Taiwanese Software Defensive Blue Chips

Banco do Brasil

Market Cap: R$129.4b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Snam

Market Cap: €21.4b

Engages in the operation of natural gas transport and storage infrastructure.

Citizens Financial Group

Market Cap: US$24.6b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

BPER Banca

Market Cap: €21.3b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Telefônica Brasil

Market Cap: R$127.9b

Operates as a mobile telecommunications company in Brazil.

Nestlé India

Market Cap: ₹2.3t

Engages in the manufacture and sale of food products in India and internationally.

W. R. Berkley

Market Cap: US$24.2b

An insurance holding company, operates as a commercial line writer worldwide.

Aviva

Market Cap: UK£18.1b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

DexCom

Market Cap: US$24.0b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Cincinnati Financial

Market Cap: US$23.9b

Provides property casualty insurance products in the United States.

Montage Technology

Market Cap: CN¥165.3b

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

GLOBALFOUNDRIES

Market Cap: US$23.9b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

China Tower

Market Cap: HK$186.9b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥164.9b

Inner Mongolia Yili Industrial Group Co., Ltd.

Telefónica

Market Cap: €20.7b

Provides telecommunications services in Europe and Latin America.

China Minsheng Banking

Market Cap: CN¥164.2b

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

CLP Holdings

Market Cap: HK$184.2b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Markel Group

Market Cap: US$23.5b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Qnity Electronics

Market Cap: US$23.4b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Telenor

Market Cap: NOK 227.4b

Operates as a telecommunication company worldwide.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س87.2b

Provides private health and support services in the Kingdom of Saudi Arabia.

Banco de Crédito del Perú

Market Cap: S/80.6b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Public Bank Berhad

Market Cap: RM 92.7b

Provides banking products and services.

Riyad Bank

Market Cap: ر.س86.4b

Provides banking and investment services in the Kingdom of Saudi Arabia.

ON Semiconductor

Market Cap: US$23.0b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

United Microelectronics

Market Cap: NT$727.0b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Tyson Foods

Market Cap: US$22.5b

Operates as a food company worldwide.

Yihai Kerry Arawana Holdings

Market Cap: CN¥155.5b

Engages in the agriculture and food processing businesses in China.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.6t

Operates as a trust bank in Japan and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥152.8b

Produces and sells alcoholic products in China and internationally.

Terna

Market Cap: €19.2b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

QBE Insurance Group

Market Cap: AU$31.9b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Labcorp Holdings

Market Cap: US$21.8b

Provides laboratory services.

Fortum Oyj

Market Cap: €18.7b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Brown & Brown

Market Cap: US$21.5b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

First Citizens BancShares

Market Cap: US$21.5b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.