Taiwanese Software Defensive Blue Chips

Muyuan Foods

Market Cap: CN¥255.1b

Operates as a pork company in the hog farming industry in China.

ASM International

Market Cap: €31.8b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Swedbank

Market Cap: SEK 345.6b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Hartford Insurance Group

Market Cap: US$36.5b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Heidelberg Materials

Market Cap: €31.4b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ132.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Alcon

Market Cap: CHF 28.8b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Hannover Rück

Market Cap: €31.1b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Fairfax Financial Holdings

Market Cap: CA$49.5b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 334.3b

Provides corporate, retail, investment, and private banking services.

Archer-Daniels-Midland

Market Cap: US$34.8b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

KB Financial Group

Market Cap: ₩52.4t

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.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥239.3b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Prudential

Market Cap: UK£26.0b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Malayan Banking Berhad

Market Cap: RM 138.4b

Provides commercial banking and related financial products and services.

Martin Marietta Materials

Market Cap: US$34.4b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$622.3b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

UltraTech Cement

Market Cap: ₹3.3t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

QNB Bank

Market Cap: ₺1.5t

Provides various banking and financial services in Turkey.

Sompo Holdings

Market Cap: JP¥5.5t

Provides property and casualty insurance services in Japan and internationally.

Vulcan Materials

Market Cap: US$34.1b

Produces and supplies construction aggregates in the United States.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

ACWA Power

Market Cap: ر.س127.9b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Sun Life Financial

Market Cap: CA$47.2b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Vodafone Group

Market Cap: UK£25.5b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Microchip Technology

Market Cap: US$33.6b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Foshan Haitian Flavouring and Food

Market Cap: CN¥229.7b

Foshan Haitian Flavouring and Food Company Ltd.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Bank Leumi le-Israel B.M

Market Cap: ₪104.4b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Arch Capital Group

Market Cap: US$33.2b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Aeon

Market Cap: JP¥5.3t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥5.2t

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

Japan Post Holdings

Market Cap: JP¥5.2t

Provides postal, banking, and insurance services in Japan.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Cathay Financial Holding

Market Cap: NT$1.0t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

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.