Portuguese Software Defensive Blue Chips

Align Technology

Market Cap: US$11.7b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Banque Saudi Fransi

Market Cap: ر.س43.9b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$369.3b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Orkla

Market Cap: NOK 112.3b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

GAIL (India)

Market Cap: ₹1.1t

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

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥80.9b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 9.0b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Carrefour

Market Cap: €9.8b

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

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

Rockchip Electronics

Market Cap: CN¥79.8b

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

Almarai

Market Cap: ر.س43.0b

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

King Yuan Electronics

Market Cap: NT$361.9b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.

Komercní banka

Market Cap: Kč235.1b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Admiral Group

Market Cap: UK£8.3b

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

Sejahteraraya Anugrahjaya

Market Cap: Rp192.6t

Provides medical services in Indonesia.

Tongfu MicroelectronicsLtd

Market Cap: CN¥79.0b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

HKT Trust and HKT

Market Cap: HK$88.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Comerica

Market Cap: US$11.3b

Provides financial services in the United States, Canada, and Mexico.

Busy Ming Group

Market Cap: HK$88.6b

Through its subsidiaries, operates as a food and beverage retailer in China.

Sanan OptoelectronicsLtd

Market Cap: CN¥78.7b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Manila Electric

Market Cap: ₱665.0b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

CPFL Energia

Market Cap: R$59.3b

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

iA Financial

Market Cap: CA$15.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Globe Life

Market Cap: US$11.2b

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

TIM

Market Cap: R$58.7b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Bank of the Philippine Islands

Market Cap: ₱655.2b

Provides various financial products and services to retail and corporate clients in the Philippines.

Akbank T.A.S

Market Cap: ₺483.3b

Provides various banking products and services in Turkey and internationally.

Global Unichip

Market Cap: NT$351.1b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥77.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

Adani Energy Solutions

Market Cap: ₹1.0t

Generates, transmits, and distributes power in India.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

KT&G

Market Cap: ₩16.0t

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

Lattice Semiconductor

Market Cap: US$11.0b

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

Petrovietnam Gas

Market Cap: ₫282.3t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Chubu Electric Power Company

Market Cap: JP¥1.7t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Alpha Bank

Market Cap: €9.2b

Provides various banking and financial products and services in Greece and internationally.