Spanish Software Defensive Blue Chips

Uni-President Enterprises

Market Cap: NT$405.1b

Produces and sells food products in Taiwan and internationally.

Aier Eye Hospital Group

Market Cap: CN¥87.6b

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

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Pinnacle Financial Partners

Market Cap: US$12.7b

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.

Fisher & Paykel Healthcare

Market Cap: NZ$21.9b

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

Samsung Fire & Marine Insurance

Market Cap: ₩19.1t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, 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.

Erie Indemnity

Market Cap: US$12.6b

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

Millicom International Cellular

Market Cap: US$12.5b

Engages in the provision cable and mobile services in Latin America.

Kirin Holdings Company

Market Cap: JP¥2.0t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.6b

Engages in commercial banking business in China.

Brookfield Wealth Solutions

Market Cap: US$12.5b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.0b

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

Xi'an ESWIN Material Technology

Market Cap: CN¥86.4b

Xi'an ESWIN Material Technology Co., Ltd.

Hormel Foods

Market Cap: US$12.5b

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

Harel Insurance Investments & Financial Services

Market Cap: ₪38.9b

Offers insurance and financial services in Israel, Europe, and internationally.

Shenzhen Techwinsemi Technology

Market Cap: CN¥85.9b

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

Amkor Technology

Market Cap: US$12.4b

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

bioMérieux

Market Cap: €10.7b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Industrial Bank of Korea

Market Cap: ₩18.7t

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

CNA Financial

Market Cap: US$12.4b

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

Guangdong Haid Group

Market Cap: CN¥85.6b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Kerry Group

Market Cap: €10.7b

Provides taste and nutrition solutions.

Coca-Cola Consolidated

Market Cap: US$12.3b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Turkiye Garanti Bankasi

Market Cap: ₺547.7b

Provides various banking products and services in Turkey.

mBank

Market Cap: zł45.6b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

TIM

Market Cap: R$64.4b

Engages in the telecommunications sector in Brazil.

Chubu Electric Power Company

Market Cap: JP¥2.0t

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

Centrica

Market Cap: UK£9.1b

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

Suncorp Group

Market Cap: AU$17.5b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Unum Group

Market Cap: US$12.1b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Insurance Australia Group

Market Cap: AU$17.5b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Orkla

Market Cap: NOK 116.4b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Fresenius Medical Care

Market Cap: €10.4b

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

Severn Trent

Market Cap: UK£9.0b

Provides water and wastewater services in the United Kingdom.

Budweiser Brewing Company APAC

Market Cap: HK$94.0b

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