Japanese Software Defensive Blue Chips

ING Bank Slaski

Market Cap: zł47.7b

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

Sanlam

Market Cap: R213.9b

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

First Financial Holding

Market Cap: NT$417.7b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

ACM Research (Shanghai)

Market Cap: CN¥92.2b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Uni-President Enterprises

Market Cap: NT$417.6b

Produces and sells food products in Taiwan and internationally.

Olympus

Market Cap: JP¥2.0t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Ryan Specialty Holdings

Market Cap: US$13.2b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Helvetia Baloise Holding

Market Cap: CHF 10.2b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$101.6b

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

Pro Medicus

Market Cap: AU$18.9b

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.

Kirin Holdings Company

Market Cap: JP¥2.0t

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

ageas

Market Cap: €11.0b

Engages in insurance business.

China Resources Microelectronics

Market Cap: CN¥90.3b

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

Absa Group

Market Cap: R207.0b

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

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Coca-Cola Consolidated

Market Cap: US$12.8b

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

Brown-Forman

Market Cap: US$12.8b

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

Reinsurance Group of America

Market Cap: US$12.8b

Provides reinsurance and financial solutions.

Krung Thai Bank

Market Cap: ฿398.3b

Engages in commercial banking business in Thailand and internationally.

Universal Health Services

Market Cap: US$12.8b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥89.1b

Henan Shuanghui Investment & Development Co.,Ltd.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.9b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.8b

Operates membership warehouse clubs on the eastern half of the United States.

Unum Group

Market Cap: US$12.7b

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

Hong Leong Bank Berhad

Market Cap: RM 50.2b

Operates as a financial services company in Malaysia and internationally.

RenaissanceRe Holdings

Market Cap: US$12.6b

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

Tele2

Market Cap: SEK 112.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

CNA Financial

Market Cap: US$12.5b

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

BDO Unibank

Market Cap: ₱737.2b

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

Saputo

Market Cap: CA$17.1b

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

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

BAWAG Group

Market Cap: €10.5b

Operates as a holding company for BAWAG P.S.K.

Jentech Precision Industrial

Market Cap: NT$391.6b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Rambus

Market Cap: US$12.4b

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

Globus Medical

Market Cap: US$12.4b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق45.1b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.