Dutch Software Defensive Blue Chips

BB Seguridade Participações

Market Cap: R$67.3b

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

Budweiser Brewing Company APAC

Market Cap: HK$102.0b

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

Pinnacle Financial Partners

Market Cap: US$13.0b

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.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

RenaissanceRe Holdings

Market Cap: US$12.9b

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

Kerry Group

Market Cap: €11.1b

Provides taste and nutrition solutions.

Helvetia Baloise Holding

Market Cap: CHF 10.1b

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

CNA Financial

Market Cap: US$12.9b

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

Saputo

Market Cap: CA$17.5b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

Admiral Group

Market Cap: UK£9.6b

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

bioMérieux

Market Cap: €11.1b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Hormel Foods

Market Cap: US$12.8b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Erie Indemnity

Market Cap: US$12.8b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Industrial Bank of Korea

Market Cap: ₩18.8t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Suzhou Centec Communications

Market Cap: CN¥87.2b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.6b

Operates membership warehouse clubs on the eastern half of the United States.

Indus Towers

Market Cap: ₹1.2t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Uni-President Enterprises

Market Cap: NT$398.9b

Produces and sells food products in Taiwan and internationally.

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Lattice Semiconductor

Market Cap: US$12.5b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.0b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Severn Trent

Market Cap: UK£9.3b

Provides water and wastewater services in the United Kingdom.

TIM

Market Cap: R$64.3b

Engages in the telecommunications sector in Brazil.

Fresenius Medical Care

Market Cap: €10.7b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Carrefour

Market Cap: €10.7b

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

Phison Electronics

Market Cap: NT$393.3b

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

Mashreqbank PSC

Market Cap: د.إ45.3b

Provides various banking and financial services to individuals and corporates.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

James Hardie Industries

Market Cap: AU$17.1b

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

Jinko Solar

Market Cap: CN¥83.8b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

JCET Group

Market Cap: CN¥83.8b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Millicom International Cellular

Market Cap: US$12.2b

Provides cable and mobile services in Latin America.

Centrica

Market Cap: UK£9.1b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Ensign Group

Market Cap: US$12.1b

Provides skilled nursing, senior living, and rehabilitative services.

Sanlam

Market Cap: R199.1b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪37.7b

Offers insurance and financial services in Israel, Europe, and internationally.