Luxembourg Software Defensive Blue Chips

CNA Financial

Market Cap: US$14.2b

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

James Hardie Industries

Market Cap: AU$20.2b

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

Brookfield Wealth Solutions

Market Cap: US$14.2b

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

Coloplast

Market Cap: DKK 92.7b

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

Unum Group

Market Cap: US$14.1b

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

Rockchip Electronics

Market Cap: CN¥95.5b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

McCormick

Market Cap: US$14.1b

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

LONGi Green Energy Technology

Market Cap: CN¥95.0b

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

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

Market Cap: ر.ق51.0b

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

HANMI Semiconductor

Market Cap: ₩20.4t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Wens Foodstuff Group

Market Cap: CN¥94.0b

Engages in the agricultural and animal husbandry businesses in China and internationally.

Cooper Companies

Market Cap: US$13.8b

Develops, manufactures, and markets contact lens wearers.

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.

Insurance Australia Group

Market Cap: AU$19.7b

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

Metro

Market Cap: CA$19.4b

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

Shanghai United Imaging Healthcare

Market Cap: CN¥93.4b

Shanghai United Imaging Healthcare Co., Ltd.

Eastroc Beverage (Group)

Market Cap: CN¥93.1b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Chubu Electric Power Company

Market Cap: JP¥2.2t

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

Banque Cantonale Vaudoise

Market Cap: CHF 11.2b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

RenaissanceRe Holdings

Market Cap: US$13.7b

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

United Utilities Group

Market Cap: UK£10.2b

Provides water and wastewater services in the United Kingdom.

Britannia Industries

Market Cap: ₹1.3t

Engages in manufacturing, trading, and sale of various food products in India and internationally.

Fidelity National Financial

Market Cap: US$13.7b

Provides various insurance products in the United States.

Assurant

Market Cap: US$13.7b

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

WH Group

Market Cap: HK$107.1b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Mashreqbank PSC

Market Cap: د.إ50.2b

Provides various banking and financial services to individuals and corporates.

SK Telecom

Market Cap: ₩20.0t

Engages in the provision of wireless telecommunication services in South Korea.

Fisher & Paykel Healthcare

Market Cap: NZ$23.4b

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

Uni-President Enterprises

Market Cap: NT$436.4b

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

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Banque Saudi Fransi

Market Cap: ر.س50.4b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Anhui Conch Cement

Market Cap: CN¥90.8b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Carrefour

Market Cap: €11.8b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥90.7b

Beijing YanDong MicroElectronic Co., Ltd.

Apollo Hospitals Enterprise

Market Cap: ₹1.3t

Provides healthcare services in India.

Caixa Seguridade Participações

Market Cap: R$67.3b

Provides insurance products in Brazil and internationally.