Taiwanese Software Defensive Blue Chips

Align Technology

Market Cap: US$12.6b

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

Xi'an ESWIN Material Technology

Market Cap: CN¥87.3b

Xi'an ESWIN Material Technology Co., Ltd.

China Resources Power Holdings

Market Cap: HK$98.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Fisher & Paykel Healthcare

Market Cap: NZ$21.8b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Hormel Foods

Market Cap: US$12.6b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Shenzhen Techwinsemi Technology

Market Cap: CN¥86.6b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Guangdong Haid Group

Market Cap: CN¥86.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Fidelity National Financial

Market Cap: US$12.5b

Provides various insurance products in the United States.

Chubu Electric Power Company

Market Cap: JP¥2.0t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Industrial Bank of Korea

Market Cap: ₩18.8t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥85.8b

Engages in commercial banking business in China.

CNA Financial

Market Cap: US$12.4b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Admiral Group

Market Cap: UK£9.3b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Samsung Fire & Marine Insurance

Market Cap: ₩18.7t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Saputo

Market Cap: CA$17.1b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

mBank

Market Cap: zł45.7b

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

Kerry Group

Market Cap: €10.6b

Provides taste and nutrition solutions.

Millicom International Cellular

Market Cap: US$12.3b

Engages in the provision cable and mobile services in Latin America.

Unum Group

Market Cap: US$12.2b

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

bioMérieux

Market Cap: €10.6b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Fresenius Medical Care

Market Cap: €10.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪38.1b

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

TIM

Market Cap: R$63.8b

Engages in the telecommunications sector in Brazil.

Centrica

Market Cap: UK£9.1b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Suncorp Group

Market Cap: AU$17.5b

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

T&D Holdings

Market Cap: JP¥1.9t

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

Orkla

Market Cap: NOK 116.9b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Budweiser Brewing Company APAC

Market Cap: HK$94.4b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Insurance Australia Group

Market Cap: AU$17.4b

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

Coca-Cola Consolidated

Market Cap: US$12.0b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Turkiye Garanti Bankasi

Market Cap: ₺532.1b

Provides various banking products and services in Turkey.

Severn Trent

Market Cap: UK£9.0b

Provides water and wastewater services in the United Kingdom.