Swedish Software Defensive Blue Chips

Industrial Bank

Market Cap: CN¥399.6b

Provides banking products and services in the People’s Republic of China.

Siemens Healthineers

Market Cap: €48.3b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

JAPAN POST BANK

Market Cap: JP¥8.8t

Provides financial products and services in Japan and internationally.

Wuliangye YibinLtd

Market Cap: CN¥397.2b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Standard Chartered

Market Cap: UK£41.3b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Bank Central Asia

Market Cap: Rp942.8t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

China CITIC Bank

Market Cap: CN¥392.9b

Provides various banking products and services in the People’s Republic of China and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ207.3b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Aflac

Market Cap: US$56.1b

Through its subsidiaries, provides supplemental health and life insurance products.

Sempra

Market Cap: US$56.1b

Operates as an energy infrastructure company in the United States and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥389.4b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

IDEXX Laboratories

Market Cap: US$55.4b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.1t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Holcim

Market Cap: CHF 42.6b

Provides building materials and solutions worldwide.

KBC Group

Market Cap: €46.1b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

HOYA

Market Cap: JP¥8.4t

A med-tech company, provides high-tech and medical products internationally.

BOC Hong Kong (Holdings)

Market Cap: HK$420.6b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Loblaw Companies

Market Cap: CA$73.9b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

People's Insurance Company (Group) of China

Market Cap: HK$420.0b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

E.ON

Market Cap: €45.3b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ196.1b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Alimentation Couche-Tard

Market Cap: CA$71.2b

Operates and licenses convenience stores in North America, Europe, and Asia.

NAURA Technology Group

Market Cap: CN¥359.5b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Monolithic Power Systems

Market Cap: US$51.0b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Federal National Mortgage Association

Market Cap: US$50.9b

Provides financing solutions for residential mortgages in the United States.

Allstate

Market Cap: US$50.7b

Provides property and casualty, and other insurance products in the United States and Canada.

Diageo

Market Cap: UK£36.8b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق183.6b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Danone

Market Cap: €42.3b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

United Overseas Bank

Market Cap: S$63.6b

Provides banking products and services worldwide.

Heidelberg Materials

Market Cap: €42.0b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

MetLife

Market Cap: US$50.0b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Erste Group Bank

Market Cap: €42.0b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Shanghai Pudong Development Bank

Market Cap: CN¥344.7b

Shanghai Pudong Development Bank Co., Ltd.

Cardinal Health

Market Cap: US$49.5b

Operates as a healthcare services and products company in the United States and internationally.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.