Luxembourg Software Defensive Blue Chips

Powszechny Zaklad Ubezpieczen

Market Cap: zł59.0b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

ASR Nederland

Market Cap: €13.7b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Banco Santander-Chile

Market Cap: CL$14.5t

Provides commercial and retail banking products and services in Chile.

SCB X

Market Cap: ฿515.2b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Puya Semiconductor (Shanghai)

Market Cap: CN¥105.1b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Kerry Group

Market Cap: €13.5b

Provides taste and nutrition solutions.

Mapfre

Market Cap: €13.5b

Engages in insurance, reinsurance, and financial activities in Spain.

ageas

Market Cap: €13.5b

Engages in insurance business.

Power Assets Holdings

Market Cap: HK$120.0b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Pro Medicus

Market Cap: AU$22.0b

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.

Attijariwafa bank

Market Cap: د.م143.1b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Sonova Holding

Market Cap: CHF 12.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Woori Financial Group

Market Cap: ₩23.1t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥103.5b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

DaVita

Market Cap: US$15.1b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Onto Innovation

Market Cap: US$15.1b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Chubu Electric Power Company

Market Cap: JP¥2.4t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Pinnacle Financial Partners

Market Cap: US$15.1b

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.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ55.3b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Rede D'Or São Luiz

Market Cap: R$77.0b

Engages in the provision of hospital services in Brazil.

First Financial Holding

Market Cap: NT$478.8b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Nova

Market Cap: US$14.8b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Kokusai Electric

Market Cap: JP¥2.4t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Phison Electronics

Market Cap: NT$474.2b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Everest Group

Market Cap: US$14.8b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

JD Health International

Market Cap: HK$115.7b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Admiral Group

Market Cap: UK£11.0b

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

James Hardie Industries

Market Cap: AU$21.2b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

BrightSpring Health Services

Market Cap: US$14.7b

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

Reinsurance Group of America

Market Cap: US$14.7b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Brookfield Wealth Solutions

Market Cap: US$14.6b

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

Jentech Precision Industrial

Market Cap: NT$468.8b

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

BB Seguridade Participações

Market Cap: R$75.1b

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

Asahi Group Holdings

Market Cap: JP¥2.4t

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

Hippo Valley Estates

Market Cap: US$1.9b

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