Norwegian Software Defensive Blue Chips

Quest Diagnostics

Market Cap: US$22.9b

Provides diagnostic testing and services in the United States.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.6t

Operates as a trust bank in Japan and internationally.

Terna

Market Cap: €19.8b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$22.7b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Sigma Healthcare

Market Cap: AU$32.2b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

KeyCorp

Market Cap: US$22.6b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Yihai Kerry Arawana Holdings

Market Cap: CN¥155.6b

Engages in the agriculture and food processing businesses in China.

China United Network Communications

Market Cap: CN¥154.8b

Provides telecommunication services in the People’s Republic of China.

Bunge Global

Market Cap: US$22.3b

Operates as an agribusiness and food company worldwide.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س83.2b

Provides private health and support services in the Kingdom of Saudi Arabia.

Tyson Foods

Market Cap: US$22.2b

Operates as a food company worldwide.

Luzhou LaojiaoLtd

Market Cap: CN¥153.0b

Produces and sells alcoholic products in China and internationally.

Centene

Market Cap: US$22.1b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

Humana

Market Cap: US$22.1b

Provides medical and specialty insurance products in the United States.

Riyad Bank

Market Cap: ر.س82.9b

Provides banking and investment services in the Kingdom of Saudi Arabia.

MTN Group

Market Cap: R369.1b

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

QBE Insurance Group

Market Cap: AU$31.4b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Coca-Cola HBC

Market Cap: UK£16.5b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 86.8b

Provides various banking products and services in Malaysia and internationally.

Heineken Holding

Market Cap: €18.8b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Hua Hong Semiconductor

Market Cap: HK$169.8b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Pernod Ricard

Market Cap: €18.6b

Produces and sells wines and spirits worldwide.

AIB Group

Market Cap: €18.5b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Tenet Healthcare

Market Cap: US$21.3b

Operates as a diversified healthcare services company in the United States.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

CK Infrastructure Holdings

Market Cap: HK$165.9b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

First Solar

Market Cap: US$21.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Koninklijke KPN

Market Cap: €18.0b

Provides telecommunications and information technology (IT) services in the Netherlands.

OmniVision Integrated Circuits Group

Market Cap: CN¥142.2b

OmniVision Integrated Circuits Group, Inc.

US Foods Holding

Market Cap: US$20.5b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

EDP

Market Cap: €17.7b

Engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally.

Hana Financial Group

Market Cap: ₩30.1t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Banco BPM

Market Cap: €17.6b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Mizrahi Tefahot Bank

Market Cap: ₪62.7b

Provides various banking services in Israel and internationally.

Principal Financial Group

Market Cap: US$20.3b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Fortum Oyj

Market Cap: €17.5b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.