Japanese Software Defensive Blue Chips

Kerry Group

Market Cap: €10.9b

Provides taste and nutrition solutions.

Hormel Foods

Market Cap: US$12.7b

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

CP ALL

Market Cap: ฿412.2b

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

TIM

Market Cap: R$65.6b

Engages in the telecommunications sector in Brazil.

Samsung Fire & Marine Insurance

Market Cap: ₩19.1t

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

Fisher & Paykel Healthcare

Market Cap: NZ$21.9b

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

GD Power DevelopmentLtd

Market Cap: CN¥86.7b

Operates as a power generation company in China.

Pinnacle Financial Partners

Market Cap: US$12.6b

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.

Saputo

Market Cap: CA$17.4b

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

bioMérieux

Market Cap: €10.8b

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.

Orkla

Market Cap: NOK 120.5b

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

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.

Fidelity National Financial

Market Cap: US$12.4b

Provides various insurance products in the United States.

Budweiser Brewing Company APAC

Market Cap: HK$97.0b

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

Brookfield Wealth Solutions

Market Cap: US$12.4b

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

Severn Trent

Market Cap: UK£9.3b

Provides water and wastewater services in the United Kingdom.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

mBank

Market Cap: zł45.9b

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

Coca-Cola Consolidated

Market Cap: US$12.4b

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

CNA Financial

Market Cap: US$12.3b

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

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Brown-Forman

Market Cap: US$12.3b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥84.4b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Millicom International Cellular

Market Cap: US$12.3b

Engages in the provision cable and mobile services in Latin America.

Israel Discount Bank

Market Cap: ₪38.5b

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

Guangdong Haid Group

Market Cap: CN¥84.2b

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

Align Technology

Market Cap: US$12.2b

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

China Resources Power Holdings

Market Cap: HK$95.7b

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

Mowi

Market Cap: NOK 118.0b

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

Fresenius Medical Care

Market Cap: €10.5b

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

Hippo Valley Estates

Market Cap: US$1.5b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe 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.

Unum Group

Market Cap: US$12.0b

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

Turkiye Garanti Bankasi

Market Cap: ₺531.3b

Provides various banking products and services in Turkey.

Absa Group

Market Cap: R199.9b

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

Insurance Australia Group

Market Cap: AU$17.1b

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