Spanish Software Defensive Blue Chips

CNA Financial

Market Cap: US$13.4b

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

Piotech

Market Cap: CN¥92.7b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ49.0b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥92.5b

Henan Shuanghui Investment & Development Co.,Ltd.

Penumbra

Market Cap: US$13.3b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

True Corporation

Market Cap: ฿421.5b

Provides telecommunications and value-added services in Thailand.

Phison Electronics

Market Cap: NT$420.4b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

First Financial Holding

Market Cap: NT$419.9b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Origin Energy

Market Cap: AU$19.1b

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.

RenaissanceRe Holdings

Market Cap: US$13.2b

Provides reinsurance and insurance products in the United States and internationally.

Phoenix Financial

Market Cap: ₪41.1b

Provides multi-line insurance products in Israel.

Tele2

Market Cap: SEK 118.6b

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

Fresenius Medical Care

Market Cap: €11.2b

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

Uni-President Enterprises

Market Cap: NT$416.5b

Produces and sells food products in Taiwan and internationally.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Absa Group

Market Cap: R211.7b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Hippo Valley Estates

Market Cap: US$1.7b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Olympus

Market Cap: JP¥2.0t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Guangdong Haid Group

Market Cap: CN¥90.2b

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

Sanlam

Market Cap: R209.9b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Hong Leong Bank Berhad

Market Cap: RM 51.2b

Operates as a financial services company in Malaysia and internationally.

Indus Towers

Market Cap: ₹1.2t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Universal Health Services

Market Cap: US$12.9b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.9b

Operates membership warehouse clubs on the eastern half of the United States.

Unum Group

Market Cap: US$12.9b

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

Insurance Australia Group

Market Cap: AU$18.5b

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

Alibaba Health Information Technology

Market Cap: HK$100.2b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Coca-Cola Consolidated

Market Cap: US$12.8b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

CP ALL

Market Cap: ฿403.2b

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

Celsius Holdings

Market Cap: US$12.7b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Suncorp Group

Market Cap: AU$18.2b

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

Krung Thai Bank

Market Cap: ฿401.8b

Engages in commercial banking business in Thailand and internationally.

Piraeus Bank

Market Cap: €10.7b

Provides various banking products and services in Greece.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

BDO Unibank

Market Cap: ₱736.2b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Saputo

Market Cap: CA$17.2b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.