Icelandic Software Defensive Blue Chips

Banco do Brasil

Market Cap: R$142.2b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Credicorp

Market Cap: US$27.3b

Provides various financial, insurance, and health services and products in Peru and internationally.

BNP Paribas Fortis

Market Cap: €22.9b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

GlobalFoundries

Market Cap: US$27.1b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

W. R. Berkley

Market Cap: US$27.0b

An insurance holding company, operates as a commercial line writer worldwide.

Regions Financial

Market Cap: US$26.9b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Willis Towers Watson

Market Cap: US$26.6b

Operates as an advisory, broking, and solutions company worldwide.

CGN Power

Market Cap: HK$207.8b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

DexCom

Market Cap: US$26.6b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Banco Santander (Brasil)

Market Cap: R$138.5b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Markel Group

Market Cap: US$26.5b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ96.9b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.0t

Operates as a trust bank in Japan and internationally.

Aviva

Market Cap: UK£18.9b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Samsung Life Insurance

Market Cap: ₩36.8t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Telefônica Brasil

Market Cap: R$133.1b

Operates as a mobile telecommunications company in Brazil.

China National Nuclear Power

Market Cap: CN¥176.3b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Pernod Ricard

Market Cap: €21.5b

Produces and sells wines and spirits worldwide.

Public Bank Berhad

Market Cap: RM 99.1b

Provides banking products and services.

Telenor

Market Cap: NOK 242.1b

Operates as a telecommunication company worldwide.

Cincinnati Financial

Market Cap: US$25.4b

Provides property casualty insurance products in the United States.

Banco de Crédito del Perú

Market Cap: S/85.0b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

United Microelectronics

Market Cap: NT$790.5b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

First Citizens BancShares

Market Cap: US$25.0b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

VERBUND

Market Cap: €21.0b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Hon. Precision

Market Cap: NT$781.8b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Sigma Healthcare

Market Cap: AU$35.1b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

CLP Holdings

Market Cap: HK$194.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Dollar Tree

Market Cap: US$24.9b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

KeyCorp

Market Cap: US$24.8b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Telefónica

Market Cap: €20.9b

Provides telecommunications services in Europe and Latin America.

Snam

Market Cap: €20.8b

Engages in the operation of natural gas transport and storage infrastructure.

Luzhou LaojiaoLtd

Market Cap: CN¥170.2b

Produces and sells alcoholic products in China and internationally.

JD Health International

Market Cap: HK$192.6b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

China Minsheng Banking

Market Cap: CN¥170.1b

Provides banking products and services in the People's Republic of China.