Bermudian Software Defensive Blue Chips

Foshan Haitian Flavouring and Food

Market Cap: CN¥207.3b

Foshan Haitian Flavouring and Food Company Ltd.

Sampo Oyj

Market Cap: €25.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Ørsted

Market Cap: DKK 188.6b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Amrize

Market Cap: CHF 23.1b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥205.6b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Hang Seng Bank

Market Cap: US$29.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

GigaDevice Semiconductor

Market Cap: CN¥203.5b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Bank of Ningbo

Market Cap: CN¥202.7b

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

Credicorp

Market Cap: US$29.2b

Provides various financial, insurance, and health services and products in Peru and internationally.

Power Grid Corporation of India

Market Cap: ₹2.6t

An electric power transmission utility, engages in the power transmission business in India and internationally.

BPER Banca

Market Cap: €24.4b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Shinhan Financial Group

Market Cap: ₩41.8t

Provides financial products and services in South Korea and internationally.

China Unicom (Hong Kong)

Market Cap: HK$222.4b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

DexCom

Market Cap: US$28.3b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.7b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Huntington Bancshares

Market Cap: US$28.0b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

Nestlé India

Market Cap: ₹2.5t

Engages in the manufacture and sale of food products in India and internationally.

Citizens Financial Group

Market Cap: US$27.8b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Kraft Heinz

Market Cap: US$27.8b

Manufactures and markets food and beverage products in North America and internationally.

Koninklijke Philips

Market Cap: €23.4b

Operates as a health technology company in North America, the Greater China, and internationally.

Veolia Environnement

Market Cap: €23.4b

Designs and provides water, waste, and energy management solutions.

Banco do Brasil

Market Cap: R$144.4b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

China Everbright Bank

Market Cap: CN¥190.7b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

EnBW Energie Baden-Württemberg

Market Cap: €23.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Nanya Technology

Market Cap: NT$859.9b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Avenue Supermarts

Market Cap: ₹2.5t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Bank Mandiri (Persero)

Market Cap: Rp450.8t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

George Weston

Market Cap: CA$36.8b

Provides food and drug retailing, and financial services in Canada.

Constellation Brands

Market Cap: US$27.0b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Aviva

Market Cap: UK£19.7b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Atmos Energy

Market Cap: US$26.9b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Resona Holdings

Market Cap: JP¥4.2t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Woolworths Group

Market Cap: AU$37.8b

Operates retail stores in Australia and New Zealand.

Hua Hong Semiconductor

Market Cap: HK$207.5b

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

Bank of Jiangsu

Market Cap: CN¥183.5b

Provides various banking products and services in China.

CGN Power

Market Cap: HK$205.6b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.