Dutch Software Defensive Blue Chips

Admiral Group

Market Cap: UK£10.3b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł51.3b

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

Insurance Australia Group

Market Cap: AU$21.3b

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

Teradyne

Market Cap: US$13.8b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Jiangsu Yanghe Distillery

Market Cap: CN¥99.3b

Offers liquors, wines, and spirits.

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

Market Cap: ر.ق50.3b

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

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Guangdong Haid Group

Market Cap: CN¥99.0b

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

Power Assets Holdings

Market Cap: HK$108.2b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Unum Group

Market Cap: US$13.7b

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

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India.

Hims & Hers Health

Market Cap: US$13.7b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Unipol Assicurazioni

Market Cap: €11.8b

Provides insurance products and services primarily in Italy.

Max Healthcare Institute

Market Cap: ₹1.2t

Provides medical and healthcare services in India.

First Financial Holding

Market Cap: NT$399.1b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥96.7b

Provides a range of banking products and services to individual and corporate customers in China.

Budweiser Brewing Company APAC

Market Cap: HK$105.7b

An investment holding company, produces, imports, markets, distributes, and sells beer and other non-beer beverages primarily in China, South Korea, India, Vietnam, and the other Asia Pacific regions.

Dino Polska

Market Cap: zł49.8b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

Performance Food Group

Market Cap: US$13.3b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

ASR Nederland

Market Cap: €11.4b

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

FinecoBank Banca Fineco

Market Cap: €11.4b

Provides banking, credit, trading and investment services in Italy.

JDE Peet's

Market Cap: €11.3b

Operates as a coffee and tea company worldwide.

Align Technology

Market Cap: US$13.0b

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

Mashreqbank PSC

Market Cap: د.إ47.7b

Provides various banking and financial services to individuals and corporates.

Almarai

Market Cap: ر.س48.8b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Bank of Ireland Group

Market Cap: €11.2b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Reinsurance Group of America

Market Cap: US$12.9b

Provides reinsurance and financial solutions.

Montage Technology

Market Cap: CN¥92.7b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

East West Bancorp

Market Cap: US$12.9b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Santander Bank Polska

Market Cap: zł47.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Fisher & Paykel Healthcare

Market Cap: NZ$21.4b

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

MTN Group

Market Cap: R229.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

China Zheshang Bank

Market Cap: HK$99.8b

Provides various commercial banking products and services in Mainland China.

Smith & Nephew

Market Cap: UK£9.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩17.3t

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

Union Bank of India

Market Cap: ₹1.1t

Provides various banking products and services.