Belgian Software Defensive Blue Chips

MetLife

Market Cap: US$44.5b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

IDEXX Laboratories

Market Cap: US$44.4b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ162.1b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Becton Dickinson

Market Cap: US$44.0b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

People's Insurance Company (Group) of China

Market Cap: HK$340.5b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Endesa

Market Cap: €37.5b

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.

Hershey

Market Cap: US$43.3b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Teradyne

Market Cap: US$43.3b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Swisscom

Market Cap: CHF 34.6b

Provides telecommunication services in Switzerland, Italy, and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق155.3b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Heineken

Market Cap: €36.9b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Federal National Mortgage Association

Market Cap: US$42.2b

Provides financing solutions for residential mortgages in the United States.

Disco

Market Cap: JP¥6.6t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Erste Group Bank

Market Cap: €35.9b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Great-West Lifeco

Market Cap: CA$57.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Barito Renewables Energy

Market Cap: Rp702.3t

Generates and sells power through geothermal and wind resources in Indonesia.

SSE

Market Cap: UK£31.3b

Engages in the generation, transmission, distribution, and supply of electricity.

Telstra Group

Market Cap: AU$59.8b

Provides telecommunications and information services in Australia and internationally.

Diageo

Market Cap: UK£31.0b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Koninklijke Ahold Delhaize

Market Cap: €35.5b

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

Consolidated Edison

Market Cap: US$41.0b

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

Coca-Cola Europacific Partners

Market Cap: €35.3b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

PICC Property and Casualty

Market Cap: HK$317.2b

Engages in property and casualty insurance business in People’s Republic of China.

Fifth Third Bancorp

Market Cap: US$40.5b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Tesco

Market Cap: UK£30.1b

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

American International Group

Market Cap: US$39.7b

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

Danske Bank

Market Cap: DKK 253.9b

Provides various banking products and services to corporate, institutional, and international clients.

Fairfax Financial Holdings

Market Cap: CA$53.8b

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.

Axis Bank

Market Cap: ₹3.6t

Provides various financial products and services in India and internationally.

Commerzbank

Market Cap: €33.3b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

ITC

Market Cap: ₹3.6t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Moore Threads Technology

Market Cap: CN¥262.2b

Engages in the development of GPU chips and related products.

Huadian New Energy Group

Market Cap: CN¥262.0b

Engages in the power generation business in China.

Rocket Companies

Market Cap: US$38.0b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Swedbank

Market Cap: SEK 357.9b

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

Fubon Financial Holding

Market Cap: NT$1.2t

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