Taiwanese Software Defensive Blue Chips

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

American International Group

Market Cap: US$40.0b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Martin Marietta Materials

Market Cap: US$40.0b

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

Tesco

Market Cap: UK£28.6b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

ACWA Power

Market Cap: ر.س146.0b

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.

Alcon

Market Cap: CHF 30.2b

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

Consolidated Edison

Market Cap: US$38.8b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Aeon

Market Cap: JP¥6.1t

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

Telstra Group

Market Cap: AU$55.4b

Provides telecommunications and information services in Australia and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.1t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

ASM International

Market Cap: €32.7b

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

Endesa

Market Cap: €32.7b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Hartford Insurance Group

Market Cap: US$38.3b

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

GE HealthCare Technologies

Market Cap: US$37.6b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Prudential Financial

Market Cap: US$37.3b

Provides insurance, investment management, and other financial products and services in the United States, Japan and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪114.8b

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

Fairfax Financial Holdings

Market Cap: CA$50.5b

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

Grupo Nutresa S. A

Market Cap: Col$134.3t

Operates in the food industry in Colombia, Latin America, and internationally.

Moore Threads Technology

Market Cap: CN¥255.6b

Engages in the development of GPU chips and related products.

ResMed

Market Cap: US$36.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Vodafone Group

Market Cap: UK£26.8b

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

Malayan Banking Berhad

Market Cap: RM 144.2b

Provides commercial banking and related financial products and services.

Koninklijke Ahold Delhaize

Market Cap: €30.9b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Muyuan Foods

Market Cap: CN¥251.6b

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

Huadian New Energy Group

Market Cap: CN¥249.0b

Engages in the power generation business in China.

Sun Life Financial

Market Cap: CA$48.6b

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.

QNB Bank

Market Cap: ₺1.5t

Provides various banking products and services in Turkey.

Hannover Rück

Market Cap: €30.0b

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

Cathay Financial Holding

Market Cap: NT$1.1t

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

Imperial Brands

Market Cap: UK£25.7b

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

Arch Capital Group

Market Cap: US$35.0b

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

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications and technology company primarily in Thailand.

Fifth Third Bancorp

Market Cap: US$34.9b

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.

Japan Post Holdings

Market Cap: JP¥5.5t

Provides postal, banking, and insurance services in Japan.

OTP Bank Nyrt

Market Cap: Ft11.1t

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

M&T Bank

Market Cap: US$34.6b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.