Spanish Software Defensive Blue Chips

Ambuja Cements

Market Cap: ₹1.0t

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥76.5b

Engages in the clean energy business in China.

Busy Ming Group

Market Cap: HK$86.4b

Through its subsidiaries, operates as a food and beverage retailer in China.

King Yuan Electronics

Market Cap: NT$352.8b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Jiangsu Yanghe Distillery

Market Cap: CN¥75.4b

Offers liquors and wines.

Sanlam

Market Cap: R182.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

BDO Unibank

Market Cap: ₱650.8b

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

KGI Financial Holding

Market Cap: NT$345.4b

Operates as a financial company in Taiwan and internationally.

Assurant

Market Cap: US$10.8b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Globe Life

Market Cap: US$10.8b

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

Bank Albilad

Market Cap: ر.س40.4b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

AltaGas

Market Cap: CA$14.8b

Operates as an energy infrastructure company in North America.

Zhejiang Zheneng Electric Power

Market Cap: CN¥73.9b

Zhejiang Zheneng Electric Power Co., Ltd.

First Horizon

Market Cap: US$10.7b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

MTN Nigeria Communications

Market Cap: ₦14.7t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Sejahteraraya Anugrahjaya

Market Cap: Rp180.3t

Provides medical services in Indonesia.

Far EasTone Telecommunications

Market Cap: NT$338.9b

Engages in the provision of telecommunications and digital application services in Taiwan.

American Financial Group

Market Cap: US$10.6b

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

Brown-Forman

Market Cap: US$10.6b

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

Tsingtao Brewery

Market Cap: CN¥73.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Zimre Holdings

Market Cap: US$1.4b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

JCET Group

Market Cap: CN¥72.7b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫277.3t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Aegon

Market Cap: €9.1b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Technoprobe

Market Cap: €9.1b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

China Resources Beer (Holdings)

Market Cap: HK$82.3b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

KT&G

Market Cap: ₩15.7t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Bank of Chengdu

Market Cap: CN¥72.1b

Provides various commercial banking products and services in China.

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Onto Innovation

Market Cap: US$10.4b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

ACM Research (Shanghai)

Market Cap: CN¥71.9b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Vodafone Idea

Market Cap: ₹979.4b

Provides mobile telecommunication services in India.

Marico

Market Cap: ₹979.0b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Global Unichip

Market Cap: NT$331.7b

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.

Dino Polska

Market Cap: zł38.1b

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

Taiwan Mobile

Market Cap: NT$329.7b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.