South Korean Software Defensive Blue Chips

Fresenius SE KGaA

Market Cap: €27.9b

A health care company, provides products and services for chronically ill patients.

Seven & i Holdings

Market Cap: JP¥5.1t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥232.4b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 25.6b

Engages in the manufacture and sale of chocolate products worldwide.

Fifth Third Bancorp

Market Cap: US$33.4b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Bank Hapoalim B.M

Market Cap: ₪103.0b

Provides various banking and financial services in Israel and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł116.0b

Provides various banking products and services in Poland and internationally.

Dollar General

Market Cap: US$33.1b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Japan Post Holdings

Market Cap: JP¥5.0t

Provides postal, banking, and insurance services in Japan.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥228.9b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

New China Life Insurance

Market Cap: CN¥228.6b

Provides life insurance products and services to individuals and institutions in China.

Imperial Brands

Market Cap: UK£23.9b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

M&T Bank

Market Cap: US$32.5b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Power Corporation of Canada

Market Cap: CA$44.1b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Svenska Handelsbanken

Market Cap: SEK 286.1b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Archer-Daniels-Midland

Market Cap: US$32.4b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Talanx

Market Cap: €27.0b

Provides insurance and reinsurance products and services worldwide.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥222.8b

Advanced Micro-Fabrication Equipment Inc.

Banca Monte dei Paschi di Siena

Market Cap: €26.6b

Provides retail and commercial banking services in Italy.

Capitec Bank Holdings

Market Cap: R509.6b

Through its subsidiaries, provides various banking products and services in South Africa.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ117.1b

Provides banking products and services in the United Arab Emirates and internationally.

Humana

Market Cap: US$31.7b

Provides medical and specialty insurance products in the United States.

CEZ a. s

Market Cap: Kč641.5b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Dai-ichi Life Holdings

Market Cap: JP¥4.8t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Sompo Holdings

Market Cap: JP¥4.8t

Provides property and casualty insurance services in Japan and internationally.

ABN AMRO Bank

Market Cap: €25.9b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Swiss Life Holding

Market Cap: CHF 23.7b

Provides life, pensions, and financial solutions for private and corporate clients.

Willis Towers Watson

Market Cap: US$30.8b

Operates as an advisory, broking, and solutions company worldwide.

GigaDevice Semiconductor

Market Cap: CN¥213.5b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

United Microelectronics

Market Cap: NT$956.7b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Ørsted

Market Cap: DKK 190.8b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Ping An Bank

Market Cap: CN¥212.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Standard Bank Group

Market Cap: R485.8b

Provides financial products and services in South Africa and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$523.0b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.