Norwegian Software Defensive Blue Chips

BDO Unibank

Market Cap: ₱660.4b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.0b

Engages in the clean energy business in China.

Arab National Bank

Market Cap: ر.س42.0b

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.

Globe Life

Market Cap: US$11.2b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Marico

Market Cap: ₹1.0t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫293.5t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

SK Telecom

Market Cap: ₩16.4t

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

BAWAG Group

Market Cap: €9.6b

Operates as a holding company for BAWAG P.S.K.

ACM Research (Shanghai)

Market Cap: CN¥76.4b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Insurance Australia Group

Market Cap: AU$15.6b

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

Celsius Holdings

Market Cap: US$11.1b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Webster Financial

Market Cap: US$11.1b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Suncorp Group

Market Cap: AU$15.5b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

First Horizon

Market Cap: US$11.0b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Dino Polska

Market Cap: zł40.5b

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

CPFL Energia

Market Cap: R$56.7b

Through its subsidiaries, operates as an energy company in Brazil.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$86.0b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

AltaGas

Market Cap: CA$14.9b

Operates as an energy infrastructure company in North America.

Assurant

Market Cap: US$10.9b

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

China Resources Beer (Holdings)

Market Cap: HK$85.3b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

KT&G

Market Cap: ₩16.0t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

United Spirits

Market Cap: ₹999.1b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Piraeus Bank

Market Cap: €9.3b

Provides various banking products and services in Greece.

Alibaba Health Information Technology

Market Cap: HK$84.7b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Suzhou Maxwell Technologies

Market Cap: CN¥74.1b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Encompass Health

Market Cap: US$10.8b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Aegon

Market Cap: €9.3b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

American Financial Group

Market Cap: US$10.8b

An insurance holding company, provides property and casualty insurance products in the United States.

Sejahteraraya Anugrahjaya

Market Cap: Rp182.4t

Provides medical services in Indonesia.

GAIL (India)

Market Cap: ₹988.2b

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

Amkor Technology

Market Cap: US$10.7b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Rockchip Electronics

Market Cap: CN¥73.3b

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

Bank Albilad

Market Cap: ر.س40.1b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Yokohama Financial Group

Market Cap: JP¥1.7t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.