Global Software Defensive Blue Chips

Phoenix Financial

Market Cap: ₪39.7b

Provides multi-line insurance products in Israel.

Xi'an ESWIN Material Technology

Market Cap: CN¥86.4b

Xi'an ESWIN Material Technology Co., Ltd.

Brookfield Wealth Solutions

Market Cap: US$12.5b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Pinnacle Financial Partners

Market Cap: US$12.5b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Chubu Electric Power Company

Market Cap: JP¥2.0t

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

Brown-Forman

Market Cap: US$12.5b

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

Kerry Group

Market Cap: €10.9b

Provides taste and nutrition solutions.

China Resources Power Holdings

Market Cap: HK$97.2b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Fidelity National Financial

Market Cap: US$12.4b

Provides various insurance products in the United States.

Saputo

Market Cap: CA$17.2b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

Lattice Semiconductor

Market Cap: US$12.4b

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

Samsung Fire & Marine Insurance

Market Cap: ₩18.7t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Admiral Group

Market Cap: UK£9.3b

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

Severn Trent

Market Cap: UK£9.3b

Provides water and wastewater services in the United Kingdom.

Punjab National Bank

Market Cap: ₹1.2t

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

CNA Financial

Market Cap: US$12.1b

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

Guangdong Haid Group

Market Cap: CN¥83.9b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.2b

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

bioMérieux

Market Cap: €10.5b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

mBank

Market Cap: zł45.3b

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

Fresenius Medical Care

Market Cap: €10.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

TIM

Market Cap: R$63.3b

Engages in the telecommunications sector in Brazil.

Coca-Cola Consolidated

Market Cap: US$12.1b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

CP ALL

Market Cap: ฿396.6b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$94.4b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Turkiye Garanti Bankasi

Market Cap: ₺531.3b

Provides various banking products and services in Turkey.

Orkla

Market Cap: NOK 116.5b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Unum Group

Market Cap: US$11.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Insurance Australia Group

Market Cap: AU$17.3b

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

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Align Technology

Market Cap: US$11.9b

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

Canara Bank

Market Cap: ₹1.1t

Provides various banking products and services in India and internationally.

Suncorp Group

Market Cap: AU$17.2b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Israel Discount Bank

Market Cap: ₪37.4b

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

HKT Trust and HKT

Market Cap: HK$91.7b

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.