Global Software Defensive Blue Chips

Shanghai United Imaging Healthcare

Market Cap: CN¥92.5b

Shanghai United Imaging Healthcare Co., Ltd.

Helvetia Baloise Holding

Market Cap: CHF 10.7b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Brookfield Renewable

Market Cap: US$13.4b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Mapfre

Market Cap: €11.6b

Engages in insurance, reinsurance, and financial activities in Spain.

Eurobank

Market Cap: €11.6b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

ASPEED Technology

Market Cap: NT$424.1b

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

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Yuanjie Semiconductor Technology

Market Cap: CN¥91.0b

Yuanjie Semiconductor Technology Co., Ltd.

FinecoBank Banca Fineco

Market Cap: €11.5b

Provides banking, credit, trading and investment services in Italy.

Penumbra

Market Cap: US$13.2b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥90.8b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Sonova Holding

Market Cap: CHF 10.5b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

National Bank of Greece

Market Cap: €11.4b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Winbond Electronics

Market Cap: NT$418.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Performance Food Group

Market Cap: US$13.0b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Reinsurance Group of America

Market Cap: US$13.0b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Aier Eye Hospital Group

Market Cap: CN¥90.0b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

Banque Saudi Fransi

Market Cap: ر.س48.8b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Erie Indemnity

Market Cap: US$13.0b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

BJ's Wholesale Club Holdings

Market Cap: US$12.9b

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

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.

Everest Group

Market Cap: US$12.8b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Uni-President Enterprises

Market Cap: NT$408.5b

Produces and sells food products in Taiwan and internationally.

Gjensidige Forsikring

Market Cap: NOK 123.9b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Kirin Holdings Company

Market Cap: JP¥2.0t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Hormel Foods

Market Cap: US$12.7b

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

BB Seguridade Participações

Market Cap: R$66.6b

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

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Admiral Group

Market Cap: UK£9.6b

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

GD Power DevelopmentLtd

Market Cap: CN¥87.4b

Operates as a power generation company in China.

Carrefour

Market Cap: €11.0b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

First Financial Holding

Market Cap: NT$404.8b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Millicom International Cellular

Market Cap: US$12.6b

Engages in the provision cable and mobile services in Latin America.

RenaissanceRe Holdings

Market Cap: US$12.6b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.2b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥86.6b

Engages in commercial banking business in China.