Swedish Software Defensive Blue Chips

Align Technology

Market Cap: US$12.1b

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

mBank

Market Cap: zł44.8b

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

Insurance Australia Group

Market Cap: AU$16.9b

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

James Hardie Industries

Market Cap: AU$16.8b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Mashreqbank PSC

Market Cap: د.إ43.9b

Provides various banking and financial services to individuals and corporates.

Sanan OptoelectronicsLtd

Market Cap: CN¥82.1b

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

Great Eastern Holdings

Market Cap: S$15.2b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Unum Group

Market Cap: US$11.9b

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

SCREEN Holdings

Market Cap: JP¥1.9t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

JCET Group

Market Cap: CN¥81.9b

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

HKT Trust and HKT

Market Cap: HK$93.3b

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.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥81.6b

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

Suncorp Group

Market Cap: AU$16.7b

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

Universal Health Services

Market Cap: US$11.8b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Technoprobe

Market Cap: €10.3b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

China Zheshang Bank

Market Cap: HK$92.2b

Provides various commercial banking products and services in Mainland China.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

MTN Nigeria Communications

Market Cap: ₦15.9t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Absa Group

Market Cap: R194.5b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪35.9b

Offers insurance and financial services in Israel, Europe, and internationally.

Globus Medical

Market Cap: US$11.6b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

SK Telecom

Market Cap: ₩17.3t

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

T&D Holdings

Market Cap: JP¥1.8t

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

Manila Electric

Market Cap: ₱689.8b

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

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

OPC Energy

Market Cap: ₪35.4b

Engages in the development, construction, operation, generation, and supply of electricity in Israel.

Almarai

Market Cap: ر.س42.9b

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

Busy Ming Group

Market Cap: HK$89.3b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$363.8b

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

Jiangsu Yanghe Distillery

Market Cap: CN¥77.4b

Offers liquors and wines.

Celsius Holdings

Market Cap: US$11.2b

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

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Sanlam

Market Cap: R186.3b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Arab National Bank

Market Cap: ر.س41.7b

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.

MPI

Market Cap: NT$354.6b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.