Swedish Software Defensive Blue Chips

Hong Leong Bank Berhad

Market Cap: RM 49.4b

Operates as a financial services company in Malaysia and internationally.

KT&G

Market Cap: ₩18.3t

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

mBank

Market Cap: zł45.3b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Alibaba Health Information Technology

Market Cap: HK$98.9b

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.

Acciona

Market Cap: €10.7b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.6b

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

Chubu Electric Power Company

Market Cap: JP¥1.9t

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

T&D Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, provides insurance products and services in Japan.

TIM

Market Cap: R$64.5b

Engages in the telecommunications sector in Brazil.

ACM Research (Shanghai)

Market Cap: CN¥86.1b

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

Celsius Holdings

Market Cap: US$12.5b

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

Saputo

Market Cap: CA$17.0b

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

Mowi

Market Cap: NOK 117.8b

A seafood company, produces and sells Atlantic salmon products worldwide.

Yokohama Financial Group

Market Cap: JP¥1.9t

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

King Yuan Electronics

Market Cap: NT$387.0b

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

BAWAG Group

Market Cap: €10.4b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق44.7b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

First Horizon

Market Cap: US$12.2b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

MTN Nigeria Communications

Market Cap: ₦16.4t

Provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria.

Ensign Group

Market Cap: US$12.1b

Provides skilled nursing, senior living, and rehabilitative services.

Manila Electric

Market Cap: ₱698.8b

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

Coca-Cola Consolidated

Market Cap: US$12.1b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Globus Medical

Market Cap: US$12.1b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

GAIL (India)

Market Cap: ₹1.1t

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

Taiwan Cooperative Financial Holding

Market Cap: NT$380.3b

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

Unum Group

Market Cap: US$12.1b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥82.8b

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

GD Power DevelopmentLtd

Market Cap: CN¥82.6b

Operates as a power generation company in China.

JCET Group

Market Cap: CN¥82.5b

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

Amkor Technology

Market Cap: US$11.9b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥81.8b

Engages in commercial banking business in China.

SK Telecom

Market Cap: ₩17.1t

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

HKT Trust and HKT

Market Cap: HK$92.4b

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.

Piraeus Bank

Market Cap: €10.0b

Provides various banking products and services in Greece.

Jiangsu Yanghe Distillery

Market Cap: CN¥81.5b

Offers liquors and wines.