Italian Software Defensive Blue Chips

Phoenix Financial

Market Cap: ₪43.2b

Operates as a financial services company in Israel.

Brookfield Wealth Solutions

Market Cap: US$14.4b

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

HANMI Semiconductor

Market Cap: ₩22.1t

Manufactures and sells semiconductor equipment in South Korea and internationally.

BrightSpring Health Services

Market Cap: US$14.4b

Operates as a home and community-based healthcare services platform in the United States.

McCormick

Market Cap: US$14.4b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Grupo Financiero Inbursa. de

Market Cap: Mex$249.2b

Provides various financial products and services to individuals and businesses in Mexico.

ROHM

Market Cap: JP¥2.3t

Manufactures and sells electronic components worldwide.

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Globe Life

Market Cap: US$14.0b

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

Kirin Holdings Company

Market Cap: JP¥2.3t

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

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق50.9b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Mashreqbank PSC

Market Cap: د.إ51.4b

Provides various banking and financial services to individuals and corporates.

LONGi Green Energy Technology

Market Cap: CN¥94.9b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp249.1t

Provides information and communications technology, and telecommunications network services worldwide.

RenaissanceRe Holdings

Market Cap: US$13.9b

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

Assurant

Market Cap: US$13.8b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

CNA Financial

Market Cap: US$13.8b

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

Gjensidige Forsikring

Market Cap: NOK 135.9b

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

Hormel Foods

Market Cap: US$13.8b

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

Kinsus Interconnect Technology

Market Cap: NT$438.9b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥93.0b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Suncorp Group

Market Cap: AU$19.7b

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

Bank of Baroda

Market Cap: ₹1.3t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

SG Micro

Market Cap: CN¥92.3b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Coloplast

Market Cap: DKK 88.9b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Uni-President Enterprises

Market Cap: NT$433.5b

Engages in the manufacture and sale of beverages and instant noodles in Taiwan, China, and Southeast Asia.

Erie Indemnity

Market Cap: US$13.6b

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

Tryg

Market Cap: DKK 88.5b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Metro

Market Cap: CA$19.1b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Apollo Hospitals Enterprise

Market Cap: ₹1.3t

Provides healthcare services in India.

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.

United Utilities Group

Market Cap: UK£10.0b

Provides water and wastewater services in the United Kingdom.

Fisher & Paykel Healthcare

Market Cap: NZ$23.3b

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

Align Technology

Market Cap: US$13.2b

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