Icelandic Software Defensive Blue Chips

Chubu Electric Power Company

Market Cap: JP¥1.9t

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

Japan Post Insurance

Market Cap: JP¥1.9t

Provides life insurance products and services in Japan.

Banque Saudi Fransi

Market Cap: ر.س44.6b

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

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

SBI Shinsei Bank

Market Cap: JP¥1.9t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

Pro Medicus

Market Cap: AU$16.8b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Lattice Semiconductor

Market Cap: US$11.8b

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

Webster Financial

Market Cap: US$11.8b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

China Taiping Insurance Holdings

Market Cap: HK$92.1b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$372.4b

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

Globus Medical

Market Cap: US$11.8b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

TIM

Market Cap: R$61.0b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Yokohama Financial Group

Market Cap: JP¥1.8t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Centrica

Market Cap: UK£8.6b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Globe Life

Market Cap: US$11.7b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

iA Financial

Market Cap: CA$15.8b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Cochlear

Market Cap: AU$16.6b

Provides implantable hearing solutions for children and adults worldwide.

China Resources Microelectronics

Market Cap: CN¥80.4b

Engages in the manufacture and sale of semiconductors in China and internationally.

Admiral Group

Market Cap: UK£8.5b

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

Manila Electric

Market Cap: ₱676.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

HKT Trust and HKT

Market Cap: HK$90.2b

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.

Rambus

Market Cap: US$11.5b

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

Magnum Ice Cream

Market Cap: €9.7b

Engages in ice cream business.

Komercní banka

Market Cap: Kč233.2b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Ensign Group

Market Cap: US$11.4b

Provides skilled nursing, senior living, and rehabilitative services.

China Resources Beer (Holdings)

Market Cap: HK$88.9b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

ASPEED Technology

Market Cap: NT$359.1b

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

Alpha Bank

Market Cap: €9.5b

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

Sejahteraraya Anugrahjaya

Market Cap: Rp192.0t

Provides medical services in Indonesia.

Arab National Bank

Market Cap: ر.س42.3b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

King Yuan Electronics

Market Cap: NT$356.4b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫288.2t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Almarai

Market Cap: ر.س42.1b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Sanan OptoelectronicsLtd

Market Cap: CN¥77.6b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Millicom International Cellular

Market Cap: US$11.2b

Provides cable and mobile services in Latin America.