Spanish Software Defensive Blue Chips

Marks and Spencer Group

Market Cap: UK£7.4b

Operates various retail stores.

Taiwan Mobile

Market Cap: NT$319.1b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Vienna Insurance Group

Market Cap: €8.5b

Engages in providing insurance products and services in Austria and internationally.

Kesko Oyj

Market Cap: €8.5b

Engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland.

Bank Negara Indonesia (Persero)

Market Cap: Rp167.3t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

Onto Innovation

Market Cap: US$10.0b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.