brown-Forman

Market Cap: US$14.1b

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

Gjensidige Forsikring

Market Cap: NOK 133.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Etihad Etisalat

Market Cap: ر.س52.5b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Mapfre

Market Cap: €11.8b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Fisher & Paykel Healthcare

Market Cap: NZ$23.1b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥96.0b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

Amkor Technology

Market Cap: US$13.9b

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

Phoenix Financial

Market Cap: ₪42.8b

Provides multi-line insurance products in Israel.