Dutch Software Defensive Blue Chips

Hua Nan Financial Holdings

Market Cap: NT$414.0b

Provides financial services in Taiwan and internationally.

Etihad Etisalat

Market Cap: ر.س50.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

NMBZ Holdings

Market Cap: US$1.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Origin Energy

Market Cap: AU$20.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Helvetia Holding

Market Cap: CHF 10.7b

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

Turkiye Garanti Bankasi

Market Cap: ₺560.7b

Provides various banking products and services in Turkey.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Banco Comercial Português

Market Cap: €11.5b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$102.8b

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

First Financial Holding

Market Cap: NT$409.1b

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

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Elia Group

Market Cap: €11.4b

Develops and operates as a transmission system operator in Belgium and Germany.

Kasikornbank

Market Cap: ฿426.5b

Provides commercial banking products and services in Thailand and internationally.

WH Group

Market Cap: HK$102.3b

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

National Bank of Greece

Market Cap: €11.3b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Piotech

Market Cap: CN¥93.3b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Unum Group

Market Cap: US$13.1b

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

Tata Consumer Products

Market Cap: ₹1.2t

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

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Mashreqbank PSC

Market Cap: د.إ47.5b

Provides various banking and financial services to individuals and corporates.

Admiral Group

Market Cap: UK£9.8b

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

Hon. Precision

Market Cap: NT$399.2b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Woori Financial Group

Market Cap: ₩18.6t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Almarai

Market Cap: ر.س47.9b

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

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥90.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Fisher & Paykel Healthcare

Market Cap: NZ$22.6b

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

MACOM Technology Solutions Holdings

Market Cap: US$12.7b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

True Corporation

Market Cap: ฿407.7b

Provides telecommunications and value-added services in Thailand.

Brown-Forman

Market Cap: US$12.6b

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

ageas

Market Cap: €10.9b

Engages in insurance business.

Reinsurance Group of America

Market Cap: US$12.5b

Provides reinsurance and financial solutions.

Arab National Bank

Market Cap: ر.س46.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Osaka Gas

Market Cap: JP¥1.9t

Provides gas, electricity, and other energy products and services in Japan and internationally.

RenaissanceRe Holdings

Market Cap: US$12.4b

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