Taiwanese Software Defensive Blue Chips

Banco Santander (Brasil)

Market Cap: R$137.5b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

BT Group

Market Cap: UK£19.0b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

STERIS

Market Cap: US$25.9b

Provides infection prevention products and services worldwide.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ95.1b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Astera Labs

Market Cap: US$25.7b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

China National Nuclear Power

Market Cap: CN¥178.1b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Markel Group

Market Cap: US$25.6b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

W. R. Berkley

Market Cap: US$25.6b

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

BNP Paribas Fortis

Market Cap: €21.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Sigma Healthcare

Market Cap: AU$36.3b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Cincinnati Financial

Market Cap: US$25.3b

Provides property casualty insurance products in the United States.

Hua Hong Semiconductor

Market Cap: HK$197.6b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Regions Financial

Market Cap: US$25.3b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

VERBUND

Market Cap: €21.3b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

First Citizens BancShares

Market Cap: US$24.9b

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.

JD Health International

Market Cap: HK$194.6b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

ON Semiconductor

Market Cap: US$24.8b

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

First Solar

Market Cap: US$24.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

American Water Works Company

Market Cap: US$24.7b

Through its subsidiaries, provides water and wastewater services in the United States.

AIB Group

Market Cap: €20.9b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

STMicroelectronics

Market Cap: €20.9b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

United Microelectronics

Market Cap: NT$778.0b

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

China Tower

Market Cap: HK$191.8b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥170.2b

Inner Mongolia Yili Industrial Group Co., Ltd.

Huaneng Lancang River Hydropower

Market Cap: CN¥169.9b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Samsung Life Insurance

Market Cap: ₩35.5t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

KeyCorp

Market Cap: US$24.3b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

CLP Holdings

Market Cap: HK$189.4b

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

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س90.6b

Provides private health and ancillary services.

Public Bank Berhad

Market Cap: RM 94.8b

Provides banking products and services.

Brown & Brown

Market Cap: US$24.0b

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

Federal Home Loan Mortgage

Market Cap: US$23.9b

Operates in the secondary mortgage market in the United States.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.7t

Operates as a trust bank in Japan and internationally.

China Minsheng Banking

Market Cap: CN¥163.1b

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

GlobalFoundries

Market Cap: US$23.4b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

Gulf Development

Market Cap: ฿739.5b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.