Pakistani Software Defensive Blue Chips

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥190.8b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

Tower Semiconductor

Market Cap: US$27.7b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

W. R. Berkley

Market Cap: US$27.5b

An insurance holding company, operates as a commercial line writer worldwide.

Fresenius SE KGaA

Market Cap: €23.7b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.4t

Operates as a trust bank in Japan and internationally.

Shenzhen Techwinsemi Technology

Market Cap: CN¥184.0b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

George Weston

Market Cap: CA$38.2b

Provides food and drug retailing, and financial services in Canada.

PPL

Market Cap: US$26.8b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

QNB Bank

Market Cap: ₺1.3t

Provides various banking and financial services in Turkey.

China National Nuclear Power

Market Cap: CN¥181.2b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

DexCom

Market Cap: US$26.6b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Lasertec

Market Cap: JP¥4.3t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Aviva

Market Cap: UK£19.9b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Koninklijke Philips

Market Cap: €23.1b

Operates as a health technology company in North America, the Greater China, and internationally.

Regions Financial

Market Cap: US$26.3b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

ACM Research (Shanghai)

Market Cap: CN¥178.4b

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

Banco BPM

Market Cap: €22.9b

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

Helvetia Baloise Holding

Market Cap: CHF 20.9b

Engages in life and non-life insurance, and reinsurance business.

Willis Towers Watson

Market Cap: US$26.0b

Operates as an advisory, broking, and solutions company worldwide.

EnBW Energie Baden-Württemberg

Market Cap: €22.7b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Winbond Electronics

Market Cap: NT$825.8b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

QBE Insurance Group

Market Cap: AU$37.4b

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

American Water Works Company

Market Cap: US$25.7b

Through its subsidiaries, provides water and wastewater services in the United States.

New China Life Insurance

Market Cap: CN¥174.8b

Provides life insurance products and services to individuals and institutions in China.

TS Financial Holding

Market Cap: NT$820.6b

Provides various financial products and services.

MTN Group

Market Cap: R413.5b

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

Dollar General

Market Cap: US$25.4b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

BNP Paribas Fortis

Market Cap: €22.2b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

JCET Group

Market Cap: CN¥171.7b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Entegris

Market Cap: US$25.2b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

KeyCorp

Market Cap: US$25.1b

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

Banco de Crédito del Perú

Market Cap: S/85.3b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Huaneng Lancang River Hydropower

Market Cap: CN¥170.1b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Coca-Cola HBC

Market Cap: UK£18.7b

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.

China Everbright Bank

Market Cap: CN¥169.5b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥168.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.