Finnish Software Defensive Blue Chips

Zegona Communications

Market Cap: UK£9.6b

Provides integrated telecommunications services in Spain.

Encompass Health

Market Cap: US$12.7b

Provides post-acute healthcare services in the United States and Puerto Rico.

Brown-Forman

Market Cap: US$12.6b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Reinsurance Group of America

Market Cap: US$12.5b

Provides reinsurance and financial solutions.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.0b

Produces and supplies hydro, wind, and energy electricity in Romania.

Doximity

Market Cap: US$12.5b

Operates as a digital platform for medical professionals in the United States.

James Hardie Industries

Market Cap: AU$19.0b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Fisher & Paykel Healthcare

Market Cap: NZ$21.4b

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

Israel Discount Bank

Market Cap: ₪39.9b

Provides various banking and financial services in Israel, Europe, and North America.

Acciona

Market Cap: €10.6b

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

Union Bank of India

Market Cap: ₹1.1t

Provides banking products and services in India.

Taiwan Cooperative Financial Holding

Market Cap: NT$376.3b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Cochlear

Market Cap: AU$18.7b

Provides implantable hearing solutions for children and adults worldwide.

Insurance Australia Group

Market Cap: AU$18.7b

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

BDO Unibank

Market Cap: ₱712.0b

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

Dino Polska

Market Cap: zł44.2b

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

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥85.5b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Alibaba Health Information Technology

Market Cap: HK$93.3b

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.

Aegon

Market Cap: €10.4b

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

Rambus

Market Cap: US$12.0b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Shanghai Electric Power

Market Cap: CN¥85.2b

Engages in the integration of clean energy, new energy, smart energy technology research and development and application, modern energy supply, and services in China and internationally.

Raiffeisen Bank International

Market Cap: €10.3b

Offers banking services to corporate, private, and institutional customers.

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Chandra Daya Investasi

Market Cap: Rp198.9t

Operates as an infrastructure investment holding company.

CNA Financial

Market Cap: US$11.9b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق43.4b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

BKW

Market Cap: CHF 9.5b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Bank Albilad

Market Cap: ر.س44.6b

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

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

BJ's Wholesale Club Holdings

Market Cap: US$11.8b

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

BB Seguridade Participações

Market Cap: R$63.7b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Hormel Foods

Market Cap: US$11.8b

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

mBank

Market Cap: zł43.3b

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