Spanish Software Defensive Blue Chips

Acciona

Market Cap: €9.9b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Alpha Bank

Market Cap: €9.9b

Provides various banking and financial products and services in Greece and internationally.

Admiral Group

Market Cap: UK£8.6b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Komercní banka

Market Cap: Kč238.7b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Webster Financial

Market Cap: US$11.6b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

China Taiping Insurance Holdings

Market Cap: HK$90.6b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Manila Electric

Market Cap: ₱677.9b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Sanan OptoelectronicsLtd

Market Cap: CN¥79.9b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

JCET Group

Market Cap: CN¥79.9b

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

China Resources Beer (Holdings)

Market Cap: HK$89.9b

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

Magnum Ice Cream

Market Cap: €9.7b

Engages in ice cream business.

KT&G

Market Cap: ₩16.8t

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

Arab National Bank

Market Cap: ر.س43.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

China Resources Microelectronics

Market Cap: CN¥79.4b

Engages in the manufacture and sale of semiconductors in China and internationally.

Globe Life

Market Cap: US$11.4b

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

HKT Trust and HKT

Market Cap: HK$89.3b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

iA Financial

Market Cap: CA$15.6b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

SBI Shinsei Bank

Market Cap: JP¥1.8t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫299.8t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Jinko Solar

Market Cap: CN¥78.9b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Sejahteraraya Anugrahjaya

Market Cap: Rp192.0t

Provides medical services in Indonesia.

Japan Post Insurance

Market Cap: JP¥1.8t

Provides life insurance products and services in Japan.

Chubu Electric Power Company

Market Cap: JP¥1.8t

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

SK Telecom

Market Cap: ₩16.5t

Engages in the provision of wireless telecommunication services in South Korea.

TIM

Market Cap: R$59.3b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Align Technology

Market Cap: US$11.3b

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

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Lattice Semiconductor

Market Cap: US$11.2b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

China Zheshang Bank

Market Cap: HK$87.1b

Provides various commercial banking products and services in Mainland China.

Almarai

Market Cap: ر.س41.7b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

CPFL Energia

Market Cap: R$58.0b

Through its subsidiaries, operates as an energy company in Brazil.

Yokohama Financial Group

Market Cap: JP¥1.7t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

BIWIN Storage Technology

Market Cap: CN¥76.0b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Tsingtao Brewery

Market Cap: CN¥75.7b

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

ASPEED Technology

Market Cap: NT$345.1b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.