Singaporean Software Defensive Blue Chips

OTP Bank Nyrt

Market Cap: Ft10.8t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ122.4b

Provides banking products and services in the United Arab Emirates and internationally.

Fifth Third Bancorp

Market Cap: US$33.2b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Imperial Brands

Market Cap: UK£24.3b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Talanx

Market Cap: €28.1b

Provides insurance and reinsurance products and services worldwide.

Bank Hapoalim B.M

Market Cap: ₪102.4b

Provides various banking and financial services in Israel and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł116.9b

Provides various banking products and services in Poland and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥226.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

KB Financial Group

Market Cap: ₩47.2t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

New China Life Insurance

Market Cap: CN¥225.1b

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

Archer-Daniels-Midland

Market Cap: US$32.3b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Banca Monte dei Paschi di Siena

Market Cap: €27.3b

Provides retail and commercial banking services in Italy.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Intact Financial

Market Cap: CA$44.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Capitec Bank Holdings

Market Cap: R515.2b

Through its subsidiaries, provides various banking products and services in South Africa.

Svenska Handelsbanken

Market Cap: SEK 286.4b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Fresenius SE KGaA

Market Cap: €27.0b

A health care company, provides products and services for chronically ill patients.

Power Corporation of Canada

Market Cap: CA$43.4b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Dai-ichi Life Holdings

Market Cap: JP¥4.9t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Dollar General

Market Cap: US$31.6b

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

Grupo Financiero Banorte. de

Market Cap: Mex$548.6b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

CEZ a. s

Market Cap: Kč645.8b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Sompo Holdings

Market Cap: JP¥4.8t

Provides property and casualty insurance services in Japan and internationally.

Swiss Life Holding

Market Cap: CHF 24.2b

Provides life, pensions, and financial solutions for private and corporate clients.

Standard Bank Group

Market Cap: R496.1b

Provides financial products and services in South Africa and internationally.

Montage Technology

Market Cap: CN¥213.8b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

ABN AMRO Bank

Market Cap: €25.9b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥212.1b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥211.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Willis Towers Watson

Market Cap: US$30.4b

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

Ping An Bank

Market Cap: CN¥210.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Ørsted

Market Cap: DKK 189.6b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥207.6b

Advanced Micro-Fabrication Equipment Inc.

Naturgy Energy Group

Market Cap: €25.3b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Sampo Oyj

Market Cap: €25.2b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.