Italian Software Defensive Blue Chips

Universal Health Services

Market Cap: US$13.0b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Origin Energy

Market Cap: AU$19.4b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Sanlam

Market Cap: R212.9b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

ING Bank Slaski

Market Cap: zł46.4b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥89.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Krung Thai Bank

Market Cap: ฿401.8b

Engages in commercial banking business in Thailand and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$12.8b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

BB Seguridade Participações

Market Cap: R$68.7b

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

Fresenius Medical Care

Market Cap: €10.9b

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

GD Power DevelopmentLtd

Market Cap: CN¥88.6b

Operates as a power generation company in China.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.5b

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

RenaissanceRe Holdings

Market Cap: US$12.6b

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

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

CNA Financial

Market Cap: US$12.6b

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

Insurance Australia Group

Market Cap: AU$18.8b

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

Guangdong Haid Group

Market Cap: CN¥87.8b

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

Coca-Cola Consolidated

Market Cap: US$12.6b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Shanghai Rural Commercial Bank

Market Cap: CN¥87.6b

Engages in commercial banking business in China.

IDBI Bank

Market Cap: ₹1.1t

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

Italgas

Market Cap: €10.7b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Suncorp Group

Market Cap: AU$18.6b

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

mBank

Market Cap: zł44.9b

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

Admiral Group

Market Cap: UK£9.2b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.6b

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

Penumbra

Market Cap: US$12.4b

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

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Absa Group

Market Cap: R203.9b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Hormel Foods

Market Cap: US$12.3b

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

BDO Unibank

Market Cap: ₱726.5b

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

Acciona

Market Cap: €10.5b

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

Chandra Daya Investasi

Market Cap: Rp207.2t

Operates as an infrastructure investment holding company.

True Corporation

Market Cap: ฿383.5b

Provides telecommunications and value-added services in Thailand.

Mowi

Market Cap: NOK 123.2b

A seafood company, produces and sells Atlantic salmon products worldwide.

CP ALL

Market Cap: ฿383.2b

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

HANMI Semiconductor

Market Cap: ₩17.6t

Manufactures and sells semiconductor equipment in South Korea and internationally.

SinoPac Financial Holdings

Market Cap: NT$383.0b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.